Huge!
The SEC just gave DeFi a broker exemption.
Uniswap UI, MetaMask Swap, DEX aggregators DON'T need to register as a broker-dealers.
DeFi apps just can't get paid for order flow, offer investment advice, or touch user funds - all fair.
Exactly the clarity we needed - the right approach.
I remember SBF telling us in 2022 they'd never allow DeFi apps to not be regulated as broker-dealers (and that only he could save us....by selling out DeFi to the U.S. gov).
Wrong again Sam.
And as for this Atkins/Pierce SEC....they just keep being awesome.
Can someone explain why if Robinhood is partnered with Kalshi there is such a big difference in payout on betting the Sharks to win the Stanley Cup? Betting $100 on $hood gets you $3300 and betting $100 on @Kalshi gets you $10,000 @RobinhoodApp What's going on here?
@bobleewaggeris Itโs not priced at zero if you factor in their debt. 3.64 billion. Iโm still a fan of the stock, but thatโs a figure you should include.
@0xMarcB@lex_node Shouldnโt we organically see price appreciation over time if the use cases force people to buy $pol which ultimately burns the supply? Or you desperately need people to buy and hold/stake the token as a testament to believing in what you are doing as a company?