Law & Policy

The Treasury Dept announced today that they won’t enforce the penalties or fines associated with Corporate Transparency Act reporting

Nerfing the CTA by removing its penalties is honestly the common sense decision here

It served no real end other than further rent extraction on small businesses in the name of expanding the already omnipresent surveillance state

A few people asked me why I think this so figured I’d share

There’s a lot of tailwinds for this trend:

- the maturing of the sector
- removal of a hyper aggro regulatory environment 
- high volatility of asset prices
-  limited supply of expertise
- an improved financing environment

general counsel @ 1kx // co-founder @ thing3 // summoner @ hydra ventures

more of this please

would love more of these plus commentary on strategic bitcoin reserve announcement today

Last night, the President established a Strategic BTC Reserve – locking up forfeited BTC as a permanent* national asset

Some key points:

- BTC recognized as “digital gold”
- Agencies must transfer seized BTC to the Treasury within 30 days
- No sales permitted

What else? 🧵

/ted | exploring the onchain frontier | surfing @ venice, ca | eating @ gjusta / gjelina

https://warpcast.com/larryflorio.eth/0xca5c9678