CryptoLaw

U.S. Legal and Regulatory News for Digital Asset Holders. Founded by John Deaton.

[John E Deaton @JohnEDeaton1]

WE MUST SAVE CAPITALISM

I wasn’t surprised @NYCMayor won. Running for office in 2024 against @ewarren, I couldn’t ignore how many young people were calling for socialism. It was even more running this year against @EdMarkey.

I’m not talking about calls for social programs or a higher social safety net - I mean young people calling for the government to control EVERYTHING.

As I’ve said for the last 4 years: this country needs a Teddy-Roosevelt-like revolution. Teddy Roosevelt saved capitalism during the Gilded Age, when monopolies and the politicians they owned had rigged the game against working people. He didn't tear down the free market. He broke up the trusts and gave Americans a Square Deal.

Today's Square Deal means putting appreciating assets in the hands of everyday Americans. Not just wages - but real ownership.

Tokenized stocks is one example.

As Bruce states, most shares are held by a handful of giant fund companies that rely on a couple of proxy advisory firms to decide how to vote.

Tokenization could change that. It can bring ownership to people who were never invited to the table, 24/7 markets, lower costs, and a direct vote on every share you own. That's a new era of shareholder empowerment.

Capitalism doesn't fail on its own. It fails when ownership is concentrated and the powerful write the rules for themselves. The fix isn't socialism. It's more owners.

The Tokenization of RWA is just one part of the solution.

[Vet @Vet_X0]

Doing some X analytics with their API.

In the last 30 days about 11.5 million (!!) posts were made targeting specifically the XRP community to scam them with reward and airdrop promises.

[Bloomberg @business]

A staffing crunch at the Office of the Comptroller of the Currency has made it tougher to deal with the flood of bank-charter applications that have proliferated under President Trump https://t.co/rhzKRVqdAM

[National Cryptocurrency Association @NatCryptoAssoc]

Your wallet password and your seed phrase do two very different jobs. 🔐

A password or PIN only unlocks your wallet app on the device you’re using. Get a new phone, and that password can’t bring your wallet back. Only your seed phrase can.

Knowing the difference helps you protect the right thing, because forgetting a password is fixable, but losing your seed phrase usually isn’t.

Hear more on a new episode of Crypto, Explained, out tomorrow wherever you get your podcasts.

[Dave Michaels @davidamichaels]

The @SECGov has released its annual enforcement stats for 2026. The regulator obtained orders for penalties totaling $1.1 billion, the lowest tally since 2008. https://t.co/5JgJaVlsI2

[Eleanor Terrett @EleanorTerrett]

🚨NEW: Rep. Tom Emmer (R-MN) @GOPMajorityWhip has been renominated as House GOP Whip. Rep. @Jim_Jordan (R-OH) will become House Minority Leader.

[Perianne Boring @PerianneDC]

Thank you for all the birthday wishes and support. Cheers to chapter 39 🥂

[John E Deaton @JohnEDeaton1]

Happy birthday Marines. OCS, Quantico, Virginia - 1994.

[Chip – onthechain.io @stephenchip]

@thinkingcrypto It's out of control. Definitely seems like a coordinated effort.

[Cowboy.Crypto @cowboycrypto313]

After 7 years under house arrest, my friend Joby Weeks finally gets his ankle monitor removed. Happy for his family and friends to be able to see him outside his home. Onward and upward.

[CryptoLaw @CryptoLawUS]

@povaristocrat @thinkingcrypto @Ripple Another signature is immediately turning vicious when it is pointed out.

[CryptoLaw @CryptoLawUS]

@LUpcase @thinkingcrypto @Ripple It is a signature of inauthentic accounts along with zero posts and thousands of comments all saying basically the same thing in curiously timed bursts.

[CryptoLaw @CryptoLawUS]

@BlackberryXRP The FUD accounts think we all forgot this…?

[Tony Edward (Thinking Crypto Podcast) @thinkingcrypto]

Recently, I've noticed a massive wave of FUD comments on nearly every XRP-related post I share.

The volume, timing, and repetitive nature of these comments make it seem like there could be a coordinated effort to spread negativity around XRP.

It raises some interesting questions: Is someone running a paid FUD campaign using bots and spam accounts? Could it be supporters of a competing blockchain project, or traders with short positions in ripple:native trying to influence sentiment?

I can't say for certain who's behind it, but the pattern is hard to ignore.

Has anyone else noticed this sudden surge in #XRP FUD?

[Eleanor Terrett @EleanorTerrett]

🚨NEWS: Former House Financial Services Chairman @PatrickMcHenry says crypto blew its best chance to pass market structure legislation and admits he shares some of the blame.

In a candid conversation, he breaks down what went wrong with the Clarity Act, where the industry and lawmakers fell short, and how crypto should prepare for Democrats taking control of Congress in January.

[Tonya M. Evans @IPProfEvans]

Okay. I'm done! Here's what's inside my latest @ForbesCrypto article:

Democrats won the House and Senate Nov. 3. In January they chair the committees that oversee crypto. What they inherit: only 3 of 10 SEC and CFTC seats are filled, all by Republicans. My new Forbes piece: Two Commissioners, One Party, No Statute.

Empty seats don't stop rulemaking. The SEC has Atkins and Uyeda, both Republicans, and a quorum rule changed Sept. 30 so one can act when the other is recused. The CFTC has Selig alone, a Republican, who says he's prepared to finalize rules by himself.🧵1/3:

[Tonya M. Evans @IPProfEvans]

Crypto In America reports, citing four industry sources, that House Democrats are discussing expanding Rep. Maxine Waters' consumer bill of rights into a full market structure bill. She is positioned to chair House Financial Services in January. No draft is public yet.

A thread 🧵: 1/6

[John Deaton @DeatonforSenate]

The voters have made their voices heard tonight, and I respect their decision. While I disagree with the path forward, I wish Senator Markey only success in his final six-year term. His service to the Commonwealth is historic in its length and impact on our people.

America has always been stronger when we put aside our differences and follow the threads that we share -- a lesson I relearned writing my own story. In that spirit, I remain hopeful that the next U.S. Senate will forge a new path with the U.S. House of Representatives and White House to deliver the change we desperately need.

[Brad Garlinghouse @bgarlinghouse]

@WKahneman Agreed!

RLUSD isn’t competing with XRP. It’s competing with other stablecoins. Use case matters, and I want those use cases running on the XRPL.