Regulatory Landscape - SEC Chair Paul Atkins suggests many ICOs, including network tokens, digital collectibles, and digital tools, should fall under the CFTC's jurisdiction, not the SEC's [1] - This stance indicates potential for ICO fundraising to resume in the U S without new legislation [1] Market Implications - The shift in regulatory oversight could lead to a resurgence of ICOs in the U S market [1] - Tokenized securities offerings would remain under SEC oversight [1]

Stablecoin Market Dynamics - Network-native stablecoins are emerging as a new trend [1] - The stablecoin market is becoming saturated [1] Network Value Capture - Networks that attract and secure stablecoins are in high demand [1] - Network tokens can capture value through network-native stablecoins [1] Key Players - HyperliquidX and megaeth_labs are among the first to adopt this approach [1] - Monad, Solana, and Arbitrum are expected to follow [1]

⚡️ UPDATE: Wintermute urges SEC to clarify that “network tokens” like $BTC and $ETH should not be classified as securities. https://t.co/jssntJ1sZC ...