EVP & General Counsel at GenuBank - Banking | Identity | Fintech | Digital Assets | Public chains 🚀🌙 | All tweets are my own

Reno, NV
Joined June 2015
Matthew Digesti retweeted
rocking my @weirdoBase beanie to a comedy show tonight - just felt right
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People vs protocols …. IYKYK
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Privacy and compliance are not mutually exclusive with cryptographic technology. I'm glad this convo is about to go mainstream in crypto circles. Next stop, regulators.
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Just some casual reading …
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Dear #nvleg and those ushering digital asset legislation through this session that very few legislators truly understand … Please speak to non-academic SMEs before reaching a decision. ⬇️
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If you are a believer in crypto, take nothing away from what happened to Silvergate & Signature Bank as anything other than this: If you want to see the future that crypto/Web3 has the potential to bring, we need to change. The ecosystem ran as far as it could without being an adult at the government table. That race failed miserably. Time to plan, act, and work like adults.
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The upside to the crackdown is self custody tech is about to explode…as it should. And why lots of us are devoting our careers to crypto. Self sovereignty. Keep building while they regulate centralized actors. And save up for the real policy battle when self custody is put in the cross hairs.
"The proposal would expand the reach of the custody requirements to crypto assets while likely shrinking the ranks of qualified crypto custodians....." add new crypto rules and make them nearly impossible to comply with seems to be the MO of the current SEC
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This
Replying to @AlexanderGrieve
When intermediaries financialize products, and exert effort to boost advertised “yields” for customers, they remove themselves from providing purely technical services. The industry needs to return to “long-term, responsible growth – instead of short term profit-driven incentives.” 👏🏼
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Thank you to our presenters & attendees for a great kickoff of the @Web3IDForum last week. Check out our website for a recording of the dynamic presentations from speakers such as @RepBillFoster, Phillip Shoemaker of @identity, Carole House of National Security Council, and more.
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This is it. This is the game. Education has never been more important.
REGULATION OF NONCUSTODIAL FRONT-ENDS đź§µ 1/ SBF caught lots of flak in October for suggesting that noncustodial front-ends be subject to a licensing regime (excerpt below). It's worth revisiting his suggestion, since it's likely to remain a flashpoint in policy discussions.
If crypto is going to have the impact that everyone in this space is pulling for, we need to be a united front. It’s a big enough tent where different views should be explored and let iron sharpen iron. Best ideas win. That’s how we get regulation right.
I lead legal at Uniswap Labs. The "cabal" of good lawyers doesn't say this. We have asked each other how a pathological liar like Gabe Shapiro still shows his face after losing all his money & credibility representing the Terra/Luna ponzi scheme as its Guernsey Trust "enforcer"
Web3 ID solves so many problems we have in the digital space. Excited to be part of the policy conversation. Kudos to @Web3IDForum for putting on a killer inaugural event. Give them a follow to stay up on things.
What a great event put on by @Web3IDForum . It's time that digital identity becomes a main part of the web3 policy conversation in DC and globally.
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Correct. Same fraud. Different asset class.
These blowups have not been crypto blowups, they have been banking blow-ups. Lending to the wrong entity, misvaluations of collateral, arrogant arbs, followed by depositor runs. See Long Term Capital, Savings & Loan and Sub-Prime blowups. All different versions of the same story
Here is the official lineup for the Congressional Staff Panel, “Evaluating Web3 ID Policy Reforms.” This session brings together industry experts to share their perspectives on improving Web3 digital identity for greater control, freedom, and economic opportunity for people.
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We are excited to announce the lineup for the Private Sector Panel, “Delivering Identification Innovation,” which will bring together industry leaders for a meaningful discussion on the future of digital identity and personal data ownership.
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Centralization, leverage and opacity are the common denominators. There is a certain ethos that if followed can prevent shakeouts that are all common tales as old as time.
if you're in this for the right reasons you can't help but be excited for the next buildup and run after these monumental shakeouts... all of this will lead to people valuing decentralization a lot more....
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Matthew Digesti retweeted
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Pumped to be moderating a panel at the Web3 ID forum in Washington D.C. We’ll be discussing legislative action to enable a future where data privacy & ownership is controlled by people rather than companies. If you're into decentralized identity follow web3idforum.org/
Replying to @Web3IDCoalition
Join the one-day summit to hear from an impressive roster of panelists including David Dorfman, Ben Crockett, Tim Weiler, George Leonardo, Phillip Shoemaker (@pbsIdentity), @TonyaJoRiley, and @MatthewDigesti.
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This one will be fun. If you're in DC on Nov. 17th, come hang out!
We’re incredibly excited to announce the panel lineup at the @Web3IDForum! Thanks to @TonyaJoRiley, @MatthewDigesti, @pbsIdentity, Tim Weiler, George Leonardo, & Sara Johnson for sharing your expertise as we help government leaders understand and legislate Web3 digital identity.
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I thought crypto imploded
This is what ADOPTION looks like.
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