SEC and CFTC Classify Shiba Inu as Digital Commodity

Shiba Inu, the popular meme-inspired cryptocurrency, received a significant regulatory boost on March 17, 2026, when joint guidance from the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission classified it as a digital commodity rather than a security. The report reclassified 16 major cryptocurrencies, grouping Shiba Inu alongside established assets like Bitcoin, Ethereum, XRP, and Dogecoin. This development, shared by Shiba Inu executive Lucie, addresses long-standing uncertainties about the token's legal status and underscores its decentralized, community-driven structure.

The classification comes at a time of heightened volatility for Shiba Inu, which has traded around $0.000006 in recent sessions. The token gained more than 22 percent from March 9 to a local high of $0.00000644 before pulling back about 6 percent over the following 24 hours, according to market data from TradingView. Analysts described the decline as a healthy correction within a broader sustainable rally, with the price holding above key support near $0.00000574, the 23-day moving average. A stronger magnet lies at the 200-day moving average of $0.00000860, representing...