The SEC just released an official explanatory document on March 17, 2026, listing a batch of tokens as examples of digital commodities. Digital commodities are essentially exempt from securities law regulation. Here's the full list: The first tier includes tokens that are relatively stable and classified as digital commodities, with a total of 16 tokens: BTC (Bitcoin), ETH (Ethereum), XRP (Ripple), SOL (Solana), ADA (Cardano), DOGE (Dogecoin), SHIB (Shiba Inu), LINK (Chainlink), AVAX (Avalanche), APT (Aptos), HBAR (Hedera), LTC (Litecoin), DOT (Polkadot), XLM (Stellar), XTZ (Tezos), BCH (Bitcoin Cash). Additionally, ALGO (Algorand) and LBC (LBRY Credits) were also specifically named by the SEC as digital commodities, which came as a pleasant surprise. The most controversial one here is XRP. In 2026, the SEC listed XRP as an example of a digital commodity, but the courts still ruled that some of XRP's sales activities fall under securities law. So, the SEC added a bit of clarification, explaining that while the token itself is not a security, this doesn’t mean all its issuance, sales, or packaging methods are exempt from securities law. It’s kind of like making a special batch of dumplings just for the vinegar that comes with XRP. The tone in the secondary market is pretty much set now, and future regulations are likely to become clearer. Following the U.S. approach at least ensures survival until the next cycle—who knows, maybe the next altcoin season will be a digital commodities season.