BTC $80,180.31 -1.49%
ETH $2,322.89 -1.83%
BNB $741.21 -2.39%
XRP $1.29 -2.56%
SOL $100.48 -2.21%
TRX $0.3312 -0.22%
DOGE $0.0784 -2.10%
ADA $0.2010 -3.13%
BCH $281.02 -6.21%
LINK $11.57 -1.99%
HYPE $85.24 +4.23%
AAVE $132.50 -2.14%
SUI $0.9239 -1.97%
XLM $0.1698 -1.10%
ZEC $1,264.65 -3.66%
AAPL $348.75 +0.95%
AMZN $251.83 -1.00%
GOOGL $291.41 -10.58%
MSFT $542.88 +2.58%
META $618.61 -0.66%
NVDA $214.42 -2.60%
TSLA $404.72 -1.42%
SNDK $1,370.61 -0.24%
INTC $92.20 -3.88%
SPCX $143.97 -3.78%
MU $956.60 -1.38%
AMD $564.03 -1.47%
BTC $80,180.31 -1.49%
ETH $2,322.89 -1.83%
BNB $741.21 -2.39%
XRP $1.29 -2.56%
SOL $100.48 -2.21%
TRX $0.3312 -0.22%
DOGE $0.0784 -2.10%
ADA $0.2010 -3.13%
BCH $281.02 -6.21%
LINK $11.57 -1.99%
HYPE $85.24 +4.23%
AAVE $132.50 -2.14%
SUI $0.9239 -1.97%
XLM $0.1698 -1.10%
ZEC $1,264.65 -3.66%
AAPL $348.75 +0.95%
AMZN $251.83 -1.00%
GOOGL $291.41 -10.58%
MSFT $542.88 +2.58%
META $618.61 -0.66%
NVDA $214.42 -2.60%
TSLA $404.72 -1.42%
SNDK $1,370.61 -0.24%
INTC $92.20 -3.88%
SPCX $143.97 -3.78%
MU $956.60 -1.38%
AMD $564.03 -1.47%

mission

All
Article
Flash

The SEC's conditions for tokenized securities exemptions have sparked disagreements, with the industry calling for clarification on the "public and permissionless" standard

The innovation exemption for tokenized securities trading venues launched by the U.S. SEC in September is sparking controversy within the industry regarding blockchain qualification standards. This exemption allows eligible companies to trade tokenized U.S. stocks without registering as traditional securities exchanges, but requires their smart contracts to be auditable, public, and deployed on a public, permissionless blockchain.Currently, three companies have submitted operational intent notices to the SEC. TSV LLC plans to use the privacy-focused Canton Network; OKXICE and Kephas Corp. intend to utilize their respective enterprise group's developed Ethereum Layer 2 networks.In a letter submitted on Thursday, the Solana Policy Institute requested the SEC to tighten the definition of "permissionless," focusing on who actually controls the blockchain, including who can validate or block transactions and modify network rules. Hedera advocates for an expansion of the exemption's scope, arguing that only authorized entities should participate in validation, which should not disqualify their network.The Securities Industry and Financial Markets Association (SIFMA) also called for clarification on which blockchains are eligible and questioned whether stock tokenization should require explicit prior consent from the issuing company, rather than requiring companies to opt out. The financial regulatory advocacy group Better Markets urged the SEC to withdraw the exemption and instead engage in formal rulemaking.An SEC official stated that companies can begin operations 30 days after submitting a notice, provided they meet the exemption criteria, without waiting for SEC approval, which does not imply SEC endorsement of their chosen blockchain. The official noted that the regulatory agency intends to maintain a broad definition to allow space for companies to experiment; further frequently asked questions may be released, but substantive adjustments would require action from the commission.Meanwhile, more companies are opposing the tokenization of their stocks. As of Friday, among the 62 companies initially listed by OKXICE, 22 have raised objections, exceeding one-third. New objectors include Wells Fargo, Arm, and Intuit.

Chairman of the Financial Services Commission of Korea: Taxation on virtual assets must fully consider multiple factors, the digital asset bill has entered the final negotiation stage

According to a report by the Korean News Agency, Lee Won-ik, Chairman of the Financial Services Commission, stated during a comprehensive inspection at the National Assembly's Political Affairs Committee regarding the taxation of virtual assets to be implemented next year, "Various circumstances need to be fully considered." On the same day, People Power Party member Song Yeon-sik questioned whether to abolish or postpone the taxation, stating that the nature of digital assets and policy direction have not yet been determined, and that the "Basic Law on Digital Assets" should be prioritized. Lee Won-ik responded that the relevant legislation on digital assets is in the final negotiation stage and discussions will be promoted as soon as possible; regarding taxation, opinions from various parties are diverse, and collection of opinions is still ongoing.The taxation of virtual assets in South Korea was introduced in 2020 through amendments to the Income Tax Act, having been postponed three times previously. The government is currently advancing administrative procedures according to the timeline for implementation in January next year, but some in the industry and even within the ruling party believe that due to unclear standards and insufficient infrastructure, the timing for implementation is not yet mature.

first_img Optimum Blockchain Transmission Layer mump2p launched on the Ethereum mainnet, ether.fi requires all nodes to adopt

A network startup company called Optimum, led by Professor Muriel Médard from the Massachusetts Institute of Technology, announced that its block propagation software mump2p has officially launched on the Ethereum mainnet. The Ethereum liquid staking protocol ether.fi has made mump2p a mandatory requirement for all 12 of its node operators, whereas previously the software was optional for its operators.Optimum stated that there are currently 16 node operators running mump2p in production environments, collectively managing approximately 22,000 validator keys and over 1.4 million staked ETH, accounting for more than 3% of the total staked amount on Ethereum. Partners include Blockdaemon, Everstake, P2P.org, Stakefish, and Bitcoin Suisse. The software operates in a sidecar gateway manner, not replacing Ethereum's default GossipSub, but rather overlaying it on top of libp2p and utilizing random linear network coding technology. Optimum claims that the block arrival speed is 2.42 times faster than GossipSub, with an approximately 7.88 times reduction in arrival time variance.Rok Kopp, co-founder and Chief Growth Officer of ether.fi, stated that they will not require the entire validator set to adopt a new infrastructure unless they are confident that it can enhance the overall level of stakers and the network. Médard mentioned that traditional financial institutions invest billions of dollars to shorten execution times to the millisecond level because speed is money. Optimum launched its private testnet in June 2025, having previously completed a $11 million seed round financing led by 1kx, and plans to expand the protocol to other high-throughput blockchains after Ethereum.
app_icon
ChainCatcher Building the Web3 world with innovations.