SAB 121 and how Gary Gensler, the lead henchman of Elizabeth Warren’s anti-crypto army, is turning the SEC into a merit regulator and using an obscure accounting rule to prevent major banks from touching crypto in the United States… In March 2022, the SEC published Staff Accounting Bulletin No. 121. SAB 121 applies to all entities that file financial information with the SEC under U.S. GAAP or IFRS and that have a safeguarding obligation for crypto assets.

sec.gov/oca/staff-acco…

This Prometheum storyline has got to be the strangest thing I have seen in awhile in this industry. Has anyone actually looked into this? Beyond bizarre… Last month, in the midst of the SEC bringing cases on Coinbase + Gemini, and giving the stiff arm to Robinhood and others, Prometheum gets approval for a first of its kind Special Purpose Broker-Dealer (SPBD) for digital asset securities…

Hey @KyleLDavies you seem to want to keep talking.

Just so it's in one place I will summarize my issues with you:

1. You fraudulently lied to your lenders on nature of business + financial condition. Market neutral? Come on. 2. Broke securities laws with US solicitation on Deribit SPV and Warbler Capital raises.

3. Siphoned off $ from Defiance, Warbler, Starry Night.

4. Kept raising $ from HNW/FO when you knew you were insolvent.

1. A few thoughts on the impact of rising cryptoasset prices and the overall accelerating pace of innovation in this industry on the corporate mindset around “blockchain” projects… 2. Increased media attention inevitably leads to both internal and external corporate stakeholders asking “what are we doing in blockchain?” or “what is our blockchain strategy?”…