The U.S. Commodity Futures Trading Commission and Securities and Exchange Commission have issued a joint interpretation classifying bitcoin, ether and XRP as assets that are not securities in principle. A CFTC commissioner unveiled a plan to bring retail crypto trades involving margin, leverage or lending under a separate federal regulatory framework and to create a new registration category for exchanges. The proposal also sets listing controls, custody-related requirements and a standard for “actual delivery” within 28 days.

The Solana Foundation introduced a new governance framework, Solana Governance Proposals (SGP), to let validators and delegators make protocol-level decisions on-chain. Validators with at least 100,000 SOL delegated can submit proposals. Voting power is based on delegated SOL, and proposals need backing from validators representing at least 15 percent of active staked tokens to proceed to formal voting. The foundation also broadened delegator rights and separated smaller upgrades into Solana Improvement Documents (SIMD).