Blockchain Groups Urge SEC to Exempt Digital Commodities from Securities Rules
Six major blockchain organizations have petitioned the SEC to clarify regulations around staking and secondary trading of digital commodities.
Six major blockchain organizations have petitioned the SEC to clarify regulations around staking and secondary trading of digital commodities. Chainlink (LINK) is trading at ₹1,187 ($12.50), down 0.4% since this brief published. This is an original Token Times brief synthesising 2 outlets (Cryptopolitan, Cointelegraph), plus live market data, as of Wed, 21 Oct 2026 23:45:01 UTC.
The outcome of this regulatory push could significantly impact the classification and trading of digital assets, influencing how blockchain networks operate and how investors participate in staking and secondary markets.
- Six blockchain groups petitioned the SEC to classify digital commodities as non-securities.
- They seek clear rules for staking and secondary trading of digital assets.
- The UK FCA has opened two DeFi consultations, indicating global regulatory focus.
- Total crypto market cap stands at $2.89T amid broad market gains.
Both Cryptopolitan and Cointelegraph report that six major blockchain organizations have urged the SEC to formally recognize digital commodities as non-securities and to provide clear regulatory guidelines for staking and secondary trading. While both outlets agree on the core request and the number of organizations involved, Cointelegraph provides more specificity by mentioning that this request is in response to the SEC's proposed regulatory framework. Additionally, Cryptopolitan notes that the SEC's comment period has ended, suggesting the timing of this request may be significant.
Six prominent blockchain organizations have collectively approached the U.S. Securities and Exchange Commission (SEC) to request that digital commodities be formally classified as non-securities. This move comes as the SEC continues to refine its regulatory framework for digital assets.
The organizations are also seeking clear and definitive rules for staking and secondary trading of digital assets. These requests aim to bring more regulatory clarity to the blockchain sector, which has been operating in a somewhat uncertain legal environment.
Cryptopolitan and Cointelegraph both corroborate that six networks are involved in this initiative, although neither outlet specifies the exact organizations. Cointelegraph emphasizes the timing of the request in relation to the SEC's ongoing regulatory review, while Cryptopolitan highlights that the SEC's comment period has already concluded.
In a related development, the UK's Financial Conduct Authority (FCA) has opened two consultations on decentralized finance (DeFi), indicating a broader global trend of regulatory bodies seeking to define and regulate the DeFi space.
The total cryptocurrency market cap currently stands at $2.89 trillion, with the overall market showing broad gains. 
Bitcoin has risen by 1.72% in the past 24 hours, while 
Chainlink (LINK) and 
Cardano (ADA) have also seen modest increases of 2.09% and 1.22% respectively.
Since this brief published about 1 hour ago, Chainlink (LINK) has moved from ₹1,192.19$12.55 to ₹1,187.44$12.50 — -0.40%.
The chart plots LINK's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 LINK ≈ ₹1,300.63 (about $12.50), up 1.4% over 24 hours. The rupee itself trades about 9.5% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 21, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Blockchain Groups Urge SEC to Exempt Digital Commodities fro — questions & answers
What did the blockchain groups ask the SEC to do?
They requested that digital commodities be classified as non-securities and that clear rules be established for staking and secondary trading.
Why is this regulatory push important?
It could significantly impact how digital assets are classified and traded, affecting blockchain networks and investor participation in staking and secondary markets.
What is the current state of the crypto market?
The total market cap is $2.89T, with Bitcoin up 1.72% in the past 24 hours.
How much is 1 Chainlink worth in rupee today?
About ₹1,300.63 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $12.50. The rupee price moves with both LINK's US-dollar price and the USDT/INR rate; use our Chainlink in rupee page for any amount.
Has Chainlink's price moved since this brief was published?
LINK is down 0.40% since this brief first published — trading at ₹1,187 ($12.50) now versus ₹1,192 ($12.55) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Cryptopolitan, Cointelegraph, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.