Summer Mersinger will step down as CEO of the Blockchain Association on Oct. 16, and founding leader Kristin Smith returns as interim CEO. SEC Commissioner Hester Peirce, who leads the agency's Crypto Task Force, set her last day as Oct. 2. unchainedcrypto.com/crypto-i…

SEC Staff: Token Buybacks and Continued Development of Functional Crypto Networks May Not Trigger Howey Test The SEC’s Division of Corporation Finance issued new FAQs clarifying its March 17 crypto guidance. Staff said Staking Receipt Tokens may qualify as “digital tools” or “digital commodities,” depending on their structure. For already functional crypto systems, continued maintenance, improvements, network development and non-security token buybacks generally do not constitute “essential managerial efforts” under the Howey test. However, buybacks promoted as generating returns before a system becomes functional may constitute such efforts. The FAQs represent staff views and have no legal force or effect.

@safe is voting to spend ~7.4M $SAFE (~$700K) over 12 months to fund Safenet Aegis, an opt-in transaction-security check for Safe accounts, so coverage continues after Beta funding ends. Six Sentinels, including @BlockSecTeam, @hexens and @candidelabs, check each Safe transaction and return a secure or insecure verdict for a 0.40 USDC fee. Six Validators, including @gnosis_, @SafeLabs_ and @RockawayX, each stake at least 3.5M SAFE and attest secure verdicts onchain. Where the SAFE goes: - ~5M in Validator staking rewards - ~2.4M in Sentinel grants, 400K each, paid only at ~75% transaction participation The Safe Ecosystem Foundation (@safefndn) frames the funding as a bridge until check fees can pay operators, targeting at least $30K in monthly revenue by year-end. It lists keeping the Validator set permissioned for another 12 months as a trade-off. @adamshurwitz asked whether $30K a month is breakeven. Foundation contributor klotzketten said no, calling it "a target we chose to demonstrate the network can generate meaningful, non-trivial revenue," and noted it doesn't offset the SAFE spent unless the DAO turns on a fee switch giving it a share of check fees. 10 wallets have cast 398,603 SAFE so far: 100.0% Accept. Quorum is not yet met, at 4.0% of the 10M SAFE threshold. Voting closes October 6th at 8:20am UTC. Proposal: snapshot.box/#/s:safe.eth/pr…

INSIGHT: SEC Commissioner Hester Peirce calls for a rethink of KYC and AML oversight. She argues the "more data, the better" approach creates haystacks too big to find needles, and that zero-knowledge proofs could verify compliance without exposing personal data.

No idea whats going on here but I just watched this wallet drain 3832 NFTs from 100s of different wallets May be a good idea to revoke all NFT permissions if you have any valuables in your wallet Seems to be funded from a wallet possibly linked to @0xQuit so maybe a whitehat?