BREAKING: The SEC just issued new guidance on crypto tokens, staking, and investment contracts. 1. Once a crypto network is functional, work to maintain, improve, or grow it no longer counts as "essential managerial efforts" under the Howey test. 2. Staking receipt tokens can be treated as digital commodities, not securities, depending on how they're structured. 3. A crypto asset itself can be a non-security, even if some transactions involving it are still investment contracts. 4. The SEC's framework now covers digital commodities, digital collectibles, digital tools, stablecoins, and digital securities. These FAQs reflect SEC staff views only and carry no legal force, unless the Commission itself adopts a formal rule later. Another major step toward clearer crypto rules in the U.S.

NEW: The Trump administration is considering a plan to promote dollar-backed stablecoins overseas through joint ventures with private companies, aiming to cement dollar dominance and drive demand for U.S. Treasuries, per Bloomberg.

@federalreserve requests public comment on two proposals related to establishing a regulatory framework for Board-supervised payment stablecoin issuers under the GENIUS Act: federalreserve.gov/newsevent…

Introducing Ondo Intelligent Portfolios, the first three portfolios powered by BlackRock. Ondo Intelligent Portfolios introduces a new onchain product category: curated investment portfolios delivered as single onchain transferable tokens. The first three portfolios are based on portfolio strategies developed by BlackRock for Ondo, marking the first time eligible onchain investors can access exposure to such strategies through a single token. 1. BLKHIon: Ondo High Income Powered by BlackRock 2. BLKDIGon: Ondo Diversified Growth Powered by BlackRock 3. BLKGRWon: Ondo High Growth Powered by BlackRock Diversified, professionally constructed strategies have historically required brokerage accounts and traditional fund structures. Now, delivered as peer-to-peer transferable tokens from Ondo, these onchain portfolios become accessible to eligible non-US investors in permitted jurisdictions through the wallets, exchanges, and DeFi applications they already use. “Tokenization creates new ways for portfolio strategies to be delivered through digital infrastructure. Diversified portfolio strategies can be incorporated into tokenized investment products, enabling eligible investors to access diversified allocations through a single instrument. It shows how established portfolio construction approaches can be delivered through new channels and technologies.” - Lisa O’Connor, Global Head of the Model Portfolio Solutions team and Co-CIO for Global Solutions within the Multi-Asset Strategies group at BlackRock Ondo Intelligent Portfolios can unlock novel capabilities: → Programmatic rebalancing → Full composability with DeFi → Complete transparency onchain → Multiple asset classes in a single token This is just the start for Ondo Intelligent Portfolios. The infrastructure is now in place for leading financial institutions to bring their asset allocation expertise onchain.

🚨 BIG: BlackRock says AI could become a major catalyst for digital assets, as agentic AI drives demand for machine-native payments, programmable settlement, and tokenized access to compute.

BREAKING: 🇺🇸 US weighs initiative to promote dollar-backed stablecoins globally, Bloomberg reports. MASSIVE FOR CRYPTO!

🇺🇸 JUST IN: CFTC Chairman Selig says US markets must prepare for "mass tokenization" as blockchains and AI are "adopted at scale." Selig told the US Treasury Market Conference that "the next decade will likely bring more change to financial markets than the previous several decades combined." The CFTC expanded eligible collateral to include stablecoins in February and is looking to drive further adoption across exchanges and clearinghouses.

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CFOs have moved from viewing digital assets as purely speculative to having utility. The opportunity now is what crypto and stablecoins, like $XRP and $RLUSD, can do for treasury, payroll, and cross-border flows. The game-changer: onchain markets don't stop at 5 pm or take weekends off. That opens the door to new ways to put idle cash to work around the clock and to empower treasury as a strategic value driver. @rvereecke, SVP, Ripple Treasury, explores the shift in the latest Crypto In One Minute.

BREAKING: The SEC grants a five-year "Innovation Exemption" for tokenized securities venues, allowing blockchain platforms to list and trade real tokenized stocks with full shareholder rights.

JUST IN: 🇺🇸 President Trump officially agrees to new bipartisan crypto Clarity Act ethics provisions.

LATEST: ⚡️ Ripple CEO Brad Garlinghouse says crypto would allow central banks to store and move value "instantly, securely, around the world, at little to no cost."

The Florida Gators are proud to partner with XRP 🐊 ℹ️ bit.ly/4idAA0D

There’s long been a disconnect between crypto fundamentals… and price. Could that be ending soon? Franklin Crypto’s @SethGinns shares why he believes the pieces are starting to come together. ➤ via @CRYPTO101Pod x @BrycePaul101 x @ViehmanBrendan

BREAKING: The G20 has agreed to build clear rules for crypto and stablecoins. This is absolutely massive for crypto.

JUST IN: The SEC clears @evernorthxrp's registration to list as an $XRP treasury company on Nasdaq under ticker $XRPN. Backed by @Ripple, @PanteraCapital, @Krakenfx and SBI Group, with a shareholder vote on September 30.