Cardano Foundation Co-Signs Letter Urging SEC to Classify ADA as Digital Commodity
Photo: CaptainAltcoin
The Cardano Foundation has joined five other blockchain organizations in urging the U.S. Securities and Exchange Commission to formally classify ADA as a digital commodity in the text of its new crypto rules. The letter was co-signed by the Cardano Foundation alongside the Stellar Development Foundation, Hedera, Aptos Labs, Ava Labs and Chainlink. The issue centers on a gap between the SEC’s explanatory language and the actual regulatory text. Earlier this year, the SEC referred to ADA as a digital commodity rather than a security in the explanatory material accompanying its proposed crypto framework.
Source: CaptainAltcoin
