1/ On Friday, Blockchain Association filed a brief in support of Coinbase 🛡️'s motion to certify interlocutory appeal. We explain why adopting the SEC's 'ecosystem' theory poses a question that merits the 2d Cir to weigh in on now. Not later. 🧵

tinyurl.com/5yrbmshy

Dear Congress,

I'm a crypto user in America with non-custodial crypto wallets. I'd like to keep my wallet activity private - for the same reason you want to keep your bank statements or email inbox private.

Unfortunately, the U.S. treasury keeps making the tools to do this…

🚨 Consensys sues SEC over Ethereum. Seeks:

-- Ruling Ethereum not a security

-- Injunction for SEC to leave ETH devs alone

-- Ruling MetaMask not a broker dealer

fortune.com/crypto/2024/04…

A must-read Ethereum ETP comment letter from a business school professor. A lot of what he says is correct, especially the part captured below.

sec.gov/comments/sr-ny…

H/T Matt Corva

The IRS's 'broker rule' hasn't been finalized, but it looks like Treasury is really going to take the position that 'unhosted wallet providers' are 'brokers' 🤦‍♂️🤦‍♂️

IRS released draft 1099 form for digital asset 'brokers': irs.gov/pub/irs-dft/f1…

I’ll never forget the glaring eyes I got working my first congressional hearing for Warren Davidson 🇺🇸 when this stunt happened during Sec. Yellen’s hearing. Feels so weird seeing it as the centerpiece for a bar…I love this industry

In New York today for the Brown Rudnick Blockchain Conference and later will be joining Dagnum P.I. to discuss the latest developments on crypto legislation. See y’all there!