“Just as British scientist Sir Tim Berners-Lee revolutionized the world of information by inventing the internet, Hughes now has the opportunity to transform the landscape of financial freedom with Radix.”
Preach @DailyMailUK
https://t.co/yinaNpM0OC
🚨 NEWS - Today I filed the SEC Stabilization Act to restructure the @SECGov and #FireGaryGensler.
U.S. capital markets must be protected from a tyrannical Chairman, including the current one. It’s time for real reform and to fire @GaryGensler as Chair of the SEC. Statement ⬇️
JUST IN - 🇺🇸 US Congressman files legislation to FIRE the Chairman of the SEC, saying "U.S. capital markets must be protected from a tyrannical Chairman"
We successfully prevented @POTUS' 30% digital asset mining tax from being included in the debt ceiling deal but the fight is far from over.
I am working on a regulatory framework that will allow individuals and companies to own and trade digital assets in America.
Stay tuned...
Big news for me & @radixdlt
Our novel sharded consensus protocol #cerberus has been accepted for publication in the academic journal @jsysresearch after a rigorous peer review process.
https://t.co/0KZ8r3V86S
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.
@GaryGensler Chair Gensler,
The problem is we don't trust to SEC to protect investor interests any more than we trust CZ. In fact, most of us trust the SEC less than we trust Binance.
What steps are you taking to build trust with the crypto community you seem so intent on governing?
The Scryptonaut ranks are growing as developing DeFi is now more user-friendly, efficient, & faster thanks to #Scrypto 🧑💻
With Scrypto, an AMM that matches Uniswap v2 in functionality requires only around 100 - 150 lines of code compared to roughly 2,000 lines of Solidity
We must stand with @brian_armstrong in unwavering solidarity! Now, more than ever, it's crucial that we rally behind those who stand up for what's right and just. Let's make our voices heard and show our support for those who refuse to back down in the face of adversity. Together, we can make a difference! 💪🏼