US SEC Approves Nasdaq Texas Rules for Crypto Commodities

Key Insights:

• US SEC approval puts crypto news in focus as BTC, ETH, SOL and XRP gain commodity recognition.
• Listed crypto trusts may hold up to 15% of NAV in non-qualifying assets.
• Nasdaq Texas rules now permit actively managed commodity-based crypto trusts.

Crypto news returned to U.S. regulatory focus after the US Securities and Exchange Commission (SEC) approved a Nasdaq Texas rule change. The order adds a formal definition of digital commodities to listing standards for commodity-based trust shares.

Bitcoin, Ether, Solana, and XRP appear to be digital commodities that meet the relevant criteria in the SEC order. The approval also gives qualifying crypto products greater flexibility in portfolio construction and management.

The decision came through US SEC Order No. 34-106268, which granted accelerated approval for Nasdaq Texas, LLC. The exchange amended Rule 5711(d), governing commodity-based trust shares listed on Nasdaq Texas.

The change in crypto news does not create a new federal commodity law or establish a broader statutory classification. Instead, it changes how the exchange can structure and list certain crypto-linked investment products.

US SEC Adds Digital Commodity Definition to Texas Rules