Luminous is committed to accelerating the transformation of the digital economy focusing on regulatory compliant applications of blockchain-based technology
Luminous Group congratulates Carole House on her new position at the National Security Council. We are thrilled and appreciative that she sat down with Carol Van Cleef on her last day in the private sector to discuss several topics. https://t.co/3TuqY1bGxn
I had the privilege of talking with Carole House for one hour on her last day in the private sector before returning this week to the White House. Thanks to Carole’s knowledge, experience and passion, we packed in a lot -
https://t.co/EUb8kzNyBD
Join @Carol_VanCleef and Elizabeth Boison at the @WHF_DC Digital Assets Forum Monday November 13, 2023 virtually or in person to review recent digital asset developments https://t.co/tU6Yx6dI6Z
Thanks to @CryptoKingKeyur for highlighting this call for global regulatory coordination in crypto. This has been a theme in the US for more than a decade. The IMF eloquently laid out the case in 2021. https://t.co/ESeSBQQUGE
Kudos to @CryptoTaxGuyETH and @lex_node for thoughtful analysis of IRS proposed regs to impose tax reporting requirements broadly across multiple facets of crypto ecosystem. Any one is welcomed to submit a comment to IRS as part of process. And contact your congressional reps.
Seriously @jp_koning? PayPal is probably better positioned to address Ponzi abusers than almost anyone else in payments. Unlike more recent crypto/payments entrants, it has 20+ years of experience and many, many millions of $ invested in infrastructure - it should be ready. https://t.co/HcP23Qx2zR
Its complicated @HaileyLennonBTC Yes - ability to control economies was a Libra issue. But minimally regulated tether smashed concern last week (now 14th largest US Treasuries owner?) L/D was more about data. PayPal already has lots but presumably has been more respectful of it
More realism for those still consumed by Ripple post decision euphoria. Differing views by judges in the same district? Not different districts, not different circuits. Clearly no respect for one’s colleagues? Was this in the forecast @stephendpalley? Summer heat to continue…
When asked if CFTC takes into account political or media considerations in filing such lawsuits - “like the SEC seems to be doing” - strong NO answer from @CFTCbehnam. Rep. Rose: “good”. Not clear if coincidence includes new legislative proposal last week or today’s hearings.
CFTC Chair responded diplomatically to Rep.Rose @HouseAgGOP hearing if timing of @GaryGensler’s back-to-back CoinBase and Binance lawsuits was “at all coincidental”. @CFTCbehnam I don’t know…when time is right, for what ever reason, if you have to file the case you file the case
Much will be tweeted in coming hours/days. As you digest this 136 page complaint(longest SEC crypto-focused?) lots to unpack - and think about. #1 for me is where is DOJ/FinCEN? #2 WHY today - right after the HFSC chair intro’d long awaited crypto bill. https://t.co/Eku7XmsER5
Otherwise, primary focus - protecting depositor funds. Predictable restrictions golden parachutes. Cooperation expected from not only insiders but consultants and others. Crypto community maybe on the verge of learning about the liability of "institution affiliated parties."
Another chapter-or at least a page in the FTX book. Not very exciting consent order against Silvergate. Noteworthy: binds both parent company & bank to preserving almost every conceivable business and personal record, and cooperating with
Fed & others on FTX/Almeda and SEN...
Clever @SEC attention getter. Not quite on the same level as the HoweyCoins ICO - announced during Consensus 2018 - https://t.co/hwjKuEmScJ Critical question for @GaryGensler - is a #goldfish backed by gold, does it represent an interest in gold or is it simply a commodity?
Tweeted by @GaryGensler only minutes ago - after two days of being ruthlessly grilled by members of Congress. (S)He who questions the authority of the SEC hopefully has enough lawyers on retainer and money for their fees for the coming deluge.
Outstanding encapsulation @ProfessorStam of the latest challenge for both the banking industry industry and regulators. The crypto ecosystem “could have told you so if you would have listened.” Sort of like 13 year-olds telling their parents that “you know nothing.”
IL proactively considering explicit inclusion of NFT marketplaces and other activities in state licensing regime. A little good news (?) - it’s not defined as money transmission - so Federal criminal law won’t apply - and lack of a MT license won’t add 5 years in federal prison.