Chainlink and others call for SEC the digital commodity framework to be codified into formal rules
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AT A GLANCE
Chainlink says it has joined multiple projects in calling on the U.S.SEC to formally codify the digital commodity framework into rules.
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Chainlink joins Hedera, Aptos, Avalanche, and Stellar in calling for SEC the digital commodity framework to be formally codified into rules
PANews October 21 reports that Chainlink’s Taylor Barr stated that Chainlink has joined Hedera, Aptos,Ava Labs and Stellar in calling on the U.S.SEC to formally codify its digital commodity framework into rules (codify). Taylor Barr stated that developers need long-term, stable regulatory certainty, and that formalizing existing regulatory progress into rules would help the U.S. retain its position as a hub for digital-asset innovation. The initiative is led by Jackson Mueller.
According to PANews, Chainlink’s Taylor Barr published a post introducing the joint initiative.
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Taylor Barr stated that Chainlink has joined Hedera, Aptos,Ava Labs and Stellar in calling on the U.S.SEC to formally codify the digital commodity framework into rules.
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Taylor Barr stated that developers need long-term, stable regulatory certainty.
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Taylor Barr stated that formalizing existing regulatory progress into rules would help the U.S. retain its position as a hub for digital-asset innovation.
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The report stated that the initiative is led by Jackson Mueller.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
These projects are making regulatory recommendations to the U.S.SEC, seeking to further formalize the digital commodity-related framework from existing progress into formal rules. This is an industry initiative and does not mean that SEC has accepted the recommendations or issued rules.
Why it matters to readers
If the relevant framework ultimately becomes formal rules, developers may gain more stable regulatory expectations; however, the original text only states that relevant parties made the call and does not indicate a regulatory outcome.
Beginners should distinguish between “projects calling for rules to be made” and “regulators having already issued rules.” The current information falls into the former category and cannot be used to conclude that the relevant tokens or projects have received regulatory approval.
Risks and unknowns
The original text does not provide SEC evidence of a response, adoption of the initiative, or the launch of a formal rulemaking process.
The original text does not include the joint initiative document or explain the specific provisions of the digital commodity framework.
The relevant statements were relayed by PANews, and the original text does not provide a direct link to Taylor Barr’s post.
The headline uses Avalanche, while the body lists Ava Labs, making the two descriptions inconsistent.
The original text does not state whether or when the initiative could be converted into formal rules.
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