Satoshi’s Secret
Get in on a chat-based puzzle game where you can solve riddles and climb your way up the leaderboard.
⤷ Free NFTs to commemorate each level
⤷ Unlock hints by inviting friends
Start playing by sending a message to satoshissecret.eth: https://t.co/f1lSqpedod
Coinbase Wallet now has a simple mode that focuses on payments. For instance, it lets you send USDC on Base free, instantly, globally.
We'll try experimenting with this as the default mode in frontier markets for easier onboarding. People can always flip to advanced when ready.
Big news - Coinbase wallet now speaks human! Transactions are finally explained in plain English so you can share your crypto adventures with anyone. 🚀
Since the founding of Coinbase back in 2012 we have taken a long-term view. I knew we needed to embrace compliance to become a generational company that stood the test of time. We got the licenses, hired the compliance and legal teams, and made it clear our brand was about trust with our customers and following the rules. We wanted to increase transparency and raise the bar on trust, so we became a public company in 2021.
This meant we couldn't always move as quickly as others. It's more difficult and expensive to take a compliant approach. You can't launch every product that customers want when it’s illegal. But it's the right approach because we believe in rule of law.
Today's news reinforces that doing it the hard way was the right decision. We now have an opportunity to start a new chapter for this industry. We took a lot of arrows operating here in the U.S. due to the lack of regulatory clarity, and my hope is that today's news serves as a catalyst to finally achieve that. Americans should not have to go to offshore unregulated exchanges to benefit from this technology. This industry should be built right here in America, in a compliant way, under U.S. law. We're going to stay here in the U.S. because we believe in economic freedom and that the U.S. democratic system will eventually get this right.
Decentralization and crypto is a powerful tool to update the financial system and build a global economy with more economic freedom. We're just getting started 🚀
Important action you can take to protect the value of your crypto in America:
Today, two House committees started voting to take an important step on legislation that will create regulatory clarity for crypto. They will continue tomorrow. The bill will evolve during the legislative process, but a vote today for the Financial Innovation and Technology for the 21 Century Act is a vote to protect your crypto, American innovation, and national security. Click below to email your Reps today to urge them to vote “yes” this week on FIT21. https://t.co/Es2wffIkct
We setup a cafe, in a fully permissionless way, so Eth CC Paris attendees could experience purchasing a ☕️ and 🥐 with crypto.
It should be this simple to provide utility. Every business can do this.
Tools like @ensdomains make this easier.
3 books played an important role behind building ideologies around crypto space.
1. Mastering Bitcoin : Bitcoin normies love it.
2. The Bitcoin Standard: Bitcoin Maxis love it.
3. Network state: Web3 Maxis love it.
I am a generalist and I don’t read books 😂
Regarding the SEC complaint against us today, we're proud to represent the industry in court to finally get some clarity around crypto rules.
Remember:
1. The SEC reviewed our business and allowed us to become a public company in 2021.
2. There is no path to "come in and register" - we tried, repeatedly - so we don't list securities. We reject the vast majority of assets we review.
3. The SEC and CFTC have made conflicting statements, and don't even agree on what is a security and what is a commodity.
4. This is why the US congress is introducing new legislation to fix the situation, and the rest of the world is moving to put clear rules in place to support this technology.
Instead of publishing a clear rule book, the SEC has taken a regulation by enforcement approach that is harming America. So if we need to avail ourselves of the courts to get clarity, so be it.
Btw, in case it’s not obvious, the Coinbase suit is very different from others out there – the complaint filed against us is exclusively focused on what is or is not a security. And we are confident in our facts and the law.
We'll get the job done. In the meantime, let's all keep moving forward and building as an industry. America will get this right in the end.