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Michael Cameron

@iserlone

1338 Following
764 Followers
Michael Cameron pfp
Michael Cameron
@iserlone
To achieve long-term goals, you need to a long-term plan. Excited for the increased certainty this long-term emission curve will provide!🚀
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Michael Cameron pfp
Michael Cameron
@iserlone
How voting works in the House: Voting machines are placed throughout the chamber. Members slot in an ID card then vote. Accidental votes are fairly common and not usually bc of bad staffing. There are lots of procedural votes (I.e. motion to table) that need to be defeated to vote in favor on the underlying. Votes tend to happen in rapid succession (5 votes in 10 minutes) so Members can easily get lost on where they are at in the series. On top of the mechanics, members aren’t just sitting around between votes waiting for the next one - they have little quests. Votes are the only time you know that everyone will be there. It’s a great time to walk across the aisle and say “hey your staff have been ignoring my staff’s calls. I really want to work with you on bill XYZ.” This goes both ways though, so members are both approaching and being approached the whole time. Lotta yappin on the floor. On SAB121 Ferguson likely was on a side quest , got lost on what the vote was, and made a mistake.
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Michael Cameron
@iserlone
when you're in an industry reliant on govt, you have to spend on both sides bc you never know who will be in power. Further, businesses want to think in decades not election cycles.
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Michael Cameron
@iserlone
"why are some industries partisan and others arent" IMO it comes down to reg. capture as a % of revenue. For example, telecos depend on gov't (spectrum, FCC approvals), Wall Street relies on banking laws and regs, etc. Tech/NRA can skew partisan bc they are in protected/permissionless (2nd amdt/sec 230) industries
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Michael Cameron
@iserlone
Solana Summer Happy Hour tonight at Solace Outpost in Navy Yard: https://app.getriver.io/events/solana-summer-kickoff-m6
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Michael Cameron
@iserlone
The Digital Securities Initiative, a research org focused on bringing regulated securities on-chain, is hiring a crypto-native problem solver. If you’re interested in RWAs and DeFi, my DM’s are open for anyone interested! Full job description below: https://www.digitalsecuritiesinitiative.xyz/contribute
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Michael Cameron
@iserlone
The Digital Securities Initiative, a research org focused on bringing securities on-chain, is hiring two full-time roles! 1 – Senior Securities Counsel: Lead legal researcher 2 – Inventor: Crypto-native problem solver More info on the roles below: https://www.digitalsecuritiesinitiative.xyz/contribute
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Michael Cameron
@iserlone
gm lawcasters - We're hiring a senior securities counsel to conduct legal research on tokenization and RWA securities. If you, or someone you know, would be interested, LMK! Job description below: https://www.digitalsecuritiesinitiative.xyz/contribute
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Michael Cameron
@iserlone
I just wrapped up my last day as a Congressional Staffer. It's been an incredible 6 years. I'm excited to join the @reserve ecosystem as Chief of Staff. As Chair Rodgers always says, the best is yet to come!
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Michael Cameron pfp
Michael Cameron
@iserlone
Restaurants around the Capitol are not the best (tourist traps) so keep that in mind when you’re planning your day. The Portrait gallery is an underrated museum I recommend. Especially going to see the official portraits of the Presidents. The Smithsonian’s on the mall are great, but can be mobbed by kids/families
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Michael Cameron pfp
Michael Cameron
@iserlone
Can some of you help me do napkin math to estimate the cost of getting sued by the SEC: - Lawyer Hourly Rate: 1250 - hours per case: 5000 Total Legal: $6.25 million. If lose, average settlement: ?? Plz comment what the actual numbers here should be 🙏
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Michael Cameron
@iserlone
@nic @mattwalshinbos we have the opportunity to get a man on the inside
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Michael Cameron
@iserlone
New desk decor #wif
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jenny🎩
@jenny0.eth
Today's free nft mint on base... FCFS😁 Enjoy guys😍 LFG🔥 $DEGEN https://farcaster.manifold.xyz/frame/49846512
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Michael Cameron pfp
Michael Cameron
@iserlone
IDK if its possible to "rationally" design legislation. For example, there's a bill that gets 220+ cosponsors in the House every Congress, but its opposed by McConnell in the Senate, so it never goes anywhere despite what seems like broad support.
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Michael Cameron
@iserlone
Congress.gov has an API for the data: https://gpo.congress.gov/
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Michael Cameron
@iserlone
Few more: - 48/24,789 bills (0.19%) of bills have got as far as Emmer's bill. - 27% of the House (120/435) have cosponsored the bill - 54% of Republicans in the House of Reps have cosponsored the bill (120/219)
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Michael Cameron
@iserlone
Based on data from the 117th Congress (2021-22): - 247 bills got 120 cosponsors (0.9% of total) - 48 bills had 120+ cosponsors and passed committee (like Emmer's bill) - of those 48 bills, 33 passed the House and 9 became law. If last Congress is representative, Emmer's bill has a roughly 20% chance of becoming law.
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Michael Cameron
@iserlone
Agreed it will be something like this. Grayscale filed for approval Oct 2021, was rejected by and sued the SEC in June 2022, won the case August 2023, and ETF was approved January 2024. Following that timeline it would be 1-1.5 years from the rejection of an Eth ETF, firmly in 2025 territory.
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Michael Cameron
@iserlone
Agreed, but even then, how many months or years will the lawsuit take?
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