user avatar
Jake Chervinsky
Hyperliquid Policy Center
@jchervinsky
Lawyer, but not yours. CEO @HyperliquidPC. Board @fund_defi, @blockchainassn. Advisor @variantfund. No legal or financial advice.
Washington, DC 🇺🇸
hyperliquidpolicy.org
Joined June 2009
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Posts
  • user avatar
    Jake Chervinsky
    Hyperliquid Policy Center
    @jchervinsky
    Jul 30, 2021
    1/ 🚨 Here's the deal with the US infrastructure bill: A new provision has been added that expands the Tax Code's definition of "broker" to capture nearly everyone in crypto, including non-custodial actors like miners, forcing them all to KYC users. This is not a drill 👇
  • user avatar
    Jake Chervinsky
    Hyperliquid Policy Center
    @jchervinsky
    Nov 11, 2022
    FTX's failure doesn't justify a rush to regulate in the US. FTX is a non-US exchange based in the Bahamas. By design, it didn't have any US customers so that it wouldn't be subject to US jurisdiction. There is no law Congress can pass to prevent the failure of an offshore firm.
  • user avatar
    Jake Chervinsky
    Hyperliquid Policy Center
    @jchervinsky
    Nov 12, 2022
    A lot of people think the collapse of FTX is evidence that crypto doesn't have a future. For me, it's the exact opposite. This proves why crypto—trustless, permissionless, uncensorable crypto—is the only path forward for the future. This week, we grieved. Next week, we build.
  • user avatar
    Jake Chervinsky
    Hyperliquid Policy Center
    @jchervinsky
    Mar 29, 2022
    Bitcoin will always use PoW, end of story.
  • user avatar
    Jake Chervinsky
    Hyperliquid Policy Center
    @jchervinsky
    Mar 14, 2022
    Make no mistake: if they manage to ban PoW, they'll come for PoS next, & every other sybil resistance mechanism after that. This isn't just about environmental impact: it's about the right of non-state money to exist. Their strategy is divide & conquer. Let's not fall for it.
  • user avatar
    Jake Chervinsky
    Hyperliquid Policy Center
    @jchervinsky
    Jan 16, 2022
    No matter your view on @Ripple, two things seem clear: - They're giving the SEC more trouble than anyone in crypto, maybe more than anyone period, incl. Elon - They're the leading dispute on securities law, if only b/c they'll fight to the death unlike those who caved & settled
  • user avatar
    Jake Chervinsky
    Hyperliquid Policy Center
    @jchervinsky
    Aug 9, 2021
    Senator Richard Shelby (R-AL) has objected to the compromise amendment. He didn't get his own amendment for $50b in defense spending, so he's against all others. Unless he changes his mind, that's it. The compromise amendment is dead. FYI, he's retiring at the end of this term.
  • user avatar
    Jake Chervinsky
    Hyperliquid Policy Center
    @jchervinsky
    Aug 29, 2023
    1/ Grayscale's victory over the SEC is *massive.* It's very rare for a federal circuit court to find that an agency has violated the APA by acting arbitrarily and capriciously. The DC Circuit just delivered a huge embarrassment for the SEC. But the ETF isn't approved yet 🧵
    850K
  • user avatar
    Jake Chervinsky
    Hyperliquid Policy Center
    @jchervinsky
    Aug 6, 2021
    1/ A quick explainer on what happened with the infrastructure bill last night: We were on track to pass the Wyden-Lummis-Toomey amendment to fix the worst issues with the bill, & then Senators @robportman & @MarkWarner came from nowhere to blow it up. Now the vote's tomorrow 👇
  • user avatar
    Jake Chervinsky
    Hyperliquid Policy Center
    @jchervinsky
    Sep 29, 2021
    The idea of taxing unrealized capital gains is so perplexing, so completely ridiculous, that it's hard to imagine anyone who knows anything about finance could possibly mean it seriously.
  • user avatar
    Jake Chervinsky
    Hyperliquid Policy Center
    @jchervinsky
    Mar 1, 2022
    1/ Russia can't & won't use crypto to evade sanctions. Concerns about crypto's use for sanctions evasion are totally unfounded. They fundamentally misunderstand: - how sanctions work - how crypto markets work - how Putin is actually trying to mitigate sanctions I'll explain 🧵
  • user avatar
    Jake Chervinsky
    Hyperliquid Policy Center
    @jchervinsky
    Oct 28, 2022
    1/ I’m proud to announce that @BlockchainAssn has filed an amicus brief in the SEC’s case against @Ripple. In short: the SEC is wrong on the law, and its pattern of regulation by enforcement is harmful to both US crypto companies and the investors that it's meant to protect. 🧵
  • user avatar
    Jake Chervinsky
    Hyperliquid Policy Center
    @jchervinsky
    Apr 26, 2024
    Call me crazy, but I truly believe crypto is on the front line of the war for individual liberty in the digital age. So many rights are at stake: free speech, association, financial privacy, property ownership, on and on. I'm grateful each day to fight alongside all of you 🙏
    485K
  • user avatar
    Jake Chervinsky
    Hyperliquid Policy Center
    @jchervinsky
    Mar 16, 2023
    1/ Today, @BlockchainAssn sent FOIA requests to the Fed, FDIC, and OCC, demanding information about the unlawful debanking of crypto companies. We are also collecting evidence of debanking. Share your story with us: [email protected] Here's the situation 🧵
    681K