Cardano Foundation joins five other blockchain groups urging SEC to lock in digital commodity definition

Six blockchain organizations, including the Cardano Foundation, have asked the US Securities and Exchange Commission to make its “digital commodity” definition official. They want it written into the binding text of a proposed rule, not left in guidance that can change. The joint comment letter landed on October 20, 2026, the last day of the public comment period. Who signed and what they want The co-signers are Aptos Labs, Ava Labs, Cardano Foundation, Chainlink Labs, Hedera, and Stellar Development Foundation. Together they represent the teams behind APT, AVAX, ADA, LINK, HBAR, and XLM. Their target is the SEC’s proposed Regulation Crypto Assets rule. The letter urges the agency to firmly codify the digital commodity definition within the rule’s operative text. That detail matters more than it sounds. The operative text is the part of a regulation that actually binds. Preambles, footnotes, and staff guidance can explain or interpret a rule, but they carry less weight. The groups argue that putting the definition in the rule itself would give developers and other participants long-term regulatory certainty. A token’s status would not hinge on how the next set of officials reads in...