read the SEC's new crypto assets FAQ the securities laws are starting to look opt-in now, at least as applied by the SEC to crypto if you raise money by selling a non-rights-bearing token, are careful about what you represent or promise, and have a functional crypto system, there is now an extremely broad path outside the securities laws--arguably 'functionality' is not even necessary but there's some equivocation on this the buyback guidance goes further than I expected. once the system is functional, even announcing a token buyback *program* (which I guess even could be a 'perpetual program') does not, in the staff's view, constitute a promise of essential managerial efforts. same for promises to improve the system or grow its network effects so you can retain enormous influence over the thing, keep developing it, support its price with buybacks (including under a permanent "program"), and get many of the benefits of having a public investment instrument, without giving holders the rights or protections that normally come with one they have opened a loophole in a regulatory regime whose whole point was supposed to be that you couldn't draft your way around economic reality (see e.g. papers.ssrn.com/sol3/papers.…) can't really say if this is good or bad, but VCs etc. got a lot of what they wanted & the market should absorb all the implications of this among others, I am growing skeptical how much of a 'long tail' there will be for tokenized equity. . .if you can get people to buy a coin in the style of BNB, HYPE, PUMP, etc., with minimal regulation, why voluntarily take on the burdens of selling them equity? if you are not mag-7 level, it doesn't seem there would be much reason to focus on equity securities for your capital-raising. . . if you want to access 'traditional buyers' you can wrap the token in an equity instrument like an ADR for those institutions. . . the obvious next question is how far this extends beyond crypto businesses. can an ordinary company attach a functional token to its business and apply 100% of its profits to discretionary buybacks, without giving holders any right to those profits or making representations about future business efforts that independently trigger Howey? the FAQ doesn't expressly resolve that, but it opens a pretty enormous door equity still gives investors something a discretionary buyback token doesn't. . .the question is whether the market will pay enough for those rights to make granting them worthwhile. otherwise the incentive is to keep the equity for insiders and sell everyone else the coin crypto's current focus on hyping tokenized equity may be misguided, the bigger trend is "get all the benefits of equity with none of the burdens" of course this is SEC guidance, not a repeal of the statutes or a command to the courts. a private plaintiff or a future SEC could have other ideas but did not think I'd see it in my lifetime. . .the securities laws are being "disrupted" in substantial part by incentivizing making fewer commitments to investors. and if Warren Dems eventually take control and try to undo all this, after an entire market has organized around it, the resulting chaos will be something to behold sec.gov/about/divisions-offi…

Whhheeeww. Huge. This is exactly what you want to see for $LINK tokenomics to evolve into the monster we know it can be.

Cool $TIG spaces this week. If you want to expand your mental model on what AI is, where it's going and some of the perils involved definitely give this spaces a listen from @Dr_JohnFletcher and @johnennis. Really eye opening listen.

This is a good vantage point. These guys are totally locked into what Sergey is saying and they know it's all true. All of it. You have to wonder what "crypto" looks like later when the entire space is worth $3T right now. What does the next $3T look like? Who benefits?

$LINK BlackRocks Will su- "Still alot of work to do. .but the Prize at the end is very large"🕵‍♂️

"Why wouldn't they do it?" @SergeyNazarov They will Sergey. We all know they will. $LINK is positioned unbelievably.

NEW: CHAINLINK AT THE FEDERAL RESERVE @SergeyNazarov joins leaders from BlackRock, Vanguard, and Sharplink on the trajectory of blockchain adoption across traditional finance at the Federal Reserve Fintech Conference ↓

$TIG will become the open infrastructure layer for algorithmic breakthroughs That bet is massive.. but that's the bet I am making $TIG

Every tokenized asset needs a golden record. NAV. Reserves. Pricing. Compliance. Updated forever. On every chain it touches. Tokenization is a trillion-dollar data problem. $LINK is the bet on who solves it. It's time.

Infrastructure day in crypto. Chainlink plays a part in all of it. $LINK is going to be pushed into an increasingly important role as all this stuff plays out. Trillions are coming.

TODAY: Chainlink Labs’ Head of Institutional, @AndrewMcMarkets, on NYSE & NASDAQ moving onchain: “These institutions are so big, if they are moving down this train track everybody else is coming with them.”

Onchain recordkeeping is becoming regulated financial infrastructure. The CFTC just clarified that registrants can use blockchain technology to satisfy recordkeeping requirements and hold customer funds in tokenized forms of permitted investments. This is exactly the kind of institutional infrastructure Chainlink has been building.

The CFTC has released updated crypto FAQs. Of note - more guidance on onchain recordkeeping (@chainlink can help with that) & tokenized collateral. I love to see these continued efforts to advance regulated clarity. cftc.gov/PressRoom/PressRele…

This is $LINK vs. $XRP conference speakers this season. If you're in Ripple, pivot to Chainlink. What are we even doing here. Clean 10x for $LINK to pass $XRP.

Tomorrow, @Dr_JohnFletcher will be joined by founder & CEO of Aigora, @johnennis. Dr Ennis holds a PhD in differential geometry from UC Santa Barbara and is a pioneer in the use of AI for mathematics research. They will discuss AI in mathematics, its risks, safety and freedom.

Larry explaining to the board why the paper names six protocols and describes a seventh in detail without ever saying its name. @chainlink is like Voldemort. Everyone knows. Nobody says it.

It won't be long before BlackRock announces their exclusive partnership with @chainlink. Joseph Chalom already talked about the importance of identity, data and interoperability and how chainlink is playing an important role as middle layer. He also mentioned the importance of staking $LINK to enable reliable data. Tomorrow @chainlink will talk on a panel with both Joseph Chalom and @BlackRock Can't wait to hear what they have to share!

This is the most important thing right now. $LINK wins when trillions start showing up. PA is irrelevant until then.

AI agents aren’t transacting onchain at scale because they require built-in guardrails to follow user rules & enable reliable execution. Chainlink unlocks agentic finance with: • Data Streams for verified pricing • ACE for onchain compliance • CRE for consensus-based execution

Chainlink’s Infosys partnership hit the feed on Sep 22 framed around 1.7 billion bank accounts. The deal names no bank and no timeline. On-chain, $LINK added 1,344 new addresses that day. 📊 Sep 22 new $LINK addresses: 1,344, down from 1,556 the day before. Sep 23 is still coming in, so a delayed response wouldn’t show yet. 🧭 That sits ~19% above the September average. Eleven days since Aug 1 still printed higher, topping out at 1,929 on Aug 21. 📈 $LINK price is up ~60% since Aug 1 and slipped ~1% on the announcement day. Average daily new addresses rose ~25% over that stretch (Aug 1 to 10 vs Sep 1 to 21). 🔒 Chainlink’s Payment Abstraction lets enterprise users settle fees in stablecoins or fiat, so bank adoption doesn’t require holding $LINK. So far, the bank-scale headline hasn’t shown up in token-scale activity. 🔗 Track LINK network growth in Sanbase: app.santiment.net/charts/lin…