moomoomimo ∞/21m retweeted
Two Securities and Exchange Commission lawyers resigned after a federal judge sanctioned and sharply rebuked the Wall Street regulator for “gross abuse” of power in a crypto case. trib.al/5MjCTFK
moomoomimo ∞/21m retweeted
It’s as clear as you can get, really
I attended a talk last night with recently departed SEC crypto litigation leader Ladan Stewart, where she debated with @RebeccaRettig1 and @NYcryptolawyer over her agency's controversial approach.
In one notable exchange, Stewart said the SEC does not view tokens as securities, but instead their offer and sale.
"But then what do you register?" Rettig asked.
Stewart answered that the token, plus “all the stuff around the token,” is the security. “You can’t obviously register all the stuff, but you can register the token.”
“But we agreed that’s not the security, and that’s not the investment contract, either,” Rettig replied. “This is, I think, where the industry and the SEC have this divide, which is tell us what to do, and it’s hard to know.”
Cohen jumped in. “It’s impossible, it’s not hard.”
moomoomimo ∞/21m retweeted
Right now, every half-finished crypto investigation ends up collecting dust in a random group chat or some dude’s notepad.
Thousands of half-investigations don’t make a single whole.
Here’s to a future where we don’t have to start from scratch every time. 🍻
Today, we're launching the latest @_SEAL_Org initiative, and it's going to change crypto security forever. It's called SEAL-ISAC, and this is why we need it
moomoomimo ∞/21m retweeted
Privacy is normal.
Railgun uses the privacy pools protocol ( papers.ssrn.com/sol3/papers.… ) which makes it much harder for bad actors to join the pool without compromising users' privacy.
xitter.cf/WuBlockchain/status/17…
Vitalik Buterin (vitalik.eth) transferred 100 ETH (approximately $325,000) to Railgun at 17:40 UTC+8 today. Railgun is a EVM privacy protocol that enables DeFi private transactions. Over the past six months, Vitalik Buterin has been interacting with the Railgun using small amounts of ETH basically every month. platform.arkhamintelligence.…
moomoomimo ∞/21m retweeted
The UK government: "We want to make Britain the global hub for cryptocurrency investments"
The UK government, also: "BTC ETFs and crypto derivatives are banned because they are unreliable"
What a bunch of clowns 🤡🤣🐵
moomoomimo ∞/21m retweeted
Warren and Grassley want to know about SBF relationship with CFTC, but not with Gensler, who SBF privately met with via his father, and who was set to give FTX an exemption for US operations?
Such bs.
Lawmakers demand information on CFTC chair's relationship with FTX founder Sam Bankman-Fried theblock.co/post/288547/lawm…
moomoomimo ∞/21m retweeted
UFC lightweight Renato Moicano with another all-timer on the mic 🎤
"If you care about your country, read Ludwig Von Mises' 6 lessons of the Austrian Economic School motherf*ckers"
MMA fighters shilling Austrian Econ on ESPN?
Currency collapse signpost.
xitter.cf/JustTheFights2/status/…
moomoomimo ∞/21m retweeted
The following statement is attributed to @BlockchainAssn CEO @kristinsmith on @Uniswap receiving a Wells Notice from the SEC:
moomoomimo ∞/21m retweeted
USV has been investing in the digital asset sector for over a decade. We believe that blockchain technology allows for the creation of open, transparent, and efficient marketplaces that deliver value to consumers and creators.
USV also believes that most digital assets are not securities and are more similar to commodities, currencies, loyalty points, tickets, art and many other well understood assets that are not regulated by the SEC.
And yet the SEC continues to attack well intentioned innovators who are building digital asset businesses like our portfolio company Uniswap Labs which received a Wells Notice today.
We have long argued that Congress must act to write and pass legislation that gives companies in the US a roadmap for how to legally build digital asset businesses.
In the absence of that, the digital asset sector will have to make their cases in the court of law and we are confident they will prevail there.
Today Uniswap Labs received a Wells notice from the SEC
And we're ready to fight
This is the latest political effort to target even the best actors in crypto like Uniswap and Coinbase
All Uniswap products and the Uniswap Protocol are unaffected
t.ly/rp7h8
moomoomimo ∞/21m retweeted
Sometimes you have to laugh or else you'll cry. Question: how can you square the @SECGov's claim that @Uniswap acts as a broker with the Court's ruling against the @SECGov just a handful of days ago? Answer: you can't.
1/ Today’s Wells notice against @Uniswap is disappointing, but is not unexpected from this SEC
It’s another abuse of power – unsurprising from an SEC that:
Last month, a federal judge ruled committed a "gross abuse of power" by lying in court about a crypto project
moomoomimo ∞/21m retweeted
re: wells notice sent to @Uniswap, many have expected the SEC to go after them
SEC’s proposed changes to the definition of “exchange” made its view clear: autonomous code devs are exchanges under exchange act
last june, i filed a comment letter on behalf of @galaxyhq explaining the folly of SEC’s view—specifically as it relates to non-upgradeable smart contracts like uniswap. and it is folly
i just submitted a comment letter to the SEC on behalf of @glxyresearch @galaxyhq about the proposed amendment to the definition of “exchange”
the language could require developers of non-upgradeable smart contracts to register as national securities exchanges 🤯 more 👇
moomoomimo ∞/21m retweeted
More legal details, including why the SEC has not acted in good faith and why we’re going to win here from our CLO @ammori
xitter.cf/ammori/status/17781283…
1/ Today’s Wells notice against @Uniswap is disappointing, but is not unexpected from this SEC
It’s another abuse of power – unsurprising from an SEC that:
Last month, a federal judge ruled committed a "gross abuse of power" by lying in court about a crypto project
moomoomimo ∞/21m retweeted
1/ Today’s Wells notice against @Uniswap is disappointing, but is not unexpected from this SEC
It’s another abuse of power – unsurprising from an SEC that:
Last month, a federal judge ruled committed a "gross abuse of power" by lying in court about a crypto project
moomoomimo ∞/21m retweeted
One-two punch from Tim Scott — blow up the admin for scapegoating crypto and ignoring illicit finance supporting Iran.
Glad he cleared up the “misunderstanding."
moomoomimo ∞/21m retweeted
ETH is bullish because it’s impossible to kill
Study anti-fragile systems
moomoomimo ∞/21m retweeted
Crucial reading for anyone who thinks staking somehow turns an asset like ETH into a security (it does not).
Great work from @evanmthomas 🔥
OPINION: Staking rewards do not make ETH — or ETH staking — into a security
blockworks.co/news/staking-e…
moomoomimo ∞/21m retweeted
Within one month, they posted a 47% overshoot on the largest budget in world history.
This means the US government itself has no financial controls. They have no idea what they're spending or earning. So when they hit the wall, it will come suddenly.
Act accordingly.
moomoomimo ∞/21m retweeted
I’ll donate $100,000 USD worth of whatever Crypto @adam3us wants to the charity of his choice if he accepts the debate. My prediction is that he will continue to be too much of an intellectual coward to accept. HijackingBitcoin.com covers what he did.
Would love to see @laurashin @blockworks or @cryptomanran host a debate between @olivierjanss and @adam3us