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AnoncounselšŸŽ©

@anoncounsel

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AnoncounselšŸŽ©
@anoncounsel
Founders sometimes ask whether the juice is worth the squeeze when working towards decentralizing their project. These approvals reaffirm that the correct answer was always YES. https://x.com/milesjennings/status/1793767602202030154?s=46&t=z7ze1jQzBwG8ed1eyBo8Tg
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AnoncounselšŸŽ©
@anoncounsel
Another highly publicized loss for the current SEC & Chair Gensler. Wonā€™t be surprised to see an uptick in enforcement as the SEC attempts to bury its continued Ls. https://x.com/intangiblecoins/status/1791140960459514152?s=46&t=z7ze1jQzBwG8ed1eyBo8Tg
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AnoncounselšŸŽ©
@anoncounsel
Gvt says exploiting MEV-Boost tampers w/ the integrity of the network. But MEV bots tamper w/ user activity all the time. False signature seems key here but still ironic imo to see gvt interference when the bots get rekt.
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AnoncounselšŸŽ©
@anoncounsel
CFTC Chair Benham hinted at increased crypto enforcement last week. Today, we see it unfold. Government clearly remains committed to the regulation by enforcement meta. https://x.com/kkirkbos/status/1790088026825150691?s=46&t=z7ze1jQzBwG8ed1eyBo8Tg
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AnoncounselšŸŽ©
@anoncounsel
The SECā€™s pursuit of those that have shipped real products or tech has led to the rise of high-risk metas like the pre-sale craze. Itā€™s time for smarter regulation. https://x.com/malekanoms/status/1788577779153359298?s=46&t=z7ze1jQzBwG8ed1eyBo8Tg
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AnoncounselšŸŽ©
@anoncounsel
Regulation should empower, not restrict. https://x.com/ryansadams/status/1787468908947017733?s=46&t=z7ze1jQzBwG8ed1eyBo8Tg
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AnoncounselšŸŽ©
@anoncounsel
Robinhood delisted certain cryptos deemed to be securities by the SEC, yet received a Wells notice by the agency. Itā€™s evident that the SEC overlooks good faith compliance efforts when made by crypto companies. https://x.com/timccopeland/status/1787463739119170014?s=46&t=z7ze1jQzBwG8ed1eyBo8Tg
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AnoncounselšŸŽ©
@anoncounsel
Sue or be sued (or both) is the leading theme of this cycle. The silver lining is that weā€™ll continue to stack wins in the court room. Go get em @consensys šŸ”„
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AnoncounselšŸŽ©
@anoncounsel
Nice to see the DOJ (in a sentencing memo) acknowledge how DEXs rely on code & not intermediaries. Despite clear defi distinctions from tradfi, the current SEC ignores these facts and continues with its enforcement crusade.
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AnoncounselšŸŽ©
@anoncounsel
The SECā€™s purported tech neutrality stance rings hollow as US-based builders face relentless threats of enforcement. Do better, SEC. https://x.com/ammori/status/1778128325996675577?s=46&t=z7ze1jQzBwG8ed1eyBo8Tg
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AnoncounselšŸŽ©
@anoncounsel
SEC Commissioner @HesterPeirce pulls back the curtain on Chair Genslerā€™s ā€œcome in & talk to usā€ approach, exposing the agencyā€™s lack of genuine interest in industry dialogue. The message to builders is clear: donā€™t bother.
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AnoncounselšŸŽ©
@anoncounsel
Commissioners Hester Peirce and Mark Uyeda illustrate how a dialogue w/ the SEC results in the agency saying gg, anons. https://x.com/lex_node/status/1765391530427134271?s=46&t=z7ze1jQzBwG8ed1eyBo8Tg
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Itā€™s a good day when 8 U.S. attorneys general say the SEC is exceeding its delegated powers bc crypto assets ā‰  automatic securities & SECā€™s theory in Kraken serves as a power grab by the agency. Steady, lads. The tide is turning šŸ«”
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@anoncounsel
Industry is already skeptical of the SECā€™s genuineness when it encourages an open dialogue. This regulation by retaliation approach only reaffirms the skepticism. Difficult to see how the SEC can rebuild trust after this. @jchervinsky https://x.com/jchervinsky/status/1761033870139613514?s=46&t=z7ze1jQzBwG8ed1eyBo8Tg
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AnoncounselšŸŽ©
@anoncounsel
SEC likes to play aggressive offense against industry. But here the SEC is caught playing defense as industry brings the heat. Hopefully this serves as a signal that the SECā€™s relentless enforcement crusade will no longer go unchecked. https://x.com/amandatums/status/1760346084323344480?s=46&t=z7ze1jQzBwG8ed1eyBo8Tg
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@anoncounsel
To show how the SEC has provided guidance to the industry, Chair Gensler cites to the 2019 FinHub framework. However, when CB relied on this guidance, the SEC sued them & alleged CB was ā€œboost[ing] its own trading profits.ā€ šŸ¤” https://x.com/iampaulgrewal/status/1735716481541996640?s=46&t=z7ze1jQzBwG8ed1eyBo8Tg
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@anoncounsel
Donā€™t sleep on the MangoDAO prop that sought to appoint a DAO rep to handle U.S. regulatory scrutiny of the DEX. Regulators aggressively pursued DEXs in ā€˜23, so this may be a sign of whatā€™s to come in ā€˜24. https://x.com/coindesk/status/1743305214428426355?s=46&t=z7ze1jQzBwG8ed1eyBo8Tg
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AnoncounselšŸŽ©
@anoncounsel
SEC calls for more disclosures in the crypto space yet weaponizes (in the complaint) Krakenā€™s crypto asset-specific pages, which include info such as ā€œaboutā€ & ā€œhow does it work.ā€ Really hard to see how the SEC is regulating in good faith here.
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@anoncounsel
fyi iā€™m recasting certain previous tweets to generate some content for my page šŸ«”
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AnoncounselšŸŽ©
@anoncounsel
Gm frens šŸ¤
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