Blockchain Groups Urge SEC for Clearer Crypto Rules
Six major blockchain organizations urged the SEC to formally recognize digital commodities as non-securities in its proposed framework.
Six major blockchain organizations have submitted a joint letter to the United States Securities and Exchange Commission, urging regulators to provide clearer rules for digital assets. According to Cointelegraph, the coalition is pushing the SEC to formally recognize digital commodities as non-securities.
Regulatory Treatment Requested
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The joint communication calls for more precise regulatory treatment concerning digital assets, staking services, and secondary-market trading activities. The push comes as financial regulators weigh proposed crypto rules that could shape industry compliance.
Key facts
- Six major blockchain organizations participated in the joint letter.
- The appeal asks the SEC to classify digital commodities as non-securities.
- The framework under discussion covers digital assets, staking, and secondary-market trading.
Source: cointelegraph.com
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