MRBHEK

[Eleanor Terrett @EleanorTerrett]

🚨NEW: A few notable developments in crypto today:

📌 @Ondo partnered with @BlackRock to launch three onchain investment portfolios using strategies developed by the asset manager. For now, they’re available only to eligible investors outside the U.S.

📌 @ARKInvest is tokenizing its venture fund on Ethereum with @Securitize.

📌 The @FederalReserve proposed two new stablecoin rules under the GENIUS Act. One sets out reserve, capital, custody and risk management requirements for issuers it supervises. The other lays out how banks it oversees can apply to issue stablecoins.

📌 @CFTC staff clarified that registered derivatives firms can hold certain customer investments as tokens and use blockchain records to meet federal recordkeeping rules.

[Watcher.Guru @WatcherGuru]

JUST IN: Cathie Wood's ARK Invest launches tokenized venture fund on Ethereum that trades 24/7.

[Ondo Finance @Ondo]

Introducing Ondo Intelligent Portfolios, the first three portfolios powered by BlackRock.

Ondo Intelligent Portfolios introduces a new onchain product category: curated investment portfolios delivered as single onchain transferable tokens.

The first three portfolios are based on portfolio strategies developed by BlackRock for Ondo, marking the first time eligible onchain investors can access exposure to such strategies through a single token.

1. BLKHIon: Ondo High Income Powered by BlackRock

2. BLKDIGon: Ondo Diversified Growth Powered by BlackRock

3. BLKGRWon: Ondo High Growth Powered by BlackRock

Diversified, professionally constructed strategies have historically required brokerage accounts and traditional fund structures. Now, delivered as peer-to-peer transferable tokens from Ondo, these onchain portfolios become accessible to eligible non-US investors in permitted jurisdictions through the wallets, exchanges, and DeFi applications they already use.

“Tokenization creates new ways for portfolio strategies to be delivered through digital infrastructure. Diversified portfolio strategies can be incorporated into tokenized investment products, enabling eligible investors to access diversified allocations through a single instrument. It shows how established portfolio construction approaches can be delivered through new channels and technologies.” - Lisa O’Connor, Global Head of the Model Portfolio Solutions team and Co-CIO for Global Solutions within the Multi-Asset Strategies group at BlackRock

Ondo Intelligent Portfolios can unlock novel capabilities:

→ Programmatic rebalancing
→ Full composability with DeFi
→ Complete transparency onchain
→ Multiple asset classes in a single token

This is just the start for Ondo Intelligent Portfolios. The infrastructure is now in place for leading financial institutions to bring their asset allocation expertise onchain.

[Ondo Finance @Ondo]

@WatcherGuru Trillions will be tokenized.

[Watcher.Guru @WatcherGuru]

JUST IN: BlackRock partners with $ONDO to launch tokenized investment portfolios.

[Crypto Rover @cryptorover]

JUST IN: 🇺🇸 CFTC Chair Mike Selig says the agency is moving forward with crypto market structure rules using its existing authority.

CLARITY IS COMING!

[Watcher.Guru @WatcherGuru]

JUST IN: 🇺🇸 CFTC announces the agency is establishing "clear" crypto market structure rules.

"It's GO TIME"

[Senator Cynthia Lummis @SenLummis]

Democrats insisted the SEC keep full authority to police fraud and market manipulation in digital assets. We preserved it word for word.

Senate Democrats killed the bill that protects investors from fraud.

[Eleanor Terrett @EleanorTerrett]

🚨JUST IN: SEC Opens the Door to Wall Street Onchain With Innovation Exemption

The @SECGov has rolled out its long-awaited innovation exemption, providing a compliant pathway for tokenized U.S. equities to trade onchain.

All the details here. ⬇️

https://t.co/Jxo3ynkIK5

[U.S. Securities and Exchange Commission @SECGov]

🚨 TODAY: The SEC issued an order granting temporary, conditional exemptive relief to Tokenized Securities Venues from the definition of “exchange” in the Exchange Act to trade tokenized NMS stock using innovative permissioned automated market makers and liquidity pools.

[Brad Garlinghouse @bgarlinghouse]

1/ This one stings. Our team gave everything we had to get the Clarity Act across the finish line. So did most of the industry. This was an opportunity bigger than Ripple or one company - we did this for the industry, for consumers and to cement the US’s position as the crypto capital of the world and as a leader in the future of finance. Ultimately, consumers and U.S. competitiveness got left behind.

2/ A post mortem needs to be done on why this failed (more from me on that in the days ahead). The politics of the democrats (the anti-crypto army) was elevated over good policy.

3/ There is still reason for optimism for crypto in the United States. Now, the SEC, under Chair Atkins, and the CFTC, under Chair Selig, will continue to work hard to issue rules to fill the legislative gap and we will continue to be actively engaged in that rule making process.

4/ Ripple's business has never been stronger — real demand across traditional finance and the digital asset ecosystem. A missed vote in Washington doesn't change our momentum, our global footprint, or our customers.

[Watcher.Guru @WatcherGuru]

JUST IN: 🇺🇸 Senators who voted against advancing the Crypto Clarity Act:

Independents:

• Angus King
• Bernie Sanders

Republicans:

• Thom Tillis
• Jerry Moran
• Josh Hawley
• Susan Collins

Democrats:

• Andy Kim
• Tim Kaine
• Jack Reed
• Mark Kelly
• Ed Markey
• Tina Smith
• Jon Ossoff
• Alex Padilla
• Ron Wyden
• Dick Durbin
• Gary Peters
• Peter Welch
• Jeff Merkley
• Cory Booker
• Jacky Rosen
• Adam Schiff
• Brian Schatz
• Patty Murray
• Mark Warner
• Elissa Slotkin
• Mazie Hirono
• Chris Murphy
• Ben Ray Luján
• Ruben Gallego
• Maria Cantwell
• Maggie Hassan
• Amy Klobuchar
• Martin Heinrich
• John Fetterman
• Tammy Baldwin
• Michael Bennet
• Chuck Schumer
• Jeanne Shaheen
• Chris Van Hollen
• Elizabeth Warren
• Kirsten Gillibrand
• Raphael Warnock
• John Hickenlooper
• Tammy Duckworth
• Richard Blumenthal
• Lisa Blunt Rochester
• Sheldon Whitehouse
• Catherine Cortez Masto

[Senator Cynthia Lummis @SenLummis]

This afternoon, Senate Democrats proved they were never truly serious about protecting consumers and preserving American leadership. I sat at the table with Senate Democrats working in good faith to get this done while they played games.

For over a year, they presented demands and the second we met them, they made new demands and moved the goal posts. Today they voted against real limitations on politicians’ personal crypto investments. They voted against protecting American consumers from the scammers and fraudsters this bill would have shut down. They voted against American leadership, and handed China and every one of our foreign competitors exactly what they wanted. Democrats chose politics over the American people—again. That’s not leadership on their part, that’s surrender to their radical, socialist base.

The once-proud Democratic party is anti-consumer and pro-illicit finance, anti-ethics, anti-free enterprise, anti-worker, anti-livable wage jobs, and pro-socialism. The Democrats are now anti-American. Sad!

[Wendy O @CryptoWendyO]

BREAKING NOW THAT CLARITY HAS FAILED

-No retail protection from crypto exchanges shutting down
-Yield on stablecoins allowed
-Federal officers can partake in crypto, including the president
-Law engorcement cant do their job

It's literally crime season, and we will print

[Ripple @Ripple]

Today, the Clarity Act failed to advance in the Senate, a tremendous missed opportunity for American consumers, the digital asset industry, and U.S. competitiveness.

What it doesn't change: Ripple and $XRP stand on settled ground.

The Clarity Act may have fallen short, but the need for clear rules has not gone away. And neither has Ripple's commitment to helping build them. https://t.co/p4jb3YeJts

[MetaLawMan @MetaLawMan]

The incumbent Democrat Senators who: (a) opposed the Clarity Act; and (b) are running for re-election THIS YEAR are:

Markey (Mass.)
Hickenlooper (Colorado)
Coons (Delaware)
Ossoff (Georgia)
Booker (NJ)
Lujan (NM)
Merkley (Oregon)
Reed (Rhode Island)
Warner (Virginia)

[Michael Saylor @saylor]

The only clarity you need is Bitcoin.

[MRBHEK @MRBHEK]

@JohnEDeaton1 Well said!

[John E Deaton @JohnEDeaton1]

https://t.co/BDZozeS1Ix

[Watcher.Guru @WatcherGuru]

JUST IN: 🇺🇸 House Financial Services Committee to vote on advancing the Strategic Bitcoin Reserve bill this Wednesday.