JUST IN: DOJ seizes millions of dollars from bank accounts & crypto wallets linked to Tether as part of federal fraud investigation.

An important announcement from our founders @kwok_phil and @dom_kwok.

🔥NEW $XRP collab with @SMQKEDQG & @DPGmaximus. Don't miss this one my friend!

🎥 @RepRitchie Torres says the CLARITY Act’s failure had multiple causes, but argues President Trump was the decisive factor. “Were it not for Donald Trump, we likely could have seen both Democrats and Republicans get to yes.”

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Rumor mill is right. As of now now every tokenized-stock venue wants your ID. This is a data privacy problem and a composability issue. That may be about to end. Our sources are telling us that the plan is a zero-knowledge KYC passport verified at the issuer level, then reusable across every tokenized securities venue. Your wallet carries a stamp proving you're cleared, without exposing your name, jurisdiction or ID. You can bridge, swap, and trade across all venues onchain without needing to KYC multiple times. Would be huge.

🚨TODAY: The SEC just released NEW FAQs on CRYPTO assets, clarifying how securities laws apply to certain tokens and transactions. KEY POINTS: - A token and the investment contract used to sell it are not necessarily the same. A token can later exist as a non-security crypto asset. - Functionality and decentralization depend partly on what the issuer actually promised buyers. - Staking receipt tokens are not automatically securities. Some may qualify as digital tools or digital commodities. - A true crypto “receipt” only represents ownership of the underlying asset. The issuer cannot lend, pledge or rehypothecate it. - Marketing a network’s utility or future features alone does not necessarily create an investment contract. - If another party takes over the issuer’s promises, the investment contract does not automatically disappear. - Developers can continue maintaining and upgrading a functional network without those efforts necessarily satisfying Howey. - On a decentralized network with no central controller, issuer statements are less likely to create a new investment contract. - Token buybacks are not automatically securities-related, unless tied to promised yield or returns before the network is functional. - Exchanges offering secondary trading are not automatically considered promoters. OVERALL, the new SEC FAQ is focusing more on what the token actually represents, how functional and decentralized the network is, who controls it, and what was promised to buyers. Of note, these are FAQs issued by the SEC’s Division of Corporation Finance staff, NOT new SEC rules.

🎥 @SenLummis says the crypto industry has become a powerful force on Capitol Hill powerful enough that traditional banking interests are taking notice. “When you have bankers, they're afraid of you now, which kind of makes me happy.”

XRP's been printing higher highs and higher lows all week clean break of structure at every leg up. Now pushing back toward $1.66, the last zone it got rejected from. If it clears that with volume, this trend isn't done.

Wall Street is entering its onchain era. Ondo’s John Hoffman joined @CNBC to discuss the launch of Ondo Intelligent Portfolios and what it signals for the future of global markets: “From a $3 trillion industry to a $100 trillion technology that’s going to power global markets.” First came tokenized stocks and ETFs. Now, Ondo Intelligent Portfolios combines them into onchain portfolios, each in a single token. “For someone that spent 20 years in the ETF industry, this is kind of the SPY moment for onchain finance.” The first three portfolios are based on portfolio strategies developed by BlackRock for Ondo. They mark the beginning of a broader shift in how investment portfolios are built, delivered, and accessed onchain.

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