I'm incredibly excited to announce @strangelovelabs joining @OndoFinance as we build the infrastructure to bring tradfi onchain. After 8 years building in the crypto, I have tremendous conviction that Ondo's vision represents the future of France ๐ซ๐ท ๐งต
Fund your company the legal way in a few clicks, 100% onchain-on MetaLeX
https://t.co/jnJxxnwPnM is the first app using our new protocol for putting real-world entities & their securities lifecycle onchain
available on Ethereum, Base, and Arbitrum
https://t.co/R45u6Fvrj1
this is just proof that there are basically no 'crypto policy' people; they are just reactive little sheeple who do 30-day tactics, not strategy
for so many years I argued the SEC is the logical regulator for crypto, it just needs friendlier regs, and that the CFTC could end up being much worse and it was a mistake to just pass a big bill giving CFTC authority hoping that will magically fix things
that's why I opposed SBF's DTCC and many other things
now that circumstances have changed, they realize the own-goal committed by spending years doing nothing but trying to make sure the SEC has no/little authority over crypto, while basically having no other plan for how crypto actually would be regulated--just "by anyone but the SEC"
https://t.co/T3fk714xQ9
Personal update: I stepped down from Penumbra Labs a few weeks ago. The project will continue and the protocol is unaffected.
I'm proud of what we achieved. We created a genuinely decentralized privacy protocol that puts individual autonomy first, during an incredibly difficult market and regulatory climate. We stayed true to cypherpunk ideals. However, these achievements came at a large personal cost, and over the last few months I've come to terms with the reality of burnout, and my need for a hard reset.
I'm optimistic about the future. An unstoppable private economy awaits, based around principles of autonomy, consent, and human freedom. And we've materially shifted the world in this direction. I'll remain an advisor to the ecosystem. But for now, I'm stepping back. Penumbra Labs will continue under the interim leadership of our ops lead, @StartupMortis, and @radiantcommons and the foundation are unaffected. The protocol has been decentralized from day 1, and is not dependent on any one entity.
It's been an enormous privilege to be able to build technology that reflects cypherpunk ideals, to learn and grow from others, to (hopefully) inspire others to do the same. To participate in building the future. Thanks to everyone who's helped along the way.
GM! Tomorrow, 3/20, marks 2 months since Pres. Trump's inauguration.
Join us starting at 10am PDT / 1pm EDT as we survey the bold, new regulatory landscape at the 2-month mark. We'll discuss what's new, what's the same & what's still in flux (for now).
https://t.co/vBHMlRlpjA
Thank you to all who attended today's space. Really great conversation!
In case you missed it (or want to give it a re-listen), a link to the recording is below.
Hope to see (and hear from) everyone again next week -
Thurs., 3/20 @ 10am PDT / 1pm EDT
https://t.co/vvkzoXJMXm
We're live in T-minus 90 minutes! Today, we'll be taking a deeper dive on tokenization, RWAs and stablecoins.
We'll touch on the latest technological innovations in the space and review recent legal and regulatory developments. Should be a fun chat. Hope you will join us!