SEC Clarifies Crypto Asset Securities

The SEC says it recognizes that most crypto assets are not securities.

The SEC and CFTC issued a joint interpretation clarifying how federal securities laws apply to crypto assets. SEC Chairman Paul S. Atkins stated that the Commission recognizes that most crypto assets are not securities. The guidance categorizes non-securities digital assets to include digital commodities, collectibles, tools, and payment stablecoins under the GENIUS Act.

World, the proof of human identity project, launched AgentKit, a developer toolkit that allows AI agents to prove they are backed by a real, unique human using verified World ID Proof of Personhood credentials. It extends Coinbase’s x402 payments protocol by adding a privacy-preserving identity layer. The kit enables apps to verify how many distinct humans are behind agent activity, without revealing personal information. It aims to help platforms allow trusted agent access while limiting agent spam, abuse, and manipulation. The release is currently in beta.

Tally, an onchain governance infrastructure provider, announced that it is no longer moving forward with its planned ICO, and is winding down its platform. Tally CEO Dennison Bertram cited current market conditions and uncertainty about delivering on promises made to token holders as reasons for the reversal. He added that a venture-backed business in decentralized governance tooling is currently unsustainable. Tally was one of the most widely adopted DAO platforms across the Ethereum ecosystem, supporting governance for Arbitrum, ENS, Uniswap, ZKsync, and EigenLayer. Tally will continue to support its partners during the transition.

ZKsync announced that Cari is building a bank-governed tokenized deposit network bult on a ZKsync Prividium chain, a permissioned, privacy-focused L2 anchored to Ethereum and secured by zero-knowledge proofs. The initiative aims to help banks modernize payments while keeping deposits within the regulated banking system. Developed with five regional banks, the Cari Network enables tokenized deposits that remain bank liabilities and are insured by the FDIC. The platform aims to support the full lifecycle of deposits, issuance, transfer, and redemption, and is targeting a production rollout in 2026.

• Arbitrum transparency report

• ENS name collisions

• Bitrefill suffers a data breach

• ECF introduces Swapboard

• Phantom receives no action relief

• VF: Crypto’s True Believers

Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.

The SEC and CFTC issued a joint interpretation clarifying how federal securities laws apply to crypto assets. SEC Chairman Paul S. Atkins stated that the Commission recognizes that most crypto assets are not securities. The guidance categorizes non-securities digital assets to include digital commodities, collectibles, tools, and payment stablecoins under the GENIUS Act.

World, the proof of human identity project, launched AgentKit, a developer toolkit that allows AI agents to prove they are backed by a real, unique human using verified World ID Proof of Personhood credentials. It extends Coinbase’s x402 payments protocol by adding a privacy-preserving identity layer. The kit enables apps to verify how many distinct humans are behind agent activity, without revealing personal information. It aims to help platforms allow trusted agent access while limiting agent spam, abuse, and manipulation. The release is currently in beta.

Tally, an onchain governance infrastructure provider, announced that it is no longer moving forward with its planned ICO, and is winding down its platform. Tally CEO Dennison Bertram cited current market conditions and uncertainty about delivering on promises made to token holders as reasons for the reversal. He added that a venture-backed business in decentralized governance tooling is currently unsustainable. Tally was one of the most widely adopted DAO platforms across the Ethereum ecosystem, supporting governance for Arbitrum, ENS, Uniswap, ZKsync, and EigenLayer. Tally will continue to support its partners during the transition.

ZKsync announced that Cari is building a bank-governed tokenized deposit network bult on a ZKsync Prividium chain, a permissioned, privacy-focused L2 anchored to Ethereum and secured by zero-knowledge proofs. The initiative aims to help banks modernize payments while keeping deposits within the regulated banking system. Developed with five regional banks, the Cari Network enables tokenized deposits that remain bank liabilities and are insured by the FDIC. The platform aims to support the full lifecycle of deposits, issuance, transfer, and redemption, and is targeting a production rollout in 2026.

• Arbitrum transparency report

• ENS name collisions

• Bitrefill suffers a data breach

• ECF introduces Swapboard

• Phantom receives no action relief

• VF: Crypto’s True Believers

Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.

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