1/ It’s October and the next few weeks in Washington are uncertain with the federal government shutdown.
But even against that backdrop, the past two weeks brought progress: regulatory cooperation, hearings on crypto tax, and momentum on Solana ETPs.
Let’s dive in.
2/ Last week, @SECPaulAtkins & Acting CFTC Chair @CarolineDPham hosted a joint roundtable on digital assets, recognizing that unified, clear rules are essential if America is going to lead in crypto innovation.
3/ Our industry needs collaboration – not competition – and that’s exactly what Chair Atkins and Acting Chair Pham are pursuing.
6/ The SEC also issued DoubleZero a No-Action Letter for its 2Z product – an important milestone for DePIN.
It shows a willingness to engage with novel protocols – and gives breathing room to DePIN projects long stuck in legal ambiguity.
Proud to share that the @SECGov has issued @DoubleZero a No-Action Letter for 2Z. 🦅🇺🇸
The first-of-its-kind No-Action Letter gives us confidence that 2Z does not have to register as a class of “equity securities” and that programmatic flows of 2Z on the DoubleZero network are not securities transactions.
This represents four months of constructive engagement with the SEC to establish a clear framework for compliant token launches in America, and a landmark moment for the crypto industry. ↓
7/ We’re also on the cusp of Solana ETPs, bringing regulated, mainstream access to SOL for the first time.
This isn’t just about one asset. Solana ETPs are part of the next chapter of global financial infrastructure: open, modern, and accessible to all.
9/ Fair, clear, and consistent tax rules are essential for our industry to thrive in the U.S. Uncertainty only pushes innovation – and jobs – overseas.
end/ Even in the midst of political gridlock, momentum for crypto continues. At @SolanaInstitute, we’ll keep driving the conversation forward. The next chapter of financial innovation is being built today.
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