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SEC/CFTC Token Taxonomy -- March 2026
The March 2026 SEC/CFTC joint interpretive release established a five-category token taxonomy. Which category applies to your token determines your regulator, registration obligations, and compliance requirements.
Select your token's primary characteristic below to see which classification factors apply -- and why the answer requires fact-specific legal analysis.
Select the characteristic that best describes your token's primary value proposition. This tool surfaces the classification factors that determine your token's category -- and shows why the answer requires fact-specific analysis.
Dividends, profit shares, revenue distribution, or claims on assets
USD, EUR, gold, commodity basket, or algorithmic peg
Native token, gas token, staking token, or governance token
Membership, credential, ticket, access pass, or identity badge
NFT, digital art, collectible, or meme token
This tool identifies classification factors for educational purposes only. It does not provide legal advice or a definitive token classification. Token classification under the SEC/CFTC taxonomy is fact-specific and requires professional legal analysis. No attorney-client relationship is created by using this tool.
On March 17, 2026, the SEC and CFTC jointly issued a 68-page interpretive release (Release Nos. 33-11412, 34-105020) establishing a five-category classification framework for crypto tokens: digital commodities, digital collectibles, digital tools, stablecoins, and digital securities. This commission-level guidance supersedes the SEC's 2019 Framework and classified 16 tokens -- including Bitcoin, Ethereum, and Solana -- as digital commodities under CFTC jurisdiction.
For the full legal analysis of what this taxonomy means for your token, read our detailed article.
Read the Full AnalysisToken classification under the SEC/CFTC taxonomy is fact-specific. Our team combines former SEC enforcement experience with deep crypto regulatory expertise to provide definitive classification analyses for your token.
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