04/24/2026 Newsletter
Knowpia Inc. Holds SEC Interpretation Meeting, Advances No-Action Letter Submission for Funs.AI Token Model
04/20 — Silicon Valley
Knowpia Inc. held an interpretation meeting with the U.S. Securities and Exchange Commission (SEC) to further explain its pending No-Action Letter (NAL) request, focusing on the token economic model of its Funs.AI SocialFi platform. During the meeting, Knowpia clarified its contribution-driven distribution framework and the compliance-oriented design of its preferred stock STO token structure. In response to SEC feedback, Knowpia is working with crypto legal counsel and its internal team to refine its submission materials. The company will incorporate guidance from the SEC’s March 17, 2026 interpretive statement and relevant securities law considerations to strengthen its regulatory framework. Knowpia stated it is progressing toward compliance and expects to formally submit the No-Action Letter in May 2026, marking a key milestone in advancing its compliant SocialFi model.
Over 100 Crypto Firms Urge U.S. Senate to Advance Market Structure Bill
More than 100 cryptocurrency firms and industry groups have urged the U.S. Senate to advance a digital asset market structure bill, emphasizing the need for clear and comprehensive federal regulation. The coalition argues that relying solely on regulatory enforcement is insufficient and calls for defined roles between the SEC and CFTC, along with stronger protections for innovation and developers. Industry leaders warn that continued delays could push investment, talent, and development overseas, weakening the United States’ position in the global crypto market.
tZERO Launches Regulated Marketplace for Web3 Secondaries
04/23 — New York, NY
tZERO has launched a regulated private marketplace designed for the secondary trading of illiquid Web3 assets, including locked tokens, SAFEs, SAFTs, and private equity in crypto-native companies. The platform targets institutional investors by providing a compliant U.S.-based environment with structured liquidity solutions and improved transaction execution. Featuring both OTC brokerage and a blind auction model, the marketplace aims to enhance price discovery and expand infrastructure for digital private markets.
