SEC Statement on Ripple has vibes of young campaign hack spinning on bad facts, vs powerful government agency expected to tell the truth. Do better.
Katie Biber
1,923 posts
Katie Biber
@katiebiber
San Francisco
Joined August 2009
- History has been made: crypto is in the official GOP platform: Republicans will end Democrats’ unlawful and unAmerican Crypto crackdown and oppose the creation of a Central Bank Digital Currency. We will defend the right to mine Bitcoin, and ensure every American has the right
- 1/ Why is anti-crypto SEC Commissioner Caroline Crenshaw poised for re-confirmation without even a peep from the Senate?
- Replying to @nic_carter and @punk6529Which they can find *on any check you write*
- 1/5 I’m thrilled to announce that I’m joining @Paradigm as Chief Legal Officer, helping @matthuang and @fehrsam expand the outstanding firm they founded only four years ago alongside the best Legal and Policy teams in the industry. paradigm.xyz/2022/06/joinin…
- 1/ For too long, crypto and open source developers in the US have been living under a cloud of doubt. That uncertainty ends today, with an emphatic statement from the DOJ that *shipping code is not a crime.*
- Indeed, the Gensler absolute war against crypto opened the eyes of many tech leaders. It was so obvious the attacks were unfounded, that I think some folks started realizing there were other government agencies doing unfounded, unfair things too. It opened eyes.Replying to @AndrewYangTheir biggest mistake was antagonizing the entire crypto community. And this was entirely unnecessary; there wasn't some other constituency they were trying to win points with by doing it.
- Replying to @katiebiberIt's no defense to say crime in SF is confined to a few neighborhoods (such as this, in NYT yesterday). For the families living there, this is daily life. Crime stats shouldn't be gerrymandered.
- Must-read piece wherein @RSSH273 takes on the Gensler SEC's claim that crypto should "just come in and register." It's just not true, and it never has been. policy.paradigm.xyz/writing/secs-p…
- Others have already expressed incredulity at the weak legal basis for this Wells notice. Consider that clearly established. But this is not about the SEC's incompetence or stupidity. Far from it. This is part of a larger plan, mapped out and executed with precision,OpenSea has received a Wells notice from the SEC threatening to sue us because they believe NFTs on our platform are securities. We're shocked the SEC would make such a sweeping move against creators and artists. But we're ready to stand up and fight. Cryptocurrencies have long
- Puzzling, amateur-hour political mistake. For those unaware this means *regulated financial institutions* cannot hold crypto for clients. It makes NO sense.Biden just lost the crypto vote. What a stupid, stupid mistake.
- Our latest poll shows that 5% of all voters (all voters!) consider themselves single-issue crypto voters, putting to rest ongoing questions about whether the crypto industry has astroturfed its power this election cycle. 1/7
- My take: 1) This messy verdict speaks volumes. Even after weeks of testimony and underhanded government tactics, they could not convince 12 citizens that privacy software is money laundering. 2) The 1960 guilty verdict is plainly contrary to law -- but it's hard to blame the juryTrial final: Jury finds Roman Storm guilty of only 1 of 3 counts, conspiracy to run an unlicensed money transmittal business. No unanimity on court 1 (conspiracy to commit money laundering) nor count 3 (conspiracy to violate North Korea sanctions) Book 2 coming
- best rule at a conference panel ever: "you get one breath to ask a question, and it must end with a question mark." #Reboot2018
