SEC makes huge U-turn, declares crypto tokens are ‘digital commodities’ after years of legal battles

The SEC just made its biggest crypto classification move in years, placing major tokens such as Ethereum, Solana, Cardano, Dogecoin, Avalanche, XRP, and Chainlink into a “digital commodities” bucket while saying some token sales can stop being treated as securities-law cases once the issuer’s core promises are fulfilled. Paired with a new SEC-CFTC coordination framework, the March 17 interpretation is less a narrow s…