Bill Hughes 🦊 (@BillHughesDC) / X

Bill Hughes 🦊

12.7K posts

Bill Hughes 🦊

@BillHughesDC

Lawyer at Consensys / formerly DOJ, WH, S&C, UVA law, Vandy / Not legal advice - not your lawyer - tweets are mine.

Washington, DC

Joined October 2018

Pinned
Bill Hughes 🦊
@BillHughesDC
May 8
🚨America Is Handing the Crypto Market to Foreign Competitors. The CLARITY Act Would Change That.🚨 The United States is the largest cryptocurrency market on the planet. American users moved over $1 trillion in crypto transactions in the first seven months of 2025 alone. And yet
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Bill Hughes 🦊
@BillHughesDC
Apr 25, 2024
Today, we sued the #SEC. They have no right to unplug the U.S. from #Ethereum. They have no right to prohibit peer-to-peer blockchain software. Too many Americans - developers, investors, and everyday users - are going to be hurt if they are allowed to continue unopposed.
Jeff Roberts
@jeffjohnroberts
Apr 25, 2024
🚨 Consensys sues SEC over Ethereum. Seeks: -- Ruling Ethereum not a security -- Injunction for SEC to leave ETH devs alone -- Ruling MetaMask not a broker dealer fortune.com/crypto/2024/04…
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Bill Hughes 🦊
@BillHughesDC
Nov 26, 2024
BIG NEWS: Federal appeals court says Treasury overstepped its authority when sanctioning immutable smart contracts deployed by the @TornadoCash devs because they are NOT property of a foreign person or entity. "The immutable smart contracts at issue in this appeal are not
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Bill Hughes 🦊
@BillHughesDC
Mar 15, 2023
Judge: you're being vague SEC: we'll tell you privately Judge: say it publicly SEC: Fine. the Staff thinks Voyager token is a security and Binance.US is a 1934 Act exchange but Commission hasn't said anything formal, so reject the plan. Judge: Ya, nope
Paul Grewal
@iampaulgrewal
Mar 15, 2023
Everyone committed to the rule of law should read J. Wiles' Voyager decision. These are remarkable statements from a federal court with no skin in the game other than calling things as they are.🧵⬇️ /www.nysb.uscourts.gov/sites/default/files/opinions/312840_1170_opinion.pdf
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Bill Hughes 🦊
@BillHughesDC
Apr 20, 2023
🚨🚨🚨Reports from #CapitolHill are that Sen. Warren is pushing her #crypto AML bill before its introduction next week. It's time to rally in opposition to this remarkably bad legislation that purports to serve national interests but is really about killing crypto in the US. 1/3
Bill Hughes 🦊
@BillHughesDC
Feb 15, 2023
I wrote in ⁦@CoinDesk⁩ on why Sen. Warren’s reintroduced crypto software AML bill has some serious problems. I find it hard to believe that personal freedom/limited govt types like ⁦@RogerMarshallMD⁩ can get comfortable with this approach. coindesk.com/consensus-maga…
358K
Bill Hughes 🦊
@BillHughesDC
Dec 27, 2024
Treasury/IRS has finalized their DeFi broker tax reporting rule. Trading front ends would have to track and report on user activity - both US persons and non-US persons- starting in 2027. And it applies to the sale of every single digital asset - including NFTs and even
272K
Bill Hughes 🦊
@BillHughesDC
Apr 28, 2023
Make no mistake what has happened here - this Warren/Marshall bill is so problematic that Senators from both sides of the isle have been backing away from it once crypto mobilized to confront it. An evolving success story. 👊🤝
blockworks.com
Sens. Warren, Marshall Delay Reintroducing Crypto Bill Due to Lack of Sponsors
The bill looks to require the crypto industry, including individual miners and validators, to abide by know-your-customer rules.
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Bill Hughes 🦊
@BillHughesDC
Jul 13, 2023
SEC v. Ripple in brief: Ripple putting XRP on exchanges for trading (and funding their operation with those sales) is NOT an investment contract, and therefore not a security. Ripple paying people in XRP is NOT an investment contract and therefore not a security. XRP is NOT a
Bill Hughes 🦊
@BillHughesDC
Jul 13, 2023
GIF
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Bill Hughes 🦊
@BillHughesDC
Nov 21, 2024
HUGE VICTORY FOR CRYPTO OVER THE SEC: SEC's finalized dealer rule runs afoul of the Exchange Act's text when defining inter alia "dealer". Just because you trade a lot doesn't mean you are trading "as a regular business" making you a dealer. You need to do more than simply
Bill Hughes 🦊
@BillHughesDC
Apr 23, 2024
The SEC’s dealer rule is an unlawful infringement on DeFi and in this lawsuit - filed today - the industry will prevail. theblockchainassociation.org/blockchainasso… Thanks to BA and CFAT for their continued leadership.
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Bill Hughes 🦊
@BillHughesDC
Jul 7, 2025
Locked in. @sharplink The ticker is ETH. The stock is SBET. Cc: @ethereumJoseph
Sharplink
@Sharplink
Jul 3, 2025
NEW: SharpLink will ring the Nasdaq closing bell on July 7th We’re celebrating our emergence as the world’s largest publicly traded company to adopt Ethereum as a primary treasury asset $ETH isn’t just part of the strategy, it is the strategy The ticker is $SBET
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Bill Hughes 🦊
@BillHughesDC
Feb 27, 2024
👀👀👀 NEW VIDEO Ohio Senator JD Vance on Gensler: He is way way way too political in his regulation of securities. He has it backwards when wanting to ban useful tokens and seemingly not caring about those without specific utility. Sen. Vance sees blockchain as key to
00:00
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Bill Hughes 🦊
@BillHughesDC
Jan 11, 2024
“They expect two of us to vote no, brother”
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Bill Hughes 🦊
@BillHughesDC
Jan 10, 2025
🚨🚨🚨Biden Administration 11:59 PM interpretive rule drop: TLDR: in order to protect consumers and to avoid a competitive advantage to new forms of electronic fund transfers over traditional ones, the Electronic Funds Transfer Act (EFTA) should be reinterpreted to apply to
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Bill Hughes 🦊
@BillHughesDC
Nov 10, 2025
Under the safe harbor that @SecScottBessent announces below, trusts may stake digital assets (on permissionless proof-of-stake networks) if they: 1) Hold only one digital asset type and cash; 2) Use a qualified custodian to manage keys and execute staking; 3) Maintain
Treasury Secretary Scott Bessent
@SecScottBessent
Nov 10, 2025
Today @USTreasury and the @IRSnews issued new guidance giving crypto exchange-traded products (ETPs) a clear path to stake digital assets and share staking rewards with their retail investors. This move increases investor benefits, boosts innovation, and keeps America the
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