Odaily reports that XAUa, a tokenized gold product regulated in Hong Kong, has launched on Sui. The token is minted under Sui's Permissioned Asset Standard (PAS), issued by AlphaToken, with TBook responsible for distributing it to on-chain users. Each XAUa is backed by physical gold stored in Hong Kong, and holding and purchasing it require meeting eligibility criteria. Under PAS rules, issuers encode compliance rules into a Policy, and every transfer must pass validation before settlement; transfers that fail validation are rejected and balances remain unchanged. TBook has migrated and rebuilt its vault issuance platform onto PAS, allowing future RWA issuers to issue vaults with similar compliance controls directly on Sui.

Odaily reports that the U.S. SEC's securities tokenization innovation exemption mechanism has sparked industry controversy, with the focus on which blockchains meet the "public and permissionless" admission standards. Qualifying firms can operate tokenized U.S. stock trading platforms under specific requirements without registering as traditional securities exchanges. Currently, TSV LLC, OKXICE, and Kephas Corp. have submitted notifications to the SEC, planning to conduct business using Canton Network or Ethereum Layer 2, respectively. The Solana Policy Institute is calling for a stricter definition of "permissionless," with a focus on examining actual control over transaction validation, censorship, and rule changes; Hedera advocates expanding the scope to allow public chains that use permissioned validator nodes to participate; the Wall Street organization SIFMA is also seeking further clarification of the standards. SEC officials stated that firms may begin operations 30 days after submitting notification, without requiring SEC approval of the blockchain used on a case-by-case basis, but this does not mean the regulator endorses the relevant networks; the SEC is evaluating feedback and may issue supplementary guidance.

Odaily reports: Asset management firm Bitwise Asset Management and the Hyperliquid Policy Center submitted comment letters to the U.S. Securities and Exchange Commission (SEC) on Monday, calling for changes to proposed crypto rules to clarify token classification, airdrops, and secondary market trading rules.The SEC's proposed Regulation Crypto Assets would establish exemptions for qualifying crypto fundraising and provide a conditional safe harbor for tokens related to investment contracts. Bitwise is asking for clear standards by which investment managers can determine whether a token is subject to securities laws.The Hyperliquid Policy Center is asking for an expansion of the safe harbor's scope and for clear rules on airdrops that reward network participants and on token buybacks. The organization also wants the SEC to clarify whether unregistered intermediaries can facilitate token trading, and whether tokens can be freely traded through on-chain protocols.Former SEC enforcement official John Reed Stark and Duke University finance scholar Lee Reiners, meanwhile, are calling for the proposal to be withdrawn, arguing that it exceeds the SEC's statutory authority and weakens investor protection. The SEC will decide whether to revise, adopt, or withdraw the rule after the public comment period ends, and the final rule must take effect after a Commission vote. (Cointelegraph)

Odaily: Hyperliquid News posted on X that the Hyperliquid Policy Center is calling on the U.S. Securities and Exchange Commission (SEC) to exclude airdrops from the definition of securities.Its specific arguments include: codifying into rule the position the SEC proposed in March 2026 that free airdrops do not constitute a "money investment" and therefore are not investment contracts; extending this rule to announced airdrops, including periodic or recurring distributions, provided that the network is already operational, eligibility is based on usage or contribution (trading, validating, providing liquidity, governance), and the airdrop is not a means of fundraising. The Hyperliquid Policy Center holds that investment requires tangible and identifiable consideration, and that airdrops are rewards rather than investments; claim processes such as connecting a wallet, signing, paying gas fees, completing KYC/AML, or accepting terms of service should not be deemed consideration. Additionally, the rule should apply retroactively to past airdrops or cover Hyperliquid's native airdrop.

Odaily: Bitcoin News posted on X that MSCI is considering setting screening criteria that could remove Strategy, Metaplanet, and uranium-holding company Yellow Cake from its major indexes. Conner Brown of the Bitcoin Policy Institute said the screening would be based on "operating assets," but he believes neither US GAAP nor IFRS has defined this term. JPMorgan estimates that MSCI-related funds alone could be forced to sell approximately $2.8 billion worth of Strategy stock; MSCI is expected to make a decision by October 16.

Odaily星球日报讯 非营利智库 Bitcoin Policy Institute 发布论文指出，MSCI 拟议的“运营资产”筛选机制或导致比特币财库公司 Strategy、日本上市公司 Metaplanet 及铀持有企业 Yellow Cake 被移出主要指数。摩根大通此前估计，若 Strategy 被 MSCI 指数剔除，追踪相关指数的基金或将产生约 28 亿美元卖盘；若其他指数提供商跟进，卖盘规模或达 88 亿美元。MSCI 预计于 10 月 16 日或之前作出决定，相关调整或于 12 月 1 日前后的 11 月指数评审生效。（Bitcoin.com News）

Odaily reports: SEC Chair Paul Atkins stated at a Solana Policy Institute event that Congress should vote to advance the CLARITY Act and send it to the President for signature as soon as possible, but regardless of whether the bill ultimately passes, the SEC will continue to push forward its crypto regulatory agenda.Atkins said the SEC will focus on three priorities under the "Project Crypto" framework, including Regulation Crypto Assets (Reg CA), reforming transfer agent rules to incorporate blockchain into the digital ownership registration system, and establishing crypto asset custody rules for investment advisers and regulated funds. He described these three initiatives as the "three pillars" for building a regulatory framework for the issuance, transfer, and custody of digital assets in the United States. (CoinDesk)

Odaily News: HyperliquidNews posted on X platform stating that the Hyperliquid Policy Center has filed a brief with the federal court in Washington, D.C., seeking to dismiss the lawsuit filed by CME against the CFTC. Previously, the United States had authorized Kalshi to offer regulated perpetual contracts.

Odaily News, a report from the Cornell Brooks School Tech Policy Institute (BTPI) shows that if the US implements a de minimis exemption for Bitcoin and cryptocurrency payments under $300, federal net revenue is projected to increase by $859 million over 10 years, with a range of $172 million to $2.58 billion. The estimate assumes the number of digital asset payment users remains at 5.4 million.US Senator Cynthia Lummis' proposed bill S. 2207 seeks to exempt capital gains tax on related payments, with an annual cap of $5,000 on tax-free capital gains. Some other legislative initiatives aim to limit the exemption scope to regulated stablecoins, and discussions are still ongoing.BTPI stated that current capital gains tax and small transaction reporting requirements suppress daily Bitcoin payments. If transaction-level tax and reporting burdens are removed, Bitcoin payments and demand could increase; at current adoption levels, the near-term impact on Bitcoin prices and tax revenue may be minimal, while the long-term impact depends on factors such as payment scale. (Bitcoin.com News)

Odaily News: Bitcoin News posted on the X platform that a new analysis by the Cornell Tech Policy Institute estimates that exempting capital gains tax on small digital asset purchases could increase U.S. federal revenue by about $859 million over the next 10 years. The S. 2207 bill proposed by Senator Cynthia Lummis would exempt qualifying purchases under $300 from capital gains recognition, with an annual cap of $5,000 on exempted capital gains. According to the study, under core assumptions, every $100 in qualifying benchmark payments would generate $3.18 in net federal revenue.