Patrick Berarducci Profile picture
Global Fintech Co-Head @ConsenSys @ConsenSysCodefi. Views are my own, subject to change, and ≠ legal advice. RT ≠ endorsement.
Aug 9, 2021 25 tweets 13 min read
1/ I’m in #Crypto because I believe it’s an incredible, uniting force for good, and our best chance to solve problems that otherwise seem to rip our society apart. This past week reinforces my belief. 2/ We're just starting to see its ability to unite across party lines. Not just to strike a “deal” (like in the infra bill generally), but uniting in belief that #Crypto is a powerful force for good.
Apr 3, 2019 12 tweets 5 min read
0/ Yes, I may write more, but I mostly agree with @MattCorva. The SEC's rules still aren't as clear as places like Singapore, UK, and France, but I'm hopeful this will still give law firms, projects, investors, and customers sufficient clarity to start doing business again. 1/ Overall, on a quick read, I didn't see any big surprises. I think the SEC continues to signal that it supports the creation and distribution of consumer utility tokens consistent with the principles we've been talking about @TheBKP_Official and @ConsenSys.
Feb 25, 2019 28 tweets 8 min read
0/ #CO is poised to join #WY in providing safe harbor from securities laws for consumptive tokens. #MT also introduced a similar bill. I want to highlight why I think this is important and what points I hope the SEC considers as it prepares additional guidance. 1/ This legislation builds on a core idea from #WY: It must be possible for entrepreneurs to develop and sell software that is inherently consumptive in nature (i.e., not a passive financial instrument and intrinsically is for use/consumption) w/o implicating securities laws.
Jan 23, 2019 25 tweets 10 min read
0/ My thoughts after a quick read of @TheFCA just-issued consultation paper “Guidance on Cryptoassets,” including a comparison to the US securities laws:

fca.org.uk/publication/co… 1/ First, I notice that@TheFCA uses “cryptoasset”, which should make @cburniske happy.
Dec 15, 2018 7 tweets 2 min read
1/ A few weeks ago, Chairman Clayton explained explained token sales with an analogy to buying tickets to a Broadway play. This was interesting because it reminded me of a NYAG report on the event ticket industry, which struck me as having some similarities to token sales. 2/ Here’s the report (ag.ny.gov/pdfs/Ticket_Sa…) and here are some highlights: