LINK, ADA, AVAX & More Unite Against the SEC: Is a Massive Crypto Shift Coming?
Six blockchain organizations, including Chainlink Labs and the Cardano Foundation, have jointly requested the SEC to codify digital commodities' non-security status in its proposed Regulation Crypto Assets. The groups seek to reinforce the SEC's existing classification of LINK, ADA, AVAX, HBAR, APT, and XLM as digital commodities, aiming for more durable regulatory recognition and predictability. The SEC's current proposal is not final, and the organizations' recommendations may not be adopted.
How this was made
The 30-second read
Why it matters
The filing is a first‑report regulatory request; market impact will depend on the SEC's final rulemaking.
Market read
Regulatory clarity could reduce legal risk for the six tokens, but no immediate price catalyst exists.
What to watch
Future SEC timeline and political climate could delay or dilute any impact, making short‑term moves unlikely.
Background
Six blockchain organizations filed a joint comment to the SEC urging formal digital‑commodity classification for their tokens.
Ticker impact
Chainlink Labs joined a joint comment to the SEC urging durable digital‑commodity classification for LINK.
limited upside if SEC adopts the language, otherwise little immediate effect
The filing is a first‑report regulatory comment; market reaction depends on future rulemaking, not a concrete decision.
Cardano Foundation participated in the SEC comment seeking formal recognition of ADA as a digital commodity.
modest upside if guidance is adopted, otherwise status quo
No immediate rule change; impact hinges on future SEC action.
Hedera submitted the comment to secure durable digital‑commodity treatment for HBAR.
limited upside pending SEC decision
No immediate regulatory change; market watches for final rule.
Aptos Labs participated in the joint SEC comment to protect APT's digital‑commodity status.
small upside if SEC adopts language, otherwise flat
Impact contingent on future SEC rulemaking.
Stellar Development Foundation joined the comment to keep XLM classified as a digital commodity.
modest upside if guidance is codified
Effect depends on eventual SEC rule adoption.
Market effects
May influence broader digital‑commodity classification debate, affecting multiple crypto assets.
Primarily U.S. regulatory focus; limited immediate regional effect.
Potentially sets precedent for global crypto regulation discussions.
Counterpoint
Regulators may reject the request, keeping current ambiguous stance, limiting any price benefit.
Key entities
- organizationChainlink Labs
Developer of the LINK token.
- organizationCardano Foundation
Governance body for ADA.
- organizationAva Labs
Creator of the AVAX token.
- organizationHedera
Operator of the HBAR token.
- organizationAptos Labs
Developer of the APT token.
