Discover and read the best of Twitter Threads about #WYOMING

Most recents (24)

There are 22 GOP Senators up for re-election in 2020 #Senate2020
in
AK AR AZ CO GA IA ID KS KY LA ME MS MT NC NE OK SC SD TN TX WV WY
#FlipTheSenate #BlueWave2020

THREAD of all the Democratic Challengers for #SENATOR
(per @Politics1com & @ballotpedia)
Update Aug 2019

THREAD
Hey #ALASKA! Can you help #FlipTheSenate?
#Senate2020
At the moment there is 1 declared Democratic Challenger for Dan Sullivan's seat
Al Gross, Surgeon & Commercial Fisherman
dralgrossak.com @DrAlGrossAK
facebook.com/dralgrossak/
instagram.com/dralgrossak/

THREAD
Hey ARIZONA! Bye to @SenMcSallyAZ in 2020?
She's up in Special Election!
3 Democratic challengers for #SENATOR #ARIZONA
Mark Kelly
markkelly.com @ShuttleCDRKelly
Mohammad Arif
arif2020.com @Mohamma27433472
Juan Vasquez
@DVasquez2020

#FlipTheSenate
THREAD
Read 24 tweets
1/ The Senate Banking Comm staff reached out last week regarding @Facebook @Libra pursuant to my @ForbesCrypto article. During a conf call they indicated interest in receiving formal testimony from me. Here it is + summary follows 👇: forbes.com/sites/caitlinl… @DoWithCare
2/ Big takeaway--politicians that weaponize the US banking system (blocking access to disfavored industries/countries) are modern-day Herbert Hoovers bc these barriers block both unlawful & LAWFUL commerce, & these barriers caused the invention of #stablecoins in the first place.
3/ (OK, I didn't actually call them modern-day Herbert Hoovers the testimony, but I digress...) If Congress isn't happy about @facebook @Libra, it can immediately make #stablecoins irrelevant by letting #banks bank the #crypto industry (& I give v specific recommendations here:
Read 19 tweets
@realDonaldTrump 1/ Mr President—#Wyoming, the state that gave you the highest margin of victory in 2016 (even bigger than Reagan), welcomes law-abiding #crypto companies & created a new type of bank charter to allow them to comply w/ the law. You are just wrong on this—ur staff is misleading you
@realDonaldTrump 2/ Your staff isn’t giving you good advice (I don’t see anyone on your staff who has experience in this new asset class). The US payment system hasn’t really innovated in 50 yrs—it’s unstable & inefficient. I’ve been surprised that your administration has coddled it instead of...
@realDonaldTrump 3/ ...opening it up to healthy competition. The #crypto genie can’t be put back in the bottle & if the US fights this we will simply be bypassed by other countries that are welcoming it. Banks tried to shut down #crypto by shunning the industry & look what happened—it didn’t die.
Read 5 tweets
@DamianGawryluk You’re very warm...keep going! There are profound implications for #crypto custodians from footnote 13 of the SEC’s new guidance...I’ll be back with more later 🤠🤠🤠... @propelforward @NYcryptolawyer @josh_blockchain @AndreaTinianow @AnnetteNazareth @stephendpalley
@DamianGawryluk @propelforward @NYcryptolawyer @josh_blockchain @AndreaTinianow @AnnetteNazareth @stephendpalley 1/ OK here's what it means. The SEC's new guidance would have been a bummer for the #crypto custody industry were it not for #Wyoming's new #SPDI law, bc there's precisely one--only one--type of bank that satisfies the SEC's key rqmt w/o tripping over other regulatory landmines.
@DamianGawryluk @propelforward @NYcryptolawyer @josh_blockchain @AndreaTinianow @AnnetteNazareth @stephendpalley 2/ #Wyoming designed the #SPDI law to thread this v precise needle--to be a bank when it NEEDS to be (eg, to satisfy good control location) but not to be a bank when it doesn't want to be (eg, to avoid tripping bank holding co status). The impact? The #crypto custodians that...
Read 12 tweets
Vainly trying to persuade @Tweetisaurus & @palaeojoe to buy these for the dig... #JurassicWyoming
Yay! I persuade @Tweetisaurus to buy this! #Wyoming
Supermarkets in Wyoming are everything I’d ever hoped they’d be.
Read 3 tweets
1/ FIRST ANALYSIS of @facebook's #Libra: Facebook completely misunderstands money. 🤣😩 Facebook understands payment systems--but that's not the same as money. Two telling quotes: "Libra is backed by a reserve of real assets." "Many cryptocurrencies today (eg #Bitcoin & #Ether...
2/ ...have no underlying assets to back them." Money is a good that serves as an HONEST LEDGER--it doesn't need to have intrinsic value because it attains value by people trusting it to be an HONEST LEDGER. Money is just a bookkeeping system--not all bookkeeping systems are money
3/ ...yet @facebook throws gobbledygook at us by asserting #Libra has value because it's backed by "bank deposits & short-term govt securities." 🤣 Well, at least it appears Facebook doesn't have plans (yet) to engage in fractional-reserve banking with Libra Reserve's assets...
Read 16 tweets
1/ 6 PREDICTIONS about what @Facebook's #cryptocurrency means. Grab the popcorn bc I analyzed publicly disclosed info to make 6 predictions, of which 2 will be controversial (#2 and #6). @ForbesCrypto #Libra #bitcoin forbes.com/sites/caitlinl…
2/ First prediction: @Facebook's #stablecoin will be a positive force in developing countries. Second: @Facebook will pay #interest to users of its #cryptocurrency, which will eventually lead to populist calls to repeal subsidies at the heart of the US banking system.
3/ It's true that #stablecoin issuers generally pocket the float on the assets backing the coins, but I go out on a limb & predict there's no way @Facebook will be able to pocket these big profits w/o sharing them with users. To be clear I haven't seen @Facebook disclose this.
Read 11 tweets
Huge #cleanenergy news to kick off week!

@GuzmanEnergy offering to buy three of @TriStateGT's #coal-fired power plants (and a coal mine), shut them down, replace them with #renewables.

Tri-State would be crazy to pass up this deal,

energynews.us/2019/05/28/wes…
Deal would shutter @TriStateGT's Craig power plant in NW #Colorado, also Escalante plant in #NewMexico.

@GuzmanEnergy would replace costly #coal w/more affordable #cleanenergy, saving Tri-State's rural electric co-op members higher rates, promoting local economic development.
According to @GuzmanEnergy release, proposal would also provide, "substantial financial assistance to communities negatively impacted by the early retirement of coal plants, to be driven by engagement directly with those
communities and other local partners."

#JustTransition
Read 9 tweets
@nic__carter 1/ TOUR-DE-FORCE, *MUST READ* from @nic_carter. Well-researched & well-reasoned. I don't agree w/ all of it, but it's a timely call to arms to #bitcoin intermediaries to PROVE YOUR SOLVENCY cryptograhpically. Thanks for naming names, Nic. I wasn't aware that one exchange has...
@nic__carter @nic_carter 2/ ...routinely issued #ProofofSolvency reports (Coinfloor). Your point is well-taken that Coinfloor puts its better-capitalized competitors to shame--bc when an intermediary holds 100% reserves, that means it is SOLVENT & it doesn't really matter how well-capitalized it is. I'd
@nic__carter @nic_carter 3/ ...rather trade via a small but provably solvent counterparty than a big but insolvent one any day. @nic__carter's chart is worth studying in detail & it shows what everyone should realize--that we're in a debtor/creditor relationship with #crypto exchanges when they take...
Read 16 tweets
@jchervinsky @josh_blockchain @gulovsen @ForbesCrypto @DelRayMan @AndreaTinianow @GitlitzMichelle @JTelpner @msantoriESQ @ronqman @jaybaris @KMSmithDC @BlockchainAssn Thanks Jake. Who’s responsible for adding federal preemption to the new #tokentaxonomyact? That provision wasn’t included in the version of the bill introduced in December. I wonder what changed between then and now
@jchervinsky @josh_blockchain @gulovsen @ForbesCrypto @DelRayMan @AndreaTinianow @GitlitzMichelle @JTelpner @msantoriESQ @ronqman @jaybaris @KMSmithDC @BlockchainAssn 1/ What’s controversial abt federal preemption here isn’t merely that state securities regulators will object (they will, as Greg Strong points out in @josh_blockchain’s post), but something much more fundamental: do the feds control property law, or just a subset (securities)?
@jchervinsky @josh_blockchain @gulovsen @ForbesCrypto @DelRayMan @AndreaTinianow @GitlitzMichelle @JTelpner @msantoriESQ @ronqman @jaybaris @KMSmithDC @BlockchainAssn 2/ If #digitaltokens aren’t securities, then what are they? The #tokentaxonomyact doesn’t answer bc it can’t. We ran into the same issue in #Wyoming—originally exempting tokens from state securities laws in last year’s HB70, but not defining what they were. So, #Wyoming fixed
Read 7 tweets
#22GOP Senators are up for re-election in #Elections2020
You see how great it is to have Flipped the House Blue, yes?
So, let's get started to #FlipTheSenate with #BlueWave2020
#2020Elections

THREAD of all 22 with (POTENTIAL) Democratic Challengers (so far)
per @Politics1com
@SenMcSallyAZ up for re-election!
Democrat challengers for #SENATOR for #ARIZONA (per @Politics1com):
Chris Deschene @chris_deschene
Mark Kelly markkelly.com @ShuttleCDRKelly
Greg Stanton @gregstantonaz
Juan Vasquez, Physician
#Elections2020 #FlipTheSenate

THREAD
Democrat challengers for #SENATOR for #ARKANSAS
There are 2 potential Democrat challengers for SENATOR for ARKANSAS (per @Politics1com )
Wesley Clark, Retired Army General, Ex-NATO Commander @GeneralClark
Joyce Elliott, State Senator, Ex-State Rep, Retired Teacher @xjelliott
Read 21 tweets
1/ SEISMIC NEWS for US #blockchain law watchers--the Uniform Law Commission today asked states to refrain from enacting its model acts for virtual currencies + any competing legislation while new study commission reviews emerging tech... @ForbesCrypto forbes.com/sites/caitlinl…
2/ ...The announcement was at the end of 3-page response to @ForbesCrypto contributor @AndreaTinianow's response to the ULC's request that she correct errors in her piece, which she maintained were not errors: forbes.com/sites/andreati…
3/ ...and came after testimony in a Nevada Senate hearing that was heavily opposed to enacting the ULC Model Acts & recent podcasts exploring the issues on @LetsTalkBitcoin & @TheCryptoShow. A committee hearing in California on the Model Acts was teed up as early as this week...
Read 10 tweets
1/ Thanks for a fun discussion w/ @WallStreetBTC, @ronqman--many great ?s abt what #Wyoming's #blockchain laws mean. 3 big things for attys to dig into: (1) law of possessory security interests--lots of precedent--means #WY law may apply to #crypto lending/prime brokerage tx even
2/ if you structured it not to, (2) direct ownership + bailment = v investor-friendly #custody regime--doesn't exist in #securities custody today. Many ppl who want custodians to be just service providers, not counterparties, will love having this option (esp HNW & fiduciary
3/ investors, such as mutual & pension funds, etc) & (3) #Wyoming's long history of favorable tax & privacy laws (+culture of defending these)=powerful combination. I forgot to mention WY has 25 Opportunity Zones: wyomingbusiness.org/news/wyoming-n…. We'll host event in WY in May-deets soon!
Read 4 tweets
1/ HEY CRYPTO LAWYERS--@AndreaTinianow analyzes #Wyoming's commercial law for #blockchain assets & wrote a definitive guide to it for blockchain lawyers. She also compares it to @uniformlaws proposed Supplemental Act & favors WY's approach. @ForbesCrypto forbes.com/sites/andreati…
2/ Best quote: "As the founding director of the #Delaware Blockchain Initiative, I cannot stay silent about a law (the @uniformlaws Supplemental Act) that would extinguish the power of #blockchain technology to clean up problems in capital markets." So much here--will post more
3/ .@AndreaTinianow explains how #Wyoming confers "super-negotiability" to digital assets. She calls super-negotiability the "holy-grail" of commercial law (called the #UCC). I'd worked w/ Andrea before but hadn't realized she's a UCC expert from her prior work in #Delaware--wish
Read 13 tweets
1/ ANYONE CURIOUS how US laws enable the #securities industry to create phantom securities, eg Dole Food case (36.7m shares outstanding but brokerage statements showed 49.2m valid owners)? The Uniform Commercial Code’s Article 8 indirect ownership regime, enacted in 1994 in all..
2/ ...50 states, enabled this. And now the Uniform Law Commission wants to apply this to #bitcoin & #virtualcurrencies—UGH!!! It’s a recipe for insolvent financial institutions & consumers losing money! The pics in this thread speak volumes abt the loopholes in UCC Art 8 that...
3/ ...enable creation of phantom securities. This is just WRONG! It changed what used to be a clear, direct property right for securities into an “attenuated property right which looks much more like a contract right against the [leveraged securities] intermediary.” This comes...
Read 8 tweets
1/ IMPORTANT-I'd stayed quiet abt this until now. The below letter was just publicly released by the #Wyoming #Blockchain Task Force. It responds to 2 letters the Uniform Law Commission sent to WY “strongly urging” it to withdraw its v impt... #blockchain wyoleg.gov/InterimCommitt…
2/ bill, SF125, which is now law. I’m bringing attention to WY's response bc it addresses a debate that should be in the open, plus it should make clear #Wyoming is seriously willing to go to bat to attract #blockchain tech to the state AND defend a strong & basic principle—that
3/ laws should recognize property rights for INDIVIDUALS who own financial assets. We shouldn’t have to own them thru an intermediary in order to gain the best legal protections. The Task Force letter responded to letters dated Jan 29 & Feb 6 sent by the Uniform Law Commission to
Read 24 tweets
#NFLCombine key measurements thread…

102. #Duke TE Daniel Helm
Height: 6-4 1/8
Weight: 249
Hand: 9 4/8
Arm: 33 3/8
Wingspan: 79 5/8
#NFLCombine key measurements thread…

103. #Iowa TE TJ Hockenson
Height: 6-4 6/8
Weight: 251
Hand: 9 4/8
Arm: 32 2/8
Wingspan: 77 7/8
#NFLCombine key measurements thread…

104. #Mississippi TE Dawson Knox
Height: 6-4 3/8
Weight: 254
Hand: 9 6/8
Arm: 33 4/8
Wingspan: 80 4/8
Read 130 tweets
#Wyoming Digital Assets act includes definitions of digital asset, digital consumer asset, digital security, #virtualcurrency, classification of assets under UCC, covers perfection against those assets, custody by banks, & jurisdiction by courts wyoleg.gov/Legislation/20… 1/x
WHY THIS IS IMPORTANT: there is no uniform treatment of the various types of #cryptoassets. The IRS views them as property. Some cases & regulators- Shavers, Faiella FINCEN- view them as money equivalents. Some states do not view them as money equivalents- WY, SD, PA. 2/x
Some #cryptoassets are viewed by the CFTC as commodities, or by the SEC as securities. Courts have been inconsistent in their views of these assets. Uniform Acts seeking to bring clarity have not been passed in any jurisdiction. This is confusing for everyone including lawyers3/x
Read 10 tweets
1) BOOOOOOOOOOOOM! 3 more #blockchain bills cleared the #Wyoming legislature today & head to @GordonGovernor's desk for signature! The special-purpose depository institution, tokenized corporate stock certificates & Secretary of State blockchain integration bills all passed today
2) The special-purpose depository institution (SPDI) is esp impt. It helps solve the #blockchain sector's prob of difficulty accessing basic US$-only #bank accounts, which v few banks offer to start-ups. Many horror stories of start-ups shutting down bc banks closed their accts
3) US businesses that lose their bank accts go out of biz (for ex. IRS requires withholding taxes to be paid electronically via a bank acct). It’s critical to success of #blockchain sector that more than just a few banks serve industry (for basic checking/payroll/cash mgmt accts)
Read 12 tweets
1/ BOOM! #Wyoming just recognized clear, direct property rights for #digitalassets by passing SF125! This means #blockchain cos will prob want to apply WY law to your contracts, domicile here, &/or have a physical presence here. Thx again to the army of ppl who helped over months
2/ As @TraceMayer says, v impt for broad adoption of #crypto that it be “backwards-compatible w/ law.” SF125 enables that. Bill was amended w/ improvements & latest is here: wyoleg.gov/Legislation/20…. Goes to @GordonGovernor for signature & could officially become law next week
3/ I'll publish analysis after it officially becomes law, but here's the key: #Wyoming law recognizes property rights in the DIRECT ownership of #digitalassets. Property law in US is determined by states, not the feds. WY not only did it first but did it right!! This applies to
Read 11 tweets
0/ Can you believe we're already 10% through the year!? When you consider all that's transpired in the #crypto/#blockchain so far in 2019, that fact becomes less surprising.

Below, a 17-part thread based on what went down over the past day or so. Helping you stay informed!
1/ 🤝 @AirSwap's [ $AST ] @Crypto_Bobby announced the team's newfound "ability to support fiat on-ramp directly on AirSwap through [their] integration with" @SendWyre.

Fiat<-->#Crypto within users' self-custodied wallet, all whilst using #AirSwap's trading interface!
2/ 🐟 @Ethereum Foundation grantee @LeapDAO - a decentralized adaptive organization delivering layer-two Ethereum scalability as a global public utility - revealed its first public deployment of a Plasma Network! leapdao.org/blog/Plasma-Te…
Read 18 tweets
1/ TWEETSTORM about #Wyoming’s BIG REVEAL. This is long & info-packed, so buckle in. My native state is about to do bigger things for #blockchain, & the sector is about to pay Wyoming back big-time. Win-win! @Tyler_Lindholm @SenatorDriskill @TraceMayer @ForbesCrypto
3/ New bill 2 parts. 1-Digital asset custody via #SEC #CustodyRule wld create first true #QualifiedCustodian for digital assets (for investors who by law can’t self-custody). 2-Defines property rights for digital assets—doing something HUGELY IMPT for #bitcoin/virtual currencies
Read 40 tweets
06/01/2019 - 78 years ago today, the longest-serving #UnitedStates #President, #Franklin D. #Roosevelt (#FDR) addressed the 77th #Congress with his "#Four #Freedoms" speech with the intent to shift #US #foreign #policy from that of #neutrality to #interventionist.
#FDR promoted the idea that the people of the world, in all nations, shared entitlement to four freedoms: that of the freedom of speech and expression, the freedom of worship, the freedom from want and the freedom from fear.
#FDR is arguably one of the most 'successful' #US Presidents. Some would argue that on the basis of his numerous social policies such as 'the New Deal'. Others, however, would argue that his role during the second world war was more prevalent to his success & everlasting legacy.
Read 39 tweets

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