According to Wu Blockchain, Galaxy Research's Head of Research Alex Thorn shared that the U.S. SEC and CFTC recently jointly released the 2026 Digital Asset Guidelines, completely overturning the regulatory framework from the Gensler era. The new rules classify assets into five categories, clearly stating that only 'digital securities' need to be registered under securities laws. Additionally, the new guidelines establish a 'safe harbor': explicitly stating that airdrops, mining, and staking do not constitute securities transactions. They also outline an exemption path for secondary token trading: if a project fulfills its promised functionality or is publicly abandoned, the initial investment contract is terminated, and tokens can thereafter be freely traded on secondary markets as non-securities. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=58420