The election is a week away, BTC just broke $71k and SEC Chair Gensler will soon be cleaning out his office.

It’s time for the SEC to institute a hard fork in its approach to regulating crypto and welcome the builders back to America.

Here's my take on how to get started. /1

https://twitter.com/CoinDesk/status/1851003503797280962

Remove barriers for issuers by:

(1) clarifying that tokens sold in a securities transaction that don't independently qualify as a security aren't subject to registration;

(2) tailoring the securities registration forms for tokens with security-like features; ... /2

Don’t sleep on the SEC’s action against Do Kwon and TFL. The complaint includes a ton of novel legal theories that can be applied to stablecoins, wrapped tokens, liquidity pool tokens and other crypto assets. Steady lads… /1 The SEC isn’t just classifying crypto assets as investment contracts or notes anymore. The SEC alleges wrapped tokens to be securities because they are a “receipt for a security” and a stablecoin to be a security because it is a “right to subscribe or purchase a security.” /2