SEC–CFTC MOU Dated March 11 Classifies Most Decentralized Utility Tokens as Digital Commodities

A memorandum of understanding between the SEC and CFTC dated March 11 establishes a unified U.S. regulatory framework designating most decentralized utility tokens as digital commodities under CFTC oversight, ending prolonged regulatory uncertainty. For Chainlink, the framework is described as a structural boost, as its oracle network and CCIP are positioned at the core of real-world asset tokenization, with the MOU explicitly opening a pathway for bringing such assets on-chain. Clearer rules are expected to drive faster institutional adoption of LINK-powered infrastructure, though the token's price has not yet reacted amid broader macro headwinds and market fear.