---
title: "Blockchain groups urge SEC to treat digital commodities as non-securities"
description: "Six major blockchain organizations asked the SEC to formally recognize digital commodities as non-securities within its proposed regulatory framework, Cointelegraph reported. The groups involved include Chainlink and Cardano, according to the report. Reported by Cointelegraph on 2026-10-21. LINK…"
language: en
canonical: "https://whycoinmoves.com/en/events/chainlink-chainlink-cardano-other-blockchain-groups-0660c6d2941006"
published: 2026-10-21T16:21:01.000Z
updated: 2026-10-22T16:22:00.000Z
indexable: false
---

# Blockchain groups urge SEC to treat digital commodities as non-securities

Six major blockchain organizations asked the SEC to formally recognize digital commodities as non-securities within its proposed regulatory framework, Cointelegraph reported. The groups involved include Chainlink and Cardano, according to the report. Reported by Cointelegraph on 2026-10-21. LINK…

Attributed sources: [Cointelegraph](<https://cointelegraph.com/news/chainlink-cardano-and-other-blockchain-groups-push-sec-for-clearer-crypto-rules>)

## Key facts

Six major blockchain organizations asked the SEC to formally recognize digital commodities as non-securities within its proposed regulatory framework, Cointelegraph reported. The groups involved include Chainlink and Cardano, according to the report.
Evidence strength: Single source, 1 publisher group(s) (Cointelegraph); this describes source coverage, not truth or causation.
After site detection, observed returns were 5 minutes: -0.21% (difference from BTC -0.20 pp; 21/10/2026, 16:21 → 21/10/2026, 16:26, UTC; Gate · USDT); 1 hour: -0.60% (difference from BTC -0.38 pp; 21/10/2026, 16:21 → 21/10/2026, 17:21, UTC; Gate · USDT); 24 hours: -6.01% (difference from BTC -2.38 pp; 21/10/2026, 16:21 → 22/10/2026, 16:21, UTC; Gate · USDT). Unlisted windows are unavailable.
In the preceding 30 days, the 99th percentile of absolute hourly returns was 3.03% (OKX · USDT; cutoff 21/10/2026, 16:21, UTC). This hourly baseline is not directly comparable with a minute move.

## Returns after site detection

| Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC) | Source |
| --- | --- | --- | --- | --- | --- |
| 5 minutes | -0.21% | -0.02% | -0.20 pp | 21/10/2026, 16:21 → 21/10/2026, 16:26 | Gate · USDT |
| 1 hour | -0.60% | -0.21% | -0.38 pp | 21/10/2026, 16:21 → 21/10/2026, 17:21 | Gate · USDT |
| 24 hours | -6.01% | -3.63% | -2.38 pp | 21/10/2026, 16:21 → 22/10/2026, 16:21 | Gate · USDT |

## Historical hourly baseline

| Metric | Value |
| --- | --- |
| Ready | true |
| Coverage | 100.0% (720/720) |
| Median absolute hourly return | 0.37% |
| 99th percentile of absolute hourly returns | 3.03% |
| BTC beta | 1.73 |
| Source / cutoff (UTC) | OKX · USDT / 21/10/2026, 16:21 |

## Claims and open questions

- Cointelegraph reported that six major blockchain organizations, including Chainlink and Cardano, urged the SEC to formally recognize digital commodities as non-securities in its proposed regulatory framework.
- What did the SEC say in response to the request, and does its proposed framework address the commodity-versus-security distinction directly?
- Which four blockchain organizations besides Chainlink and Cardano joined the push?

## Source evidence

- [Chainlink, Cardano, other blockchain groups push SEC for clearer crypto rules](<https://cointelegraph.com/news/chainlink-cardano-and-other-blockchain-groups-push-sec-for-clearer-crypto-rules>) — Cointelegraph; published 21/10/2026, 16:09; received 21/10/2026, 16:21 (UTC).


## Recent LINK events and market reactions

No other publication-ready LINK events yet.

- [Full coin archive](<https://whycoinmoves.com/en/coins/chainlink>)

## Recent Regulation events on other coins

- [TRUMP: Circle shareholder sues Trump, World Liberty and Witkoff over crypto deals](<https://whycoinmoves.com/en/events/official-trump-circle-shareholder-sues-trump-alleging-862838f014ce25>)
- [INJ: Injective and BDACS plan won-backed stablecoin for tokenized assets](<https://whycoinmoves.com/en/events/injective-protocol-injective-partners-bdacs-bring-korean-99648629700b06>)
- [BTC: Swiss regulator FINMA approves country's first retail bitcoin ETF](<https://whycoinmoves.com/en/events/bitcoin-swiss-regulator-finma-approves-country-6a9a84277c84c7>)
- [Regulation](<https://whycoinmoves.com/en/topics/regulation>)

## Research for this archive

- [Does crypto news move prices or follow them? A timestamp audit](<https://whycoinmoves.com/en/research/announcement-timestamps-and-causality.md>)
- [ONDO and RWA tokenization: does growth benefit token holders?](<https://whycoinmoves.com/en/research/ondo-rwa-growth-and-token-rights.md>)
- [Bitcoin institutional adoption: CME, spot ETFs and SPY correlation](<https://whycoinmoves.com/en/research/bitcoin-market-structure-and-institutional-access.md>)
- [XRP lawsuit and Ethereum ETFs: reading SEC filings and rulings](<https://whycoinmoves.com/en/research/regulatory-filings-versus-media-headlines.md>)

[Methods and limitations](<https://whycoinmoves.com/en/methodology>)
Publisher count is not independent evidence count. Price changes cannot verify news or prove causation.