XLM Filing Seeks Clearer Digital Commodity Rules

Stellar and five other blockchain groups ask the SEC to write the digital commodity definition directly into proposed federal regulations. The filing seeks to separate a crypto asset’s status from investment contracts used to sell it, preserving distinct legal tests. The SEC has yet to adopt the requested wording, leaving the coalition’s proposed changes subject to the rulemaking process. XLM features in a joint filing seeking clearer digital commodity definitions in federal crypto rules. The organizations want the SEC to distinguish token status from investment-contract sales.