NEW: @FTI_US just got a no action letter from the SEC relating to their OnChain government money market fund. Essentially it opens the door for Franklin’s registered funds (mutual funds, ETFs etc) to hold its OnChain fund despite not technically satisfying 1940 act custody rules

🚨NEW: The @SECGov’s Division of Investment Management has issued a no-action letter to @FTDA_US, clearing the way for its registered funds to use its onchain money market fund ($FOBXX) to manage cash, including collateral for securities lending. The relief allows Franklin Templeton to custody and record ownership of those fund shares through its blockchain-integrated system rather than comply with certain legacy rules designed for physical securities. Franklin says the structure can support intraday trading, hourly NAV calculations and faster transaction processing.

INSIGHT: President Trump considers a proposal to index capital gains to inflation, which would automatically reduce taxable crypto gains for long-term $BTC and $ETH holders since the IRS treats digital assets as property.

New crypto scoop: Here come the SEC's Reg Crypto and the much anticipated Innovation Exemption for tokenized stocks. New twists in the IE -- an issuer opt out from third party token listings and tighter anti-money-laundering rules. (Alas, I am now in the deep crypto world where I say things no one outside it understands...) Link below.

Interesting: the SEC poised to roll out a pair of major initiatives in the coming days that could further turbocharge the US crypto industry as a landmark digital asset bill stalls in Congress. Scoop via @pattersonscott

Democrats get overruled by SEC - as expected sweeping Reg Crypto and Commodity Status rule changes move forward without Senate approval. The SEC is advancing major crypto rulemaking, including a planned proposal for “Regulation Crypto” (a tailored offering regime for certain investment contracts involving crypto assets), after the Digital Asset Market Clarity Act stalled in the Senate ahead of its August recess. SEC action: The agency scheduled a commission meeting for Friday, August 14, 2026, to vote on proposing Regulation Crypto. This would create a structured path for legal issuance of certain digital assets. SEC Chair Paul Atkins has indicated the agency is “ready, willing and able” to issue rules addressing many of the same issues as the Clarity Act (and broader Project Crypto efforts) if legislation does not advance. The Republican-majority commission can move forward without Democratic support on the agency. Broader agenda: Related efforts under Project Crypto (a coordinated SEC-CFTC initiative) include token taxonomy/guidance clarifying that most crypto tokens are not securities, an innovation exemption, broker-dealer custody rules, trading venue updates, and potential moves toward 24-hour trading or other market structure changes. The CFTC, under Chair Michael Selig, is partnering on taxonomy and jurisdictional clarity. @Bloomberg reporting.

"The missing piece that is powering tokenization from pilot to production is orchestration." Chainlink Labs' Charlie Durkin joined @thinkingcrypto to explain how CRE unlocks 24/7 near real-time collateral management and T+0 cross-border settlement.

GOLDMAN SACHS CEO CALLS ON SENATE TO PASS CLARITY ACT FOR THE CRYPTO BULL RUN TO START! WATCH ▶️ #crypto# #cryptonews# #clarityact# #goldmansachs# #banks# #senate# #tokenization# #sec# #stablecoin# #thinkingcrypto#