Collectible NFTs get SEC/CFTC non-securities clarity as U.S. CLARITY Act faces Senate pushback

Collectible NFTs are in focus as the SEC and CFTC’s joint token taxonomy formally classifies “digital collectibles” as non-securities, giving regulatory clarity for NFTs as the market shifts toward curated digital art collections. The article says the SEC/CFTC memorandum of understanding and the subsequent joint interpretive release created a formal five-part token taxonomy and explicitly confirmed that NFTs are not a security. It also links this environment to a broader trend away from the 2021 speculative frenzy toward more consolidated, high-end NFT art. At the policy level, the U.S. “Digital Asset Market Clarity Act” (CLARITY Act) has been placed on the Senate Legislative Calendar, but immediate passage is facing resistance. Prediction market odds on Polymarket for passage are reported at about 47–48%, down from above 74%, with limited remaining session days before the August recess. Cultural adoption is also highlighted: U.S. museums are expanding digital art preservation efforts. The Museum of Art + Light unveiled a permanent collection with more than 40 works across 15 artists, including blockchain-native and AI-assisted pieces. Separately, the National Lighthouse Museum launched a “Statue of Liberty Art Show” as part of the America’s 250th anniversary celebrations, featuring artists such as Hunt Slonem and Selva Ozelli. For traders, the core takeaway is that collectible NFTs receive stronger regulatory footing, but legislative momentum on broader U.S. crypto rules remains uncertain—an often price-sensitive mix for NFT and broader digital-asset risk appetite.