The veto of AB 2269 gives CA the chance to build a regulatory framework that keeps it at the forefront of innovation. A strong move by @GavinNewsom that paves the path for gov’t action that better incorporates feedback from industry and consumers alike https://t.co/oRgB6hfxQA
My hot take - after two years of litigation, the SEC is unable to identify any contract for investment (that’s what the statute requires); and cannot satisfy a single prong of the Supreme Court’s Howey test. Everything else is just noise.
.@GaryGensler's latest WSJ commentary proves that the SEC's priority is to protect its turf at the expense of the 40M+ Americans in the crypto economy. I responded, explaining how his agency’s actions are actually leaving consumers holding the bag. https://t.co/3yxaTHFuSp