So let me get this straight. You support the Khamanei regime that killed 38,000+ protesters and maimed hundreds of thousands more. A regime that has repeatedly called for Death to America and has killed thousands of our servicemen and citizens. One that has taken away women’s rights and freedoms for the Iranian people.
And then you call our efforts to destroy the evildoers a catastrophic escalation.
You also support those who attack our police force. You take the side of the criminals rather than the victims of violent actors in our city.
How is it that you can’t differentiate between good and evil?
Why is this so hard for you?
Today’s guilty verdict against Roman Storm for unlicensed money transmission is an unfortunate outcome. Like many in the industry have raised, we agree that non-custodial software through which people engage in self-directed, P2P transactions is not money transmission, and the government erred in charging this count in the first place.
This decision could have a wide-ranging and unintended impact on the blockchain ecosystem as a whole. The lack of regulatory clarity that has long plagued the crypto industry not only impedes innovation, it’s dangerous. Now, developers may fear their projects could run afoul of the law. This result is misaligned with the goals of the current administration and jeopardizes its push to place the United States at the forefront of crypto innovation.
The sole count of conviction (18 U.S.C. § 1960) was driven by the court’s pre-trial legal interpretation, not jury fact-finding. We believe the court erred in discounting FinCEN’s guidance and so broadly defining money transmission. Unfortunately, this may have tied the hands of the jury and dictated the outcome.
But, the fight is not over. Storm has multiple grounds for appeal. And we will continue to support the fight to protect developers—in legislation, regulatory rulemaking, and the courts.
Today is a transformative day for everyday investors. Republic and Hamilton Lane are making private equity funds accessible to all. $500 minimums, pay with USD or crypto (USDC). Learn more here: https://t.co/NNxA06REI5
@AndreCronjeTech@AndreCronjeTech concurrent Reg D/S offering through a licensed BD (preferably one that is licensed to facilitate digital assets like @joinrepublic). Sell a SAFT/TPA which is the “security” - not the tokens. DM me if you wanna chat through.
I’ve said it before, and I’ll continue to say it - this is not your typical crypto cycle. These are unprecedented times; a crypto golden age is upon us.
@OpenAI / @sama strange that I’m unable to upload docs with o1 pro mode, and it’s materially slower than the other options. Hardly seems like it’s worth the $200/month. I’m an attorney and use it to assist with contract drafting/analysis etc. , what am I missing ?
New SEC chair.
BTC over $100K.
Potential regulatory clarity.
Crypto-friendly administration.
Tangible institutional adoption.
The marriage of blockchain and Ai.
This is not just another bull run cycle...
it's a new era - and we're just getting started.
#CryptoCommunity
Unsurprising.
This is not the first affirmative case and will certainly not be the last, given that vigorous prosecution is the consequence of failing to comply with the (unworkable) securities rules.
We need guidance, and despite extraordinary efforts for rulemaking, especially from @coinbase, we're arguably further from clarity than ever before.
Unfortunately, instead of leveraging the limited resources, the SEC has to focus on rulemaking to facilitate capital formation, protect investors, and maintain fair, orderly, and efficient markets, it has chosen to attack businesses despite being able to articulate the rules for those businesses to follow.
Unsurprisingly, @cryptocom sued the SEC.
Industry players need clarity and transparent rules and the SEC has failed to provide clear guidelines on how industry players can "come in and register" in compliance with rules and regs. This is not the first affirmative case and will certainly not be the last given that the consequence of failing to comport with the (unworkable) rules is vigorous prosecution.
We need guidance, and despite extraordinary efforts for rulemaking, especially from @coinbase, we're arguably further from clarity than ever before.
Unfortunately, instead of leveraging the limited resources, the SEC has to focus on rulemaking to facilitate capital formation, protect investors, and maintain fair, orderly, and efficient markets, it has chosen to attack American businesses despite being able to articulate the rules for those businesses to follow.