Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt.

GM!

Today’s top news:

• Crypto majors are green with SOL leading; BTC +0.5% at $64.4k
• SEC proposes its first formal crypto rules with Regulation Crypto Assets
• Vlad Tenev posts “Tokenized Stocks in America,” calls on politicians to modernize securities rules
• Citi to introduce Bitcoin custody for its institutional clients
• Bitcoin ETFs see $487M in net inflows to start the week

🏛️ SEC Proposes First Formal Crypto Rules for Token Fundraising

For a decade, the SEC regulated crypto fundraising by lawsuit, suing token issuers one at a time without ever publishing rules explaining…