Degoverned

Documenting the works of @DOGE.

[Degoverned @Degoverned]

@DOGE to close USAID. Learn more about the accomplishments of this organization 👇

[James Li @5149jamesli]

🚨 BREAKING: The Trump admin is moving to shut down USAID.

And the deep state is furious. 😠

Why? Because USAID isn’t really a "humanitarian aid agency" — it’s a covert intelligence arm funding coups, protests & regime change.

Here’s a 🧵 on its worst operations: 1/

[Degoverned @Degoverned]

No more free lunch — or even burrito.

[Elon Musk @elonmusk]

USAID is a criminal organization.

Time for it to die.

[Degoverned @Degoverned]

@levelsio Would love to see more countries to follow suit. That could be a generational transformation of bureaucratic machines all over the world.

[Degoverned @Degoverned]

EU took notice of @DOGE. More countries to follow suit.

[@levelsio @levelsio]

Also explicitly talks about appointing a DOGE like leader in the European Commission to deregulate and simplify regulation 👍

[Degoverned @Degoverned]

$MEGA movement is gaining traction in Europe. Thanks to the one and only @levelsio 💪

[PeterSweden @PeterSweden7]

Make Europe Great Again.

▪️Reject Socialism
▪️Restore free speech
▪️Protect the borders
▪️Expose mainstream media lies
▪️Get rid of woke ideology
▪️Promote family values
▪️Don't be ashamed of our heritage
▪️Stop far-left brainwashing in schools

Time to MEGA 💪

[Degoverned @Degoverned]

While @DOGE is infiltrating each US agency with a red team of four persons, @EU_Commission keeps making “reports on competitiveness” and pursuing “equitable” growth.

[European Commission @EU_Commission]

"To sustain our growth in the next quarter of the century, Europe must shift gears.

Next week, we are presenting our roadmap on European Competitiveness to increase productivity by closing the innovation gap."

— President @vonderleyen at #WEF2025

[Department of Government Efficiency @DOGE]

The penny costs over 3 cents to make and cost US taxpayers over $179 million in FY2023.

The Mint produced over 4.5 billion pennies in FY2023, around 40% of the 11.4 billion coins for circulation produced.

Penny (or 3 cents!) for your thoughts.

Sources:
https://t.co/MVVIOUoU5A

https://t.co/2YdEEmYrkg

[Degoverned @Degoverned]

And now the website is up: https://t.co/jg2c89RKWN

[Degoverned @Degoverned]

The Executive Order establishing DOGE: https://t.co/rwwDpkiAbI

[Degoverned @Degoverned]

We are here to help you with the legal part.

[@jason @Jason]

Just start a company

[Roman Buzko @roman_buzko]

That’s why we don’t have EU companies at https://t.co/tUI3ZHcP9Q yet. But hopefully @levelsio will run for office and make EU great again!

[Degoverned @Degoverned]

Come join https://t.co/Y30IqMthPE if you need a company in Texas, Florida or Wyoming, where you can mind your own business as a shareholder.

[Degoverned @Degoverned]

Here's a brief overview of tax filings in three states that can be excellent alternatives to Delaware:

👇

[Elon Musk @elonmusk]

The public vote is unequivocally in favor of Texas!

Tesla will move immediately to hold a shareholder vote to transfer state of incorporation to Texas.

[Degoverned @Degoverned]

Wyoming

— No corporate income tax
— No franchise tax
— No sales tax for SaaS businesses

👇

[Degoverned @Degoverned]

Happy to share that @Degoverned has been shortlisted for Product Hunt Golden Kitty Awards 2023 in the Bootstrapped & Small Teams category.

Now, we need your help to win! 🙏

Please cast your vote here: https://t.co/xMuLOqqaZc

❤️

[Roman Buzko @roman_buzko]

Top-10 Crypto Law Highlights 2023

As the year wraps up, it's a good tradition to reflect on the significant events that shaped the past 12 months. Here is a our joint take by @BuzkoKrasnov and @Degoverned on the most important legal developments in the cryptocurrency sphere for the year 2023.

This year was nothing short of eventful. Drawing from the famous saying, "First they ignore you, then they laugh at you, then they fight you, then you win," it’s clear that crypto has been deep in the "fighting" stage for some time.

Among the notable events of the year were the arrests of the developers behind the Tornado Cash privacy protocol, a targeted crackdown on crypto banks in the U.S., the CFTC's lawsuit against a DAO and its anonymous members, and a wave of restrictive measures from lawmakers.

On a brighter note, American courts have been cautious of the regulatory overreach, often siding with the crypto industry. This includes decisions like refusing to label XRP as a security, compelling the SEC to allow converting GBTC into an ETF, and throwing out a class-action lawsuit against Uniswap.

As we look ahead to 2024, this momentum is expected to persist. A key event to watch is the SEC vs. Coinbase lawsuit, with the first hearing set for January 17, 2024. This case is poised to impact the crypto's trajectory.

Additionally, with the US presidential election in full swing and crypto becoming a hot topic among candidates, the landscape is set to evolve further. The new President’s appointment of the SEC chair will undoubtedly shape regulatory approaches for the foreseeable future.

Download the full presentation here (no email required): https://t.co/vdeGX5tmT4. And, of course, share with your crypto friends!

[miles jennings @milesjennings]

If you're a founder in web3, you should never agree to fixed token allocations for investors.

Market standard is for token allocations to be dilutable, which is critical for maintaining flexibility for future fundraisings.

Fixed token allocations are predatory.

[Roman Buzko @roman_buzko]

We've just released a series of insightful articles on SAFE, or Simple Agreement for Future Equity — the go-to instrument for securing funding for early-stage startups in the U.S.

Check them out on the website of Buzko Krasnov 👇

1/ SAFE: Should’ve Asked For an Explanation is our primer that demystifies key terms, outlines various SAFE structures (Valuation Cap, Discount), and delineates the conversion process with clarity. For added utility, we've included a bespoke SAFE template and a handy Excel calculator.

https://t.co/FCXQtAJAOo

2/ Next, explore the specific events that trigger the conversion of SAFE into equity (shares).

https://t.co/o9O5ZKvUxl

3/ Lastly, drawing from years of advising investors and founders, we delve into the types of conflicts that escalate to litigation and share insights on judicial perspectives.

https://t.co/jgOxFvBfgG

Finally, do not forget to check out our vital legal guides:

👉 Legal Guide for Startup Founders in the USA 2023 (PDF): https://t.co/4HWKhnNSj7

👉 Crypto Startup Legal Playbook 2022 (PDF): https://t.co/cyGmlm2Qo4

Visit https://t.co/RSVsWxQCuw for handy tools to craft various SAFE agreements (including YC and our custom template) and other fundraising documents, tailored for both domestic and offshore entities (BVI/CY).