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A US SEC filing dated September 9, 2026, charging an unregistered trading platform, injects fresh regulatory friction into the market on this timestamp of 2026-09-10 19:00 UTC. The action doesn't touch the major exchanges, but its precedent tests the jurisdictional reach of US enforcement and reintroduces persistent systemic risk, regardless of underlying asset technicals. It reminds observers of the fragile nature of market infrastructure under regulatory scrutiny. This regulatory backdrop might be influencing the cautious stance in the majors, where BTC/USDT is down -1.52% at $77,195.1 and ETH/USDT dipped -0.54% to $2,466.73. The extreme, divergent volatility observed elsewhere, from 牛来 (+36.29%, $0.11293) and VTHO (+34.30%, $0.000583) to BEAT (-36.00%, $0.0791) and the dramatic -51.63% for IOST ($0.001017), highlights a landscape where speculative flows are reacting to varied stimuli amid the overarching uncertainty. The SEC move is the kind of event that creates noise and volatility. #Write2Earn $BTC $ETH $IOST #SEC {future}(牛来USDT) {future}(VTHOUSDT) {future}(IOSTUSDT) 👉 Follow & learn — new signals daily
A US SEC filing dated September 9, 2026, charging an unregistered trading platform, injects fresh regulatory friction into the market on this timestamp of 2026-09-10 19:00 UTC. The action doesn't touch the major exchanges, but its precedent tests the jurisdictional reach of US enforcement and reintroduces persistent systemic risk, regardless of underlying asset technicals. It reminds observers of the fragile nature of market infrastructure under regulatory scrutiny.

This regulatory backdrop might be influencing the cautious stance in the majors, where BTC/USDT is down -1.52% at $77,195.1 and ETH/USDT dipped -0.54% to $2,466.73. The extreme, divergent volatility observed elsewhere, from 牛来 (+36.29%, $0.11293) and VTHO (+34.30%, $0.000583) to BEAT (-36.00%, $0.0791) and the dramatic -51.63% for IOST ($0.001017), highlights a landscape where speculative flows are reacting to varied stimuli amid the overarching uncertainty. The SEC move is the kind of event that creates noise and volatility.
#Write2Earn
$BTC $ETH $IOST #SEC



👉 Follow & learn — new signals daily
#secapprovesnasdaqtexascommoditytrustrule ​🚨 Huge Update for Crypto Funds from the SEC! 🏛️ ​The SEC just gave the green light to updated Nasdaq Texas listing standards, and it’s a massive step forward for institutional crypto adoption. They’ve officially added a formal definition for "digital commodities." ​Here’s why this is a total game-changer for the market: ​Active Management is GO: Funds are no longer restricted to just holding passively. Active trading strategies are now officially on the table. ​The 15% Altcoin Buffer: Funds can now allocate up to 15% of their Net Asset Value (NAV) to non-standard digital commodities. ​Beyond the Majors: While heavyweights like $BTC,$ETH, SOL, andXRP were highlighted, that 15% flexibility is the real catalyst. It allows institutions to blend established blue chips with targeted altcoin exposure. ​The foundation for the next wave of creative, actively managed institutional capital is being laid right now. ​What kind of active crypto funds are you hoping to see hit the market? Drop your thoughts below! 👇 #SEC #crypto #NASDAQ $SAGA {future}(SAGAUSDT) $ETHFI {future}(ETHFIUSDT) $VTHO {future}(VTHOUSDT) ​
#secapprovesnasdaqtexascommoditytrustrule
​🚨 Huge Update for Crypto Funds from the SEC! 🏛️

​The SEC just gave the green light to updated Nasdaq Texas listing standards, and it’s a massive step forward for institutional crypto adoption. They’ve officially added a formal definition for "digital commodities."

​Here’s why this is a total game-changer for the market:

​Active Management is GO: Funds are no longer restricted to just holding passively. Active trading strategies are now officially on the table.

​The 15% Altcoin Buffer: Funds can now allocate up to 15% of their Net Asset Value (NAV) to non-standard digital commodities.

​Beyond the Majors: While heavyweights like $BTC,$ETH, SOL, andXRP were highlighted, that 15% flexibility is the real catalyst. It allows institutions to blend established blue chips with targeted altcoin exposure.

​The foundation for the next wave of creative, actively managed institutional capital is being laid right now.

​What kind of active crypto funds are you hoping to see hit the market? Drop your thoughts below! 👇
#SEC #crypto #NASDAQ
$SAGA
$ETHFI
$VTHO

🚨 $SEC PROPOSES BLOCKCHAIN AS MASTER RECORD, UNLOCKING TOKENIZED SECURITIES 💥 The SEC’s latest rule proposal flips the script on tokenized securities, positioning blockchain as the official shareholder ledger rather than a peripheral data layer. 📊 This shift eliminates the costly off‑chain “digital twin” and aligns the record‑keeping regime with the speed of distributed ledgers. Smart‑money custodians will now anchor compliance – KYC, transfer caps, and inheritance – on‑chain, turning the ledger into a regulated infrastructure rather than a permissionless sandbox. 🦈 Expect a wave of issuers re‑architecting their issuance pipelines to capture the efficiency premium. 📈 🤔 Will you pivot your tokenization strategy now? ⚠️ Not financial advice. Always manage your risk. 🛡️ 🏷️ #SEC #Tokenization #Regulation #Blockchain #SmartMoney 🚀 🔥
🚨 $SEC PROPOSES BLOCKCHAIN AS MASTER RECORD, UNLOCKING TOKENIZED SECURITIES 💥

The SEC’s latest rule proposal flips the script on tokenized securities, positioning blockchain as the official shareholder ledger rather than a peripheral data layer. 📊 This shift eliminates the costly off‑chain “digital twin” and aligns the record‑keeping regime with the speed of distributed ledgers.

Smart‑money custodians will now anchor compliance – KYC, transfer caps, and inheritance – on‑chain, turning the ledger into a regulated infrastructure rather than a permissionless sandbox. 🦈 Expect a wave of issuers re‑architecting their issuance pipelines to capture the efficiency premium. 📈 🤔 Will you pivot your tokenization strategy now?

⚠️ Not financial advice. Always manage your risk. 🛡️

🏷️ #SEC #Tokenization #Regulation #Blockchain #SmartMoney

🚀 🔥
SEC's plan to overhaul transfer-agent rules could eliminate duplicate off-chain shareholder records, slash reconciliation costs, and reduce legal uncertainty for tokenized securities. A potential breakthrough for compliant on-chain issuance and broader investor participation. Could this be the green light tokenized assets need to scale? $BTC #CryptoNews #TokenizedSecurities #SEC
SEC's plan to overhaul transfer-agent rules could eliminate duplicate off-chain shareholder records, slash reconciliation costs, and reduce legal uncertainty for tokenized securities. A potential breakthrough for compliant on-chain issuance and broader investor participation. Could this be the green light tokenized assets need to scale? $BTC #CryptoNews #TokenizedSecurities #SEC
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#SECApprovesNasdaqTexasCommodityTrustRule SEC Order 34-106268 (Sept 3) grants accelerated approval to a Nasdaq Texas rule amending Rule 5711(d) for Commodity-Based Trust Shares: • Adds a formal "digital commodity" definition to listing standards • Allows trusts to hold up to 15% of NAV in digital commodities/securities outside standard eligibility rules (85% must still qualify) • Removes the passive-management requirement — active strategies now allowed $BTC, $ETH, $SOL and $XRP were cited as assets that already qualify as eligible commodities in the SEC's example. This extends a framework already approved for Nasdaq, NYSE Arca, and Cboe BZX in July — not a new federal commodity law, but a listing-infrastructure upgrade that opens the door to more flexible, actively managed crypto trust products. #SECApprovesNasdaqTexasCommodityTrustRule #SEC #NASDAQ #CryptoRegulation
#SECApprovesNasdaqTexasCommodityTrustRule

SEC Order 34-106268 (Sept 3) grants accelerated approval to a Nasdaq Texas rule amending Rule 5711(d) for Commodity-Based Trust Shares:

• Adds a formal "digital commodity" definition to listing standards
• Allows trusts to hold up to 15% of NAV in digital commodities/securities outside standard eligibility rules (85% must still qualify)
• Removes the passive-management requirement — active strategies now allowed

$BTC, $ETH, $SOL and $XRP were cited as assets that already qualify as eligible commodities in the SEC's example. This extends a framework already approved for Nasdaq, NYSE Arca, and Cboe BZX in July — not a new federal commodity law, but a listing-infrastructure upgrade that opens the door to more flexible, actively managed crypto trust products.

#SECApprovesNasdaqTexasCommodityTrustRule #SEC #NASDAQ #CryptoRegulation
Article
THE SEC CONFIRMS XRP IN NEW NASDAQ REGULATIONS🔥🔥🔥$XRP The U.S. Securities and Exchange Commission (SEC) has formally approved a regulatory order submitted by Nasdaq Texas LLC. This official document, published in the FED, definitively debunks the versions circulating on social media about a supposed "secret leak". The approved amendment modifies Rule 5711(d) with the aim of easing the listing standards for commodity-based financial trusts. The regulation introduces a 15% safety margin, which will make it easier to structure products under active management strategies. In the technical text of the order, the SEC explicitly includes Ripple (XRP), Bitcoin, Ethereum, and Solana within a practical model to illustrate how this new tolerance limit will work in a regulated portfolio.

THE SEC CONFIRMS XRP IN NEW NASDAQ REGULATIONS

🔥🔥🔥$XRP The U.S. Securities and Exchange Commission (SEC) has formally approved a regulatory order submitted by Nasdaq Texas LLC. This official document, published in the FED, definitively debunks the versions circulating on social media about a supposed "secret leak".
The approved amendment modifies Rule 5711(d) with the aim of easing the listing standards for commodity-based financial trusts. The regulation introduces a 15% safety margin, which will make it easier to structure products under active management strategies. In the technical text of the order, the SEC explicitly includes Ripple (XRP), Bitcoin, Ethereum, and Solana within a practical model to illustrate how this new tolerance limit will work in a regulated portfolio.
🟠 Neutral 🚨 SEC Unveils 'Regulation Crypto Assets' Proposal! The SEC has officially proposed new rules, 'Regulation Crypto Assets', aiming to create a clearer framework for crypto investment contracts. This follows their March 2026 interpretation. 📊 Market Impact: While bringing some much-needed regulatory clarity, the details will be crucial. Expect initial uncertainty, but long-term potential for institutional adoption if the framework is fair. Could impact how token sales are structured. #CryptoRegulation #SEC
🟠 Neutral

🚨 SEC Unveils 'Regulation Crypto Assets' Proposal!

The SEC has officially proposed new rules, 'Regulation Crypto Assets', aiming to create a clearer framework for crypto investment contracts. This follows their March 2026 interpretation.

📊 Market Impact: While bringing some much-needed regulatory clarity, the details will be crucial. Expect initial uncertainty, but long-term potential for institutional adoption if the framework is fair. Could impact how token sales are structured.

#CryptoRegulation #SEC
#secapprovesnasdaqtexascommoditytrustrule ​🚨 Big update to crypto-coin funds from the SEC! 🏛️ ​The SEC has just given the green light to updated listing standards on the Nasdaq Texas exchange, a major step forward in institutional adoption of cryptocurrencies. They have officially added a specific definition for “digital commodities.” ​Here’s why this is a total game-changer for the market: ​Active management is now in play: Funds are no longer limited to merely holding passively. Active trading strategies are now officially within the options. ​15% allocation for alternatives: Funds can now allocate up to 15% of NAV (net asset value) to non-standard digital commodities. ​Beyond the big names: While giants like $BTC, $ETH, SOL, and XRP are highlighted, the real driver is the flexibility of the 15%. It allows institutions to blend established “blue chips” with targeted exposure to alternative coins (Altcoins). ​The groundwork is now being laid for a new wave of innovative, actively managed institutional capital. ​What types of active crypto funds are you looking to see reach the market? Write your ideas below! 👇 Please follow up #SEC #crypto #NASDAQ $SAGA {future}(SAGAUSDT)
#secapprovesnasdaqtexascommoditytrustrule
​🚨 Big update to crypto-coin funds from the SEC! 🏛️
​The SEC has just given the green light to updated listing standards on the Nasdaq Texas exchange, a major step forward in institutional adoption of cryptocurrencies. They have officially added a specific definition for “digital commodities.”
​Here’s why this is a total game-changer for the market:
​Active management is now in play: Funds are no longer limited to merely holding passively. Active trading strategies are now officially within the options.
​15% allocation for alternatives: Funds can now allocate up to 15% of NAV (net asset value) to non-standard digital commodities.
​Beyond the big names: While giants like $BTC, $ETH, SOL, and XRP are highlighted, the real driver is the flexibility of the 15%. It allows institutions to blend established “blue chips” with targeted exposure to alternative coins (Altcoins).
​The groundwork is now being laid for a new wave of innovative, actively managed institutional capital.
​What types of active crypto funds are you looking to see reach the market? Write your ideas below! 👇

Please follow up

#SEC #crypto #NASDAQ
$SAGA
Verified
#secapprovesnasdaqtexascommoditytrustrule The U.S. Securities and Exchange Commission (SEC) has approved the Nasdaq Texas Commodity Trust fund rule! 🎉 Big news! Now these funds can allocate up to 15% of their net asset value (NAV) to certain digital assets or cryptocurrencies without needing individual SEC approval for each product separately. Is this good for traders? Absolutely! It opens the door for more institutional money to infiltrate the cryptocurrency market through a smoother, easier listing process. 🚀 What should traders do? 1️⃣ Keep a close watch on cryptocurrencies with institutional interest. 2️⃣ Don’t let FOMO (fear of missing out) control your trading decisions. ⚠️ This is not financial advice. Please follow up $BTC $ETH $SOL #SEC #NASDAQ #InstitutionalInflow
#secapprovesnasdaqtexascommoditytrustrule
The U.S. Securities and Exchange Commission (SEC) has approved the Nasdaq Texas Commodity Trust fund rule! 🎉 Big news! Now these funds can allocate up to 15% of their net asset value (NAV) to certain digital assets or cryptocurrencies without needing individual SEC approval for each product separately.
Is this good for traders? Absolutely! It opens the door for more institutional money to infiltrate the cryptocurrency market through a smoother, easier listing process. 🚀
What should traders do?
1️⃣ Keep a close watch on cryptocurrencies with institutional interest.
2️⃣ Don’t let FOMO (fear of missing out) control your trading decisions.
⚠️ This is not financial advice.

Please follow up

$BTC
$ETH
$SOL
#SEC #NASDAQ #InstitutionalInflow
SEC is planning a new initiative that could reduce legal pressure on digital assets - The SEC proposes amending regulations on transfer agents - Objective: remove duplicated off-chain shareholder records - Reduce reconciliation costs and legal uncertainty for digital assets #BinanceSquare #CryptoNews #SEC #TokenizedSecurities $btc $eth #vlikevn Titanbot Source: CoinDesk
SEC is planning a new initiative that could reduce legal pressure on digital assets

- The SEC proposes amending regulations on transfer agents
- Objective: remove duplicated off-chain shareholder records
- Reduce reconciliation costs and legal uncertainty for digital assets
#BinanceSquare #CryptoNews #SEC #TokenizedSecurities

$btc $eth

#vlikevn Titanbot

Source: CoinDesk
Citadel Securities officially stated its position on the regulatory jurisdiction for event contracts and perpetual derivatives: for products linked to U.S.-listed companies and their securities, the SEC should have primary regulatory authority, and exchanges cannot bypass review by relying on self-certification. It also calls on the SEC to improve the efficiency of filings for new products, so that regulatory gaps or overlapping jurisdiction do not become channels for market arbitrage. The core dispute is this: are equity-linked event contracts securities or commodities? And how should perpetual derivatives be classified? If the SEC and the CFTC do not promptly draw clear boundaries, both traditional finance and the crypto derivatives market could be affected. #SEC #CFTC #Crypto Regulation
Citadel Securities officially stated its position on the regulatory jurisdiction for event contracts and perpetual derivatives: for products linked to U.S.-listed companies and their securities, the SEC should have primary regulatory authority, and exchanges cannot bypass review by relying on self-certification.

It also calls on the SEC to improve the efficiency of filings for new products, so that regulatory gaps or overlapping jurisdiction do not become channels for market arbitrage.

The core dispute is this: are equity-linked event contracts securities or commodities? And how should perpetual derivatives be classified? If the SEC and the CFTC do not promptly draw clear boundaries, both traditional finance and the crypto derivatives market could be affected.

#SEC #CFTC #Crypto Regulation
️ News | Citadel Calls on the SEC to Tighten Oversight of Event Contracts Citadel is urging the U.S. Securities and Exchange Commission (SEC) to use its regulatory powers over event contracts associated with publicly listed companies. 📌 Cipher Vault: The step could open up a broader discussion about the scope of regulation of event contracts in U.S. markets, especially as their use expands. #Crypto #SEC #Markets #Trading #USA
️ News | Citadel Calls on the SEC to Tighten Oversight of Event Contracts

Citadel is urging the U.S. Securities and Exchange Commission (SEC) to use its regulatory powers over event contracts associated with publicly listed companies.

📌 Cipher Vault: The step could open up a broader discussion about the scope of regulation of event contracts in U.S. markets, especially as their use expands.

#Crypto #SEC #Markets #Trading #USA
Citadel Securities' response letter to the SEC and the CFTC contains a wealth of information. This market maker has taken a clear position: the SEC should be the primary regulator for U.S. listed companies and their securities-related products, and it also calls for improving the efficiency of reviews for new product filings. What’s even more noteworthy are two points: First, Citadel specifically criticizes exchanges for using self-certification mechanisms to evade SEC jurisdiction. If the regulator adopts this stance, the scope for compliance arbitrage in the current derivatives market will be significantly squeezed. Second, the classification and jurisdiction of two types of products—equity-linked event contracts and perpetual derivatives—are listed as issues that urgently need clarification. Once the definitions are finalized, which products fall under which regulator and according to what rules they operate will undergo fundamental changes. Another signal is that Citadel urges speeding up the product filing process—meaning that the supply of compliant products is being constrained by review bottlenecks, while institutions have a strong demand for new compliant tools. By stepping in to lobby regulators over product classification themselves, the market maker’s move suggests that, at the institutional level, there is already consensus about these product formats. The market is shifting from ambiguity toward clarity. #SEC #derivatives regulation
Citadel Securities' response letter to the SEC and the CFTC contains a wealth of information.

This market maker has taken a clear position: the SEC should be the primary regulator for U.S. listed companies and their securities-related products, and it also calls for improving the efficiency of reviews for new product filings.

What’s even more noteworthy are two points:

First, Citadel specifically criticizes exchanges for using self-certification mechanisms to evade SEC jurisdiction. If the regulator adopts this stance, the scope for compliance arbitrage in the current derivatives market will be significantly squeezed.

Second, the classification and jurisdiction of two types of products—equity-linked event contracts and perpetual derivatives—are listed as issues that urgently need clarification. Once the definitions are finalized, which products fall under which regulator and according to what rules they operate will undergo fundamental changes.

Another signal is that Citadel urges speeding up the product filing process—meaning that the supply of compliant products is being constrained by review bottlenecks, while institutions have a strong demand for new compliant tools.

By stepping in to lobby regulators over product classification themselves, the market maker’s move suggests that, at the institutional level, there is already consensus about these product formats. The market is shifting from ambiguity toward clarity.

#SEC #derivatives regulation
Citadel Securities’ statement on SEC and CFTC joint product definition consultation: for products linked to U.S.-listed companies or their securities, the primary regulatory authority should rest with the SEC; exchanges cannot bypass review by relying on self-certification mechanisms. It also calls for the SEC to improve the efficiency and predictability of reviews for filings of new products. A key dispute is how equity-linked event contracts and perpetual derivatives should be classified. This is not only a question for Wall Street equity products; it could also affect the regulatory boundary for U.S. perpetual contracts. If regulation draws the line based on “economic substance” rather than product names, the licensing pathway and compliance costs for crypto platforms expanding their business in the U.S. would become clearer. #SEC #CFTC #derivatives regulation
Citadel Securities’ statement on SEC and CFTC joint product definition consultation: for products linked to U.S.-listed companies or their securities, the primary regulatory authority should rest with the SEC; exchanges cannot bypass review by relying on self-certification mechanisms. It also calls for the SEC to improve the efficiency and predictability of reviews for filings of new products.

A key dispute is how equity-linked event contracts and perpetual derivatives should be classified. This is not only a question for Wall Street equity products; it could also affect the regulatory boundary for U.S. perpetual contracts. If regulation draws the line based on “economic substance” rather than product names, the licensing pathway and compliance costs for crypto platforms expanding their business in the U.S. would become clearer.

#SEC #CFTC #derivatives regulation
Citadel Securities responds to SEC and CFTC’s joint product definition consultation: for products linked to U.S.-listed companies and their securities, the SEC should have primary regulatory authority; exchanges should not circumvent SEC oversight through self-certification mechanisms. The document also calls on the SEC to improve the efficiency and timeliness of new product registration and review. The core dispute is how equity-linked event contracts and perpetual derivatives should be classified—and which regulator should oversee them. If the scope of SEC jurisdiction expands, the listing pathways, disclosure requirements, and compliance obligations for relevant products could all be affected, and crypto-related perpetual derivatives would be hard to exempt. This is not only a question of how responsibilities are divided between two regulatory agencies; it also determines how traditional securities rules extend to new trading structures. Further developments are worth monitoring. #SEC #CFTC #Regulatory update
Citadel Securities responds to SEC and CFTC’s joint product definition consultation: for products linked to U.S.-listed companies and their securities, the SEC should have primary regulatory authority; exchanges should not circumvent SEC oversight through self-certification mechanisms. The document also calls on the SEC to improve the efficiency and timeliness of new product registration and review.

The core dispute is how equity-linked event contracts and perpetual derivatives should be classified—and which regulator should oversee them. If the scope of SEC jurisdiction expands, the listing pathways, disclosure requirements, and compliance obligations for relevant products could all be affected, and crypto-related perpetual derivatives would be hard to exempt.

This is not only a question of how responsibilities are divided between two regulatory agencies; it also determines how traditional securities rules extend to new trading structures. Further developments are worth monitoring.

#SEC #CFTC #Regulatory update
Citadel Securities’ latest statement directly addresses the dispute over regulatory jurisdiction for U.S. event contracts and perpetual derivatives. In its responses submitted to the SEC and CFTC, it says that for products linked to U.S.-listed companies and their securities, the SEC should have primary regulatory authority; exchanges cannot bypass SEC oversight by relying on self-certification mechanisms. At the same time, the SEC should also shorten the review cycle for new products and improve filing efficiency. The key issue is not just “who regulates,” but how equity-linked event contracts and perpetual derivatives are actually classified. If the regulatory boundaries are clear, it will be harder for stock-style event contracts to expand into regulatory gray areas; for crypto perpetual contracts, it may also prompt U.S. markets to re-examine product classification, listing pathways, and investor protection. Traditional market makers have publicly called for role clarification, indicating that competition for this kind of product has moved into the institutional framework. How the SEC and CFTC draw the lines going forward is something that warrants ongoing attention. #SEC #CFTC #CitadelSecurities
Citadel Securities’ latest statement directly addresses the dispute over regulatory jurisdiction for U.S. event contracts and perpetual derivatives. In its responses submitted to the SEC and CFTC, it says that for products linked to U.S.-listed companies and their securities, the SEC should have primary regulatory authority; exchanges cannot bypass SEC oversight by relying on self-certification mechanisms. At the same time, the SEC should also shorten the review cycle for new products and improve filing efficiency.

The key issue is not just “who regulates,” but how equity-linked event contracts and perpetual derivatives are actually classified. If the regulatory boundaries are clear, it will be harder for stock-style event contracts to expand into regulatory gray areas; for crypto perpetual contracts, it may also prompt U.S. markets to re-examine product classification, listing pathways, and investor protection.

Traditional market makers have publicly called for role clarification, indicating that competition for this kind of product has moved into the institutional framework. How the SEC and CFTC draw the lines going forward is something that warrants ongoing attention.

#SEC #CFTC #CitadelSecurities
Citadel Securities takes a position to the SEC and CFTC on the classification of event contracts and perpetual derivatives: products linked to U.S.-listed companies and their securities should fall under the SEC’s primary regulatory authority, and new product filings would need to be processed more efficiently. However, exchanges cannot bypass SEC jurisdiction by using their own self-certification mechanisms. The key disagreement is whether equity-linked event contracts and perpetual derivatives are securities or commodities. If the SEC’s regulatory boundary is expanded, the launch thresholds for related U.S. products, exchange compliance pathways, and market structure could all be reshaped. For the crypto industry, perpetual derivatives are a core trading category. Once the U.S. regulatory interpretation is clarified, it will affect not only traditional finance, but also the product design of crypto platforms and the pace at which institutions enter the market. #SEC #衍生品监管 #CitadelSecurities
Citadel Securities takes a position to the SEC and CFTC on the classification of event contracts and perpetual derivatives: products linked to U.S.-listed companies and their securities should fall under the SEC’s primary regulatory authority, and new product filings would need to be processed more efficiently. However, exchanges cannot bypass SEC jurisdiction by using their own self-certification mechanisms.

The key disagreement is whether equity-linked event contracts and perpetual derivatives are securities or commodities. If the SEC’s regulatory boundary is expanded, the launch thresholds for related U.S. products, exchange compliance pathways, and market structure could all be reshaped.

For the crypto industry, perpetual derivatives are a core trading category. Once the U.S. regulatory interpretation is clarified, it will affect not only traditional finance, but also the product design of crypto platforms and the pace at which institutions enter the market.

#SEC #衍生品监管 #CitadelSecurities
SEC rumours about a “biggest tokenization exemption in history” — I’m skeptical. It’s not that the thing is impossible, but the person who leaked it contradicts himself: Andy of The Rollup said earlier that “a major fund got the SEC’s green light, possibly ARK, Fidelity, or BlackRock,” then corrected himself a moment later. “The ARK public filing isn’t the big exemption the rumor claims at all; it’s just a routine amendment to add a share class to its Venture Fund.” Same person, same week—one moment stoking the rumor, the next putting out the fire. This policy isn’t the first time it’s been teased as “about to be released.” It was floated once in May, then again got delayed on August 13. Last time, it was Wall Street firms jointly protesting; this time, the White House is worried it could disrupt the “Clarity Act.” All of this suggests the main reason it’s stuck is politics. Andy thinks that after the Senate vote on September 15, a week or so later it will be released, but the SEC itself hasn’t confirmed anything with a single word. If it really does come to fruition, what would it look like? Funds would directly issue on-chain shares, and even underlying stocks and bonds could be tokenized—skipping the exchange and broker step. But with a policy that’s been postponed twice, it’s a bit early to talk about “what if it gets implemented.” #SEC #代币化证券 #清晰法案
SEC rumours about a “biggest tokenization exemption in history” — I’m skeptical. It’s not that the thing is impossible, but the person who leaked it contradicts himself: Andy of The Rollup said earlier that “a major fund got the SEC’s green light, possibly ARK, Fidelity, or BlackRock,” then corrected himself a moment later. “The ARK public filing isn’t the big exemption the rumor claims at all; it’s just a routine amendment to add a share class to its Venture Fund.” Same person, same week—one moment stoking the rumor, the next putting out the fire.

This policy isn’t the first time it’s been teased as “about to be released.” It was floated once in May, then again got delayed on August 13. Last time, it was Wall Street firms jointly protesting; this time, the White House is worried it could disrupt the “Clarity Act.” All of this suggests the main reason it’s stuck is politics. Andy thinks that after the Senate vote on September 15, a week or so later it will be released, but the SEC itself hasn’t confirmed anything with a single word.

If it really does come to fruition, what would it look like? Funds would directly issue on-chain shares, and even underlying stocks and bonds could be tokenized—skipping the exchange and broker step. But with a policy that’s been postponed twice, it’s a bit early to talk about “what if it gets implemented.”

#SEC #代币化证券 #清晰法案
📰 The market is moving a bit fast this time: ARK Invest’s filing with the U.S. Securities and Exchange Commission (SEC) is not the “tokenized securities innovation exemption” that everyone assumed. The Rollup host Andy clarified on X that the arrangement ARK and Securitize are pursuing in itself does not require such an exemption. As for the current filing, it is essentially just a standard amendment to an existing order from November 2025. 🔥 That order had previously allowed the open-ended fund ARK Venture Fund to issue multiple share classes on a periodic basis. With this second amendment, it aims to add an Exchange Class that can be listed on national securities exchanges, as well as a Tokenized Class that can be traded in venues such as distributed ledger recordings and registered Alternative Trading Systems (ATS). Honestly, this is completely on a different scale from regulatory clearance for the entire tokenized securities market. ARK’s filing is more like an extension of fund share arrangements, and it can’t be directly taken as the SEC having already rolled out a broad “innovation exemption.” 💡 Andy still expects that the innovation exemption the SEC is working on will have a wider scope and a much larger impact on the entire tokenized securities issuance market. He believes the exemption will be released within one week after the vote on the CLARITY Act concludes. 🤔 Do you think this clarification will lead the market to re-separate “fund tokenization” from “broad regulatory exemptions”? #ARK #Securitize #代币化证券 #SEC
📰 The market is moving a bit fast this time: ARK Invest’s filing with the U.S. Securities and Exchange Commission (SEC) is not the “tokenized securities innovation exemption” that everyone assumed.

The Rollup host Andy clarified on X that the arrangement ARK and Securitize are pursuing in itself does not require such an exemption. As for the current filing, it is essentially just a standard amendment to an existing order from November 2025.

🔥 That order had previously allowed the open-ended fund ARK Venture Fund to issue multiple share classes on a periodic basis. With this second amendment, it aims to add an Exchange Class that can be listed on national securities exchanges, as well as a Tokenized Class that can be traded in venues such as distributed ledger recordings and registered Alternative Trading Systems (ATS).

Honestly, this is completely on a different scale from regulatory clearance for the entire tokenized securities market. ARK’s filing is more like an extension of fund share arrangements, and it can’t be directly taken as the SEC having already rolled out a broad “innovation exemption.”

💡 Andy still expects that the innovation exemption the SEC is working on will have a wider scope and a much larger impact on the entire tokenized securities issuance market. He believes the exemption will be released within one week after the vote on the CLARITY Act concludes.

🤔 Do you think this clarification will lead the market to re-separate “fund tokenization” from “broad regulatory exemptions”?

#ARK #Securitize #代币化证券 #SEC
​🚨 Great regulatory breakthrough for the tokenization of assets! ​🏛 The SEC has proposed modernizing the rules for transfer agents to formalize the registration of shares on cryptocurrency networks and tokenization, officially integrating blockchain technology into traditional financial markets. ​This historic change aims to move on from regulations dating back to the 1980s, paving the way for a new era of institutional adoption and real-world assets (RWA). ​💬 What do you think about this change? ​👉 Leave your comment below by answering: Do you think this measure will accelerate the mass arrival of institutional capital to the market? Don’t forget to hit "Follow" so you don’t miss the key news that moves the crypto ecosystem! ​$BTC {future}(BTCUSDT) #Tokenizacion #SEC #Criptomonedas #Blockchain
​🚨 Great regulatory breakthrough for the tokenization of assets!
​🏛 The SEC has proposed modernizing the rules for transfer agents to formalize the registration of shares on cryptocurrency networks and tokenization, officially integrating blockchain technology into traditional financial markets.
​This historic change aims to move on from regulations dating back to the 1980s, paving the way for a new era of institutional adoption and real-world assets (RWA).
​💬 What do you think about this change?
​👉 Leave your comment below by answering: Do you think this measure will accelerate the mass arrival of institutional capital to the market? Don’t forget to hit "Follow" so you don’t miss the key news that moves the crypto ecosystem!
$BTC

#Tokenizacion #SEC #Criptomonedas #Blockchain
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