Cardano, Chainlink, Stellar and partners urge SEC to codify digital commodity status

A coalition of major blockchain projects, including Cardano (ADA), Chainlink (LINK), HBAR, Stellar (XLM), Aptos (APT), and Avalanche (AVAX), has formally requested the US Securities and Exchange Commission (SEC) to place its digital commodity definition into firm regulatory text rather than leaving it within a policy preamble. The group—represented by the Cardano Foundation, Chainlink Labs, HBAR Foundation, Stellar Development Foundation, Aptos Labs, and Ava Labs—submitted a joint comment to the SEC as part of the ongoing public feedback period for the Regulation Crypto Assets proposal. These organizations are pressing the SEC to make the non-security status of digital commodities part of the core operative rule, arguing that such clarity would provide industry participants with stable guidelines in the United States.

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