Digital Commodity

SEC

2026-09-26 00:45:00

SEC staff FAQ says upkeep of a functional crypto network usually is not a key managerial effort under Howey

The U.S. Securities and Exchange Commission’s Division of Corporation Finance said in a crypto asset FAQ released on Sept. 25 that once a crypto system is functional, services tied to security maintenance, upgrades, feature improvements, or efforts to foster network effects generally do not amount to the “essential managerial efforts” referenced in the Howey test. The staff said the same treatment would usually apply to commitments involving funding or sponsoring development projects, meaning those promises on their own typically would not satisfy that part of the test. The FAQ also addressed staking receipt tokens, saying they may qualify as a “digital instrument” if they only evidence ownership of an underlying digital commodity and do not alter the holder’s rights, obligations, or returns. If issued by a protocol-based liquid staking provider, such a token may also be treated as a “digital commodity.” On buybacks, the staff said repurchase programs for non-security crypto assets on a functional network generally would not be viewed as key managerial efforts, though that could change if the network is not yet functional and the buyback is promoted as a way to generate returns. The SEC said the FAQ reflects staff views only and carries no legal force, and that the Commission has neither approved nor disapproved it.

260

SEC

2026-07-24 07:55:16

SEC Officially Classifies XRP as Digital Commodity Alongside BTC, ETH, and SOL

SEC's latest regulatory guidance defines XRP as a digital commodity, placing it in the same category as 16 other cryptocurrencies including Bitcoin, Ethereum, and Solana. The move ends years of legal ambiguity, opening doors for institutional investment and broader financial use cases.

680

Algorand

2026-07-23 16:40:15

Algorand Gains Digital Commodity Status from SEC and CFTC; Google Recognizes Its Post-Quantum Crypto

In March-April 2026, U.S. regulators classified ALGO as a digital commodity. The Algorand Foundation and Algorand Technologies merged with $15M pledged. Google Quantum AI praised Algorand's post-quantum cryptography in a whitepaper.

590

Dogecoin

2026-07-22 18:55:13

Dogecoin Rises 6% as $0.1018 Resistance Comes Under Renewed Pressure

Dogecoin climbed about 6% this week after U.S. regulators classified it as a digital commodity. Open interest reached $1.4 billion, whale accumulation topped $330 million, and traders are focused on the $0.1018 resistance level.

370

SEC

2026-07-22 14:15:13

SEC and CFTC Formally Classify SOL as a Digital Commodity in New Crypto Framework

A joint SEC-CFTC framework classifies SOL and 15 other major tokens as digital commodities, while clarifying that staking, mining, and certain airdrops are not securities offerings.

1740

Ripple

2026-07-10 22:26:13

Grok Analysis Suggests Ripple May Not Need to Sell XRP Under Clarity Act

An analysis from AI tool Grok suggests Ripple may not be forced to sell XRP to comply with the Clarity Act, arguing the 20% rule is a maturity benchmark rather than a strict ownership cap.

420

XRP

2026-07-09 04:44:15

XRP Sinks to Low Range as Technical Weakness, Macro Tensions Eclipse SEC Commodity Shift

Despite SEC and CFTC classifying XRP as a digital commodity, technical weakness and geopolitical tensions have pushed the price to a low range around $1.39. RSI near oversold, MACD negative, and price below key moving averages. A breakdown below $1.39 could lead to $1.30.

320

XRP

2026-07-08 22:54:13

SEC and CFTC Jointly Designate XRP as a Digital Commodity, Landmark Regulatory Clarity

On March 17, 2026, the SEC and CFTC issued a joint interpretative release explicitly listing XRP as a digital commodity alongside Bitcoin and Ethereum, resolving years of legal ambiguity and providing a functional-based regulatory framework.

1730