Prinz Eugen, der edle Ritter 📚

auf der Rechten. Tät als wie ein Löwe fechten.

[Prinz Eugen, der edle Ritter 📚 @primesna]

👀

[Prinz Eugen, der edle Ritter 📚 @primesna]

When the ETFs begin trading...

🚀🚀🚀

[Nate Geraci @NateGeraci]

Update on spot bitcoin ETFs…

“Sources close to the proceedings say the SEC could begin notifying issuers of approval on Friday with trading beginning as early as next week.”

via @EleanorTerrett

[Prinz Eugen, der edle Ritter 📚 @primesna]

Ah, so the ETFs were priced in after all!

[Jerry Brito @jerrybrito]

The obligation applies to *individuals* if they receive $10k+ in the course of their trade or business, not just "businesses." So, if I'm a miner (even as an individual) I'm covered. Also, if I'm a day trader (even as an individual) I'm covered. If I'm an NFT artist it would also cover me even if I don't have an incorporated business, etc. Again, it is not just "businesses" that must comply but individuals too if they receive the funds in the course of their trade or business.

That all said, what constitutes "trade or business"? Well, it's not exactly clear from Treasury guidance to date. No clear bright line rule that I can find. We point this out in our lawsuit:

And also in the report we published a while back:

[Prinz Eugen, der edle Ritter 📚 @primesna]

@GivnerAriel Not sure whether the last sentence is 100% certainly correct. My understanding is that the definition of "trade or business" can be quite murky.

[Prinz Eugen, der edle Ritter 📚 @primesna]

I ain't engaged in no trade and no business

[Prinz Eugen, der edle Ritter 📚 @primesna]

Imagine holding a Bitcoin ETF in an IRA.

No capital gains tax.

👀

[Ansem @blknoiz06]

i dont even understand why yall are trying to psyop yourselves into thinking the etf shit is bearish, bro the largest asset manager in the world is backing a spot bitcoin etf and shilling it on national tv to everyone with a fidelity account

what the fuck more do you want?

[Prinz Eugen, der edle Ritter 📚 @primesna]

@TheDFreshmaker https://t.co/j2z43nPTL2

[Prinz Eugen, der edle Ritter 📚 @primesna]

@drews888 That's a good conservative target

[Prinz Eugen, der edle Ritter 📚 @primesna]

@Lui_penigress @iamzhe What do you mean by "Sol passive airdrops"? Staking rewards?

[Prinz Eugen, der edle Ritter 📚 @primesna]

Happy New Year, degens!

Here's to making millions in 2024

[Prinz Eugen, der edle Ritter 📚 @primesna]

Predictions for 2024:

1) You will purchase a gently used 2001 Honda Civic

[Prinz Eugen, der edle Ritter 📚 @primesna]

@brianmosher99 I'm not a securities lawyer, but I'm very confident that doing this would require a very stringent regulatory approval process. Without which the whole thing is pointless - why would I buy stock coins if there's a risk that the SEC closes the whole thing down tomorrow?

[Prinz Eugen, der edle Ritter 📚 @primesna]

Would be a regulatory headache, but interesting to see if it could be implemented.

No one is paying $50 transaction fees to trade stocks on $ETH. Why would I, when I can trade from my brokerage account with fees of $0? But on $SOL, transaction fees ARE essentially $0.

[SolanaFloor @SolanaFloor]

🚨BREAKING BIG : @JupiterExchange Co-founder just hinted that soon you will be able to trade stocks, forex, and commodities all in one place on Jupiter Exchange

[Prinz Eugen, der edle Ritter 📚 @primesna]

@NYSoul2x Right, and that becomes a completely insane opportunity.

What's better digital gold: Bitcoin or a Solana coin that is 100%-backed by $GLD?

Now, imagine DeFi using coins that are backed by stocks.

Insane stuff. But, again, a regulatory headache.

[Prinz Eugen, der edle Ritter 📚 @primesna]

BTW, a Solana coin backed by a stock or ETF would be better sound money than Bitcoin. Let that sink in.

[Prinz Eugen, der edle Ritter 📚 @primesna]

@General_Sol 🤝

[Prinz Eugen, der edle Ritter 📚 @primesna]

@obiexyz @DegenFaragu @0xNIC0 @ZKVerseNFT 🤝

[Prinz Eugen, der edle Ritter 📚 @primesna]

@obiexyz @DegenFaragu @0xNIC0 $DARK is currently emitted by the Anon Club NFTs via staking, but I think that'll be over not too long from now.

@ZKVerseNFT is the next thing from Nico/Anon Club; I think minting fairly soon.