According to @VanessaGrellet_, the SEC staff is preparing to release definitive guidance on asset classification, specifically targeting digital commodities, stablecoins, and digital collectibles. The update clarifies that most crypto assets are not considered securities, as stated by Atkins. For those assets that do qualify as securities, market participants should anticipate the introduction of tailored exemptions and safe harbor provisions. This regulatory clarity is expected to reduce legal uncertainty and potentially drive increased trading activity and institutional participation in the cryptocurrency market. Source: @VanessaGrellet_

According to EleanorTerrett, the House’s latest market structure discussion draft, specifically on page 49, clarifies that transactions involving the sale of digital commodities are not considered securities, provided the purchaser does not acquire an ownership interest in the issuer. This clarification, reported on May 5, 2025, has immediate trading implications, as it potentially reduces regulatory uncertainty for digital commodity traders and exchanges, paving the way for increased market activity and legal clarity in the U.S. crypto sector (source: EleanorTerrett on Twitter, May 5, 2025).