Editorial
Malairte Articles
Analysis, commentary, and context on US crypto policy, proof-of-work mining, commodity-coin classification, and how MLRT fits into the emerging regulatory map.
Tokenization vs. Native Coins: What MLRT Brings That Wrapped Securities Cannot
At the May 2025 SEC tokenization roundtable, Chair Atkins compared on-chain settlement to the analog-to-digital transition. But tokenizing a security is not the same as building a native commodity coin like MLRT.
The SEC's Token Safe Harbor and Why Mature, Mined Networks Like MLRT Already Qualify in Spirit
The SEC's March 2026 Token Safe Harbor proposal gives projects a path out of investment-contract status. A mature, mined network like MLRT already satisfies the spirit of the safe harbor by construction.
Stablecoins, Securities, and Sound Money: Where MLRT Fits on the Spectrum
The SEC's April 2025 stablecoin statement said covered stablecoins aren't securities because they aren't bought as investments. The same reasoning, applied honestly, lands cleanly on a born-mined commodity coin like MLRT.
Self-Custody Is an American Value: Running Your Own MLRT Node
At the SEC's June 2025 DeFi roundtable, Chair Paul Atkins called self-custody of one's private property a foundational American value. Running an MLRT node is how that principle gets exercised.
Why Proof-of-Work Mining Isn't a Security — and What It Means for MLRT Miners
The SEC's Division of Corporation Finance has said the quiet part out loud: mining a permissionless coin is not selling a security. That conclusion fits MLRT's design exactly.
Inside Project Crypto: Why MLRT Is Built for the Token Taxonomy Era
Inside Project Crypto, Chair Atkins outlined a four-category token taxonomy. MLRT, a born-mined network coin, sits cleanly in the digital-commodity bucket — by design.
Project Crypto and the Case for Open, CPU/GPU-Mined Networks Like MLRT
Project Crypto, announced in July 2025, is the SEC's framework for treating open, on-chain networks as first-class infrastructure. CPU/GPU-mined MLRT is exactly that kind of network.
A New Paradigm for Crypto: How MLRT Lines Up With Howey, Cleanly
At SEC Speaks 2025, Commissioner Peirce sketched a 'new paradigm' for applying Howey to crypto. A protocol-distributed coin like MLRT lines up cleanly with every part of it.
Financial Privacy Without Anonymity: How MLRT's Open UTXO Ledger Strikes the Balance
Commissioner Peirce's December 2025 privacy roundtable remarks framed financial privacy as a fundamentally American value. MLRT's open UTXO ledger sits on the privacy-without-anonymity line by design.