SEC and CFTC issue 68-page crypto guidance; Bitcoin slides to $69,370

On March 17, the SEC and CFTC published a 68-page guidance that for the first time classifies most crypto assets as non-securities, naming 16 tokens—including Bitcoin, Ethereum, Solana, and XRP—as digital commodities. Despite the regulatory clarity, Bitcoin fell to $69,370 as macro pressure, stalled U.S. legislation, and reported whale selling weighed on sentiment.