The SEC's newly-manufactured 'ecosystem theory' is their attempt at sidestepping a faithful application of the Howey test. It should not be binding precedent.

Odd that we don't see it popping up in cases having nothing to do with digital assets 🤔

BA's brief explains why the…

The DOJ's opposition to Roman Storm's motions to dismiss and suppress evidence in the Tornado Cash case is filled with technical inaccuracies, obvious disdain for privacy and emerging technology, and misapplication of the law.

The TLDR of the opposition is: look at our really…

Narrator: they did.

Today, Consensys filed a lawsuit against the Securities and Exchange Commission.

The goal behind this is to ensure that Ethereum remains a vibrant and indispensable blockchain platform and to preserve access for the countless developers, market participants, and institutions…

🚨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.…

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…

What a bizarre way for a regulator to measure success

Three separate gov entities - SEC, CFTC, DOJ - looked at the same digital asset and the same fact pattern and came to vastly different—and mutually exclusive—conclusions. But that didn't stop them from filing three actions with different theories against the same man.

The law…

'I wish we weren’t in this uncertain moment for technology that yields such unlimited promise and potential. But I felt compelled to stand up for myself, businesses like mine, our allies, and an entire industry yearning for clean and fair rules of the road. That’s why I am suing…

Can projects airdrop free tokens to US-based users without exposing themselves to the SEC’s wrath?

Not sure.

It’s one reason Amanda Tuminelli and DeFi Education Fund brought a pre-enforcement lawsuit against the SEC. Spoke to Amanda and Jake Chervinsky about this.

podcasts.apple.com/ca/podcast/law…