Tim Mustow

Why ONDO needs CLARITY ACT ONDO has been structured purely as a governance token—and why passage of the CLARITY Act (Digital Asset Market Clarity Act) could unlock real value accrual for it from Ondo’s platform revenue. • Ondo Finance’s tokenized RWA products (OUSG, tokenized Treasuries, etc.) generate real revenue today. But that revenue flows to the corporate entities/DAOs managing the protocol—not to ONDO token holders. ONDO is deliberately a pure governance token right now: it lets holders vote on proposals, parameters, and treasury use, but it has zero direct fee share, revenue capture, or economic rights. This structure is a deliberate compliance choice under today’s murky regulatory environment. coincub.com Analysts and Ondo watchers have been explicit: the biggest open question for ONDO’s long-term value is whether/when the DAO can flip on a “fee switch” (routing a % of protocol revenue to token holders, programmatic buybacks, staking rewards, etc.). Right now, doing so risks the SEC arguing it creates an “investment contract” (Howey test) and reclassifying ONDO as an unregistered security—exactly the ambiguity the tweet highlights for XRP and other utility tokens. coincub.com Why CLARITY changes the game for Ondo The CLARITY Act (which just cleared the Senate Banking Committee) does precisely what the tweet says is missing: • Clearly separates SEC jurisdiction (securities) from CFTC jurisdiction (digital commodities). • Creates regulatory safe harbors and market-structure rules for trading, custody, and DeFi-style protocols. • Provides the “comprehensive federal framework” that institutions require before they’ll treat tokenized assets and their governance tokens at scale. @i Once that framework is law, the Ondo DAO can far more safely propose and implement value-capture mechanisms without the same regulatory landmine. Ondo itself has publicly celebrated the bill’s progress for exactly this reason—it unlocks institutional participation in tokenized RWAs and removes the uncertainty that currently keeps ONDO as “governance-only.” @ondofinance In short: the tweet isn’t talking about Ondo, but it perfectly explains the regulatory overhang that forces projects like Ondo to keep their tokens stripped of direct economics. Passing CLARITY removes that overhang and opens the door for ONDO to start accruing real platform value—just as the tweet argues is required for any utility/governance token to reach institutional scale. This is why you’ve seen ONDO price react positively to CLARITY momentum. perplexity.ai there is no comprehensive federal regulation for the trading of digital commodities and no clear path to resolve assets that started as investment contracts. CLARITY closes that gap.

@SaroshQ2022 Well said,

I love how people talk about TVL like it’s earnings or revenue. “Oh my God, TVL went from $600 million to $3 billion in less than 12 months.” Okay. Great. WTF does that mean or matter to your holders? Is TVL revenue? NO. Is it earnings? NO. Is it sales? NO Is it free cash flow? NO Is it margin expansion? NO Is it money being returned to token holders? NO Or is it just a large number people can put in a chart so everyone claps like a seal? It's so fucking ridiculous. Because this is where crypto loses me. In real world finance, if a company tells me assets went from $600 million to $3 billion, my next question is not, “Wow, what color Lambo?” My next question is how? What did those assets produce? Did revenue grow? Did earnings grow? Did margins improve? Did customers increase? Did usage become sticky? Did the business capture economics from that growth? Did shareholders benefit? That’s the part people skip. TVL can matter. I’m not saying it means nothing. It can show capital is entering a protocol. It can show users trust the platform. It can show liquidity depth. It can show adoption. It can show the system is being used. But TVL by itself is not a business model. A hotel can be full and still lose money. A restaurant can have a line out the door and still go broke. A bank can have deposits and still make terrible loans. So why do we look at crypto TVL like it automatically means token holders are getting paid? Look if I am paying attention so is BIG MONEY. Smart money. Crypto runs on liquidity, PERIOD. Not ONLY how much but it has to flow. Someday this will change. NOT today. Not for years maybe until then your stories and narratives don't matter.

@SaroshQ2022 Hey mate how do I dm you?

I said last week load up

@cryptofergani If you have 0 how do you make anything…….literally. Literally you need to invest more than 0 to make anything.. Literally what you are saying is 100% incorrect

You could be a millionaire in 3-6 months. Just think about it for a minute. You could literally move from $0 to $1m. Lock in.

@wallstreetbets @Recently_Rugged Please excuse the spelling mistakes!

My take is that the kack of value accrual to the token is possibly by design to reduce regulatory scrutiny given the previous SEC’s industry attacks. Allowed it to build, and although no official announcements have been made I’d hope/expect value accrual mechanisms to be implemented once the regulatory clarity is achieved. In addition I believe the team are prioritising long term growth/ market penetration capture as an early mover rather than pumping the token. Of course there is the possibility they are just sucking the investors dry, however I feel they are really trying to build a major playing in global decentralised finance, which likely will increase the token price exponentially, although unfortunately not necessarily in the short term

been spending time looking into $ONDO feels under-discussed relative to what they’re building curious what people think here

@Altcoinbuzzio Ondo now runs tokenized products for BlackRock - is this correct

FRANKLIN TEMPLETON JUST PUT $1.7 TRILLION ON SOLANA. Five ETFs tokenized and live through Ondo Global Markets. Growth. Income. Bonds. Gold. All onchain. A $1.7 trillion asset manager chose two chains out of hundreds: Ethereum and Solana. That's it. 24/7 trading. No broker. No market close. Any wallet. Anywhere. Ondo now runs tokenized products for BlackRock AND Franklin Templeton. Both on the same platform. Solana didn't get chosen for vibes. It got chosen for speed, cost, and throughput. The chain that captures institutional funds captures the cycle.

@SaroshQ2022 Jesus mate, so sorry to hear that. My thoughts are with you. I’m spending time with the kids and wife and can’t imagine your pain. Look after yourself

Hey everyone I wanna wish you a happy New Year for me I lost my father and my daughter. Make sure the kids are well. We talk crypto and money but it’s not everything. 2026. We will run in 26. Let’s go fam!

@SaroshQ2022 Great insight mate

Bitcoin — as I mentioned yesterday — they tried to take it down and crash it back to that previous low from November 25th. And this is purely on a technical basis. The short sellers wanted that retest. They pushed for it. The good news? They couldn’t do it. They didn’t have the fuel. If you look at the volume on the 25th and compare it to December 1st, the difference is night and day. The volume bar on Bitcoin yesterday wasn’t even in the same universe as the bar from the 25th. That tells you something right away: if you want to break a major low, you need real volume, real conviction, real pressure — and it just wasn’t there. Now flip over to stablecoin flows. Again, I’m keeping this strictly technical. We’ve already gone through liquidity, market internals, funding, derivatives — all of that. But on a chart basis alone, the candle yesterday didn’t even come close to the November 25th high. And the volume didn’t match it either. Same story: shorts tried to drive the move, but they couldn’t recreate the conditions that actually broke things the last time. And this is where the lesson comes in. When sellers go after a prior low and they fail — when they can’t take out old levels, when the volume doesn’t confirm the move, when the follow-through isn’t there — that tells you two things: Lack of conviction from the people pressing the short. They pushed it as far as they could, and the market didn’t go with them. Presence of buyers defending key levels. Someone stepped in. Maybe not aggressively, but enough to say, “No, we’re not breaking the floor today.” In technical analysis, this kind of action matters a lot more than people realize. Yesterday felt ugly and disgusting emotionally — for you, for me, for everyone watching it in real time — but structurally, it was extremely important. Markets don’t bottom on sunshine and butterflies. They bottom when sellers fail. And yesterday was the first real sign of seller failure we’ve had since this entire unwind started. That’s why this matters.

@afsheenjaf Tim that is!

@afsheenjaf That’s a great analogy I love it. In respect to this do you have any opinion on chainlink and Ondo? Regards T8m

You guys love chasing the next magic coin. Let me give you an entire framework that actually decides your future returns. The new CLARITY Act has rewritten the rules and you are still clueless what this actually means! A token can now move from a restricted zone to an open zone… and the easiest way to see it is this. Every token is an airport. Most are still fenced off… unfinished runways… no major flights allowed. That is the security phase. Heavy control… limited movement… no big capital can land. But a handful are about to be upgraded into international hubs. Once that happens… the airspace opens… the regulators step back… and banks… ETFs… and deep institutional money can land there without breaking a single rule. This is the shift CryptoX is blind to. The real game is not which narrative pumps. The real game is which airports are about to open their runways. The transition trade will define 2026. Front run the tokens that are getting cleared for international traffic… and drop the ones that will stay fenced off forever. And if that stings a little… good. Most of the zombie bags people cling to live in that fenced forever category. I review portfolios every day. I am not guessing. I am telling you what the data shows. So..if you are holding a central team coin (a token controlled by one foundation or small team) that cannot pass the decentralisation test… you are holding an airport no major airline will ever land in. And when the runways open for the real assets… your runway stays dark. #BitcoinOG #CryptoCommunity

Is it just me or would the use of chainlink prevented the recent 35% crash- The stable coin de-pegging on Binance as a result of no cross chain oracle (chainlink) resulting in auto deleverage, resulting in huge liquidations, resulting in (suspected) market maker/tradfi failure, resulting in huge forced sell off’s. Or am I delusional.

Chainlink identity oracles will allow regulated DeFi to scale KYC, AML, and permissions, all cryptographically verifiable.

@memehuntr @itzjoshuajake Wow really, why do you say that

@itzjoshuajake Ondo token is dead,in few months everybody forget about this joke project

In my opinion $Link and $Ondo are heavily undervalued

@SaroshQ2022 Hey mate love the posts and insight but you are Jekyll and Hyde, I gave you a compliment earlier today and you abused me. I’ve got nothing but respect for you but what was that about?

The irony of markets is that strength rarely feels like strength while you’re living it. It feels like exhaustion, confusion, and self-doubt. But that’s where experience comes in — knowing the difference between structural failure and temporary hysteria. This is hysteria. The plumbing is fine. Liquidity is fine. The system didn’t break — it just flinched.

@SaroshQ2022 When I said get away from the rubbish I was talking abou5 all the other crap posted not yours… I was actually complementing you, anyway maybe you misunderstood my comment..

If you know anything at all you know twitter is nothing but fucking garbage. Filtering thru garbage to get one useable fact

@SaroshQ2022 Agreed, but there are gems in there, like your feed that make it worthwhile, it’s just an ongoing task to get away from the rubbish

@SaroshQ2022 Hey mate, forget the naysayers, keep doing what you’re doing. Like with Ondo, if they can’t see the promise, their problem not ours. Love your work

I have been here before they told me Bitcoin is useless I held they told ETH is garbage I am telling you I don't do this for no fucking reason I have a past. I see shit others don't see. Sorry I am a loser fine. My past says otherwise

This is for every loud‑mouthed halfwits who think I blindly worship Ondo. Let me save you the trouble of whispering behind your keyboards — I don’t give a single flying fuck what you call it. Cult, conviction, obsession — label it however you need to soothe your fragile ego. I’m not here to convince you. I’m here because I see what’s coming, and I’ve got the conviction — and the capital — to stand where you can’t. Ondo is my 100% all‑in project. Not because it’s easy, not because it’s clean, but because it’s hard. Because this is what the early stage of empire building looks like. Everyone wants the polished product, but no one wants to see the blood, sweat, and sleepless nights it takes to become a major player on Wall Street. You think power just materializes out of thin air? No. It’s built brick by brick, regulation by regulation, partnership by partnership — while the peanut gallery screams “scam” from the sidelines. You think because crypto isn’t going up this month it’s useless? You are the same bunch of goldfish‑brained traders who vanish every cycle and come crawling back at the top. You call yourselves “early,” but you don’t understand what early actually looks like. Early is messy. It’s slow. It’s uncertainty and disbelief and everyone calling you insane while you quietly accumulate. Early means holding when it’s not convenient, when your conviction is the only thing left in the room that’s not collapsing. And that’s exactly why I’m here. You see hurdles. I see gates being built to keep the small minds out. Ondo’s not chasing memes or token‑of‑the‑week attention. They’re building rails — the kind of rails institutions will need to run real assets on blockchain infrastructure. While the rest of you chase dopamine hits and fake narratives, I’m watching an actual foundation being laid under this market. But you wouldn’t understand that, would you? Because you’re the same idiots who think if something doesn’t pump 200% in a week, it’s “dead.” You live off screenshots and hopium. You get giddy off green candles and panic at the first red tick. You call that trading? That’s not trading — that’s gambling with ADHD. You’ve mistaken noise for skill and attention for intelligence. So yeah, keep running your mouths. Meanwhile, I’m sitting on a 5x gain and a seven‑figure position — real numbers, not screenshots. You and your $500 meme‑coin portfolio are throwing shade from the cheap seats while I’m playing on the main stage. You think you’ve got opinions? I’ve got history. I’ve been through more market cycles than you’ve had birthdays worth remembering. You weren’t around when liquidity actually died. You weren’t there when traders were puking positions into a void because there was no bid. You weren’t there when you had to understand bonds, yields, and repo windows just to stay alive in this game. I’ve seen the pain, the euphoria, the resets, and I’m still standing. You? You’re still refreshing your phone waiting for someone to validate your bag. You think I’m emotional about this? No. I’m surgical. I know exactly why I’m in Ondo. They’re not chasing clout — they’re building the goddamn backbone of tokenized finance. You don’t need to believe it. The institutions already do. BlackRock knows it. Franklin knows it. The banks know it. Ondo’s building what they’ll all end up using. You just don’t see it yet because you’re busy chasing the next shiny narrative on X. And if you want to test me — if you want to come at me because you think you’ve got a “better take” — bring your A‑game. Come with actual data, not recycled Reddit bullshit. Because I was analyzing capital flows when you were still figuring out how to short a chart. I’ve been through dot‑com, subprime, QE, taper tantrums, crypto winters — and every single time, I’ve watched the loudest critics vanish once the smoke clears. You want to know why I stay calm when markets dip? Because I understand the system. I know how liquidity moves, where it hides, and when it reappears. I don’t need hopium — I’ve got structure. And structure wins long term. So while you’re busy counting retweets, I’m counting capital. You’ll fade into another anonymous handle crying “rug” and “scam” while I’m sitting on generational gains. Because that’s the difference — you want attention. I want results. So no, I don’t need your validation, your likes, or your approval. I’ve been doing this long before you even existed as a spark in the eye of a man whose name your mom couldn’t remember the morning after. You think your words cut deep? I’ve taken worse from markets that actually had teeth. Keep talking. Keep doubting. I’ll keep building. Because by the time you realize what Ondo really is, it’ll be too late to buy it — and too painful to admit you were wrong.

@SaroshQ2022 Glad to hear!

@TimMustow I love Link as well as PYTH

You ever notice how the best-performing tokens always look like shit before they explode? I’m not talking about hype coins. I’m talking about infrastructure — the projects actually building rails, not just farming attention. They sit there flat. No volume. No noise. The chart looks like it’s been dead for months. You start questioning why you’re holding it while every other token you’ve never heard of is doing backflips on your feed. And then it happens. One headline. One integration. One rotation of capital. And that “dead” token reprices completely — not because something changed, but because the market finally caught up. What looked forgotten was just understood too early. This happens every cycle. You think ETH was mooning before DeFi summer? You think SOL had hype before its network proved it could actually scale? You think any serious project pumped before it shipped something real? No. They all sat there. Unloved. Mispriced. Until they weren’t. Because that’s the nature of infrastructure. It’s boring… Until it’s essential. And when that moment comes, when the rails you’ve been holding start moving real capital — everything changes overnight. That’s the moment of repricing. The grind stops. The vertical begins. And the people who held through it? They’re not lucky. They’re just early. They held their belief. They had conviction. They had strong hands. And they had something most people never learn in this space — It’s called patience. That’s why I only hold infrastructure. Because when the switch flips, I don’t need hype. The rails are already mine. And that’s why, friends (Err... I mean haters), I’ve been holding — and adding — for months on end… a little thing I like to call $ONDO. Early. Quiet. Misunderstood. Exactly how I like it.

Always clearer in hindsight, I guess. I have to say I feel like you are reading my mind re Ondo- at least the price anxiety etc. The posts REALLY help re keeping the feelings in check, not to mention your obvious understanding of liquidity and markets which is way above my pay grade. Thanks, keep up the great work, and I really hope you’re right !!

@SaroshQ2022 Hey Sarosh, interesting interview with Bezos re prioritising building v share price of Amazon- really resonates with some of the things you highlight, needless to say the early price drawbacks in share price in the formative years