Earlier this year, the SEC classified $ADA as a digital commodity, not a security.
However, this classification only appears in the explanation of the new crypto rules, not in the rules themselves.
Six blockchain organizations have asked the SEC to write it into the rules. We co-signed the letter, alongside
@StellarOrg,
@Hedera,
@AptosLabs,
@AvaLabs and
@Chainlink.