SEC reclassifies tokens as commodities: what changes to XRP, Ethereum and altcoins in Brazil

SEC abandons legal battle and reclassifies tokens as commodities

A The United States Securities Commission (SEC)After years of legal battles that classified tokens as securities, the agency stated that most of the major cryptocurrencies, includingEthereum, Solana, Cardano, Dogecoin, Avalanche, XRP and ChainlinkThey will be treated asThe digital commodities.

This movement, considered aTurn of 180 degrees, was interpreted as an attempt to bring more regulatory clarity to the industry, especially in the face of pressure from companies and investors for more predictable rules. The decision was announced after an official statement from the SEC, which included a list of tokens that are now out of the scope of regulation such as securities, as long as they are not linked to projects with promises of financial return to investors — a typical feature of securities.

What will change for Brazilian investors?

For the cryptocurrency market in Brazil, this reclassification may haveIndirect but significant impactsAlthough the SEC is a U.S. agency, its decisions globally influence the perception of risk and regulation of digital assets.With this change, major international exchanges such as Coinbase will be able to list more easily tokens previously considered high-risk, which can increase the number of tokens.Liquidity and Adoptioncryptocurrencies in the Brazilian market.

Furthermore, the reclassification can facilitate the entry ofBrazilian institutional investorsInvestment funds and local managers will be able to revise their cryptocurrency allocation policies, now with a clearer regulatory framework in the U.S. — a standard often followed by other countries.

Another important point is theXRPRipple’s currency, which faced a two-year legal battle, now has a more defined path to operate without the shadow of a possible ban in the U.S. This can boost trust in the asset, which is already one of the most traded in Brazil, especially in brokers like Binance and the Bitcoin Market.

Regulation in Brazil and the reflection of the American decision

In Brazil, aThe Securities Commission (CVM)It has not yet officially positioned itself on classifying cryptocurrencies as commodities or securities. However, the SEC decision reinforces the argument thatUtility tokens (such as Ethereum and Solana)They should not be treated as securities, a line that CVM seems to be aligned with, according to experts listened to by the market.

A The Federal RecipeIt has been considering cryptocurrencies as financial assets since 2019, which facilitates taxation in the country.Now, with the SEC giving more clarity, the discussion on aSpecific regulations for cryptocurrenciesProjects such as PL 4.401/2021, which deals in the House of Representatives, can be influenced by these international changes, especially if Brazil wants to attract more investment in blockchain and DeFi (decentralized finance).

for themBrazilian investors, the SEC reclassification is a sign that the industry is maturing in the U.S., which can reduce volatility at times of regulatory uncertainty. However, it is important to remember that the SEC can still act if it considers that a specific token is being used fraudulently or as an unregistered collective investment.

Impact on altcoins market: XRP and Ethereum lead recovery

The news about the SEC’s reclassification had an immediate impact on the prices of various altcoins.XRPFor example, it increased more than15% in the first 24 hoursAfter the announcement, recovering part of the losses accumulated during years of legal battle.R$ 4.50In some Brazilian exchanges, a level not seen since mid-2022.

O and Ethereum (ETH), the second largest cryptocurrency in market capitalization, also recorded a rise of about8%After months of low volatility, Solana (SOL) and Cardano (ADA) followed the same move, with valuations higher than10%Analysts attribute this to theReduction of regulatory uncertaintyHistorically, it has pressured the industry.

However, not all tokens were benefited. Some small projects, which relied on classifications such as securities to raise capital in the U.S., may face difficulties.Profit promises (such as staking or liquidity pool)They can still be considered securities, which directly affects some DeFi protocols.

What to wait now?

The reclassification of the SEC is only the beginning of a possibleA new era for cryptocurrenciesIn the coming months, the agency is likely to publish more detailed guidelines, especially on how to differentiate a commodity token from a security.Modern and clear regulationInnovation and investor protection.

Brazilian investors should pay attention to two main points:

• The International Exchange:With the reduction of regulatory risks in the U.S., large brokers can expand their operations in Brazil by offering more trading options for altcoins such as XRP, SOL and ADA.
• The Local Regulation:CVM and the central bank could speed up discussions on a specific cryptocurrency law, which could attract more institutional capital.

For now, the market reacts with cautious optimism.While the reclassification of the SEC brings relief, experts recall thatNo regulation is immune to change.For the Brazilian investor, the tip is to maintain diversification and closely monitor updates in both Brazil and the US, where the rules are still being written.