Jito is setting the gold standard for token alignment. @jito_sol now plans to route 100% of Block Engine + new BAM fees to their DAO treasury (prev split ~50/50 with Labs), following their 39/40 score on @blockworksres' transparency framework

If you liked @HesterPeirce’s speech from today, we did, too. :) Peep the footnote…. a @fund_defi paper by @glzavatone & Henry Michaelson — sooooo cool! Our team has done an insane amount of great work on this topic.

Another packed month for Jito! • Block Assembly Marketplace (BAM) launched 💥 • Anchorage Digital added JitoSOL custody, mint & burn • REX-Osprey Solana + Staking ETF $SSK added JitoSOL rewards • TipRouter upgraded to support Priority Fee distribution • & much more! 🔗📗⬇️

1/ PROJECT CRYPTO A mandate from the SEC Chair for the entire agency to update federal securities regulations so that crypto can flourish in the USA 🇺🇸 This is the start of the biggest push for regulatory clarity in crypto's history. The SEC has 3.5 years to make it a reality.

New episode with @buffalu__ out now! We discuss: - What is BAM? - The @jito_sol origin story - Solana perp DEXs vs Hyperliquid - Jito's impact on Solana - How to improve Solana, toxic flow & more! Links below ↓

A lot of people seem to have the hope that Trump will pardon the Samourai Wallet developers. While waiting for the Storm verdict, I took some time to read through the White House Digital Asset Report to see what this administration thinks of financial privacy, and my guys - if you still believe that the Trump WH is in *any* capacity friendly to these undertakings, you are in for a very rude awakening. Effectively, the White House urges FinCEN to deem *all* privacy measures in digital assets a “primary money laundering concern” under the PATRIOT Act. This includes: -> single use addresses, wallets and accounts -> swapping between networks & chains -> mixers, obviously -> “pooling” or “aggregating” cryptocurrencies from multiple wallets Many will now say: oh, but there’s so much good language in the report as well, like the protection of self-custody. That’s true, but the protection of self-custody is contingent on the *lawful exchange* of assets between users. That’s why the White House additionally urges Congress to ***expand the PATRIOT Act*** and ***amend the BSA to cover “DeFi” services***. To ensure compliance in “DeFi,” the White House suggests the implementation of digital identities, that would tie all of your transaction history to your name, so that “DeFi” services have the power to approve transactions. Even when implemented with ZKProofs, as the White House suggests, this would effectively turn a permissionless system into a permissioned one. I know we live in the age of celebrating all the Bitcoin wins, but sometimes things that glitter are just a massive pile of sh*t, my dudes.

.@SECPaulSAtkins and @SECGov just announced #ProjectCrypto that will enable tokenized securities in the US @superstatefunds is building the exact onchain infrastructure to meet to make this a reality

The SEC's new "Project Crypto" is the most bullish thing I've seen in a long time from a regulator. Read the speech, it's incredible: * Almost all tokens are not securities * Want to discourage decentralization kabuki theater * Americans should not get excluded by IP/VPN blocks * Explicit exemptions for ICOs, airdrops, etc. * Non-securities should be tradeable alongside securities on the same platforms * Protect software engineers * Streamline licensing requirements * "Innovation exemption" to protect builders pre-decentralization Wow. Wow wow wow.

First time waiting for a jury verdict? There are two main events to watch for: 1) the jury sends a note or question for the judge to answer, which might imply what they're thinking or what direction they're leaning — although reading tea leaves is hit or miss 2) the jury says they have a verdict — then everyone gets called back to the courtroom for the verdict to be presented Typically juries deliberate during ordinary court hours, so if there's no verdict by 5 pm, they go home and continue the next day. But that depends on the judge, who can decide to keep the jury after hours if they want. In federal criminal cases, the jury has to be unanimous to render a verdict. It's either 12-0 guilty, 12-0 not guilty, or else the jury "hangs" and fails to render a decision. One juror who refuses to go along with the other 11 can hang a jury. A hung jury ends the trial without a verdict, and then the government has to decide if they want to retry the case all over again. Sometimes they do, sometimes they decide they've had enough and walk away. A hung jury is generally viewed as a win for the defense. If the jury doesn't reach a verdict for a long enough time, or says they're hung, the judge might give an "Allen charge," which is basically an instruction for the jury to try harder. Judges hate when juries hang because of how much time and resources go into a trial. They don't want to run it again if they can help it. Lawyers love to speculate about whether short or long deliberations benefit the defense or prosecution. Generally, most agree that a long deliberation is good for the defense, because it means the jury is analyzing the evidence carefully and not just condemning the defendant based on bad vibes. It also can suggest a holdout juror who refuses to go along with the pack, and a hung jury is a win for the defense. Typically the verdict is binary: either guilty or not guilty on each count in the indictment. The jury doesn't have to explain their reasoning or address any particular factual or legal issue, unless there's a special verdict form that requires them to do so. There are no cameras allowed in federal courtrooms, so all we can do is wait for people at the courthouse to report here on any new developments. Waiting for a verdict is a uniquely painful experience. Just keep breathing....

🚨NEW: In a landmark speech at the America First Policy Institute, @SECGov Chair Paul Atkins unveiled “Project Crypto” -- a sweeping Commission-wide initiative to modernize securities regulation for on-chain markets, which he says aligns with President Trump’s goal to make America the “crypto capital of the world.” Here are some of the key highlights. 🧵