Crypto is giving so much main character energy in DC right now …

🔥🔥

This is historic.

President Biden, do the right thing, and sign this bipartisan resolution into law.

1/ When Gary Gensler joined Massachusetts Institute of Technology (MIT) as a senior advisor to Joi Ito, he stopped a few times by my office. Since I was possibly the only professor at MIT deeply interested in crypto back then, I thought he had a genuine interest in learning about the tech & how it could improve finance.

We are so ₿ack.

SAB 121 CRA —first standalone crypto bill ever to pass both chambers of Congress—SAILS through the Senate 60-38.

Dems voting for CRA/against WH & SEC:
**Schumer**
Gillibrand
Hickenlooper
Peters
Tester
Sinema
Rosen
Kelly
Casey
Booker
Lujan
Wyden

(Biden still expected to veto)

The Senate passing a CRA overturning SAB 121 is a win for financial innovation and a clear rebuke of the way the Biden admin and Gary Gensler have persecuted crypto.

It also marks the 1st time Congress has passed standalone crypto legislation.

We are just getting started.

The Senate just voted 60(!)-38 to overturn SAB121, which the House voted to overturn last week.

This is the most significant moment for crypto in Congress to date, and it is a strong bipartisan rebuke of the SEC’s unlawful approach to crypto.

Thank you Senator Cynthia Lummis and

1/ Bipartisanship is rare in today’s American politics.

Today, we encourage the Senate to vote to #RepealSAB121 – a harmful accounting bulletin that was illegally published as “guidance,” not subject to notice and comment.

Seems like the SDNY & the SEC are not on the same page:
- 'No central actor runs the Ethereum network'
- 'The Ethereum protocol is run through a decentralized network of participants across the world that operate based on a set of rules and protocols'
- 'These rules & protocols

Heading to Austin this month for @Consensus2024?

Catch Kristin Smith, with BA members Julie Stitzel, Rebecca Rettig, TuongVy Le 🗽🔭🍕🦄, and Brian Quintenz on May 28 at Real-World Asset Summit’s panel “Innovating in the Face of Regulatory Uncertainty.” #Consensus2024

As a crypto company founded in America, we’re proud to #StandWithCrypto and have made a donation to support their efforts in this pivotal year for our industry.

Here’s the note our CEO shared with everyone at MoonPay this morning:

Great letter from Senator Cynthia Lummis and Ron Wyden to DoJ regarding DoJ’s recent arguments to expand their interpretation of what constitutes a money transmission business.

TL;DR: money transmission reqs “accepting” and “transmitting” money. Providing wallet software does not qualify.

Comm. Mersinger: “If a DeFi protocol is developed for lawful purposes but is used for purposes that violate the CEA, should the developer be held liable?”

Judge Failla: “it defies logic that a drafter of computer code underlying a particular software platform could be liable

If you thought web3 gaming was just all fun and games (pun intended), my dear friend Colleen Sullivan brings so much thought & deep analysis to the way the industry is growing. Take a read at the latest report ⬇️ published by Messari! 📓👀

👉🏽 The first round of Consensus Crypto Policy Bootcamp invitations are OUT.

But it’s not too late to join Polygon Labs, Solana Foundation, Wormhole Foundation, and DeFi Education Fund for one of two sessions during #Consensus2024.

⚡️⚡️ congrats!!

Are you a Solana builder and heading to Austin next month for @Consensus2024?

You are invited to a Crypto Policy Bootcamp by Solana Foundation, @0xpolygon Labs, Wormhole Foundation, and DeFi Education Fund on May 29th!

- Connect with policy experts and crypto industry leaders
- Get the

🚨Mark your calendars 🚨

On May 8th at 12pm EST, DEF will be hosting our first ever “State of the Union” 🫡

DEF exists to explain DeFi to policymakers, regulators, and other decision makers and advocate for policies that are welcoming of decentralized financial infrastructure.

KYC: “20th-century solution to a 21st-century economy.” fintechbrainfood.com/p/synapse-is-b… Should be thinking in cyber/PenTest terms.
Per 'DeFi as Critical Infra,' shoving tech infra into KYC frameworks is like requiring sport-event pat-downs against cyber threats. ssrn.com/abstract=46073…

Fight me