“We’re not the securities and everything commission anymore,” SEC Chair Paul Atkins told a crypto conference on Tuesday, minutes after his agency and the CFTC jointly classified Bitcoin (CRYPTO: BTC) and 15 other tokens as digital commodities, not securities.
The crowd cheered. Bitcoin was trading near $75,400.
The classification resolved one of the biggest legal question hanging over crypto.
Bitcoin, Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL), XRP (CRYPTO: XRP), and 12 others now fall under lighter CFTC commodity oversight instead of the SEC’s enforcement-heavy securities regime.
That distinction unblocks ETF approvals, clears exchanges to list without legal risk, and opens the door for institutional allocators who were sitting on the sidelines.
By Thursday morning it was at $69,370. Strategy (NASDAQ:MSTR), …
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