The US classifies BTC, ETH, SOL, ADA, DOT, LINK, DOGE, LTC, XRP, HBAR, and SHIB as "Digital Commodities" (digital commodities), not securities.

The core logic behind this is that the value of these assets derives from the decentralized system's own operation + market supply and demand, rather than relying on team hype, expectation management, or passive dividend rights.

One-sentence summary: Truly decentralized native coins = commodities; centralized tokens backed by narratives/teams will likely be targeted as securities.

This means that in the future, a large number of altcoins and shitcoins not on this list will have a low ceiling, because it's difficult for incremental funds at scale to flow into altcoins labeled as "securities." Conversely, in the long term this is a major positive for $BTC and $ETH. The clearer the regulation, the faster capital will accelerate back to large-cap assets.

However, it's important to remind everyone that what was mentioned above is only to help you understand the long-term development prospects of these assets. The crypto market's bear market is currently still ongoing... #美联储利率决议 $BTC ‌$ETH