SEC's March 17, 2026 framework says most crypto assets are not securities

On 17 March 2026, the U.S. Securities and Exchange Commission unveiled a new interpretive framework for digital assets, concluding that most crypto assets are not securities. The guidance, developed with the Commodity Futures Trading Commission, introduces a five-part asset taxonomy and clarifies how securities laws apply to activities such as staking, airdrops, mining, and wrapping. The move is intended to give issuers, builders, and investors clearer rules while Congress works on broader crypto legislation.