SEC Defines a Class of Crypto Assets as Digital Commodities, Clarifying That Digital Commodities Are Not Securities



Digital commodities are a type of crypto asset whose value is intrinsically related to the programmatic operation of a crypto system and derives from the system's functionality and supply-demand dynamics, rather than from expectations of profits derived from the key management efforts of others.

Digital commodities do not possess inherent economic attributes or rights such as generating passive income or conferring rights to future revenues, profits, or assets of an enterprise or other entity, obligor, or obligated party, but may possess certain other rights.

Examples of digital commodities include:

Aptos (APT)
Avalanche (AVAX)
Bitcoin (BTC)
Bitcoin Cash (BCH)
Cardano (ADA)
Chainlink (LINK)
Dogecoin (DOGE)
Ethereum (ETH)
Hedera (HBAR)
Litecoin (LTC)
Polkadot (DOT)
Shiba Inu (SHIB)
Solana (SOL)
Stellar (XLM)
Tezos (XTZ)
XRP (XRP)

Source: Page 14 of Original External Report
APT1.79%
AVAX0.05%
BTC0.13%
BCH-0.44%
View Original
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