Bulent Brad Yasar

Business Architect, #Entrepreneur and #Investor #Blockchain, #Marketing, #Branding, #VentureCapital, #PrivateEquity & #Cryptocurrencies.

[Bulent Brad Yasar @YasarCorp]

Having experienced both the Web2 and Web3 eras of investing, I want to share some insights and a few suggestions for improvement in the future: The Venture Model That Built Web2 Is Breaking Web3 https://t.co/k6JBbuDxzg #VC #Venture #Web2 #Web3 #Tokens #Investing

[Bulent Brad Yasar @YasarCorp]

Thank you @brian_armstrong and all of @coinbase team that worked on this tirelessly.

[Brian Armstrong @brian_armstrong]

Great news!

After years of litigation, millions of your taxpayer dollars spent, and irreparable harm done to the country, we reached an agreement with SEC staff to dismiss their litigation against Coinbase. Once approved by the Commission (which we're told to expect next week) this would be a full dismissal, with $0 in fines paid and zero changes to our business.

This is hugely vindicating, especially because many people questioned my decision to engage in litigation with the SEC on this matter in 2023. People told me the courts would give a lot of leeway to the government. They said public market investors wouldn't like it. They said it would take years and cost us tens of millions of dollars in legal fees (which it did). They said the agency would use mafia tactics like trying to pressure other companies not to work with us while the lawsuit was underway (which they did).

But I knew a few truths that helped make it an easy decision to fight them in court:

1. The SEC was wrong on the law.
They were exceeding the authority given to them by congress by asking us to delist a number of assets that were not securities. We had taken a conservative approach to ensure we weren't listing any securities, and the SEC itself had allowed us to go public in 2021 after reviewing our listing standards in depth. We tried to “come in and register” but it turned out it was a fake offer, as every crypto company discovered. Regulators are supposed to enforce the law, but they can't make up new laws on the spot if they don't like the current ones, or weaponize a lack of clarity in the law.

2. Caving to their demands could have killed the crypto industry in America.
The SEC made it clear to us that the only way to avoid litigation was to delist the many assets they falsely claimed were securities. It was a bullying tactic, pure and simple, driven by Gensler's own political agenda. And if we had caved, it would have dramatically limited the scope of which crypto assets were allowed in the US, and pushed the industry further offshore, into the shadows. Never forget how close a few activists in government came to unlawfully killing an entire industry in America! It could have easily gone the other way. Thank goodness the founding fathers created the judicial branch, as a check and balance on executive power.

3. It was the right thing to do for our customers and the industry.
At the end of the day, it didn't matter what our chance of success was. I had to stand up for our customers’ and our industry’s rights. I also knew it would serve as a deterrent for future bad actors around the world we may have to engage with, for them to know that we won't be bullied or pressured. We are comfortable engaging in litigation across multiple fronts, indefinitely, while continuing to build. This is business as usual. As Bain in The Dark Knight says, "you merely adopted the dark; I was born in it".

Growing up I had a naive view that regulators exist to hold companies accountable. What I realized in this ordeal is sometimes, companies must hold regulators accountable who are painting outside the bounds of the law, to preserve freedom. Accountability can actually happen both ways. At Coinbase, our mission is to increase economic freedom, and I initially thought we could achieve this solely through our crypto products. But I'm increasingly realizing that we can move the needle on economic freedom in the courts and through our policy efforts as well, when we see bad actors in government around the world. We plan to do more of this.

I have to give credit here to the Trump administration, for winning the election, and for the departure of the activist head of the SEC, Gary Gensler, who orchestrated this unlawful action along with Elizabeth Warren, and a handful of their lackeys in congress. I feel confident we would have won this case in the courts either way, given our facts were so strong, but it certainly helped accelerate the process and drive accountability. I called out the sketchy behavior of the SEC back in 2021, and I believe this comment turned out to be prescient.

I want to give a shout out to all the other crypto companies who fought back with their own lawsuits (we certainly were not the only ones).

I want to give a shout out to all the crypto startups who couldn't afford the legal fees, and went bankrupt due to the administration's abusive tactics. Your company may have died, but crypto lives on. Don't stop building.

I want to give a shout out to both Democrat and Republican members of congress, who are working hard to ensure America leads on crypto. I know that Gary Gensler and Elizabeth Warren do not represent the entire Democratic party.

And I want to give a shout out to all the crypto holders in the US who elected pro-crypto candidates, on both sides of the aisle, to make sure your rights were preserved. It turns out the crypto voter is real, and showed up in the millions.

Finally, I expect we'll continue working productively with the SEC on any number of items over the years, just as we do with every agency around the world where we operate. I look forward to the SEC being reformed under Paul Atkins, Mark Uyeda, Hester Peirce, and DOGE, and new more sensible personnel coming into leadership roles. I commend the new leadership that is already in place for working to right this wrong - it's a great step in the right direction, and took courage. Now let's get some crypto legislation passed in the US to finally clarify the rules, and really kick off this next phase of building.

[Bulent Brad Yasar @YasarCorp]

Focus is a decentralized social media app where you get paid in crypto. Anyone can launch a meme coin, and all posts are stored directly on the blockchain so you can't be de-platformed. It's the future. Best part: You get $100 when you join using my link https://t.co/BMy6uMPvt5

[Bulent Brad Yasar @YasarCorp]

Bridging Finance, Pop Culture, and Social Movement: The Meme Coin #memes #socialmovement #popculture. Check it out! https://t.co/wBxB42Xniy

[Bulent Brad Yasar @YasarCorp]

Ethical Market Making is getting more and more critical as digital assets grow! https://t.co/N619dI9gSI @System9_

[Bulent Brad Yasar @YasarCorp]

Is #Bitcoin starting a #Supercycle? ;) https://t.co/FrpDitC5oH #ETF #BitcoinETF #Halving #HODL

[Time Capsule Tales @timecaptales]

@historyinmemes 12 Years Of Bitcoin Development In 60 Seconds

[(Coach K) @Coachkcrypto]

The easiest and safest on and off ramp into and out of crypto!

Before joining @eqifi_finance as CSO, it was hard to spend my crypto, I joined mainly because it solved a massive problem of my own, and that most of us go through!

One of the safest places to OTC is EQIFI!

[Bulent Brad Yasar @YasarCorp]

@cz_binance Thank you for everything CZ! Enjoy the well deserved break.

[Bruce Fenton @brucefenton]

How to fix securities in the US:

1) Reg CF currently allows exempt securities offerings up to $5 million to unaccredited investors — increase this to $100 mm

2) Tokens that are securities should be recognized as securities & tradable by SEC / FINRA licensed firms like any other security

3) Tokens without a fundraise, premine or central control are not and should not be considered securities

4)Tokens that do a premine or fundraise could raise under Reg CF above - but would disclose where the funds go etc.

5) Codify in the regs that a token can cease being a security and can become a commodity if sufficiently decentralized

6) Grandfather in all existing tokens in a safe harbor for five years - in this time they can either become reporting companies or can become commodities

7) Allow Bitcoin or other non securities to be used for settlement of securities

[Bulent Brad Yasar @YasarCorp]

@Nouriel Making baseless accusations about people you obviously know very little about is poor form. @Gabriel__Abed has been a long advocate of the digital asset industry since it’s inception and an outstanding one. @Nouriel you have hit an all time low.

[Brad Mills 🔑⚡️ @bradmillscan]

🚨USDT only dropped last night because someone attacked the peg to profit.

There’s no real risk of USDT having a sustained depeg because of these attacks.

During extreme events (Celsius, Luna, FTX) mercenaries manipulate the fungibility of USDT through DeFi pools like curve.

[Bulent Brad Yasar @YasarCorp]

I recently spoke to Chief Trailblazer @Rose_at_O on the #FoundersonFire 2022 podcast.

You can listen to it here
https://t.co/98ls5Sgs00

#eqifi $eqx #defi #techtrailblazers

[EQIFi @eqifi_finance]

E-commerce & crypto should go hand in hand. However, many retailers are not accepting crypto payments at checkout yet. 💸

We are on our way to letting you shop with EQX!
Stay tuned! 👀

#EQIFi $EQX #CryptoCurrency #ShopOnline #eCommerce

[EQIFi @eqifi_finance]

One year is a long time, but we are only getting started! 🚀

Many things have happened, and we are thrilled to have your support during this incredible journey! 📈

Here's to the future of finance
https://t.co/62MLa6qnpH

#EQIFi $EQX #Anniversary #DeFi #Celebration

[Bulent Brad Yasar @YasarCorp]

I had a brief discussion with @MonacoLife_ about @eqifi_finance, DeFi regulation, and mainstream banking. Read below

#EQIFi $EQX #DeFi #Fintech #Blockchain #BSC #ETH #BTC #Crypto #CryptoCurrency https://t.co/y51ulbi470

[Bulent Brad Yasar @YasarCorp]

I recently had a discussion with @Nasdaq about the issues experienced by Terra!

The full article link is below

#EQIFi #DeFi #Terra #Nasdaq #Stablecoin #CryptoCurrency https://t.co/P6ydp6USzL

[Bulent Brad Yasar @YasarCorp]

In this episode of Tech Talks Daily, I talk with @NeilCHughes about how to approach yield farming and how it can be profitable for crypto traders.
Listen Here https://t.co/moTZj9VHNO
#EQIFi $EQX #yield #yieldfarming #income #cryptocurrency #crypto #blockchain

[Bulent Brad Yasar @YasarCorp]

I had a great conversation with Derek Andersen at @Cointelegraph on how blockchain tech offers multiple paths to financial inclusion for the unbanked.

Read more 👉 https://t.co/uUUl60f2nj

#EQIFi #EQX #DeFi #Fintech #Cointelegraph #blockchain #tech #Crypto

[EQIFi @eqifi_finance]

EQIFi continues to have the only #DeFi ad in the London Tube, being seen by 5 Million people on a daily basis. 🇬🇧🚅

We hope you enjoy seeing us on your way to work every day.🙌

Download the EQIFi app here👉https://t.co/IjcQhiYxk1

#LondonUnderground #Travel #Tube #London