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Chainlink, Cardano and six groups ask SEC to codify digital commodities as non-securities

Six blockchain organisations including Chainlink Labs and the Cardano Foundation urged the U.S. Securities and Exchange Commission to formally classify digital commodities as non-securities and reflect that directly in its rules. They submitted a joint letter on Oct. 20 after the agency’s public comment period on proposed crypto asset rules closed. The groups said interpretive guidance alone leaves market participants exposed to legal uncertainty and called for clearer standards for secondary-market trading, staking and other activities.