The SEC just drew the line on who controls a blockchain

The SEC added three FAQ entries on Monday that say token holders who vote in on-chain governance are generally not a controlling group, so long as they are unaffiliated. Scott Melker walks through what that means for which tokens get treated as commodities, and why staff guidance still is not a rule. Binance says net outflows have reached $5.28 billion and deposits are now outpacing withdrawals. North Korea denies taking the money. New Jersey rescinded its 2023 order against Coinbase staking, and Brazil's Mercado Bitcoin halted withdrawals after roughly $40 million was drained across ten chains. Timestamps 0:00 Binance outflows reach $5.28 billion as deposits start outpacing withdrawals 3:28 BlackRock posts $405 million of net outflows, its biggest day since June 4:44 Tesla, Amazon, SpaceX and Netflix object to tokenized versions of their shares 5:53 New Jersey rescinds its 2023 order against Coinbase staking 7:16 The SEC adds three FAQ entries on governance and token status 9:56 What gridlock would mean for crypto regulation 10:42 Brazil's Mercado Bitcoin halts withdrawals after $40 million is drained 13:08 A fake app in Solana's dApp store asked users for seed phrases #SEC #Crypto #Binance #Coinbase #Bitcoin #DailyWolf #YahooFinance == AlphaSpace by Yahoo Finance: A Professional-Grade Investment Platform Built for Everyday Investors. 👉 https://finance.yahoo.com/about/promos/gold/alphaspace?ncid=100003571