Category: Coins

Digital assets, cryptocurrencies, blockchain, and currency news.

  • ETFSwap (ETFS) surpasses 4,000 users and raises $1.5 million

    ETFSwap (ETFS) surpasses 4,000 users and raises $1.5 million



    ETFSwap (ETFS)an emerging decentralized cryptocurrency and exchange-traded fund (ETFS) platform, has achieved a number of significant milestones that mark a historic moment in its development and pre-sales. With the support and trust of thousands of users and investors worldwide, this groundbreaking platform is experiencing a meteoric rise in popularity.

    Additionally, ETFSwap (ETFS) is gaining global recognition as a significant player in the tokenized ETF market. It offers a cryptocurrency and ETF trading platform that is both distinctive and accessible as well as unique and user-friendly.

    ETFSwap (ETFS) sees an unprecedented increase to over 4,000 users

    In November 2023, the global ETF industry reached a valuation of $10.99 trillion and has been growing rapidly ever since. Given this expansion, more and more cryptocurrency enthusiasts and investors have been looking for ways to capitalize on the potential of this sector.

    ETFSwap (ETFS) forms a bridge between the traditional and decentralized finance (DeFi) ecosystems. This platform provides investment opportunities to global investors, giving them access to trillion-dollar sectors such as healthcare, energy, technology, commodities and more

    ETFSwap (ETFS) offers crypto investors a new service that has never been seen before in the industry. It provides access to the trillion-dollar market of traditional ETFs and allows them to expand their investment portfolio by tokenizing these assets for easy trading. But perhaps ETFSwap (ETFS) is truly superior to its competitors because it offers an easy on- and off-ramp for trading both cryptocurrency and fiat ETFs, coupled with the decentralization of the Ethereum blockchain.

    Over the next year, the platform plans to complete its roadmap with the full launch of the ETFSwap (ETFS) trading platform, open to everyone. Additionally, it will launch its partnership program, launch its decentralized staking application (DApp), and introduce community rewards.

    The token will be launched on decentralized exchanges such as Uniswap, with public trading to follow. This is accompanied by a comprehensive marketing rollout such as CoinMarketCap Fast-Track, Key Opinion Leaders (KOLs) and token competitions.

    The ETFSwap (ETFS) platform was byCyberScopea leader in the blockchain security industry,subjected to strict testing . The audit found no vulnerabilities in the contract and the company declared the platform safe for investment.

    Before fully launching the platform, the company is focused on obtaining all necessary licenses to offer this novel service to investors worldwide. To sweeten things, there is no KYC (Know Your Customer) required, meaning investors just need to connect their wallet to start trading on the site.

    ETFSwap (ETFS) is already enjoying unprecedented adoption among users in various regions of the world. Currently, the innovative platform has recorded more than 4,000 users in just a few weeks.

    This surge in adoption is fueled not only by the advanced trading technology and features of ETFSwap (ETFS), but also by the increasing interest in token ETFs in the digital asset landscape.

    Important milestones and advances in presales

    Thanks to ETFSwap users, ETFSwap (ETFS) has successfully reached important development milestones. With the help of institutional investors, ETFSwap (ETFS) was able to raise over $750,000 in its private financing round.

    In addition to the growth of ETFSwap’s user base, over 75 million tokens were sold in the first phase of the ongoing presale.

    The ETFSwap team noticed the increase in sales and through a strategic decision increased the ETFS token price from $0.00854 in the first presale phase to $0.01831 in the second phase. The public advance sale has in a few weeksin total raised over $1.5 million.

    For more information about the ETFS pre-sale:

    Users can visit ETFSwap Presale

    Users can join the ETFSwap community

    Contact

    Jacob Moss

    ETFSwap LLC

    [email protected]

  • Sensay introduces a revolutionary AI innovation and secures $3 million in ICO

    Sensay introduces a revolutionary AI innovation and secures $3 million in ICO



    London, United Kingdom, April 2, 2024, Chainwire

    Sensay, creator of digital twins on the blockchain, is celebrating major success after raising over $3 million in a successful ICO. This funding success marks the beginning of the launch of the SNSY token and cements bootstrapping company Sensay as a leader in the digital identity space, surpassing seed-funded competitors who have yet to launch products.

    Innovative digital heritage

    Sensay’s innovative platform for creating authorized AI twins opens up new opportunities for the creation and distribution of intellectual capital. With the SNSY token, Sensay offers a decentralized infrastructure that revolutionizes the way digital identities are managed and monetized, promising a future where digital twins continue to add value indefinitely.

    The rapid completion of the ICO, with the tokens selling out in record time, shows the market’s confidence in Sensay’s vision and technology. Sensay CEO Dan Thomson explained:

    “This is a significant initial achievement and the first milestone for us, exceeding industry benchmarks and setting a new standard for digital identity monetization. The potential for our technology to transform the digital legacy landscape is now clearer than ever.”

    Traction and strategic partnerships

    Sensay has over 25,000 monthly active users and a vibrant community of over 50,000 members. Recognition as a TedAI Hackathon finalist and a top three spot on Product Hunt, supported by the Oxford AI Society, demonstrate Sensay’s influence and innovation. Strategic partnerships with Fetch AI, SingularityNET, Banyan (Filecoin), AIOZ, SolvCare and LayerZero further strengthen Sensay’s technological edge and market reach.

    Future growth

    The SNSY token is scheduled to be listed on leading centralized exchanges as well as the decentralized exchange Uniswap on April 2, 2024. The team is proud that the public sale of Sensay has attracted the attention of influential people, investors and industry partners.

    Proceeds from the public sale will support further innovation and expansion. Sensay invites individuals and companies to explore the potential of the SNSY token and participate in its growing ecosystem. Those interested can https://snsy.ai for more information visit and join the digital legacy revolution.

    About Sensay

    Sensay creates lifelike digital AI twins that offer limitless potential. The blockchain-verified digital twins go far beyond what was previously known. Starting with Twins for people with dementia and their families, the technology is having an immediate social impact.

    Further information can be found here

    Interested parties are invited to view our digital twin
    to ask founder Dan Thomson individually:

    sensay.io/replicas/dan

    Or you can visit the
    Website | Deck | Tokenomics | Twitter | Telegram | Discord
    Contact / Management: And Thomson, Sensay, [email protected]

  • New crypto project Xuirin Finance challenges Polygon

    New crypto project Xuirin Finance challenges Polygon



    Bankstown, Australien, 26.03.2024, Chainwire

    Xuirin Finance is an exciting new project in the cryptocurrency world that is all about bringing fresh ideas, being flexible and having a clear plan for the future. Xuirin Finance (XUIRIN) is a rising star in the decentralized finance sky.

    The project was created after MATIC (now Polygon) entered the crypto scene to make Ethereum more scalable. Since then, a lively competition has developed among several Ethereum scaling projects that are trying to improve Ethereum’s scalability in different ways.

    The Xuirin team believes that being tied to Ethereum means that any big change there could cause problems for Polygon, and therefore there is room for a new competitor in the ecosystem.

    The Xuirin Finance features

    • Early success and big plans: Xuirin is a notable entry into the world of cryptocurrencies, raising money through its pre-sales. But it’s not just about growing; Xuirin has plans to offer a whole range of financial services online and do things that no one else is doing yet. 
    • Standalone: Instead of relying on Ethereum like other Ethereum scaling solutions, Xuirin is building its own blockchain. That could make it more flexible and less prone to problems that aren’t even its fault.
    • A sophisticated ecosystem: Xuirin is building a system in which its token, XUIRIN, is very useful – for making decisions, saving, and a range of other services. This could make the token more valuable and widely used.

    Xuirin Finance versus Ethereum scaling solutions

    Xuirin has special features that give it advantages over other Ethereum scaling solutions. Xuirin has its own blockchain and a wider range of services, which suggests that it will be ahead in the future.

    Xuirin Finance stands out with its big ideas like DeFi debit cards, a smart payment system, AI-driven loans, and a secure wallet that works across multiple blockchains. This ambition and rapid fundraising show that it is a project to keep an eye on in the rapidly changing world of decentralized finance.

    What is Xuirin Finance?

    Xuirin Finance is a groundbreaking DeFi platform committed to transforming the decentralized finance scene. Aiming to bridge the gap between traditional finance and DeFi, Xuirin introduces innovative solutions such as DeFi debit cards, AI-powered P2P lending, and a secure multi-chain DeFi wallet. Xuirin aims to redefine financial transactions and make them more efficient, transparent and inclusive, making it easier to access and empowering users.

    Further information can be found at
    https://xuirin.com

    Click here for pre-sales
    Xuirin Finance

    And here you can find the link tree
    https://linktr.ee/xuirin

    Contact
    Aleksandar Milenkovic
    XUIRIN FINANCE PTY LTD
    [email protected]

  • IOTA launches audit trails for verifiable supply chains and compliance

    IOTA launches audit trails for verifiable supply chains and compliance



    • IOTA has released Audit Trails as an open source solution, expanding its notarization toolkit to include organized, tamper-proof workflow histories.
    • The release fits into IOTA’s stronger focus on real-world applications in trade, supply chains, customs processes and digital infrastructure.

    IOTA continues to expand its infrastructure for verifiable company data. With IOTA Audit Trails, the Foundation presented a new open source solution on June 11, 2026, which is intended not only to document business processes, but also to make them auditable across organizational boundaries. Cryptorevolution.de explains this furtherthat the solution is part of the IOTA Notarization Toolkit and is already available as an alpha version.

    IOTA relies on verifiable histories instead of isolated data points

    The approach addresses a problem that many companies are familiar with. Business data is often distributed in databases, tables, internal logs or manual reports. As soon as several parties are involved, such as suppliers, customs authorities, inspectors or customers, a gap in trust quickly arises. Who created which data set and when? Was an entry changed later? And did the person or system even have the authority to do this?

    This is exactly where IOTA Audit Trails comes in. The solution does not necessarily anchor confidential documents themselves on the blockchain, but rather events, hashes, metadata and evidence. Sensitive content can remain off-chain, while the order and integrity of entries becomes verifiable on-chain. According to IOTA, companies should be able to understand who did what, when and under what authorizations in a process.

    Technically, Audit Trails comes with several governance functions. These include role-based access control, delegable rights via so-called capabilities, tag rules and locking rules for write rights, deletion windows and the subsequent blocking of a trail. Developers can integrate the solution into JavaScript and TypeScript applications via Move, a Rust SDK, or WebAssembly bindings. According to IOTA, it is available on Testnet and mainnet.

    The focus is clearly on trade and supply chains

    Audit trails become particularly relevant where data from multiple parties needs to be checked. IOTA names, among other things, supply chains, digital product passports, customs processes, compliance, clinical studies and IoT systems as possible areas of application. For Digital Product Passports, manufacturers could document life cycle data, maintenance, certifications or tests in a comprehensible manner without having to disclose internal original data.

    The release does not come in isolation. At the end of April, IOTA had already implemented a consensus upgrade on the mainnet with Starfish, which is intended to strengthen the reliability of the network under real, imperfect conditions. The ADAPT implementations in Kenya, Morocco and Nigeria also show that IOTA 2026 relies particularly heavily on digital trading infrastructure, verifiable data and institutional applications.

    However, IOTA remains cautious on the market. The token was last quoted at around $0.049 and thus continued to move in a narrow trading range. For the project itself, however, the more important question is whether the new building blocks such as Audit Trails, Starfish and ADAPT will actually create resilient enterprise applications.

  • Bitunix launches Trading Competition “TradFi vs Crypto” with a prize pool of 630,000 USDT

    Bitunix launches Trading Competition “TradFi vs Crypto” with a prize pool of 630,000 USDT



    Bitunix Exchange has announced a new trading campaign titled “TradFi vs Crypto: The Ultimate Showdown,” offering eligible participants a total prize pool of 630,000 USDT.

    The campaign runs from May 12, 2026 at 10:00 UTC to May 25, 2026 at 23:59 UTC. The event is only open to invited users who successfully register.

    Users only need to register once to take part in both competitions:

    • The TradFi Trading Competition with rewards of up to 180,000 USDT
    • The Crypto Trading Competition with rewards of up to 450,000 USDT

    To qualify for rewards, users must achieve a valid trading volume of at least 50,000 USDT in one of the two competitions.

    Bitunix explained that only futures trading volume with actual trading fees paid counts towards the competition. Both opening and closing trades are taken into account. Trading conducted with fee discount vouchers or futures bonuses only counts pro rata based on the actual fees paid.

    Leaderboard rankings and trading volume data will be updated every 15 minutes during the event.

    Rewards will be distributed and issued as Futures Bonuses within seven business days of the end of the campaign.

    Bitunix also stated that users who engage in unfair activities, including wash trading, volume manipulation, or registering multiple accounts, may be excluded from the event.

    The campaign comes as Bitunix Exchange continues to expand its TradFi offering, which includes trading access to assets linked to traditional financial markets. The exchange announced that user interest in these products has continued to grow in recent months.

    Bitunix continues to expand its product offering and trading infrastructure as the platform continues to expand its global user base. The exchange focuses on derivatives trading, but also offers spot trading.

    For more information about the campaign, visit the official website Bitunix.

    About Bitunix

    Bitunix is a global crypto derivatives exchange trusted by more than 5 million users in over 150 countries. Guided by its core principle of “better liquidity, better trading”, the platform is designed for traders who expect more and is committed to providing Ultra Trust, Ultra Products and Ultra Experience. Bitunix offers a quick registration process and a user-friendly verification system supported by mandatory KYC to ensure security and compliance. With global protection standards Proof of Reserves (POR) and the Bitunix Care Fund The exchange focuses on user trust and the security of funds. Industry-leading innovations like Fixed Risk, a TradingView-powered charting suite, as well as indicator alerts and cloud-synced templates provide a seamless experience for both beginners and advanced traders. This makes Bitunix one of the most dynamic platforms on the market.

    Bitunix Globale Accounts

    X | Telegram Announcements | Telegram Global | CoinMarketCap | Instagram | Facebook | LinkedIn | Reddit | Medium

  • Fed minutes keep Bitcoin traders guessing as Iran risk clouds next four weeks

    Fed minutes keep Bitcoin traders guessing as Iran risk clouds next four weeks



    • Federal Reserve minutes show officials debating both possible rate cuts and possible rate hikes, with inflation and the Iran war pulling policy in opposite directions.
    • Bitcoin is hovering near $71,000 and analysts are divided between a rebound if risk appetite improves and a further pullback if macro pressures return.

    The last meeting minutes the Federal Reserve did not give the markets a clear signal. Some officials said rate cuts could be needed later this year if growth weakens. Others argued that upward adjustments could be necessary if inflation remains above target, particularly if higher energy costs continue to impact the economy.

    The Fed left interest rates unchanged in March at 3.50% to 3.75%, while its forecasts still pointed to a median policy rate of 3.4% by year-end, broadly implying a rate cut this year rather than a rapid easing cycle.

    Interest rates, oil and the return of macroeconomics

    This is significant for Bitcoin because the token trades more like a macro-sensitive asset than a pure safe-haven asset. It rose with general relief following the two-week truce between the US and Iran, but the truce already appears fragile and oil prices remain well above pre-war levels. Traders now estimate the chances of a Fed cut by year-end to be only about one in four, after briefly betting more aggressively on easing.

    The $75,000 question

    For the next four weeks, the short-term uptrend is clear. If the truce holds, oil prices remain contained, and weaker inflation data restores confidence in future Fed cuts, Bitcoin could rise further from the current $71,000 level.

    This case is also supported by renewed institutional demand, as Bitcoin ETFs raised about $471 million on April 6, the largest daily inflow since late February. Longer-term bulls like Bernstein have argued that Bitcoin may have already found a bottom as institutional ownership reshapes the market.

    The bear market case is honestly less complicated. If the ceasefire with Iran fails, oil prices rise again and hopes of a rate cut fade, Bitcoin could quickly lose momentum. More cautious analysts are watching to see whether Bitcoin can decisively reclaim $75,000. If that’s not the case, the market still looks vulnerable to another pullback rather than a clear breakout.

  • Kraken Transparency Report 2025: Growing Responsibly in a Regulated World

    Kraken Transparency Report 2025: Growing Responsibly in a Regulated World



    • Kraken is one of the oldest crypto exchanges in the world. The core business consists of spot trading, futures, staking services and the custody of digital assets.
    • Today, Kraken also operates the US bank Kraken Financial and offers services such as over-the-counter trading and professional custody to institutions.

    Kraken lays with his Transparency report 2025 again present numbers that represent the Influence of regulation to make the crypto industry visible. The report shows: The number of government requests for customer data is increasing. Kraken interprets this as a commitment to responsible growth.

    There were a total of 7,957 official requests for information to Kraken in 2025 – an increase of 16.5% compared to the previous year. The requests came from 74 countries and affected more than 13,000 accounts.

    The more digital assets grow into the regulated financial sector, the greater the interest will become Supervisory and investigative authorities on the data of the crypto exchanges. Kraken emphasizes that the increase is not caused by customer misconduct in general, but also by fraud victims, testimony in court cases and normal tax audits.

    USA leads ahead of Great Britain and Germany

    As in previous years, most inquiries come from the USA. US authorities accounted for 27 percent of requests in 2025, led by the FBI with 677 individual requests. Great Britain follows, with a good eleven percent, and Germany with around six percent of inquiries. The geographical distribution shows that western jurisdictions continue to lead the way, while other regions are growing but not yet reaching the same volume. Kraken uses this data to underline its position as a globally operating but clearly compliant provider.

    More data requests – more data protection

    The decline in the transmission of requested data is remarkable: Kraken only released data in 51.3 percent of cases – in 2024 it was 57 percent. The company does not give any specific reasons, but refers to strict internal testing processes.

    Requests would be assessed for legal basis, jurisdiction and appropriateness of scope. Requests that are too broad or unclear would be answered in a restricted manner or rejected. With this, Kraken wants to fulfill both its obligation to cooperate with the authorities and the equally binding one Data protection progeny.

    Growth within a regulated framework

    The report is a signal. Kraken presents itself as an actor that wants to continue to grow in an increasingly regulated environment.

    More products, more markets and the growing Importance of crypto in payments inevitably lead to more contact with authorities. Kraken uses transparency to build trust – both with customers and with authorities.

    The message: We do not see regulation as a restriction, but as a framework in which professional market participants can exist in the long term.

  • Binance and Bitvavo strengthen VeChain with billions in staked VET

    Binance and Bitvavo strengthen VeChain with billions in staked VET



    • Binance and Bitvavo have joined VeChain with new validators and are staking 600 million VET each.
    • At the same time, the validator data shows a strong concentration at the top, as Bitvavo and Binance together account for almost 40% of the currently staked VET volume.

    VeChain has seen an influx of notable validators. According to Paul Noordam, Managing Partner and CTO of VeChain Stats, one validator from Binance and four from Bitvavo have joined. Both crypto exchanges are participating with a maximum stake of 600 million VET.

    Noordam sees the step as an important sign. It is also relevant for stakers because it has a direct impact on VTHO generation and thus on the revenue side of the network. Noordam wrote on Thursday via X:

    “Over the past two weeks, we have seen an increase in VTHO generation of around 9%. Since VTHO output scales with the total amount of VET staked, all node holders benefit. We are already seeing an increase in staking APY, especially for X-Nodes.”

    In a second point, he emphasizes that exchanges that operate validators themselves are signaling that they VET-Strike consider it “safe and attractive”. The current ones Pay from VeChainStats give weight to this classification.

    VeChain validator data

    The validator page currently shows 101 active validators, no queue and 101 of 101 online. The staking page simultaneously shows 7.65 billion VET staked, equivalent to 8.9%, an estimated VTHO issuance of 2,325 VTHO per block, and an estimated yield range of 2.0% to 9.8%.

    A look at the current validator data shows a concentration in the upper range. In the overview of active validators, the Bitvavo instances and the Binance validator dominate, each staking exactly 600 million VET and thus making up the top of the ranking.

    These nodes have almost identical stake weights and have already signed several hundred blocks, the Binance validator has around 365 blocks with around 924,000 VTHO in rewards, while individual Bitvavo validators have similar values ​​between around 876,000 and 886,000 VTHO.

    There is a clear break behind this: the next largest player, Betterswap, is already significantly lower with around 241 million VET, followed by Keyrock, Tesseract and other validators in the range between around 130 and 200 million VET. The data shows how strongly a small circle of large operators is currently positioning itself at the top of the VeChain validator set.

    Of the 7.65 billion VET currently staked, Bitvavo and Binance This makes up almost 40% of the currently displayed staking volume. But this doesn’t have to be a disadvantage. If large exchanges operate validators themselves, they can offer return products for users who do not want to manage their own wallet.

  • Report reveals Ripple founder Chris Larsen’s XRP deal

    Report reveals Ripple founder Chris Larsen’s XRP deal



    • SEC filings suggest Ripple co-founder Chris Larsen and related players could gain significant influence over XRP treasury firm Evernorth and its voting rights.
    • Protos sees this as a potential conflict of interest from which parties close to Larsen could benefit financially.

    A report from Protos has uncovered a dubious XRP transaction involving Ripple co-founder Chris Larsen that will be processed via a planned Nasdaq listing by Evernorth. The core issue is the question of how much influence Larsen, Ripple, RippleWorks and associated vehicles can have on the future listed XRP treasury company and what conflicts of interest this creates for future shareholders.

    How Ripple founder Larsen could gain influence

    Die revelation based on a 1,158-page SEC Form (S-4) dated March 18. According to Protos, it is disclosed that RippleWorks Inc., a tax-exempt non-profit organization co-founded by Larsen, contributed $500,000 in cash and 211,319,096 XRP to the Arrington XRP Capital Fund. As a result, RippleWorks holds the majority of the limited partner shares of this fund, which contractually owns the contributed XRP in full Evernorth-need to invest in stocks.

    Formally, control lies with the fund’s general partner, an LLC whose sole managing member is Michael Arrington. However, according to the report, Arrington is contractually obliged to involve RippleWorks when making decisions about Evernorth shares and to vote the shares according to their instructions. The wording in the filing is clear:

    “The economic interests of the sponsor are different from the economic interests of the holders of the public shares. This structure could create potential conflicts of interest between Mr. Larsen’s duties to Ripple, his influence over RippleWorks’ investment in the Arrington XRP Capital Fund, and the interests of Evernorth Holdings Inc. and its shareholders.”

    According to Protos, the Larsen Lam Children’s Remainder Trust is also contributing an additional 50 million XRP to the deal and will receive 1,832,454 Evernorth shares in return. At the same time, Ripple itself contributes another 126,791,458 XRP to the same company. Cash and XRP from Larsen’s non-profit, from Ripple and from a trust associated with his family flow into the same Nasdaq transaction.

    The SEC documents also attempt to weaken the influence. Larsen has “no direct control over RippleWorks’ voting or investment decisions regarding the Arrington XRP Capital Fund.” Furthermore it says:

    “His dual roles and connections could create situations in which his interests as an executive of Ripple differ from or conflict with the interests of Armada Acquisition and the holders of Armada Acquisition’s Class A common stock.”

    There is also the financial incentive. If XRP rises before the transaction closes, RippleWorks and Ripple will receive additional Evernorth shares through a closing adjustment mechanism, according to the report. If XRP falls, a contractually agreed share allocation still remains.

    Also explosive is Protos’ revelation that RippleWorks had $1.4 billion in assets in fiscal 2024, according to IRS filings, with 89% of 2024 revenue coming from sales of XRP, while CEO Doug Galen earned $845,945 in 2024.

  • US crypto regulation: SEC and CFTC end their rivalry

    US crypto regulation: SEC and CFTC end their rivalry



    • For years, US crypto regulation has been slowed by conflict between two regulators that would have been expected to cooperate: the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
    • The SEC is responsible for securities, i.e. stocks, bonds, funds, the stock exchanges and everything that falls under securities law. The CFTC is responsible for futures markets, derivatives, commodities and everything related to them, collectively known as “commodities”.

    Die SEC With the emergence of the crypto industry, considered itself responsible for almost all digital assets, including those that CFTC just as natural as raw materials and raw material-like goods – Commodities – considered to be within their jurisdiction.

    As a result, tensions arose between the two authorities, which became public from the moment the press got wind of it and slowed down the development of the entire US crypto industry.

    Regulation through enforcement

    The SEC has been pursuing a strategy of suing crypto companies for years, which lasted nearly five years Trial against Ripple is the best known example. This was often followed by compulsory enforcement or, at best, a settlement, which became expensive for the companies affected.

    The CFTC, however, argued that digital assets had the essential characteristics of commodities and therefore fell within its jurisdiction.

    This ongoing dispute led to an atmosphere of uncertainty in the crypto industry, as even established crypto projects could not be sure whether they would be targeted by one of the two authorities, and accusations of arbitrariness were increasingly voiced.

    Congress, which is responsible for legally sound legislation and thus also for the distribution of responsibilities of the executive branch, did nothing but let things take their course.

    Several legislative initiatives failed because Republicans and Democrats could not agree. The scandal of the legal vacuum became a permanent condition.

    EU set the standard

    While the European Union with the MICAR created a comprehensive set of rules, the USA lost touch. Capital flowed out and aspiring talent left because they did not want to work in a jurisdiction that was largely dysfunctional.

    SwissBorg: Swiss crypto service provider moves into the EU league thanks to the MiCAR license
    Picture: Swissborg

    International partners also criticized US case law on this point, and the industry increasingly called for a binding decision-making framework.

    Against this background, the agreement between the SEC and CFTC on March 11th regarding their responsibilities and the implementation guidelines published on March 17th represent progress, albeit one without a stable legal basis. In any case, it eliminates the legal vacuum that Congress had created through its incompetence.

    The agreement between the two regulatory authorities amounts to a declaration of political bankruptcy by Congress, because without its years of total failure the problem would never have arisen.

    New taxonomy as a framework

    A few days after their agreement, the SEC and CFTC published their joint statement, which contains a consistent classification of digital assets for the first time. A new crypto taxonomy is now at the core of US crypto regulation.

    It divides digital assets into five categories and defines which of them fall under securities law and which do not.

    The central message is: Most digital assets are not securities. Both authorities are thus abandoning the previously implicit assumption that digital assets initially generally fall under securities law.

    This reassessment creates clarity for companies, who now know which regulatory requirements apply. It gives investors security and prevents projects from falling into gray areas due to technical details. Another component of the joint declaration is the so-called lifecycle model.

    It states that a token can be issued as part of an investment contract and is therefore initially treated as a security. However, it can lose this status if the investment character is no longer the main focus of its use.

    This model corresponds to the reality of many projects and ends the previous practice according to which a token is permanently considered a security once it has been issued in this context.

    The mutual statement from the SEC and CFTC also contains clear rules for airdrops, mining, staking and related instruments.

    These areas have previously been legally controversial and were sometimes seen by the SEC as indicators of the security nature of digital assets.

    The new order creates transparency and prevents technical processes from becoming legal risks.

    SEC change of course

    The third step that completes the new crypto regulation is the SEC’s paradigm shift. The authority recognizes that the secondary market trading of many tokens cannot be classified as securities trading and adopts the lifecycle model as a binding basis.

    This change of course by the SEC is an admission of the agency’s mistaken attitude for years. Criticism from the courts evident in numerous rulings, pressure from Congress and growing international competition have forced the SEC to rethink its strategy.

    The agency accepted that digital assets do not fit into traditional securities law and that an order to be created jointly with the CFTC is necessary.

    This move will permanently change the American crypto industry. Companies can now operate without constantly having to expect lawsuits.

    Investors receive a reliable framework and the USA can make up for lost ground in global crypto development.

    Consequences

    The new American crypto order is a turning point. It ends the years-long rivalry between the SEC and CFTC, creates clear rules and gives the industry the legal certainty it urgently needs.

    It will facilitate the development of new projects, promote investment and strengthen the international position of the USA.

    At the same time, it is changing the political debate. In the future, Congress will have to deal with a framework that it did not create itself – and it will probably have to subsequently legitimize it legally.

    The discussion will then no longer revolve around questions of principle, but rather around the further development of a system that already works.

    The order now enforced by the agreement between the SEC and CFTC is not only the end of a development, but also a new beginning.