securities – Bitcoin Platform

Cardano Founder Says ADA and XRP Are Truly Commodities, Not Securities

BARKATTHEMOON — Sat, 19 Sep 2026 13:24:18 +0000

Cardano founder Charles Hoskinson believes that ADA and XRP should be considered genuine commodities under U.S. crypto regulation.

Hoskinson recently discussed why the CLARITY Act did not progress in the U.S. Senate, highlighting what he perceives as a key flaw in the proposed legislation’s approach to categorizing and overseeing digital assets.

Hoskinson Challenges Broad Commodity Classification

He pointed out that one of the main issues was the attempt to classify a wide range of digital assets as commodities and entrust the regulation of these assets to the Commodity Futures Trading Commission (CFTC).

Hoskinson argued that securities and commodities possess distinct characteristics that necessitate different regulatory strategies. He emphasized that the Securities and Exchange Commission (SEC) has a larger workforce and more extensive tools for market oversight, while the CFTC traditionally functions as a principles-based commodities regulator.

However, Hoskinson’s critique does not oppose the use of commodity regulation for crypto assets in general. Instead, he advocates for lawmakers to first determine which digital assets genuinely qualify as commodities and which should be classified as digital securities.

Hoskinson Affirms Cardano and XRP as Legitimate Commodities

He specifically mentioned Bitcoin, Cardano, and XRP as examples of crypto assets that he believes are truly commodities.

Hoskinson’s statements align with a significant regulatory development in the U.S., where the SEC and CFTC jointly issued an interpretation outlining the classification of various crypto assets, including digital commodities, digital securities, and stablecoins. Interestingly, Cardano and XRP were categorized as digital commodities.

XRP’s Legal Status Enhances Its Distinction

XRP has a unique legal history that influences its regulatory classification. In July 2023, the U.S. District Court for the Southern District of New York differentiated between XRP itself and how Ripple marketed the token.

The court did not deem XRP inherently a security but identified certain institutional sales of XRP as securities transactions, while Ripple’s programmatic sales on secondary markets did not qualify as unregistered securities sales under the circumstances.

This distinction separates the underlying crypto asset from specific transactions involving it.

Changes in Cardano’s Regulatory Landscape

Previously, Cardano was among the crypto assets involved in SEC enforcement actions against major cryptocurrency exchanges.

However, the regulatory environment has evolved. For instance, the SEC dropped its civil enforcement case against Coinbase in February 2025.

The SEC’s March 2026 interpretation established a broader framework for distinguishing digital commodities from other types of crypto assets.

Hoskinson Advocates for Global Regulatory Cooperation

Hoskinson emphasized the importance of international cooperation in cryptocurrency regulation.

Given that digital assets transcend borders, regulatory decisions in one jurisdiction can impact participants and businesses in other regions. As a result, Hoskinson suggested that the U.S. should seek mutual agreements with other jurisdictions to ensure that diverse regulatory frameworks can collaborate effectively.

His overarching argument revolves around establishing clear distinctions between digital commodities and digital securities while coordinating these regulations across different jurisdictions.

SEC rolls out long-awaited ‘innovation exemption’ for tokenized securities venues

BARKATTHEMOON — Sat, 19 Sep 2026 06:58:55 +0000

The Securities and Exchange Commission (SEC) has made it clear that synthetic security tokens that are derivatives and do not provide ownership of shares are excluded from regulation. The SEC only approves tokens that represent actual ownership of the underlying stock, ensuring that holders have the same rights and privileges as traditional securities, including receiving dividends and voting rights.

This exclusion may impact derivatives and debt instruments offered by offshore products like Robinhood.

The SEC’s innovation exemption is time-limited and does not require formal designation of platforms. Any platform that believes it meets the SEC’s criteria and can comply with conditions only needs to provide notice before launching a tokenization operation.

Starting with a 5-year window

SEC Commissioner Atkins has acknowledged that the policy is temporary, allowing firms to operate in a regulated environment while the commission considers further actions to facilitate onchain trading. He emphasized the need for durable rulemaking to ensure that onchain markets remain viable as capital markets evolve.

Tokenization is a significant experiment on Wall Street, with the SEC’s move carrying substantial weight. The concept involves representing ownership of assets like stocks, bonds, and investment funds on a blockchain, potentially enabling easier transfer between investors and financial platforms.

Solana’s Backpack Securities Draws Praise as Innovative

BARKATTHEMOON — Fri, 18 Sep 2026 14:01:01 +0000

Solana’s Backpack Securities is making waves in the cryptocurrency world with its groundbreaking approach to incorporating real stocks into blockchain technology. Praised by influential crypto commentator @CryoPalmar, this development sets Solana apart in the competitive crypto landscape and could potentially mark a significant shift in how traditional assets are managed on blockchain platforms. To delve deeper into this exciting news, check out the original tweet here.

The Story So Far

Amidst a market where many altcoins are stagnating, Solana stands out with its innovative Backpack Securities. This new offering has been hailed as revolutionary, especially by crypto expert @CryoPalmar, who highlights its ability to seamlessly integrate traditional stocks into the blockchain. This advancement not only boosts investor confidence in Solana but also has the potential to attract institutional interest. In a crypto market filled with uncertainty, Solana’s unique position offers strategic advantages that could prove to be game-changing.

Market Snapshot

Currently, Solana is experiencing a surge in interest, although specific trading volumes have not been disclosed. Despite the lack of concrete data, the excitement surrounding innovations like Backpack Securities is palpable. Traders are closely monitoring the market to gauge the impact of this development and anticipate any shifts in trading activity that could hint at future trends.

Solana is a high-performance blockchain platform tailored for decentralized applications and crypto projects. The emphasis on Backpack Securities underscores Solana’s commitment to offering distinctive solutions that blend traditional financial instruments with blockchain technology. This forward-thinking approach aligns with Solana’s mission to enhance the usability and accessibility of digital assets.

What to Watch

Traders are eagerly awaiting how Solana will capitalize on the buzz surrounding Backpack Securities. Key areas of interest include potential partnerships and advancements that could reshape the market landscape for Solana. Moreover, the broader implications of integrating traditional stocks into blockchain networks may influence trading patterns across the industry. Looking ahead, the market’s response to Solana’s ability to sustain its momentum amidst market fluctuations will be closely watched.

By leveraging Backpack Securities, Solana is setting itself apart in the crypto sphere and paving the way for a new era of blockchain innovation. Stay tuned for more updates on how Solana continues to push boundaries and redefine the future of digital assets.

Polymath and High Ridge Trust Partner on Tokenized Securities Infrastructure

BARKATTHEMOON — Tue, 15 Sep 2026 18:25:19 +0000

Polymath Research Inc., a leading provider of enterprise-grade infrastructure for regulated digital securities, announced on September 11th a strategic partnership with High Ridge Trust, a regulated U.S. trust company specializing in institutional digital assets. The collaboration aims to bridge Polymath’s tokenization technology with High Ridge Trust’s custody and trading capabilities, offering institutions a more streamlined entry into tokenized markets.

Bridging the Gap Between Technology and Regulation

This partnership brings together two key components essential for institutional adoption of tokenization. Polymath provides software for the issuance, compliance, and management of regulated digital securities, while High Ridge Trust offers the security, transparency, and institutional controls of a regulated trust company. By combining blockchain-based tokenization with traditional financial safeguards, the collaboration aims to create a powerful ecosystem that meets the needs of institutions looking to participate in tokenized markets.

Enhancing Custody, Trading, and Yield Opportunities

As part of the agreement, High Ridge Trust will leverage its institutional digital asset capabilities to provide custody and client-directed trading services for tokenized assets. This partnership also opens up potential yield opportunities as the tokenized market continues to evolve. Karen Wendel, President and CEO of High Ridge Trust, emphasized the importance of regulated financial infrastructure and clear responsibilities in facilitating institutional adoption of tokenization.

Expanding into Public Markets

This collaboration comes on the heels of Polymath’s recent agreement on August 18th to be acquired by TruGolf Holdings, a Nasdaq-listed company. The acquisition is poised to bring Polymath’s blockchain and tokenization infrastructure to U.S. public markets, subject to customary closing conditions. The growing interest in tokenized-securities infrastructure is evident in institutional deals such as ICE’s partnership with tZERO to develop NYSE tokenized securities infrastructure.

Both companies are committed to identifying technical and operational initiatives that leverage their respective platforms to create a more connected experience for institutions. However, it is important to note that these initiatives and the TruGolf acquisition are subject to market, regulatory, and closing conditions.