Robert Leshner

CEO @superstateinc, Investor @robotventures, prev founded Compound; ardent capitalist; tweets are typically satire

[Superstate @SuperstateInc]

“We want it done in this country so this country wins.”

Jamie Selway, SEC Trading & Markets Director, on bringing tokenization onshore while preserving the rights that come with the underlying equity.

More from @BloombergTV:

https://t.co/IGtHSQHJPe

[Payy @payy_link]

Today at 4:21 UTC Payy’s bridge contract on Ethereum was exploited and drained of its full balance.

Investigation is ongoing and we are following incident response guidelines.

While we investigate, all Payy Network transactions are paused including deposits, withdrawals, transfers and card transactions.

We will continue to communicate updates here.

[Robert Leshner @rleshner]

@brian_armstrong My friend, alert the front-end team

[Robert Leshner @rleshner]

@josephdelong Heck yeah brother. A bit oily but looking 🔥

[Robert Leshner @rleshner]

@xMcQuaidx something something points

[Robert Leshner @rleshner]

I just won the tradfi lottery

[Robert Leshner @rleshner]

@pet3rpan_ damn ser

[Robert Leshner @rleshner]

@JedBreed @breed_vc Congrats Jed 🚀

[Robert Leshner @rleshner]

@pourteaux you're neither tallow-maxxing nor a sunscreen truther?

[miles jennings @milesjennings]

Straight from the horse's mouth:

"We won't protect the American people unless we can stop President Trump."

Prioritizing 1 person over 350 million people.

Politics > Policy

[Uniswap @Uniswap]

Superstate is bringing tokenized equities onchain through Uniswap

Powered by the Permissioned Pools hook

[Robert Leshner @rleshner]

Update:

As predicted, the SEC and CFTC are creating clarity for the market, because legislators did in fact abdicate their responsibility.

Onwards 🇺🇸

[Robert Leshner @rleshner]

Theres a broad, bipartisan effort to finish and pass the Clarity Act when the Senate returns from break for their scheduled cloture vote.

The SEC and CFTC will create the same “clarity” if legislators abdicate their responsibility, but I/others still have faith in Congress too

[Robert Leshner @rleshner]

@theblockprof The SEC is creating a framework that says exactly that; AMMs are not dealers and DeFi is not an exchange.

[Robert Leshner @rleshner]

I expect over the coming weeks/months we'll see issuers rethink products to conform with these rules,

New products will be designed and launched

And we'll get glimmers of the tokenized future; more transparency, 24/7 trading, less intermediaries, and a self-sovereign future.

[Robert Leshner @rleshner]

This long-awaited action by the SEC will open the door to the first ONSHORE, COMPLIANT, 24/7 TOKENIZED STOCK TRADING 🇺🇸🇺🇸🇺🇸

[U.S. Securities and Exchange Commission @SECGov]

🚨 TODAY: The SEC issued an order granting temporary, conditional exemptive relief to Tokenized Securities Venues from the definition of “exchange” in the Exchange Act to trade tokenized NMS stock using innovative permissioned automated market makers and liquidity pools.

[Robert Leshner @rleshner]

@SECPaulSAtkins This 5-year program will allow tokenized stocks to trade on AMMs (@Uniswap, @orca_so). Important conditions:

- NMS stocks can trade onchain
- The market has to be permissioned
- An issuer can opt-out of a 3rd-party token (e.g. wrapper)
- The exchange has to adhere to halts (?)

[Robert Leshner @rleshner]

If you or a friend do structured credit at a bank and are looking for a new job that is amazing at Superstate, let me know

[Robert Leshner @rleshner]

The Clarity Act failing today makes everybody a loser, all because partisan jockeying beat out common sense:

The lines between tokens and securities are no more clear.

Entrepreneurs will still prefer to build and raise capital offshore.

Investors will receive no more information, or protections.

Developers have no additional safeguards for decentralized systems.

Banks are stuck with stablecoins able to pay rewards (yield).

There are zero ethical guardrails for government employees and crypto.

The list goes on.

But mostly I just feel for the countless folks in the industry and across the House and Senate (of both parties) that worked on this for so long, and the light of American leadership dimming just a tad.

Onwards

[Robert Leshner @rleshner]

Senators that vote FOR the Clarity Act today demonstrate that they are on the side of consumers, technological innovation, and regulation.

Senators that vote AGAINST the Clarity Act today demonstrate that they are for the unregulated, swampy status quo.

Simple as that.