THE SEC PROVIDES HUGE GUIDANCE ON CRYPTO WHICH WILL BOOST ADOPTION!

the SEC today. They provided further guidance on securities laws as it relates to crypto assets. And even though we don't have the Clarity Act past as yet, the agencies, the SEC and the CFTC are providing guidance and this is going to help move things along with adoption and allow more institutions to come into the market to build

invest in much more so. They put out a release titled SEC Clarifies the Application of Federal Securities Laws to Crypto Assets, and Chairman Paul Atkins of the SEC, he was at the DC Blockchain Summit to and he gave some statements. I'll share that with you, but let me give you some more details here. So 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. So SEC Chair Paul Atkins tweeted out the following regarding the announcement, saying, 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 terms. Now, let me play a clip of him speaking at the DC Blockchain Summit today, which is hosted by the Digital Chamber.

Our interpretation, which is grounded in existing law and informed by extensive public input, establishes four asset categories that are not deemed to be securities, so digital commodities, digital collectibles, digital tools, and payment stable coins under the Genius Act with these categories in place. The interpretation then clarifies that only one crypto asset class remains subject to securities laws, namely digital securities, which are traditional securities that are tokenized.

This distinction returns the SEC to its core mission and statutory authority of protecting investors involved in securities transactions. We're not the Security is an everything commission anymore.

collaborating on these things. Recently, I reported about Mike sea Leg chair of the CFTC, and Paul Atkins sitting down together shaking hands. They're talking, Mike collaborating. So this is really really awesome. Now here's what folks in the industry are saying. First up, Stuart Alderoady, Ripple's chief legal officer. He said, we always knew XRP wasn't a security, and now the SEC has made clear what it is a

digital commodity. Grateful to the Crypto Task Force for working to deliver the clarity that markets, investors, and innovators have long deserved. Nature Raci, who's been a frequent guest on the podcast, said SEC just issued critical guidance on how various crypto assets will be classified, not waiting on the claritiac. Most crypto assets are not themselves securities. This is a quote from the guidance the SEC provided. Nate adds, this type of procrypto innovation stance from the SEC would have

been unthinkable two years ago. So of course Gary Ginster was not going to provide anything like this. In fact, he was trying to stifle the industry so his buddies can catch up and they can control it, right talking about his Wall Street traad five buddies. So guys, this is so awesome. This is so great, and I think this is going to lead to more adoption because again, if you think about it, you certainly need the claritiac. But the actual people who need to provide the guidance

and enforce it are the agencies. The fact that the agencies are going ahead and getting this done while the Clarity Act is still being sorted out in the Senate. Is really great. So they're getting ahead of the curve here. And I really really love what's happening. And I'm going to try to get SEC Chair Paul Atkins on the podcast to talk about this because this is all great. Now,

speaking of agencies, the popular Salona wallet Phantom wins the CFDC NOD to access regulated derivatives markets. So these agencies are providing guidance. They are giving out approvals on what the infrastructure companies like Wallace and Exchanges can do and much more. So let me give you some details here.

The CFTC said it won't pursue an enforcement against the Phantom wallet for acting as a non custodial interface connecting users to registered derivatives platforms, removing the need for broker registration under specific conditions. Phantom calls the relief first of its kind, enabling in app access to regulated derivatives and event contracts while signaling a potential regulatory template for other crypto wallet providers. So I think this is spot on.

I think this could be further guidance that the CFTC provides and really great to see these things. Guys, this is awesome. I'm really really excited about it because you know, I was feeling a bit upset about the CLARITYAC situation. But the fact that these agencies are moving ahead is really really great. And you know, it calls back to what Austin Campbell, who I interviewed not too long ago, and many of you, I think really appreciated that interview.

He said, it really comes down to the agencies, the regulatory agencies, and I think this is a clear example that it matters what they do, not so much that the Clarity Act has passed or not passed. Yes, you need the Clarity Act pass because it just makes everything official and it's rubber stamped and signed into law. Right, but the agencies themselves have to act. But guys, it's a new day and things are moving in the right direction, folks.

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are looking to acquire stable coin infrastructure company bv NK for up to one point eight billion dollars. So the deal would add on chain payment rails for stable coins, token i deposits, and tokenize assets across one hundred and thirty plus countries to Mastercard's existing network. MasterCard has been doing a lot, if you guys recall most recently they launched their Crypto Partner program right that was just last week, where they're bringing crypto and banking companies together. So they're

not playing around folks. Look at I mean, this is a huge acquisition, right. Do you think they're a bearish on blockchain technology? Do you think they see blockchain technology as a fad? Of course not. I think everybody recognizes this is how the markets, the economies, and governments will all function they're going to be running on blockchain rails. So again, MasterCard agreed to buy the UK based stable coin infrastructure firm BVNK for as much as one point

eight billion dollars. The deal is intended to link on chain stable coin payments with MasterCards global network for cross border transfers, remittances and business the business transactions. The acquisition, which follows failed talks between b and Coinbase, underscores MasterCards broader push into digital assets amid rising stable coin payment volumes, and is expected to close by year end, pending regulatory approvals. Now, many of you may recall I interviewed MasterCards head of

Crypto last year. I hope to have him back on soon to talk about all these great initiatives in this upcoming acquisition and talk about their updated strategy because it's amazing what's happening. And of course their competitors Visa are also doing the same thing, building with blockchain tech, stable coins and much mores. It's just amazing to see these firms do these things. Now, speaking of stable coins, PayPal

had just made a major update, so their stable coin PYUSD is rolling out onto the PayPal wallet across seventy markets,

enabling faster settlements, lower costs, and build for everyday global commerce. Again, send this type of news to these cryptoskeptics, the blockchain skeptics who don't understand what's happening, because aside from all the you know, the speculation and so forth, there's a legit technology that's going to be the fabriak of how things are functioning, as I mentioned in the capital markets, the economies and governments moving forward. So this is incredible.

I will be interviewing paypals how to crypto this week to talk about this news, and we're going to go through all the details and you know what's your plan with Venmo and their crypto offering. Of course the stable coin rollout across the globe, and we're going to go through all the details and make sure you guys are subscribed for those interviews. Now moving ahead, this one's big

as well Moody's many of you know, is the Ratings Agency becomes the first credit rating agency to bring its ratings on chain, debuting its token integration engine on the Canton network. Remember I've been telling you guys about Canton network, right the dtccs using them. I'm a Canton token holder, and I will continue to accumulate this token in the bear mark it as it hits new lows and other all coins as well. But this is one of my big bets, So huge news. Moody's is also going to

be running a node on the Canton network. So I mean, I mean, I don't even know what to say anymore. This is just profound, right, You're just seeing the biggest names adopt crypto and blockchain technology in different ways. So Moody's Corporation today announced that Moody's Ratings has launched its network agnostic Token Integration Engine, becoming the first credit rating agency to ingest analytical data and share credit insights on chain. As an inaugural step, it is the first rating agency

to operate a node on the Canton network. The milestone marks a significant step in Moody's commitment to digital innovation, intending to enable secure, compliant, and efficient ingestion of data and dissemination of ratings enabled by technology built for integration across platforms. Now, some of you may say, Tony, why would they need to put it on the blockchain, Well, if we're going to twenty four to seven, three sixty five markets and expanding markets globally. The current system can

handle that. Blockchains is the way to go. So that's why it's all going on chain, the assets, the analytics, the data, right, all these things, everything that greases the whole system on chain guys. So this is why, regardless of if we're in a bear market and then is volatility, have the macro view of where the puck is heading here, right, take your bets, be patient and they will pay off. But you've got to be patient because there are cycles

to markets, there are macro factors that affect markets. But obviously eventually it all works out. We just got to go through the roller coaster ride. Here's another example of

institutional adoption. So US regional banks are building tokenized deposit network with on zksync to rival stable coins. So one of the things that banks are looking to do is build tokenized deposits, which you know, they kind of rival stable ones in a way, but not entirely because they can certainly coexist. So this is a very very fascinating one. It says here the carry network, and I've heard of this,

but I don't know too much. So to carry cari network is targeting a twenty twenty six rollout as banks tests issuance, transfers and redemption of digital deposits. Participating banks include Huntington Bank, Shares, First Horizon, M and T Bank, Key Corp, and Old National Bank Corp. So certainly regional banks here pretty small, right, So to Carry network is you know, they're going to use it to move tokenized deposits instantly on blockchain rails while keeping funds inside the

regulated banking system. Built on ZK Singh's infrastructure, The project is targeting a twenty twenty six rollout as banks test issuance, transfers and redemption of digital deposits. So again you're just seeing incredible stuff here. Now, just so you know, the Carry Network is a layer two platform built on ZK Sync. And if you don't know about ZK saying, there is a token, so again you could look to invest in

his token. Not financial advice, because I'm not saying that you know this network that they built is going to be successful. I don't know I'm speaking of the banks,

but clearly there's adoption. So if the price of this token is down, and you know might be a good bet it is down significantly, right, you can certainly grab some and I'm not saying it's going to go to the moon, but you know that there is potential for upside because it's getting utility and with news headlines of banks using it, you guys get what I'm saying, right, how you want to approach investing. There's other things you need to look at, like tokenomics, like who's behind the

project and much more. Do your full due diligence there. But I mean, this is real world adoption here, right, This is what you want to see from the big It's getting adoption from the biggest institutions in the world. Moving ahead, crypto trading firm GSR expands token advisory with

fifty seven million dollars in acquisitions. Wow, you guys may recall I interviewed one of the folks from GSR. I think it was last year, Yeah, late last year, and they're one of the crypto market makers, well known. They also do a lot more than market making. It looks like they're making some big acquisitions here. So crypto trading firm GSR is acquiring Autonomous and Architect for fifty seven

million dollars to help crypto projects launch their tokens. Smart move you're a market maker have the ability to help companies and different projects to launch their tokens. So Autonomous will retain its brand and focus on token launch operations, while Architect will form the core of a new unit

called GSR Digital Asset Advisory. By combining token design, fundraising, market access, and treasury operations on a single platform, GSR aims to replace the current patchwork of separate service providers. Very smart move, but you can see here everybody's gearing up doing as much of a land grab as possible, acquiring companies, building out their network, preparing for where the puck is heading, right folks. Final news item here. Ripple

looks to expand crypto payment services in Brazil. So Ripple said it is expanding its digital asset services in Brazil and plans to apply for a Virtual Asset Service Provider license with the country central Bank. The company's rolling out an integrated platform for banks and FinTechs that combines cross

border payments, crypto custody, brokerage, and treasury tools. Ripple's Brazil push comes amid rapid expansion through billion dollar acquisitions and launching a US dollar stable coin, Ripple usd r L USD, so a big, big expansion here, and Ripple continues to build its partnerships with FinTechs and banks around the world, and of course they're pushing the usage of the XRP ledger.

Their stable coin are Lua and now they have, you know, all these brokerage and settlement platforms and all these things that if people want to even get exposure to other assets like bitcoin, they can do that. They want to have a custodian, they get. Ripple provides that smart smart move here by the team at Ripple, and they're going to be a powerhouse. You know, the headwinds they face with the SEC all gone and it's been only up

from here. So if you go to r WA dot xyz, which is a site I've shared with you guys, you see the XRP ledger is now number four, number four guys in total value that is on that is tokenized on the XRP ledgers. So it's been growing and rising. Incredible stuff here, so you know, go check it out, guys.

You can see how the other blockchains are performing. So just imagine the XRP ledger was not getting any type of adoption for a long time and now you just look at the chart, and it's been only up and up. The trend is up here right. People are putting all types of tokenized assets and much more on the XRP ledger now, so go check it out, guys. The data doesn't lie here. And again, it's not just the XRP ledger. You can look at a Canton network, e theorem, Solana

and much more. Folks, that's the news. Let me know what you think. Leave your thoughts and comments below, hit the thumbs up button subscribe it if you haven't as yet. Folks, be sure to support the podcast by subscribing to my free email newsletter. It is one hundred percent free. Link would be in a description I put out a write up yesterday. Also, be sure to grab a copy of my book on Amazon. It's available in paperback, in digital.

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