On the current state of crypto vs. the SEC 🧵

We should do crypto policy on Farcaster and there’s no better topic to start than this.

Here's the deal:

The SEC and CFTC are in a turf war over who regulates crypto. The issue is neither of them have the legal authority to do it.

The CFTC mostly accepts reality.

Great thread, very informative about the current state of SEC vs CFTC regarding crypto.

Great thread, very informative about the current state of SEC vs CFTC regarding crypto. https://warpcast.com/jchervinsky/0x05d0acc0