The policy baseline for crypto is shifting all at once:
- Congress sketching safe harbors for open-source devs
- DOJ narrowing “money transmission” to actual custody
- SEC teeing up rule making on custody + issuance
These aren’t headlines, they’re fault lines. If you’re building, these changes set the operating environment for the next cycle.
See the full breakdown in our newsletter linked below 👇
MAGA Republicans said Kamala Harris didn’t have experience to be President even though she was a prosecutor, DA, AG, US Senator and Vice President.
Now they are cheering on a Fox Propaganda host for being nominated to lead the Pentagon.
It was always about racism and sexism.
@lex_node@collins_belton The @decredproject team has been ahead of the game for years. I remember buying staking tickets in 2017 for their combo-consensus and being impressed by the game theory in their governance docs. Interesting to see it getting attention again.
@travscrub10@andy8052 No way they would figure out how to do block by block recognition (unless they have special software that is unknown to me). Chuckling at the idea of the IRS being unble to follow its own guidance.
@travscrub10@andy8052 Is that how an audit works? I thought they just tell you to provide backup for your numbers, and if so, wouldn't need to actually have a better number, just the knowledge that you did it wrong.
@travscrub10@andy8052 Is it even possible to comply with income recognition guidance for governance tokens earned in liquidity pools? You have to calculate the # of tokens earned each block and the price in each block. No software exists to do this, so even aggregating to day periods is difficult.
Time to reallocate back into tech
"The CDC said in a report on Friday that 127 vaccinated people infected with the Delta variant during the outbreak appeared to carry as much virus as 84 unvaccinated or partially vaccinated people who became infected."
https://t.co/plqhVUm4Cg
@bottombucketaf Try emailing your outside counsel at that time. Almost a guarantee they are still actively working at their computer or keeping 1 eye on the phone while they eek out 30 minutes of time with their family before bed
@collins_belton The ones bashing banks and big tech are the ones most against crypto and defi. It fits their narrative of being pro-regulation and seems on brand.
@StaxStallion@W_Y_X@statelayer Bro what? A stablecoins point is to be stable. Algo stables have proven time and time again across multiple projects to in fact not be stable
If the US bans or seriously interferes with the innovation happening in DeFi, it will be an own goal 10 times worse than China cracking down on DiDi, which paralyzed innovation
DeFi today is the most rapidly innovating sector in tech, and most of that innovation is US-centric.