219486
Anoncounsel🎩
@anoncounsel #219486
michael passalacqua • sharing crypto & finreg stuff • views = my own • casts ≠ legal advice • not ur lawyer…unless you hire willkie farr
56 Follower 40 Following
Founders sometimes ask whether the juice is worth the squeeze when working towards decentralizing their project. These approvals reaffirm that the correct answer was always YES.
https://x.com/milesjennings/status/1793767602202030154?s=46&t=z7ze1jQzBwG8ed1eyBo8Tg
https://x.com/milesjennings/status/1793767602202030154?s=46&t=z7ze1jQzBwG8ed1eyBo8Tg
Another highly publicized loss for the current SEC & Chair Gensler. Won’t be surprised to see an uptick in enforcement as the SEC attempts to bury its continued Ls.
https://x.com/intangiblecoins/status/1791140960459514152?s=46&t=z7ze1jQzBwG8ed1eyBo8Tg
https://x.com/intangiblecoins/status/1791140960459514152?s=46&t=z7ze1jQzBwG8ed1eyBo8Tg
Gvt says exploiting MEV-Boost tampers w/ the integrity of the network. But MEV bots tamper w/ user activity all the time. False signature seems key here but still ironic imo to see gvt interference when the bots get rekt.
9227
codeofcrypto
@codeofcrypto·16:25 15/05/2024
Definitely following this one closely:
https://www.justice.gov/opa/pr/two-brothers-arrested-attacking-ethereum-blockchain-and-stealing-25m-cryptocurrency
https://www.justice.gov/opa/pr/two-brothers-arrested-attacking-ethereum-blockchain-and-stealing-25m-cryptocurrency
CFTC Chair Benham hinted at increased crypto enforcement last week. Today, we see it unfold. Government clearly remains committed to the regulation by enforcement meta.
https://x.com/kkirkbos/status/1790088026825150691?s=46&t=z7ze1jQzBwG8ed1eyBo8Tg
https://x.com/kkirkbos/status/1790088026825150691?s=46&t=z7ze1jQzBwG8ed1eyBo8Tg
The SEC’s pursuit of those that have shipped real products or tech has led to the rise of high-risk metas like the pre-sale craze. It’s time for smarter regulation.
https://x.com/malekanoms/status/1788577779153359298?s=46&t=z7ze1jQzBwG8ed1eyBo8Tg
https://x.com/malekanoms/status/1788577779153359298?s=46&t=z7ze1jQzBwG8ed1eyBo8Tg
Regulation should empower, not restrict.
https://x.com/ryansadams/status/1787468908947017733?s=46&t=z7ze1jQzBwG8ed1eyBo8Tg
https://x.com/ryansadams/status/1787468908947017733?s=46&t=z7ze1jQzBwG8ed1eyBo8Tg
Robinhood delisted certain cryptos deemed to be securities by the SEC, yet received a Wells notice by the agency. It’s evident that the SEC overlooks good faith compliance efforts when made by crypto companies.
https://x.com/timccopeland/status/1787463739119170014?s=46&t=z7ze1jQzBwG8ed1eyBo8Tg
https://x.com/timccopeland/status/1787463739119170014?s=46&t=z7ze1jQzBwG8ed1eyBo8Tg
Sue or be sued (or both) is the leading theme of this cycle. The silver lining is that we’ll continue to stack wins in the court room. Go get em @consensys 🔥
411897
Joseph Lubin
@ethereumjoseph·18:26 25/04/2024
Today, Consensys took an important step towards preserving access to ether and by extension the Ethereum blockchain in the U.S. We are suing the SEC and fighting back against its overzealous regulatory overreach. Find out more here:
https://consensys.io/blog/consensys-suing-sec-to-defend-ethereum-ecosystem
https://consensys.io/blog/consensys-suing-sec-to-defend-ethereum-ecosystem
Nice to see the DOJ (in a sentencing memo) acknowledge how DEXs rely on code & not intermediaries. Despite clear defi distinctions from tradfi, the current SEC ignores these facts and continues with its enforcement crusade.
The SEC’s purported tech neutrality stance rings hollow as US-based builders face relentless threats of enforcement. Do better, SEC.
https://x.com/ammori/status/1778128325996675577?s=46&t=z7ze1jQzBwG8ed1eyBo8Tg
https://x.com/ammori/status/1778128325996675577?s=46&t=z7ze1jQzBwG8ed1eyBo8Tg
SEC Commissioner @HesterPeirce pulls back the curtain on Chair Gensler’s “come in & talk to us” approach, exposing the agency’s lack of genuine interest in industry dialogue. The message to builders is clear: don’t bother.
Commissioners Hester Peirce and Mark Uyeda illustrate how a dialogue w/ the SEC results in the agency saying gg, anons. https://x.com/lex_node/status/1765391530427134271?s=46&t=z7ze1jQzBwG8ed1eyBo8Tg
It’s a good day when 8 U.S. attorneys general say the SEC is exceeding its delegated powers bc crypto assets ≠ automatic securities & SEC’s theory in Kraken serves as a power grab by the agency. Steady, lads. The tide is turning 🫡
Industry is already skeptical of the SEC’s genuineness when it encourages an open dialogue. This regulation by retaliation approach only reaffirms the skepticism. Difficult to see how the SEC can rebuild trust after this. @jchervinsky https://x.com/jchervinsky/status/1761033870139613514?s=46&t=z7ze1jQzBwG8ed1eyBo8Tg
SEC likes to play aggressive offense against industry. But here the SEC is caught playing defense as industry brings the heat. Hopefully this serves as a signal that the SEC’s relentless enforcement crusade will no longer go unchecked. https://x.com/amandatums/status/1760346084323344480?s=46&t=z7ze1jQzBwG8ed1eyBo8Tg
To show how the SEC has provided guidance to the industry, Chair Gensler cites to the 2019 FinHub framework. However, when CB relied on this guidance, the SEC sued them & alleged CB was “boost[ing] its own trading profits.” 🤔 https://x.com/iampaulgrewal/status/1735716481541996640?s=46&t=z7ze1jQzBwG8ed1eyBo8Tg
Don’t sleep on the MangoDAO prop that sought to appoint a DAO rep to handle U.S. regulatory scrutiny of the DEX. Regulators aggressively pursued DEXs in ‘23, so this may be a sign of what’s to come in ‘24. https://x.com/coindesk/status/1743305214428426355?s=46&t=z7ze1jQzBwG8ed1eyBo8Tg
SEC calls for more disclosures in the crypto space yet weaponizes (in the complaint) Kraken’s crypto asset-specific pages, which include info such as “about” & “how does it work.” Really hard to see how the SEC is regulating in good faith here.
fyi i’m recasting certain previous tweets to generate some content for my page 🫡
