En Resumen
🚨NEW: @SECGov Chairman @GaryGensler’s remarks before the Piper Sandler Global Exchange & Fintech Conference.
“I disagree with the notion- and recent history disproves it -that crypto intermediary compliance isn't possible.”
Full speech in link 👇🏼https://t.co/QCEsQ1Ar6Y pic.twitter.com/tAiwudaAmT
— Eleanor Terrett (@EleanorTerrett) June 12, 2023
A 10 year-long registration process with no end in sight! https://t.co/CfdNbsNoFe
— Cameron Winklevoss (@cameron) June 11, 2023
The next 36 hrs will be critical for crypto.
Today 5 pm: @Binance files its opposition to SEC's motion for order freezing assets of @BinanceUS
Tomorrow 2 pm: Hearing on SEC's motion to freeze assets
Tomorrow (sometime): Release of summary judgment exhibits (including Hinman…
— MetaLawMan (@MetaLawMan) June 12, 2023
@GOPMajorityWhip Tom Emmer joined me in this critical fight to protect our markets: “American investors and industry deserve clear and consistent oversight, not political gamesmanship. The SEC Stabilization Act will make common-sense changes to ensure that the SEC’s priorities…
— Warren Davidson 🇺🇸 (@WarrenDavidson) June 12, 2023
US crypto policy in one chart:
Since Jan 1 2023, USDT supply is up $16.7b, USDC supply is down $14b.
US policymakers have successfully pushed investors out of onshore, regulated stables, into offshore, unregulated stables.
Biggest self-own in recent memory. pic.twitter.com/DEKb050DuQ
— nic 🌠 carter (@nic__carter) June 12, 2023
Chair Gensler in 2018 at a Bloomberg conference in NYC:
“Bitcoin. Ether. Litecoin. Bitcoin Cash. Why did I name those four? They’re not securities.”
What’s Goldman Gary going to say about this one? Deep fake? pic.twitter.com/p7DJlYkJIt
— Ryan Selkis 🪳 (@twobitidiot) June 12, 2023
Really regretting that we didn't bribe the SEC like Ethereum did.
If you get the chance to bribe government officials, please do it. It's worth every penny.
— LBRY 🚀 (@LBRYcom) June 13, 2023
out of the two bitcoiners who tried to attack me this morning, one of them couldn't figure out who pays me even though i disclose it everywhere, and the other somehow mistook me for a "web3 shitcoin scamm[er]" pic.twitter.com/bZtXWuJZk3
— Molly White (@molly0xFFF) June 13, 2023
4) they ignore the clear statements of the Chair that confirm they have no intent to issue new rules, and instead conflate the evidence of a decision those statements provide with an argument that the statements are themselves a decision. 3/5
— paulgrewal.eth (@iampaulgrewal) June 13, 2023
Facts. Apple building on and with bitcoin would benefit their company immensely.
Apple has been so great at taking early technologies and protocols and making them easy for everyone. I hope they are considering this one deeply. I imagine they are. https://t.co/vS664iySYv
— jack (@jack) June 13, 2023
#NEW: All Republicans on the House Financial Services Committee sent a letter to @SECGov demanding it rescind its proposed amendments to the definition of "exchange," which would stifle innovation and harm digital asset market participants.
👇Read more 🔗https://t.co/qcu1OK6Tkk pic.twitter.com/AQFpMWDPaD
— Financial Services GOP (@FinancialCmte) June 13, 2023
La subtrama de Prometheum
Last month, in the midst of the SEC bringing cases on Coinbase + Gemini, and giving the stiff arm to Robinhood and others, Prometheum gets approval for a first of its kind Special Purpose Broker-Dealer (SPBD) for digital asset securities…
— Matt Walsh (@MattWalshInBos) June 14, 2023
If I remember correctly, the moral of the 19th century opus - - Prometheu[m] Unbound - - is that it's more heroic to actively support justice for all, and suffer the punishment, than strike a deal with a corrupt authority for the sake of personal comfort and gain.
— Stuart Alderoty (@s_alderoty) June 15, 2023
The @SECGov has chosen to sue @Gemini, @coinbase, and @krakenfx for not complying with securities laws and yet at the same time has approved @PrometheumInc.
Here are some highlights that set Prometheum apart:
-Failed to launch a product in 6 years
-Hired multiple former SEC and… https://t.co/YsgUCcIjM5— Tyler Winklevoss (@tyler) June 15, 2023