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Amanda Tuminelli

@atuminelli

109 Following
308 Followers
Amanda Tuminelli pfp
Amanda Tuminelli
@atuminelli
This nuance is important👇 - we celebrate Treasury complying with the court order with respect to the Tornado website and immutable smart contracts, but Semenov (the developer!) is still designated. The work continues. https://x.com/m_mosier_/status/1903106711050756580?s=46&t=YO0b1U63huDV__W5NJ3LQw
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Amanda Tuminelli
@atuminelli
This tracks. I’m a Builder-Decentralist (-8.9, -6.3) on the Onchain Alignment Chart! Check out your position:
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Amanda Tuminelli
@atuminelli
I am excited to share that I am stepping into a new role as Executive Director @fund-defi. My friend and brilliant colleague, @millercwl, will be stepping down as CEO, but will continue to advocate for DeFi as a member of the DEF Board.
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Amanda Tuminelli
@atuminelli
A huge win for @uniswap and software devs everywhere today. The 2d Cir affirmed the dismissal of fed securities claims in Risley v. Uniswap Labs. "The threshold issue in this case is whether the developers of automated computer codes that facilitate the transfer of cryptocurrency on a decentralized exchange may be held liable under federal securities laws for the alleged fraudulent conduct of third parties on that exchange." Inject it into my veins: "In sum, we agree with the district court that it “defies logic” that a drafter of a smart contract, a computer code, could be held liable under the Exchange Act for a third party user’s misuse of the platform . . . Accepting Plaintiffs’ allegations as true, the district court appropriately determined that Defendants’ smart contracts were, at best, collateral to the third parties’ scam token activities and the type of tangential activity that falls outside of Section 29(b)."
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Amanda Tuminelli
@atuminelli
In this paper @spencerpeek explains why devs of non-custodial software Samourai Wallet do not meet the legal definition of operating an unlicensed money transmitting business under criminal statute 18 USC 1960 and how DOJ’s indictment on that charge is unsupportable. Important contribution to the effort to push back on DOJ’s misinterpretation of Section 1960 💪
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Amanda Tuminelli
@atuminelli
The most important issue currently facing the digital asset industry: the DOJ’s interpretation of Section 1960 - the criminal code provision punishing unlicensed “money transmitting businesses.” That is why I wrote this paper with @dbarabander and @jchervinsky explaining the issues inherent to Section 1960 and providing legal support for the *correct* interpretation: in order to be a “money transmitting business,” the business must have independent control over user funds. https://edit.financialcrimelitigators.org/api/assets/cd682a1c-1cb0-4c99-a491-ac6155f4bdc2.pdf
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Amanda Tuminelli
@atuminelli
It was an honor to advocate on behalf of DeFi developers and users in front of the House Financial Services Subcommittee on Digital Assets today. I was grateful to sit next to the extremely talented experts @rebecca-r, @valkenburgh and Brian Avello.
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Amanda Tuminelli
@atuminelli
Today @fund-defi and @blockchainassn filed an amicus brief in support of a challenge to the SEC’s Consolidated Audit Trail (CAT), arguing that the CAT, especially when it pertains to the digital asset sector, “unacceptably undermines privacy and personal freedom.” ICYMI, the CAT is the largest database of securities txs ever created and will include personally identifiable information on every retail brokerage customer in the U.S. Given the SEC’s position that digital asset market participants are exchanges, brokers, and/or dealers, the SEC may force them to comply with CAT reporting requirements. The result, which we warn the court about, is that the CAT could connect personally identifiable user info with wallet addresses, providing the government with more tools to track user financial activity for all time. This info would then be at the disposal of the government, creating unprecedented privacy concerns. https://www.defieducationfund.org/_files/ugd/84ba66_38222aa7b44f4e7392f0b9b22bf82039.pdf
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Amanda Tuminelli
@atuminelli
Hope you all will join and bring questions related to all things policy and law.
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Amanda Tuminelli
@atuminelli
The SEC Consolidated Audit Trail will be the largest database of tx and user info in existence. It is particularly problematic for digital asset users. @mtcoppel and I wrote an op ed about why more people in crypto should be talking about it: https://www.coindesk.com/opinion/2024/06/05/cryptos-latest-privacy-battle/
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Amanda Tuminelli
@atuminelli
The DOJ's opposition to Roman Storm's motions to dismiss and suppress evidence in the Tornado Cash case is filled with technical inaccuracies, obvious disdain for privacy and emerging technology, and misapplication of the law. A few of the egregious statements in the 111-page brief in this thread 👇
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Amanda Tuminelli
@atuminelli
"I wish we weren’t in this uncertain moment for technology that yields such unlimited promise and potential. But I felt compelled to stand up for myself, businesses like mine, our allies, and an entire industry yearning for clean and fair rules of the road. That’s why I am suing the SEC." - Nathan Hennigh
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Amanda Tuminelli
@atuminelli
While I am incredibly proud of the amount of work we have done to defend defi so far, we are just getting started. We need additional resources to keep up the fight. Please support@fund-defi
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Amanda Tuminelli
@atuminelli
Some quick thoughts on the Coinbase decision today… https://x.com/amandatums/status/1773011576552882384
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Amanda Tuminelli
@atuminelli
Today, we @fund-defi sued the SEC. It has everything to do with airdrops + stopping the SEC’s regulation by enforcement crusade against our industry.
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