🔔 The @TRON DAO ecosystem just rang the bell in the U.S for the second time! Canary Capital closed the markets at @Cboe! 🔔
CanaryCapital is a crypto focused asset manager offering regulated investment vehicles across ETFs and private funds. 🔥
The Canary $TRX Staked ETF ( $TRXS ) gives investors a new way to access $TRX through the ETF market, with the added possibility of benefiting from staking.
Seeing $TRX in a space like this feels bigger than a celebration. A new step, and more options for accessing $TRX . 🚀
The SEC staff just issued new FAQs clarifying how federal securities laws apply to certain crypto assets and transactions.
A few points stand out:
▫️ Promoting a crypto system’s current utility or capabilities does not automatically create an investment contract.
▫️ Once a crypto system is functional, ongoing maintenance, upgrades and efforts to grow network effects generally would not count as “essential managerial efforts.”
▫️ If a functional crypto system has no central party, statements from the issuer are unlikely to create a new investment contract.
▫️ Certain staking receipt tokens can be classified as digital tools or digital commodities depending on how they operate.
This looks like another step toward giving the crypto industry clearer rules to work with.
The big question now: how will these guidelines shape token launches, staking and crypto marketing going forward? 👀
just finding out capital is flowing out of BTC and into high-beta L1s… SUI, NEAR, and AVAX are all posting double digit gains together. i’m always late to the rotation 😀