In my first public remarks as @CFTC Chairman, I made clear that the agency would use the tools at its disposal to onshore crypto asset perpetuals. Today, the @CFTC delivered on that commitment.
This morning, the @CFTC took historic action to permit the listing of a true bitcoin perpetual contract by a CFTC-registered exchange, charting a path for one of the most liquid segments of the crypto asset markets to exist within the US regulatory framework.
For SNR reserves, we are have meetings with the big four accounting firm including Grant Thornton.
Our first meeting is with Deloitte on Friday. We have also employed our first ICAN certified Accountant to lead SMC finance and treasury department.
All 40,348,396 of SNR supply is fully backed and soon enough, we will begin on/off ramp operations with a few partners and exchanges.
Tutorial hell is a polite word for hiding.
I opened Claude this morning and shipped the rough version of something I'd been "planning" for weeks.
The refined version only shows up after the rough one does.
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The people dismissing crypto in 2026 sound exactly like the people dismissing the internet in 1999.
You don't have to go all in.
But ignoring it entirely might be the riskiest move of all.
What's your take? Bull or bear from here?
The SEC just officially called Bitcoin, ETH, SOL, XRP, DOGE & 11 others "digital commodities."
Not securities.
After years of uncertainty, the rules just changed.
🧵 Here's what's happening in crypto right now:
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To recap what just happened in March 2026:
✅ SEC classifies 16 tokens as commodities ✅ 20M BTC mined — 1M left forever ✅ Morgan Stanley spot BTC ETF filed ✅ Nasdaq tokenized equities approved ✅ $2.2B FTX repayments started ✅ RWA market hits $26B
Quiet month? Not even close.
BREAKING: The United States Just Ended the Offshore Crypto Era
December 4, 2025.
The CFTC has authorized spot Bitcoin and cryptocurrency trading on federally regulated exchanges for the first time in American history.
Read that again.
For fifteen years, the agency refused to provide regulatory clarity. Americans were forced offshore. They traded on platforms with no customer protections. FTX collapsed. Billions vanished. Retail investors were decimated.
That era is over.
Acting Chairman Caroline Pham invoked existing Commodity Exchange Act authority requiring leveraged retail commodity trading occur only on futures exchanges. No new legislation. No Congressional delay. Immediate implementation.
Bitnomial goes live December 9. Leveraged spot. Perpetuals. Futures. Options. Portfolio margining. One venue. Full federal oversight.
The structural implications are staggering.
Cross margining between spot and derivatives could compress capital requirements by 30 to 50 percent. Institutional barriers dissolve overnight. Pension funds. Banks. Sovereign wealth. All now have compliant access to spot crypto on platforms that have operated as the gold standard for nearly a century.
Pham stated the goal explicitly: Make America the crypto capital of the world.
This is not rhetoric. This is infrastructure.
The SEC and CFTC issued joint guidance in September. The President’s Working Group on Digital Asset Markets provided the roadmap. Tokenized collateral including stablecoins is next. Blockchain settlement frameworks are in development.
Watch for Bitnomial volumes exceeding one billion monthly by Q1 2026. Watch for CME integration announcements. Watch for offshore exchange user migration accelerating through H1.
The question is no longer whether America leads digital asset markets.
The question is how fast capital repositions.
Fifteen years of regulatory ambiguity.
Resolved in one announcement.
The new financial architecture has begun.
Deeply grateful for today’s pardon and to President Trump for upholding America’s commitment to fairness, innovation, and justice.
🙏🙏🙏🙏
Will do everything we can to help make America the Capital of Crypto and advance web3 worldwide.
(Still in flight, more posts to come.)
Onwards. 💪
This is my prayer for you: Ephesians 1:17-18 NIV
[17] I keep asking that the God of our Lord Jesus Christ, the glorious Father, may give you the Spirit of wisdom and revelation, so that you may know him better. [18] I pray that the eyes of your heart may be enlightened in order that you may know the hope to which he has called you, the riches of his glorious inheritance in his holy people... AMEN
https://t.co/0WApj9EUQU
23 investors have already committed $400,000 to SMC Bank.
The 24th investor will be us, with our $30,000 scarifice.
Official negotiations for the bank’s purchase has begun, with contracts being drafted for our investors.
After which share allocation will proceed.