Digital RoomThe global blockchain industry trade association has officially responded to the recently published joint interpretive statement. US Securities and Exchange Commission (SEC) And Commodity Futures Trading Commission (CFTC). In a detailed comment letter sent Monday, the organization outlined targeted recommendations aimed at improving how federal securities regulations apply to digital assets and blockchain-based products. transactions.
The presentation underlines the industry’s desire for a more practical and predictable solution regulator An environment that better reflects real-world market dynamics. At the heart of the Chamber’s feedback is the push for greater transparency around the concept of “investment contract”.
1/ We sent a comment letter on Monday. @SECGov And @CFTC. We responded to the common interpretation of the federal securities laws and its impact on certain crypto assets and transactions. 🧵⬇️ pic.twitter.com/L3OjNLqdQc
— Digital Chamber (@DigitalChamber) April 30, 2026
The group argues that expanding and clarifying the boundaries of this legal test would help align the framework of institutions with the consistent, market-oriented standards that participants urgently need.
By doing this, editors It can reduce uncertainty and foster continued innovation in the digital asset space without compromising investor protections.
A key area of ​​concern is certainty for independent market players and token issuers.
Third-party buyers and traders need clear and objective criteria to determine whether a particular token qualifies as part of a deal. investment agreement.
Similarly, issuers need reliable ways to verify when such a contract has expired; this is due to the full fulfillment of the original promises or the obvious abandonment of these promises.
Without this assurance, ongoing compliance becomes unnecessarily complex and risks hindering legitimate activities. The letter also touches on the challenges faced by decentralized protocols.
while SEC Although he has offered an objective definition of centralization, his assessment of the distinction between issuers and networks is often based on subjective judgment.
The Chamber calls for clear guidance on how these two approaches should interact when they appear contradictory, to ensure that protocols can operate safely under a single, consistent standard.
Post-sales communications represent another critical gap identified in the current commentary.
Routine updates on network development and progress are common in the blockchain ecosystem, but the guidance does not clearly distinguish these from disclosures that could stimulate issuers’ or backers’ expectations of managerial effort.
The Digital Chamber proposes creating a regulatory safe harbor to protect ordinary, transparent communications while also guarding against renewed dependencies that could re-trigger securities liabilities.
In closing, the organization praised both the SEC and CFTC for their continued commitment to creating a transparent and enforceable regulatory structure for the United States. digital asset industry.
The full text of the comment letter is now publicly available. SECComment portal providing stakeholders with detailed information on the industry’s perspective and proposed improvements.
This presentation comes at a crucial time as regulators and market participants continue to shape the future. crypto- surveillance. By focusing on practical improvements rather than broad opposition, the Digital Chamber aims to support a balanced framework that promotes responsible growth, protects investors and positions the market. United States As a key player in blockchain and digital assets innovation.
