Resolve76 retweeted
so many of you will remember my reporting around "operation choke point 2.0" from the spring of 2023; TLDR, Biden's financial regulators, namely the Fed, FDIC, and OCC launched a crackdown on banks covering the crypto space...
Resolve76 retweeted
Big milestone for USDC. Onchain insurance products underwritten by Lloyd’s of London.
.@LloydsofLondon coverholder @Evertas and Ethereum-based insurance marketplace @nayms have teamed up to offer on-chain crypto policies. By @IanAllison123.
trib.al/jQPcbwL
Resolve76 retweeted
Breaking: #Solana $SOL is no longer defined as a security by the SEC - July 29th - The @SECGov #SEC moves to amend complaint against @binance - seeks to no longer prove tokens such as @solana are securities.
The SEC informed Defendants that it intends to seek to amend its Complaint, including with respect to the “Third Party Crypto Asset Securities” as defined in the SEC’s Omnibus Opposition to Defendants’ Motion to Dismiss, Dkt. No. 172, obviating the need for the Court to issue a ruling as to the sufficiency of the allegations as to those tokens at this time.
storage.courtlistener.com/re…
$ADA, $SOL, $MATIC, $Sand, $Fil, and $Mana are no longer securities according to the SEC “ at this moment in time”
Resolve76 retweeted
BREAKING: Democrat politicians have written a letter to the DNC, asking the party to pivot away from the anti-bitcoin policies of Elizabeth Warren.
This is likely in response to polling data, the GOP pro-bitcoin policies, and President Trump speaking at @TheBitcoinConf
Resolve76 retweeted
According to Reuters, the US SEC may approve the launch of a spot Ethereum ETF by July 4. Negotiations between asset management companies and regulators have entered the final stage, and only the final minor revisions are left. Approval may take no more than a week or two.
reuters.com/technology/us-re…
Resolve76 retweeted
Financial regulators have used multiple tools at their disposal to try to cripple the digital-asset industry. @SECGov has claimed sweeping authority, but refuses to provide any rules, let alone consistent or coherent ones. While @FDICgov pressured financial institutions to cut off the industry from the banking system. Today we filed lawsuits under the Freedom of Information Act for requests we made over a year ago seeking important information to which we, and the public, are entitled. 1/5
Resolve76 retweeted
🚨BREAKING: The @SECGov has informed @Consensys that it’s closing its investigation into $ETH’s status and transactions as a possible security. 👇🏼
ETHEREUM SURVIVES THE SEC.
Today we’re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0.
This means that the SEC will not bring charges alleging that sales of ETH are securities transactions.
Resolve76 retweeted
BREAKING: SEC approves 8 Ethereum ETFs including BlackRock and Fidelity theblock.co/post/296304/sec-…
Resolve76 retweeted
1/ The US House is voting on FIT 21 today.
Biden just said he wants comprehensive crypto regulations.
Time for another explainer thread.
+ What is FIT21?
+ Why is this bill important?
+ What does FIT21 tell us about shifting political alliances and power in the US?
🧵👇
Resolve76 retweeted
🚨BREAKING: SEC has asked for a 6 hour delay with regards to spot ETH ETF decision
Resolve76 retweeted
This would mean a "pro crypto bill" will pass congress and go to Biden's desk for signature.
If Biden vetos he's "anti-crypto".
Biden already said he would veto in support of Gary Gensler's SEC.
If Biden votes then Trump & R's will double down on pro-crypto rhetoric and use it as a wedge issue to win independents.
They'll get money and votes from single issue crypto voters - D's are vastly underestimating this cohort - especially in swing states.
And just like that Gary Gensler and Elizabeth Warren could cost Biden the white house.
Resolve76 retweeted
Dear @SenateDems , @HouseDemocrats can we please learn from what Japan is doing ? Why is it they are fully supporting it, and our SEC is making it impossible to survive in the USA ?
This is the first technology that I can recall that we have handed to the rest of the world, while shutting it down here
Resolve76 retweeted
For too long, the U.S. digital asset ecosystem has been plagued by regulatory uncertainty that stifled innovation and left consumers unprotected.
#FIT21 will cement American leadership of the global financial system and bolster our role as an international hub for innovation.
🚨 BREAKING: House to consider the Financial Innovation and Technology for the 21st Century Act.
#FIT21 will deliver robust consumer protections and regulatory clarity for digital asset markets.
👇 Read more 🔗
financialservices.house.gov/…
Resolve76 retweeted
If @joebiden loses, there is a good chance you will be able to thank @GaryGensler and the @NewYork_SEC
Crypto is a mainstay with younger and independent voters. Gensler HAS NOT PROTECTED A SINGLE INVESTOR AGAINST FRAUD
All he has done is make it nearly impossible for legitimate crypto companies to operate, killing who knows how many businesses and ruining who knows how many entrepreneurs.
This is also a warning to Congress. Crypto voters will be heard this election. You could solve this problem for Biden by passing legislation that defines registration that is specific to the crypto industry just as other industries have registration that is defined for them
Or you could do the better option and assign all crypto to be regulated by the @CFTC
They actually know what they are doing
@ericswalwell @SenSchumer
Resolve76 retweeted
Latest in string of misguided anti-crypto errors by the Biden-Warren administration that could cost them the election. The single-issue #Bitcoin/crypto voting bloc is significant. @standwithcrypto
JUST IN 🚨: The Biden Administration would veto legislation permitting financial firms to custody #Bitcoin and crypto. 👀
Resolve76 retweeted
🚨 Consensys sues SEC over Ethereum. Seeks:
-- Ruling Ethereum not a security
-- Injunction for SEC to leave ETH devs alone
-- Ruling MetaMask not a broker dealer
fortune.com/crypto/2024/04/2…
Resolve76 retweeted
At present, the world's major assets total about 900 trillion US dollars, according to @Croesus_BTC's chart, including about $330T worth of real estate, $300T bonds, $120T money, $115T equities, $18T art, $12T gold, and $1.2T Bitcoin. Bitcoin has reached 1/10 of gold’s total assets value. nitter.gq/Croesus_BTC/stat…
