THEY DID IT.
The SEC and CFTC just dropped a landmark document that officially classifies crypto assets.
They're actually telling us which crypto assets are securities and which ones aren't - by name!
THIS IS SOMETHING GENSLER REFUSED TO DO
(he focused on prosecuting crypto out of existence)
This rule doc gives crypto many of the benefits of the clarity bill - it lifts us out of the gray market - it gives every asset a path.
It's almost like the Clarity act just passed by way of regulator.
(of course, the actual clarity act will harden all this into legislation and make it irreversible in the event we get another Gensler, we still want it)
This rule says there's 5 categories for crypto assets:
1) Digital Commodities - assets tied to a functional, decentralized crypto system (e.g., BTC, ETH, SOL, XRP, ADA, DOGE). Not securities. (yes, they name them on page 14)
2) Digital Collectibles - NFTs, meme coins, artwork tokens, in-game items. Not securities (fractionalized collectibles may be an exception).
3) Digital Tools - membership tokens, credentials, domain names (e.g., ENS). Not securities.
4) Stablecoins - payment stablecoins under the GENIUS Act are not securities. Other stablecoins, it depends.
5) Digital Securities - tokenized versions of traditional securities. Like tokenized stocks. Always securities.
Amazing! This makes so much sense I can't believe it's coming from a regulator.
No more enforcement threats to Ethereum developers and crypto exchanges.
How about the Howey test?
More common sense! If an issuer makes specific promises of managerial efforts from which buyers expect profits, the offering is a security until those promises are fulfilled. Then it's a commodity. The asset itself was never the security, the deal around it was. (E.g. XRP was a security pre launch, became a commodity after).
How about stuff like staking and mining?
Mining? Not a securities transaction.
Staking? Also not a securities transaction, that includes custodial and liquid staking even with LSTs!
How about wrapping BTC? Not a securities transaction.
Airdrops? NOT SECURITIES. NO MORE GEO BANS PROTECTING AMERICANS from free airdrops.
Remember this is a joint doc from the SEC and CFTC, They're actually cooperating on this, no internal strife, this is binding to both.
SEC regulates $80-100 trillion assets
CFTC regulates $5-10 trillion assets
Both of the world's largest capital markets are showing us that crypto assets are here to stay and they're welcome alongside traditional assets.
Every country will follow.
This is the biggest move toward legitimacy I've seen in all my time in crypto. Maybe bigger than the genius act since is covers all crypto assets.
Well done @MichaelSelig and @SECPaulSAtkins.
And especially well done to the indefatigable @HesterPeirce. Her fingerprints are all over this, couldn't have happened without her eight years of principles-based curiosity.
Tony discussed his blueprint for thriving in the AI era. It's about mastering three skills that make you irreplaceable:
1) PATTERN RECOGNITION - See what's coming before others do
2) PATTERN UTILIZATION - Turn patterns into power
3) PATTERN CREATION - Become the one creating something never seen before.
The $LAUNCHCOIN → $BELIEVE upgrade period ends in less than a week, on October 29.
Over 50% of holders have already upgraded.
Anyone still holding $LAUNCHCOIN as of October 29 will be able to claim $BELIEVE on our website during the final claim period. Based on community feedback, we are extending the final claim period from two weeks to four weeks, closing on November 26.
Gmet
After hours of brainstorming with passionate folks across the space (friends, @met_lparmy, @thegoosedao, etc.), I’ve finally made my decision regarding the $MET TGE.
I’ve decided to opt in for the NFT and secure a DAMM position from the very first block with most of my wallets — I’ll monitor fees closely to decide when to exit the pool.
I’ll also deploy most of my $SOL in a MET–SOL DLMM bid-ask, using a wide range to catch any substantial dip and position for @MeteoraAG's long-term growth.
I’m not recommending any specific option — honestly, no one can truly predict which one will turn out best.
You can find the reasoning behind my choice in the image below.
That said (and without going too deep into details — I still want to keep a small edge with my smaller wallets 😅), keep in mind there are other valid strategies worth exploring:
- Hedge your airdrop using prediction markets like @pmx_trade or @Polymarket
- Hedge via pre-market perpetuals on @HyperliquidX
- Explore alternative setups, e.g. DAMM or DLMM MET–SOL, where you’ll face less TVL competition — though you might miss out on the huge early-block volume
As always, curious to hear your feedback, thoughts, and your own plans for the launch!
Gmet
As always, I want to be fully transparent — so I’d like to share my honest thoughts on @MeteoraAG, and more specifically on the $MET tokenomics released yesterday.
I’ve taken the time to think things through calmly, and if I’m writing this today, it’s because I’m genuinely touched and concerned, precisely because I deeply believe in @MeteoraAG and want it to become the long-term success story it truly deserves to be.
⚡️Major Projects Going Live Soon
Over the next few weeks, several major projects, including World Liberty Financial, Plasma, Somnia, and Portal, will enter the market.
$WLFI #WLFI $XPL #XPL $LINEA $SOMI $PTB $BARD
All LXP-L and LAM tokens have now been minted and dropped to eligible addresses.
Onchain LXP-L is not 1:1 with OBL dashboard, but this is not a concern.
Stay tuned for more updates regarding the LINEA Airdrop and TGE.
When the Checker goes live, it will only be available on: https://t.co/i8vKwfayLc
Dynamic Positions is live — unlocking positions across 1,400 bins.
20x cheaper. 20x more bins. 1-Position.
There is no better time to learn how to DLMM.
🔥Important update about @LineaBuild
🕵️Team answer some important questions
👇Summary
🪙TGE User Airdrop - 9%
🪙This is only for $LXP holdrrs
❌LXP-L is not included in this 9%
❌No @KaitoAI rewards
❌No Binance Alpha
❌No CEX liquidity from this 9%
❌No team
❌No VCs
💯This 9% is fully dedicated for LXP
📝Eligiblelity will include minimum LXP threshold & some multipliers
🤔What about LXP-L?
🪂LXP-L included in the 75% ecosystem Fund
🤔Why TGE supply 22%, what's other 12% for?
💱exchange liquidity, market makers, etc
👀So only sell pressure on TGE is from LXP holders
👇LXP Stats
🪙Total LXP - 2.6B
🪙POH LXP - 1.8B
🪙 $LINEA for LXP - 6.48B
🤔Let's assume after filtering users final LXP - 1.5B
🔢So 1 LXP = 4.32 $LINEA
💰At 5B FDV
💵 $LINEA = $0.069
💱So 1 $LXP = $0.29
💱1000 $LXP = $298
💱2000 $LXP = $569
💱3000 $LXP = $894
💱4000 $LXP = $1192
💱5000 $LXP = $1490
⚠️Above is if 5B FDV
⚠️If list at 2.5B FDV, it will be half
⚠️If list at 10B FDV, it will be double
👀What do u think will be the listing FDV of Linea?
💙Like
🔁RT
LIVE NOW -- Base Just Launched Crypto's Everything App | Jesse Pollak
The internet is broken for creators, and Base thinks it has the fix.
@jessepollak joins Bankless to unveil the @base app, a crypto-powered everything app where posts earn, creators own, and mini apps go viral. From meme coins to market-based social media, this might be the start of a new onchain economy.
[TIMESTAMPS]
0:00 Intro
1:04 The Vision of BASE
3:11 The Everything App
6:10 The Future for Creators
10:13 Earning Through Engagement
14:29 Crafting the Perfect Content
20:54 The Rise of Mini Apps
23:59 Monetization and the Free Market
25:52 Addressing Creator Concerns
29:23 Closing Thoughts on BASE