The Daily Wolf | The SEC just drew the line on who controls a blockchain

From The Daily Wolf with Scott Melker, live weekdays at 12pm ET on Yahoo Finance. 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 New Jersey rescinded its 2023 order against Coinbase staking, and Brazil's Mercado Bitcoin halted withdrawals after roughly $40 million was drained across ten chains. Timestamps0:00 Binance outflows reach $5.28 billion as deposits start outpacing withdrawals3:28 BlackRock posts $405 million of net outflows, its biggest day since June4:44 Tesla, Amazon, SpaceX and Netflix object to tokenized versions of their shares5:53 New Jersey rescinds its 2023 order against Coinbase staking7:16 The SEC adds three FAQ entries on governance and token status9:56 What gridlock would mean for crypto regulation10:42 Brazil's Mercado Bitcoin halts withdrawals after $40 million is drained13:08 A fake app in Solana's dApp store asked users for seed phrases #SEC #Crypto #Binance #Coinbase #Bitcoin #DailyWolf #YahooFinance Watch every episode on Yahoo Finance: https://finance.yahoo.com/videos/series/daily-wolf/ If you enjoyed this episode, follow the show and leave a rating. It helps more than you know. Follow Scott Melker:Watch on YouTube: https://www.youtube.com/@ScottMelkerFollow Scott on X: https://x.com/scottmelkerThe Wolf Den newsletter: https://thewolfden.substack.com Learn more about your ad choices. Visit megaphone.fm/adchoices