SEC Designates Solana, Bitcoin, Ethereum as Digital Commodities Under New Crypto Framework

The U.S. Securities and Exchange Commission has classified Solana (SOL) as a digital commodity alongside Bitcoin, Ethereum, XRP, Cardano and Avalanche under its new "Project Crypto" framework, the agency announced. The SEC said these assets derive value from decentralized protocols rather than a central issuer and are not treated as securities, though tokenized versions of traditional financial instruments may still fall under securities rules if their ecosystems change. CFTC Chairman Michael S. Selig said the coordinated regulatory move signals a push toward more consistent oversight of digital assets. Solana is trading at $89.22, down 4.97% over 24 hours but up 3.90% over the past week, with a circulating supply of 570 million tokens and a market cap of about $51 billion, while analyst Ali Martinez points to a support zone between $85.55 and $82.60 based on roughly 76 million SOL changing hands in the last 38 days and indicates a potential path toward the $100 and $115 levels.