According to SolanaFloor, Jito Labs, Bitwise, Multicoin Capital, VanEck, and the Solana Policy Institute submitted an open letter to the US Securities and Exchange Commission (SEC) on July 31st, proposing the adoption of Liquidity Staking Tokens (LSTs) as a collateral mechanism in exchange-traded products (ETPs). The proposal specifically addresses the eight Solana ETF applications submitted in June of this year and an additional application submitted on June 25th.

Odaily News DeFi Education Fund disclosed that the Blockchain Regulatory Certainty Act (BRCA) was included in the latest version of the CLARITY Act. This is an important step in protecting non-custodial, peer-to-peer technology developers while maintaining strong regulation of custodial financial institutions. The revised bill reflects a prudent balance - based on the guidance issued by FinCEN in 2019, it clearly stated that when developers and infrastructure providers do not control customer funds, they should not be regulated as money transmitters.
Organizations supporting the statement include:
Coin Center
DeFi Education Fund
Solana Policy Institute
The Digital Chamber
Blockchain Association
Crypto Council for Innovation
Paradigm
Uniswap Labs
Jump
Bitcoin Policy Institute

Odaily News According to crypto journalist Eleanor Terrett, a joint statement from eight major crypto industry associations is about to be released, and Uniswap and Jump Crypto will also participate in the statement, expressing support for the inclusion of the Blockchain Regulatory Certainty Act (BRCA) in the latest version of the CLARITY Act. Eight major crypto policy organizations in Washington, D.C. issued a joint statement calling on Congress to include the Blockchain Regulatory Certainty Act (BRCA) in market structure legislation. These organizations include: DeFi Education Fund, Coin Center, Solana Policy Institute, The Digital Chamber, Blockchain Association, Crypto Council for Innovation, Bitcoin Policy Institute and Paradigm. They said the amendment is essential to protecting software developers and infrastructure providers who do not custody customer funds. The amendment was originally proposed by Tom Emmer and has now received bipartisan support from Rep. Ritchie Torres and others. Many in the industry see it as a fundamental policy guarantee for DeFi developers. The joint statement calls on lawmakers to include BRCA in the CLARITY Act, a House bill on digital asset market structure.

Odaily News Solana Policy Institute, Superstate Inc. and Orca Creative recently jointly submitted a proposal called "Project Open" to the U.S. Securities and Exchange Commission (SEC), advocating the issuance and trading of securities based on public blockchains to improve market efficiency and support existing regulatory goals. The proposal includes: digital equity registered as Token Shares, wallet addresses certified by KYC and training, shareholder registers recorded on the chain, non-custodial or compliant custodial wallet structures, instant settlement mechanisms, and peer-to-peer trading models based on smart contracts.