19771
Marisa
@mtcoppel #19771
Head of Legal @ Blockchain Association. Casts not legal advice.
Author of @ The Undefined on Substack.
130 Follower 70 Following
Today is the 1 week anniversary of @blockchainassn filing its first lawsuit against the SEC - challenging the dealer rule. It's unfortunate that it's come to this, but we're excited to defend our members and the industry alongside our co-plaintiff, the Crypto Freedom Alliance of Texas.
https://t.co/JnWZcKVXzO
https://t.co/JnWZcKVXzO
1/ My takes on the recent order in SEC v. Coinbase 👇
#1 - HUGE win for DeFi. The court dismissed the SEC's claim alleging Coinbase Wallet functions as an unregistered broker. Drastic SEC overreach. This is great for devs and those working on peer-to-peer tech.
🧵
#1 - HUGE win for DeFi. The court dismissed the SEC's claim alleging Coinbase Wallet functions as an unregistered broker. Drastic SEC overreach. This is great for devs and those working on peer-to-peer tech.
🧵
Happy new moon in Pisces (my favorite) - what are your intentions? 🌑✨💫
Themes:
- dreaming
- pleasure
- spirituality
- the natural world
Themes:
- dreaming
- pleasure
- spirituality
- the natural world
I think these two SEC commissioners may have a future in screenwriting. Painting a painfully accurate picture of the experience of an entrepreneur in this space.
🙏 Commissioners Uyeda & Peirce
https://www.sec.gov/news/statement/peirce-uyeda-statement-a-crypto-world-turns-03-06-24
🙏 Commissioners Uyeda & Peirce
https://www.sec.gov/news/statement/peirce-uyeda-statement-a-crypto-world-turns-03-06-24
Filed an amicus today with @fund-defi in support of Kraken's motion to dismiss.
Here's the breakdown:
https://warpcast.com/mtcoppel/0x5d5a2c7e
Here's the breakdown:
https://warpcast.com/mtcoppel/0x5d5a2c7e
1/ Today, @blockchainassn and @fund-defi filed an amicus brief in support of @krakenfx's fight against the SEC.
The case is yet another overreach of authority in the SEC’s long campaign to force most digital assets into its jurisdiction. 🧵
https://tinyurl.com/yr2txmnb
The case is yet another overreach of authority in the SEC’s long campaign to force most digital assets into its jurisdiction. 🧵
https://tinyurl.com/yr2txmnb
BIG NEWS: Today, a crypto market participant sued the SEC proactively for the 1st time. This is huge. All plaintiffs ask for is clarity - it shouldn't be this hard.
https://storage.courtlistener.com/recap/gov.uscourts.txnd.386710/gov.uscourts.txnd.386710.1.0.pdf
https://storage.courtlistener.com/recap/gov.uscourts.txnd.386710/gov.uscourts.txnd.386710.1.0.pdf
Happy new moon everyone 🌑
What are some of your intentions for this next cycle?
Themes of the cycle:
- caring for what we’ve planted for the future
- breaking norms
- fluidity and adaptability
- relishing in daily joys
- courage
What are some of your intentions for this next cycle?
Themes of the cycle:
- caring for what we’ve planted for the future
- breaking norms
- fluidity and adaptability
- relishing in daily joys
- courage
Nickname: muffin
I signed up for this meditation retreat at the end of April in Virginia. Thought I’d post here just in case anyone is interested! https://imcw.org/event/?eventId=1477
Will be my first silent retreat (not at my house haha)!
Will be my first silent retreat (not at my house haha)!
So yesterday, the SEC finalized the "dealer" rule. Below are my preliminary thoughts about what this means. Tl;dr - LPs, DEXs, RIAs, Prop Trading Firms may all be impacted. The SEC created yet another amorphous "facts and circumstances" test.
https://www.sec.gov/files/rules/final/2024/34-99477.pdf
https://www.sec.gov/files/rules/final/2024/34-99477.pdf
Discovering that my new scrolling habit is the /dogs channel here. One of the many ways Farcaster > Twitter/X. 🐕🐕🐕
Listened this morning - SO great!!
Thoughtful paper that begins a needed conversation re: illicit finance. Our current laws depend on the existence of an intermediary. But systems that don’t depend on intermediaries fundamentally cannot be regulated in the same way.
Thanks to @rebecca-r!
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4607332
Thanks to @rebecca-r!
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4607332
I love this so much
I’m sorry, but the traditional corporate form is not clean in this regard. Of course there are benefits, but we need a more egalitarian alternative. Pieces such as this one only spark fear for nascent tech that has so much potential.
https://www.wired.com/story/a-dangerous-new-home-for-online-extremism/
https://www.wired.com/story/a-dangerous-new-home-for-online-extremism/
Fall fruit of the mycelium in Shenandoah National Park
Over 25,000 comments have been received by the IRS regarding their broker rulemaking proposal. And over 12,000 have been posted to regulations.gov. Clearly a sign something is wrong with it. 🤔
https://www.regulations.gov/document/IRS-2023-0041-0001/comment
https://www.regulations.gov/document/IRS-2023-0041-0001/comment
Going camping this weekend and my dog Tabor has really taken a liking to his new sleeping bag.
The recent IRS proposal changes the definition of "broker" under the tax code. This is an existential threat to DeFi - would require software developers to collect users' personal info and conduct info reporting (e.g., furnish 1099s). Below are links that make it easy to have your voice heard by submitting a comment.
I make these weird watercolor collages and never know what the message will be until the end.
Let the witchiest season begin
The most effective action we can take to fight our separateness is to create more love in our collective consciousness.
The Clinton Admin's Framework for Global Electronic Commerce was introduced in 1997 and set the stage for innovation. Let's take this approach.
If fear governed the attitude toward regulating the internet, our lives would look drastically different.
https://clintonwhitehouse4.archives.gov/WH/New/Commerce/read.html
If fear governed the attitude toward regulating the internet, our lives would look drastically different.
https://clintonwhitehouse4.archives.gov/WH/New/Commerce/read.html