SEC Says Most Crypto Assets Are Not Securities
CW 12 The SEC said most crypto assets are not securities, providing regulatory clarity. Binance lowered VIP thresholds and expanded referral incentives. Meanwhile, the Resolve stablecoin was exploited, with unauthorized minting leading to losses and a sharp drop in USR value.
SEC declares most crypto assets are not securities
The U.S. Securities and Exchange Commission has issued sweeping guidance declaring that "the vast majority of crypto assets" are not securities. The landmark decision, announced by SEC Chairman Paul Atkins, effectively ends more than a decade of regulatory uncertainty for the digital asset industry. The guidance clarifies that activities including Bitcoin mining, staking, and airdrops do not constitute securities offerings. The CFTC subsequently stated it would work with the SEC to implement the Commodity Exchange Act, paving the way for bipartisan market structure legislation.
See announcement: https://www.sec.gov/newsroom/press-releases/2026-30-sec-clarifies-application-federal-securities-laws-crypto-assets
Binance VIP program overhaul
Binance has announced major updates to its VIP program, significantly lowering the barriers to entry for retail traders. The exchange has reduced BNB holding requirements for VIP tiers 1-3, making it easier for users to qualify for reduced trading fees. A new "Rising Star" program allows users with $30,000 in assets and 5 BNB to qualify for VIP benefits.
Additionally, the referral program has been expanded to allow commissions from VIP 2 users, not just VIP 1.
See announcement: https://www.binance.com/en/support/announcement/detail/4f379b9ab6314eff8fe02babfe255825
Resolve stablecoin USR hack
The Resolve stablecoin protocol has been exploited, with hackers creating 80 million USR tokens without authorization. The attacker initially used 100,000 USDC to mint 50 million USR tokens, then subsequently minted an additional 30 million USR using another 100,000 USDC. The newly minted tokens were used to purchase approximately 9,000 ETH, valued at roughly $20 million, with 5,500 ETH already transferred to a new wallet address.
In 4 hours of the hack, $USR value has dropped by 93% while $RESOLV just dropped 12%
Morpho USR-related activities such as https://app.morpho.org/vaults?search=usr have been affected by the incident.
See latest updates: https://x.com/ResolvLabs
About 1Token:
1Token is a digital asset investment management platform providing Crypto PMS, RMS, and Portfolio Accounting Software, managing over $20 billion in assets for more than 80 clients worldwide.
All-in-one support designed for allocators, portfolio managers, treasury managers and fund operations and accountants, seeking transparency and control.
- Front office (portfolio managers and traders) to view live position and exposure, calculate trading PnL and historical performance.
- Middle office (ops and risk) to maintain portfolios and API accounts, book OTC trades, monitor risk metrics and analyze VaR/STV, generate shadow NAV with investor subscription/redemption/dividend.
- Back office (admin and auditors) to collect and reconcile trades, generate valuation and PnL reporting under FIFO/WAC tax strategy.
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