CryptoGeo

Crypto investor, memes, masters in Econ 🚀 based in Cotonou, DC, and Ortigia. Let's talk next-gen tech money 🚀

[CryptoGeo @CryptoGeo_eth]

Why r more people not bullish @coinbase #memecoins?

This is day 12 of a 12-month bull cycle. Normies on-ramping to @Coinbase, listening to friends & investing in the #1 narrative .....

Memes

What do they see?

$DEGEN $BONK $WIF $DOGE $SHIB $PEPE

#itsrocketscience🚀

[CryptoGeo @CryptoGeo_eth]

This space needs a Trump stablecoin like a shot to the head. We’ve weathered more than our share of scams, corruption and insider cheating. We don’t need to dance with this devil. Let’s do the right thing, avoid conflict of interest, build, and grow our legitimacy. Speak up anons

[CryptoGeo @CryptoGeo_eth]

@dcinvestor And yet the ethics code of many US colleges makes students sign pledging they’ve not consulted AI at any phase at all: research, write, edit, bibliography

[The DeFi Investor 🔎 @TheDeFinvestor]

Okay, hear me out.

A bull market, but:

• Exchanges don't get exploited
• ETH is a top performing asset
• Everyone is buying utility coins

Am I asking for too much?

[CryptoGeo @CryptoGeo_eth]

@gordongekko @ye Kanye West is a tool. Celebrity meme coins are extractive. Crypto needs better regulation, a focus on utility, fewer scams/cheats. Otherwise it’s just the same small-minded gamblers stuck here for another 10 yrs

[Brian Armstrong @brian_armstrong]

Great news!

After years of litigation, millions of your taxpayer dollars spent, and irreparable harm done to the country, we reached an agreement with SEC staff to dismiss their litigation against Coinbase. Once approved by the Commission (which we're told to expect next week) this would be a full dismissal, with $0 in fines paid and zero changes to our business.

This is hugely vindicating, especially because many people questioned my decision to engage in litigation with the SEC on this matter in 2023. People told me the courts would give a lot of leeway to the government. They said public market investors wouldn't like it. They said it would take years and cost us tens of millions of dollars in legal fees (which it did). They said the agency would use mafia tactics like trying to pressure other companies not to work with us while the lawsuit was underway (which they did).

But I knew a few truths that helped make it an easy decision to fight them in court:

1. The SEC was wrong on the law.
They were exceeding the authority given to them by congress by asking us to delist a number of assets that were not securities. We had taken a conservative approach to ensure we weren't listing any securities, and the SEC itself had allowed us to go public in 2021 after reviewing our listing standards in depth. We tried to “come in and register” but it turned out it was a fake offer, as every crypto company discovered. Regulators are supposed to enforce the law, but they can't make up new laws on the spot if they don't like the current ones, or weaponize a lack of clarity in the law.

2. Caving to their demands could have killed the crypto industry in America.
The SEC made it clear to us that the only way to avoid litigation was to delist the many assets they falsely claimed were securities. It was a bullying tactic, pure and simple, driven by Gensler's own political agenda. And if we had caved, it would have dramatically limited the scope of which crypto assets were allowed in the US, and pushed the industry further offshore, into the shadows. Never forget how close a few activists in government came to unlawfully killing an entire industry in America! It could have easily gone the other way. Thank goodness the founding fathers created the judicial branch, as a check and balance on executive power.

3. It was the right thing to do for our customers and the industry.
At the end of the day, it didn't matter what our chance of success was. I had to stand up for our customers’ and our industry’s rights. I also knew it would serve as a deterrent for future bad actors around the world we may have to engage with, for them to know that we won't be bullied or pressured. We are comfortable engaging in litigation across multiple fronts, indefinitely, while continuing to build. This is business as usual. As Bain in The Dark Knight says, "you merely adopted the dark; I was born in it".

Growing up I had a naive view that regulators exist to hold companies accountable. What I realized in this ordeal is sometimes, companies must hold regulators accountable who are painting outside the bounds of the law, to preserve freedom. Accountability can actually happen both ways. At Coinbase, our mission is to increase economic freedom, and I initially thought we could achieve this solely through our crypto products. But I'm increasingly realizing that we can move the needle on economic freedom in the courts and through our policy efforts as well, when we see bad actors in government around the world. We plan to do more of this.

I have to give credit here to the Trump administration, for winning the election, and for the departure of the activist head of the SEC, Gary Gensler, who orchestrated this unlawful action along with Elizabeth Warren, and a handful of their lackeys in congress. I feel confident we would have won this case in the courts either way, given our facts were so strong, but it certainly helped accelerate the process and drive accountability. I called out the sketchy behavior of the SEC back in 2021, and I believe this comment turned out to be prescient.

I want to give a shout out to all the other crypto companies who fought back with their own lawsuits (we certainly were not the only ones).

I want to give a shout out to all the crypto startups who couldn't afford the legal fees, and went bankrupt due to the administration's abusive tactics. Your company may have died, but crypto lives on. Don't stop building.

I want to give a shout out to both Democrat and Republican members of congress, who are working hard to ensure America leads on crypto. I know that Gary Gensler and Elizabeth Warren do not represent the entire Democratic party.

And I want to give a shout out to all the crypto holders in the US who elected pro-crypto candidates, on both sides of the aisle, to make sure your rights were preserved. It turns out the crypto voter is real, and showed up in the millions.

Finally, I expect we'll continue working productively with the SEC on any number of items over the years, just as we do with every agency around the world where we operate. I look forward to the SEC being reformed under Paul Atkins, Mark Uyeda, Hester Peirce, and DOGE, and new more sensible personnel coming into leadership roles. I commend the new leadership that is already in place for working to right this wrong - it's a great step in the right direction, and took courage. Now let's get some crypto legislation passed in the US to finally clarify the rules, and really kick off this next phase of building.

[CryptoGeo @CryptoGeo_eth]

@BehizyTweets You’re disagreeing with @potus for the “first time ever?” What?

[CryptoGeo @CryptoGeo_eth]

@dcinvestor Word

[CryptoGeo @CryptoGeo_eth]

@corleonescrypto $BTC

[CryptoGeo @CryptoGeo_eth]

@elonmusk U seem full of shit. But I’m assuming the evidence is forthcoming. Otherwise: slander charges, bitch 🎤

[CryptoGeo @CryptoGeo_eth]

@elonmusk Yeah why don’t we publish the architectural blueprints of the White House and your mom’s bedroom at the same time. Why the obsession?

[CryptoGeo @CryptoGeo_eth]

@elonmusk Quaking in my boots that anybody is using Argentina as a good example worth following. The country has great culture, food, ppl, but the govt has systematically mismanaged the economy. We need a few years to see if this guys actually achieves anything. But for now he’s: Libra

[CryptoGeo @CryptoGeo_eth]

@elonmusk False equivalency. Your statement is untrue.

[CryptoGeo @CryptoGeo_eth]

@elonmusk Where’s the 👎button. This tweet is obviously hyperbolic, engineered to polarize, and thus propagandistic. You are rich, yet unhelpful, in this matter. Stay in your lane go innovate and make some money. And read a book or two about Russian history b4 ur next tweet, u noob

[CryptoGeo @CryptoGeo_eth]

@ronin21btc No no no. Stop already. We’ve evolved to be social creatures, in real life, with humans. I’m not opposed to innovation - far from it— , but robots ain’t gonna solve the “epidemic of loneliness” you are dead wrong.

[CryptoGeo @CryptoGeo_eth]

@elonmusk Sounds like an argument for more immigration

[CryptoGeo @CryptoGeo_eth]

@elonmusk Stay in your lane bro

[Michael Saylor @saylor]

On this day 16 years ago, Satoshi Nakamoto launched Bitcoin, catalyzing the era of crypto-enlightenment.

[CryptoGeo @CryptoGeo_eth]

@Fiskantes I could be wrong but I don’t think DeSci is going to take off like other sectors will

[CryptoGeo @CryptoGeo_eth]

@chatswithem @elonmusk Sorry you’re right. That brexit kinda fucked you guys for the foreseeable future.

[CryptoGeo @CryptoGeo_eth]

@chatswithem @elonmusk U are part of the wealthiest generation with the most opportunities in history. Your great grandma died at 45 after having 6 kids and that was normal. You have the world’s knowledge in your pocket. Compare yourself to real people who lived on your real street b4 u. Good luck