A SYNOPSIS OF THE @SECGov 🆚 @LBRYcom SUMMARY JUDGMENT TRANSCRIPT.
As I said during @CryptoLawUS’s livestream after watching the SEC 🆚 LBRY Summary Judgment argument below is my single biggest criticism and observation along with direct quotes from the hearing.
Token lockups are a fundamental part of venture funding in crypto.
We took a look at token vesting trends over the last few years in an attempt to find an optimal vesting schedule for founders.
Read on below 👇
Comments on the SEC's proposed rule expanding the definition of "exchange" to (maybe) capture DeFi are due today.
As usual, the crypto industry is showing up in a big way. Read @BlockchainAssn's comment here: https://t.co/Eaa0RANJpr
Some other great comments I've seen so far 👇
1/ The SEC’s proposal to expand the definition of “exchange” is so broad and ambiguous that it may (or may not!) implicate DeFi.
If you’re a DeFi user, write to the SEC asking for clarification!
https://t.co/FR4Ey1WC8J
🧵with the state of play…
The SEC is now charging people with insider trading based upon their observations of how busy a company’s employee. The dissent from @HesterPeirce is worth the read. https://t.co/jC2JKJ1aPl
1/ The EU AML rules voted on Thursday originate from the so-called FATF travel rule first "recommended" in 2019.
Every country on earth has to (and will) implement measures to comply with it & as usual, the EU has gone further than everyone else.
A thread on the travel rule 👇
The SEC just proposed a rule that would expand the definition of regulated "dealers" to include people who "employ passive market making strategies" that have "the effect of providing liquidity" to others.
It's 200 pages but doesn't say "DeFi" even once. https://t.co/nB9TVQrZ7R
The Securities and Exchange Commission of Thailand announced a ban preventing businesses from using cryptocurrencies as payment.
@Fall_Of_Fiat covers the news
https://t.co/6UbWJ30qm4
1/ After reviewing the great paper by @David_M_Kerr and @milesjennings at @a16z on DAO structuring around unincorporated nonprofit associations, it was necessary to find a less US-centric solution. Today, @dydxfoundation published an additional option: https://t.co/OX6lxBTjPV
What does this mean for crypto?
Six European countries are working on launching an Anti-Money Laundering body that will include the cryptocurrency market in its purview. https://t.co/dkfMawmBcZ
Published just a bit early, the Treasury Department’s statement on President Biden’s executive order on digital assets calls for collaboration across government agencies to ensure security for consumers and investors. https://t.co/GxiiOmtjMe