Global Head of Policy @Ledger. Fighting for a freer future
Jun 10, 2023 • 24 tweets • 12 min read
There’s never a slow news week in #crypto, but this week was truly extra:
-The SEC sued @binance and @coinbase,
-10 states piled on Coinbase the same day,
-the SEC won a TRO freezing @BinanceUS assets, and
-2 senators told the DOJ to investigate Binance for perjury.
The SEC charged Coinbase with operating as an unregistered securities exchange, broker, and clearing agency. They further alleged that Coinbase Prime (an institutional trading platform) and @CoinbaseWallet (a self-custody app) are also unregistered brokers bc they “route orders.”
Aug 10, 2022 • 20 tweets • 8 min read
1/ This week, the US Treasury Dept did something it’s never done before: it sanctioned a piece of code. Weird, right? Actually, it makes perfect sense. Let’s peel that onion!🧅🧵👇
2/ Specifically, Treasury added the 🌪️Tornado Cash URL and smart contract addresses to the Specially Designated Nationals And Blocked Persons List (SDN). TC is a crypto mixer that allows people to maintain their privacy online.
Jul 1, 2022 • 11 tweets • 7 min read
1/ Today, the EU finalized #MiCA, a sweeping #crypto regulation that will profoundly impact Europe’s future competitiveness and the viability of its #Web3 industry. This was Europe’s chance to regain market share lost in Web2, but did the EU seize the opportunity?
🧵A thread…
2/ TLDR, no. MiCA doubles down on the failed notion of “leading in regulation” rather than prioritizing innovation. But, it could have been worse.
