WLD token sores and the SEC issues new guidance on tokenized stocks.

You're watching Coin Desk Daily. I'm Jan Senassi.

World Network's WLDT token skyrocketed over 27% following reports that OpenAI is building a biometric social network to kill bots.

According to Forbes, OpenAI CEO Sam Altman is exploring a new platform to verify users with Apple Space ID

or the World Orb, the iris scanning device central to the World Network project.

While no formal partnership has been confirmed, the rumor alone was enough to send the token flying.

The news comes as World Network faces regulatory heat in the UK and Kenya,

but the push to tie online identity to biometrics is clearly gaining traction in the age of AI.

The SEC is drawing a line in the sand for tokenized stocks.

In new guidance released Wednesday. Regulators warned that

synthetic tokenized equities, those created by third parties without the company's involvement

will face strict scrutiny. The agency distinguished these from issuer-sponsored tokens,

which it says can represent true ownership if integrated into a company's official register.

The crackdown comes after representatives from SIFMA, Cahill, Gordon, and Rindell, Citadel, and J.P. Morgan

met with the SEC's Crypto Task Force to argue that tokenized securities should be regulated under existing federal securities laws rather than a separate regime.

And officials from the White House will meet with crypto leaders and banking execs this week

to hash out the controversial yield provisions in the stalled crypto market structure bill.

Banks claim stablecoin rewards threaten their deposit base while the industry argues they benefit consumers.

This comes as cash is being injected into crypto's campaign finance.

The Fair Shake Superpack announced it has amassed a staggering $193 million war chest for the 26 midterms, fueled by fresh donations from Ripple and Andreessen Horowitz.

With nearly $200 million on hand, the crypto lobby is now one of the most powerful political forces in Washington,

ready to target anti-crypto lawmakers in key races. That's it for CoinDesk Daily. Get more updates

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