SEC and CFTC define crypto asset status. BTC, ETH, SOL and XRP are not considered securities

The crypto market has finally received what it has been missing for more than a decade. Not hype. Not another analyst opinion. But a clear position from regulators.

SEC published guidance on the status of crypto assets, and CFTC effectively confirmed the same logic. For the first time, both regulators are moving in the same direction. No contradictions. No dual interpretations.

The key point is not even the wording. It is the fact itself.

The market has been given a framework.

Which crypto assets are not considered securities

In short, most well-known crypto assets are not considered securities. This includes Bitcoin, Ethereum, Solana, XRP and many other tokens. They are treated as digital commodities. In other words, assets whose value is driven not by promises from a team, but by demand, network usage and protocol architecture.

This is a major shift for the industry.

For a long time, everything remained uncertain. Projects did not know where the line was. Exchanges acted cautiously. Investors priced in not only market risk, but also regulatory risk.

Now this uncertainty has decreased. It has not disappeared, but it has become manageable.

However, regulators did not give the market a free pass. This is where it becomes more nuanced.

A token itself may not be a security. But the way it is sold can turn it into an investment contract. If a project promotes profit expectations and suggests the team will drive growth, a different regulatory logic applies.

This is a critical point. It is not about the asset itself, but about context.

Moreover, status can change. A token may initially depend on team expectations, but as decentralization increases, that factor disappears. The legal assessment changes accordingly.

This approach has rarely been articulated at this level before.

What this means for staking, mining and airdrops

Regulators also addressed a long-debated topic. Staking, mining and airdrops.

Under the current interpretation, they are not considered securities transactions. This significantly reduces pressure on infrastructure and related services.

However, caution remains in one area. Stablecoins.

Some of them, especially those with transparent reserves and fiat backing, may fall outside securities regulation. But there is no universal approach. Certain models may still be treated differently.

The role of CFTC

Another important aspect is the role of CFTC.

A clear division is emerging. Many crypto assets fall under commodity regulation. This means a different oversight model and more predictable rules for institutional players.

But it is important not to overstate this development. This is not a new law.

Congress has not yet finalized a regulatory framework. This is guidance, albeit a strong one.

In simple terms, the foundation is set. The structure is still being built.

Nevertheless, this is a turning point for the market.

For the first time in years, regulators are not only bringing enforcement actions but also attempting to define the rules of the game.

This is a signal not only for the United States, but for the global market.