🚨JUST IN: President Trump says: “The GENIUS ACT is being threatened and undermined by the banks, and that is unacceptable, We are not going to allow it.”
“Getting the Clarity Act done is the next step to finish the job.”
$RLUSD 🤝 #XRP
GOOD:
Thank you to Coinbase for speaking up when it comes to the Clarity Act.
Politicians are bought and paid for by the banks
Retail deserves a chance.
Banks have an issue with paying a few hundred $$$ in passive income, while they profit from YOUR IDLE DEPOSITS
Chairman @SECPaulSAtkins on today’s interpretation on crypto assets:
“After more than a decade of uncertainty, this interpretation will provide market participants with a clear understanding of how the Commission treats crypto assets under federal securities laws.”
🚨JUST IN: The @SECGov and @CFTC have issued joint, Commission-level interpretive guidance outlining how federal securities laws apply to certain crypto assets and transactions.
This follows a submission to OIRA earlier this month signaling the agencies’ intent, and was approved by all three SEC commissioners (Atkins, Peirce, Uyeda) as well as @ChairmanSelig.
The guidance establishes a token taxonomy and addresses how activities like staking, mining, airdrops, and wrapping are treated under existing law.
Notably, SEC Chair @SECPaulSAtkins says it reflects that most crypto assets are not themselves securities and that investment contracts can come to an end.
While interpretive guidance doesn’t change the law, it reflects how regulators intend to apply it, giving the market a clearer directional signal.
Separately, this is distinct from the SEC’s still-pending rulemaking on crypto asset offerings.
2026 might be the worst year for Crypto price action, but long-term sustainability and guidance from the SEC instead of enforcement by action is incredible to see
$AXAX $ADA $SOL $LINK $XRP and more are NOT securities!
In addition to providing greater clarity regarding the Commission’s treatment of crypto assets, today's interpretation complements Congressional efforts to codify a comprehensive crypto market structure framework into statute.
More details below. 👇
🚨@SECGov and @SECPaulSAtkins just dropped a legal interpretation for crypto assets that reflects many of the ideas in CLARITY. This is a great first step, time to build on it and pass CLARITY!!
After more than a decade of uncertainty, this interpretation will provide market participants with a clear understanding of how the SEC treats crypto assets under federal securities laws.
This is what regulatory agencies are supposed to do: draw clear lines in clear terms.
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.
TODAY 🚨: The Commission issued an interpretation that clarifies the application of federal securities laws to crypto assets.
This is a major step to provide greater clarity regarding the Commission’s treatment of crypto assets.
Read the release here: https://t.co/DDykVLHZQI
BREAKING: 🇺🇸 The SEC and CFTC issued a joint interpretation clarifying that "most crypto assets are not themselves securities," ending over a decade of regulatory uncertainty.
The guidance provides a coherent token taxonomy and addresses airdrops, staking, and wrapping.
SEC just issued critical guidance on how various crypto assets will be classified…
Not waiting on CLARITY Act.
“Most crypto assets are not themselves securities.”
This type of pro-crypto innovation stance from SEC would have been *unthinkable* 2yrs ago.
🚨 BIG WIN for crypto!
The SEC just dropped clarity we’ve waited years for: Most crypto assets are NOT securities.
Bitcoin, ETH, SOL, staking, airdrops, mining are all safe.
The “investment contract ends” once a network decentralizes. DeFi can finally breathe.
America is back as the crypto capital of the world!
Bullish as hell. 🌊 Happy St. Pat Day!
THE SEC JUST MADE IT SIMPLE FOR CRYPTO 🚨
The SEC just released new guidance explaining how crypto is classified -- and it’s a lot clearer now.
Here’s the simple version -- most crypto assets are NOT securities. They fall into categories like digital commodities, collectibles, tools, and payment stablecoins.
Only one type is considered a security: tokenized versions of traditional assets like stocks or bonds.
SEC Chair Paul Atkins said it himself -- the confusion is over, and the agency is no longer trying to regulate everything.
This matters because for years, nobody knew where the line was. Now there’s finally a clear framework and when the rules are clear, it’s easier for institutions, builders, and capital to come in.
The CLARITY Act must remain a pro-innovation piece of legislation. Attempts to hijack the legislative process and turn it into an anti-competition bill are shameful.