On Tuesday, I had the honor of testifying before the Senate Banking Committee’s Digital Asset Subcommittee as they move on from GENIUS to consider market structure legislation. Some highlights from the hearing.
Today, President Trump is expected to announce his nomination of Paul S. Atkins to be Chair of the SEC (pending Truth Social confirmation). This is welcome news to the crypto industry and US capital markets.
Thank you to @tyler & @cameron for bringing me into crypto 12.5 years ago. We just wanted to do a BTC ETF, but ended up helping them launch @Gemini & pivoted into a new mission/career. Spending today with them & @KyleSamani at @WhiteHouse was special. (I’m definitely this tall).
Today is kind of a big day. CBOE just filed for Generic Listing Standards for Crypto Asset ETPs... NYSE and NASDAQ will likely follow suit shortly. Thread...
There’s some confusion around the SEC and spot ETPs.
Quick update for folks —> Basically we’re waiting on the government to reopen (probably).
Litecoin 19b4 deadline was Oct 2. Solana 19b4 deadline was Oct 10. Those (as well as for XRP, BCH and AVAX, etc) were obviated by
1/ @standwithcrypto has put together an excellent tool to allow you to email your Senators to oppose the renomination of Commissioner Caroline Crenshaw to the SEC. I encourage you to do so and have provided some context, below.
1/ Bloomberg is now reporting that President Trump is about to make official his nomination of @michaelselig to be Chairman of the CFTC.
So who is Mike and why is this important?
President Trump has picked Michael Selig to chair the Commodity Futures Trading Commission, according to an administration official bloomberg.com/news/articles/…
I have called @SenGillibrand and @SenSchumer to ask them to support the @RonWyden , @SenToomey & @SenLummis amendment to the cryptocurrency provision of bill H.R. 3684.
Let’s protect the future of the Internet (DeFi + Web3) here in the US instead of pushing it overseas.
I have called @tedcruz and @JohnCornyn to ask them to support the @RonWyden , @SenToomey & @SenLummis amendment to the cryptocurrency provision of bill H.R. 3684.
Let’s protect the future of the Internet (DeFi + Web3) here in the US instead of pushing it overseas.
1/ I've very excited about the launch of @SolanaInstitute. Solana has builders who develop novel mechanisms across consumer apps, DeFi, DePIN, and all the innovations we haven't yet thought of today. Under the leadership of @millercwl, the Institute will be telling their story.
🔆 We are excited to announce the launch of Solana Policy Institute (SPI), a new non-partisan, non-profit focused on educating policymakers on how decentralized networks like @solana are the future infrastructure of the digital economy—and why the people building on and using
OK, how did we go from Gov Shutdown (probably) means no ETFs to ETFs coming tomorrow? A break it down thread.
First, Bitwise now has all five green check marks ✅ below.
This is not accurate. The exchange hasn’t certified the 8-a and 21Shares hasn’t pulled their delaying amendment.
For an ETF to launch, you need:
- 19b-4 (✅ via GLS)
- Trading rules letter (✅ via GLS)
- S-1 effectiveness (accelerated or via automatic effectiveness)
- 8-A
A note of thanks to the dedicated staff who have labored for years on stablecoins and market structure. Drafting text, taking comments, and negotiating across the aisle.
Tomorrow the President will sign GENIUS and in the coming weeks the senate will take up market structure. All
1/ I’m thrilled to join the Board of Directors of the @BlockchainAssn, alongside a number of amazing friends who are leaders in policy and law. Led by @kristinsmith, we are ready to build the foundation for Crypto in America.