Gerald Gallagher

GC @Sei_Labs // host @CryptoAmerica_ // co-founder @DCDAOxyz // Digital Finance @BrettonWoodsCom // fmr fintech & health vc

[Gerald Gallagher @thatgerald]

“Yea my path into VC was pretty non-traditional” - Jeremy, 2 yrs McKinsey, 2yrs Uber Ops, dad plays golf with Larry Ellison

[Gerald Gallagher @thatgerald]

@joe_defi Incredible run Joe excited to see what you do next

[Gerald Gallagher @thatgerald]

“Today’s action is just the beginning. The CFTC is starting the process of addressing gaps in crypto-asset market structure and creating clear rules of the road for innovators and market participants. We haven’t solved every problem, nor can agency action substitute indefinitely for a statutory framework passed by Congress, but we must do what we can.”

Thank you @ChairmanSelig for your continued commitment and leadership for regulatory clarity on digital asset markets in the US.

[Mike Selig @ChairmanSelig]

🚨BIG news ahead. Tune in below at 11:45am ET.

[Gerald Gallagher @thatgerald]

@DannyCarpio_ You mean like @SpellbookLegal

[Gerald Gallagher @thatgerald]

I’m happy to connect with you on LinkedIn but no I’m sorry I don’t want to try your new AI tool for lawyers

[Gerald Gallagher @thatgerald]

Touch grass.

We’ll be ok.

[Crypto In America @CryptoAmerica_]

🚨NEW: Do the banks actually want the Clarity Act to pass?

@a16zcrypto’s Head of Policy and General Counsel @milesjennings says he’s seen “no evidence” of the deposit flight banks have warned could result from stablecoin rewards and argues some banks just “don’t want this bill to pass at all.”

Jennings joined us at @SALTConference Wyoming to break down the path to 60 votes, the banking battle, why SEC action alone can’t give founders long-term certainty and whether the scars of the Gensler era are still driving crypto entrepreneurs away.

Full conversation and links.👇🏼

[Jake Chervinsky @jchervinsky]

The best way to protect crypto from a future hostile administration is to have robust, regulated markets for great products in the USA for as long as possible before any change in leadership. There is no protecting crypto if nobody uses crypto, and no killing it if everyone does.

[Gerald Gallagher @thatgerald]

SCOOP: There are more motions pending. Docket forming. More to come. The wheels of justice are turning.

[Gerald Gallagher @thatgerald]

As a member of said league I feel the need to speak up.

Respondent moves to stay the delinquent-dues proceeding pending review by a capable tribunal, on the ground that the Commissioner is the payee, the plaintiff, and the judge. In the alternative, Respondent notes the dues will be sent sent to the wallet address the Commissioner posted as a screenshot in a timely manner, and finality is not Respondent’s problem.

[Gerald Gallagher @thatgerald]

@N0th1n3 @jacqmelinek It’s called in the Trenches with @CarlKVogel

[Gerald Gallagher @thatgerald]

@erichdylus Where there is a tyrant, it is not merely a flawed state, but as a matter of logical necessity, no state exists at all. For a state is the bond of law uniting a multitude.

[Gerald Gallagher @thatgerald]

As a member of said league I feel the need to speak up.

Respondent moves to stay the delinquent-dues proceeding pending review by a capable tribunal, on the ground that the Commissioner is the payee, the plaintiff, and the judge. In the alternative, Respondent notes the dues will be sent sent to the wallet address the Commissioner posted as a screenshot in a timely manner, and finality is not Respondent’s problem.

[Drew Hinkes @propelforward]

Join a fantasy football league with your lawyer friends, they said . It’ll be fun, they said.

[Gerald Gallagher @thatgerald]

@TimHite Niche

[Sei @SeiNetwork]

JUST IN: Agentic trading is live on Sei, with @MetaMask Agent Wallets.

[Eleanor Terrett @EleanorTerrett]

Thanks @BrendanPedersen.

Lummis told us Senator Hawley is “really resistant.” He didn’t vote for GENIUS and the expectation is that he also won’t vote for Clarity, although discussions with his office are said to be ongoing.

Other GOP resistance appears to be driven by concerns from the banking sector over the bill’s stablecoin yield provisions, as Brendan has been reporting.

One plugged in industry source told me yesterday that, given the pressure from bank lobby and some Republican concerns, they expect at least some changes to the yield section before the bill reaches the floor, although unclear if the tweaks would be enough to satisfy the banks.

[Gerald Gallagher @thatgerald]

Thank you @DigitalChamber and @JapanEmbDC for putting together a great discussion on the future of digital assets this afternoon.

With the path forward on CLARITY in front of us, it’s exciting to see the world’s most vibrant financial markets guiding institutional adoption of digital assets that matches US adoption. The US leads the way and Japan, with a trading market of over $8.5T, is clearly looking forward to discussions on vital policy for the 21st century. Can’t wait to see what happens next.

[Crypto In America @CryptoAmerica_]

Our very own @thatgerald breaks down the lawsuit everyone is talking about: @CMEGroup CEO Terry Duffy’s case against the @CFTC.

[Patrick Witt @patrickjwitt]

July is shaping up to be quite a month. What better way to celebrate our nation’s 250th than by cementing American leadership in global financial markets for decades to come? 🇺🇸

[conor brennan-burke @contextconor]

the ‘ghost kitchen’ era of the internet is coming very soon

we’re going to see lots of websites and products that are built only for agents, without a human in the loop

this is inevitably going to be the majority of traffic, and much larger than the human internet

[Mike Selig @ChairmanSelig]

I've said since day one that the @CFTC will be looking at perpetuals on an asset-by-asset basis.

The CFTC staff’s advisory on 24/7 trading made this point abundantly clear, and we will continue to work to ensure responsible innovation is allowed to flourish in American markets.

📺👇

[Gerald Gallagher @thatgerald]

Crazier things have happened

[Eleanor Terrett @EleanorTerrett]

Hitting the timeline of passing the Clarity Act into law by July 4 would require finding an ethics solution both Republicans and Democrats can live with, addressing issues in the Ag text, merging the bills, securing 60 votes, and passing it through both the Senate and House in just two weeks.

Logistically impossible.