Making Fassets safer, by introducing stables as collateral, and more capital efficient, by introducing the core vault, massively improved Flare as a product but substantially reduced the role of FLR in the ecosystem.
The upcoming Governance proposal FUNDAMENTALLY RELINKS FLR token economics to current and expanding usage of the ecosystem.
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.
DeFi has ~$94B locked. Less than 2% is insured.
The fix: insurance that’s programmable, composable, and built to learn.
@Firelightfi built that. @FlareNetworks' infrastructure makes it possible.
The full piece is a must read.
New xApp in @XamanWallet: Flare XRPFi Yield!
$XRP yield. One wallet. One signing flow.
Your keys. Your wallet in control.
Built by @FlareNetworks. Accessible through Xaman.
Read all the details: https://t.co/VVUtFHyMgb
AI agents are already moving money — unverified and unaccountable.
Today, we’re announcing our $5M seed round to build the trust layer for the agentic economy.
Led by Anagram, PL Capital, and Franklin Templeton, with strategic investment from Ripple.
https://t.co/VtmPxJycVX
AI agents moving money unverified? Not anymore.
@t54ai just raised $5M seed (led by Franklin Templeton + strategic from @Ripple) to build the trust layer for the agentic economy.
Claw Credit lending + XRPL/XRP rails incoming.
$stXRP: a liquid staking token, with a 1:1 exchange rate with FXRP that can be used immediately across the Flare DeFi ecosystem. @FlareNetworks@Firelightfi 🔥🌞
The scary reality here is that you have to fully trust the code, the creators, those with access to the code, the build process, the app store submission process, and their skill, internal procedures, vigilance and security awareness, etc.
Audits help. Experience is mandatory. Knowing a lot about a lot. Being able to attack it to be able to properly defend it.
A wallet is as secure and reliable as the people working on it!
We are not selling a self custody wallet. We are selling trust. Our primary product is trust.
And trust can't be bought. Trust can't be fast tracked. Trust has to be built over years and years of stewardship and display of effort, skill and transparency. And trust can be destroyed in seconds.
Building and using self custody products isn't for the faint hearted. But it's what we're good at. It's what we do best 💪
> be Dutch anon
> buy 100 shares of a tech company with my life savings
> stock goes up because the CEO tweeted a frog meme
> haven't sold a single share, still eating mayo on bread for dinner
> government appears out of the canals like a swamp monster
> "GEKOLONISEERD. THAT'S 36% OF YOUR IMAGINARY PROFIT, MENEER."
> explain that I literally don't have the cash because I haven't sold anything
> "SELL THE STOCK TO PAY THE TAX ON THE STOCK YOU'RE HOLDING"
> forced to sell 40% of my position just to pay for the privilege of owning the other 60%
> stock crashes 50% the next morning
> I now owe the tax office more than my entire portfolio is worth
> have to sell my bicycle and my wooden shoes to cover the debt
> government uses the money to build a slightly taller levee to protect a pile of dirt
> cycle to work in a rainstorm while a tax collector checks the appreciation value of my raincoat
> "unrealized gains" more like "realized poverty"
> mfw I’m being taxed on the vibes of future wealth