US SEC Approves Nasdaq Texas Digital Commodity Rules
The SEC has approved Nasdaq Texas rules allowing commodity trusts to hold up to 15% in non-qualifying assets and operate actively, a framework that cites BTC, ETH, SOL, and XRP in a worked example. This accelerated approval, which mirrors recent changes on the main Nasdaq venue, operates independently of the broader CLARITY Act legislative review expected later this month, with GN markets/commodities (en-US) clarifying that no specific products have been authorized to trade yet.
GN markets/commodities (en-US) confirms that the SEC's approval, cited in Order No. 34-106268, explicitly removes the passive-management mandate for commodity trusts, enabling active management structures on Nasdaq Texas. The source also notes that while the rulebook change is effective, specific product launches require separate authorizations and remain unconfirmed in the current record.
Source: GN markets/commodities (en-US)GN markets/commodities (en-US) confirms that the SEC order, numbered 34-106268, grants accelerated approval for the rule change while explicitly noting that the action does not create new federal commodity laws or alter the statutory classification of digital assets. The report also highlights that this regulatory move precedes the anticipated Senate review of the CLARITY Act scheduled for September 15.
Source: GN markets/commodities (en-US)According to GN markets/crypto (en-US), analysts clarify that the SEC order does not create new federal commodity status for the four assets, as they were already eligible under existing tests and merely served as an example for the new 15% non-qualifying asset buffer.
Source: GN markets/crypto (en-US)According to reporting from GN markets/commodities (en-US), the SEC’s order explicitly cites Bitcoin, Ether, Solana, and XRP as meeting the new digital commodity criteria, while also noting that this move precedes a scheduled Senate review of the CLARITY Act on September 15.
Source: GN markets/commodities (en-US)The SEC has approved a Nasdaq Texas rule change allowing listed crypto trusts to hold up to 15% of their net asset value in non-qualifying assets.
Source: GN markets/crypto (en-US)
