Six Blockchain Groups Ask SEC to Put Digital Commodity Definition in Rule

Six blockchain organizations have asked the SEC to put its digital commodity definition in the binding text of a proposed crypto rule, seeking clearer legal treatment for public blockchain developers and other participants.

Stellar Development Foundation, Hedera, Aptos Labs, Ava Labs, Cardano Foundation and Chainlink Labs made the joint request in a comment on Regulation Crypto Assets. They also want the rule to state that a digital commodity is not itself a security.

The SEC outlined a digital commodity category in its March 2026 interpretation of federal securities law. The groups say the definition appears in the proposed rule’s preamble but is absent from the provisions that would carry binding force.

The distinction matters to the organizations because developers and others working with public blockchains need a stable basis for understanding how their assets are treated under U.S. securities rules. Their request would place a classification the SEC has already described into the rule itself.

Regulation Crypto Assets remains a proposal. The groups are asking the SEC to make the change in the final text.