Ooojin 🇺🇦
@Ooojin482
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1,687
Following
3,238
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Statuses
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I write threads on web3 | Lawyer but not yours | Exit liquidity in the marketplace of ideas
Joined March 2011
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What Former SEC Chair Jay Clayton thinks about Gary Gensler’s recent actions towards the crypto industry.
Get ready, this one is a doozy. Wow. This one is going to take me a while to digest. Jay Clayton and
@dan_pantera
.
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@Jason
I agree with her. 9-5 plus 2 hours of commuting is soul sucking, and it’s weird that more people don’t voice what she does.
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@lex_node
SEC IAC did not engage with minority investors or representatives for its opinion.
@IPProfEvans
said it best in her 3/9/23 testimony to Congress: communities of color may miss another wealth building opportunity if excluded from crypto under the guise of “protection.”
Investor Advisory Committee to SEC ("independents" advising SEC on desirable policy to protect investors) recommends SEC treat essentially all tokens as securities and pursue aggressive enforcement... argues crypto harms racial minorities
infuriating take but par for the course
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“If you use Gensler’s criteria on centralization, the dollar is definitely a security.” - Rep. Warren Davidson
The movement to
#FireGaryGensler
is gaining steam, prompted by the efforts of US Congressman
@WarrenDavidson
and his proposed SEC Stabilization Act.
Everything you need to know.
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@matthew_d_green
The most basic rights can be framed as dangerous to children, which is scary
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Did Signature Bank fail because of crypto?
Here is what Superintendent Adrienne A. Harris. of New York State Department of Financial Services had to say at the 4/19 House hearing on stablecoins.
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What is decentralization? Here are 19 metrics of decentralization that make people on crypto Twitter yell at each other. A 🧵
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.
@hey_wallet
can we get a “Why Solana” thread about what would have happened if you had tried to build Hey Wallet on other L1s or L2s?
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The vote to migrate
@RenderToken
from Polygon to
@solana
is ongoing. If you have RNDR token, please vote to migrate to Solana. Vote ends in a couple of days.
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Here is a list of six books for web3 founders to learn business law. Whether you love
@Bitcoin
,
@solana
,
@ethereum
,
@cosmos
,
@NEARProtocol
,
@avalancheavax
, etc., this list is for you. 🧵
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@Duderichy
More people should do this. Our society is a bit broken if we don't see the value of this.
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My $BONK airdrop is worth $1k now. Impressive. I'm ready to use it to buy a
@solanamobile
phone.
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@rshereme
Several reports of mass gang rape of Ukrainian children by Russian soldiers came out after the invasion a year and half ago. More reports are continually being released.
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@shashj
The West tries not to anger Russia, while Russia tries everything it can to anger Ukraine.
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@crypto
Term limits and age limits can fix aversions to understanding a world that has changed since
@BradSherman
's world view formed
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@BillKristol
@GOP4Ukraine
So if the war ends quickly, is that less of a victory for the US? Does the US have incentives to prolong the war at the expense of Ukrainian lives?
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@LynAldenContact
This and the Custodia Bank denial by the Fed should be a mainstream news story
@business
@WSJ
@FoxNews
Custodia Bank is really interesting: all they want to do is offer non-fractional banking to customers to give them the option of ~zero risk banking.
Yet for some reason the regulators refuse to allow this. Why?
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@morganhousel
How 70-80 year olds are generally regarded as unemployable due to mental decline / skill mismatch - yet they're exclusively running the country
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@visegrad24
@Defence24pl
It's ridiculous that Russia is allowed to launch missiles into Ukraine from its Black Sea ships, and Ukraine is supposed to just accept this
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@votetimscott
What do you think of putting universities on the hook for student debt and prisons on the hook for recidivism?
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@gracechurch64
@YeccRyan
@SamRamani2
Difficult to control flow of such generic parts around the world
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Did SEC’s license for Prometheum create a registration path for crypto exchanges?
Testimony from today’s hearing.
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@morganhousel
How 70-80 year olds are generally regarded as unemployable due to mental decline / skill mismatch - yet they're exclusively running the country
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@Athan_K
It’s difficult for teens to get jobs now because minimum wage has been raised to price out value of teen labor. According to some, if full time work can’t support an adult above a certain level, then that job should not exist, even if the job is meant for teens.
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@KyivIndependent
The West and Ukraine should engineer a giant power outage in all of Moscow, lasting for weeks.
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@Cryptoverse520
@SamRamani2
It’s ok, ppl will leave Crimea after a successful invasion, Ukrainians will move in, and suddenly most ppl will be in favor. It’s what happens when Russia successfully invades a territory too, but in reverse.
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#Russian
Oligarch Who Died Since 2022
1. Leonid Shulman: Gazprom Manager
2. Sergey Protosenya: Gazprom manager
3. Vladislav Avaev: Gazprombank vice-president
4. Vasily Melnikov: Cro-medical firm MedStom
5. Mikhail Watford: Gas&Oil industry
6. Alexander Tyulyakov: Gazprom Manager
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@ChrisO_wiki
It's what happens when philosophy is that government owns its citizens instead of citizens own the government.
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@AndyKimNJ
@conorsen
What are the chances of getting a Republican to replace Menendez? Blue states need some red discipline these days.
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@EleanorTerrett
@GaryGensler
@Ripple
No matter what the smarts say about the decision, the end result is that it protected XRP retail investors. That’s the outcome that matters.
SEC only cares about retail investors in name, but not in actuality.
Takes like these from
@matt_levine
miss that allowing the SEC to “protect” retail crypto investors actually harms them. Retail investors need protection from the SEC. Judge Torres might have noticed this, and ruled in their best interests, which is the ultimate underlying policy.
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@paulkrugman
Explanation is much simpler. Regular people think of inflation as absolute price level, while economist think of it as rate of change of price level.
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Fed's Waller is warming up to crypto.
Speech by Governor Waller on financial innovation:
Watch live:
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As crypto bills in Congress might be getting close to creating clarity on the SEC/CFTC question, the Biden admin starts another war with IRS and Treasury regs. Biden must be removed.
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Productivity loss: I talked to someone who works at a tech company with a $100B+ market cap yesterday. He told me that two engineers were fired for pasting propriety code into chatGPT to debug the code. And that chatGPT is blocked in the entire company.
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@sumlenny
@Bundeskanzler
Hate crimes should be punished as felonies with multiple year imprisonment. Russians should not be allowed to travel to Europe.
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@SGJohnsson
This exchange summed up the issue
Did SEC’s license for Prometheum create a registration path for crypto exchanges?
Testimony from today’s hearing.
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@Mylovanov
Does anyone have a link to the NYT article? Google isn't being helpful for some reason.
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@Claudia_Sahm
What John Stewart says. Why do we have to target wages and employment instead of corporate profits?
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@spectatorindex
Good to have a true head to head competitor. Hopefully will bring out the best in each other.
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@ZombyWoof2022
The odds that aliens resemble humans is very low, and any depiction of aliens that resemble humans means the depiction is a human fantasy
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#Russian
Oligarch Who Died Since 2022
1. Leonid Shulman: Gazprom Manager
2. Sergey Protosenya: Gazprom manager
3. Vladislav Avaev: Gazprombank vice-president
4. Vasily Melnikov: Cro-medical firm MedStom
5. Mikhail Watford: Gas&Oil industry
6. Alexander Tyulyakov: Gazprom Manager
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@kamilkazani
Always dehumanize that which you want dead. It’s why we dehumanize animals, except our pets, which we humanize.
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@twobitidiot
Might be a simpleton take, but if the government is by the people, for the people, then the gov is subordinate to the ppl. And that means gov should not be allowed to keep secrets from the ppl, but the ppl should be allowed to keep secrets from the gov.
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@EleanorTerrett
@Grayscale
@SECGov
@Filecoin
Filecoin is a utility token.
@RepFrenchHill
please pass legislation. Thank you.
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@TripleNetInvest
$39M is what a six bedroom beach house was sold for the other day in Southern California.
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@Politics_Polls
@CaitlinLong_
@FiscalAlliance
I don’t live in MA, but I would donate so much to Charlie Baker.
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@Public_Citizen
Those communities don’t agree with you
@lex_node
SEC IAC did not engage with minority investors or representatives for its opinion.
@IPProfEvans
said it best in her 3/9/23 testimony to Congress: communities of color may miss another wealth building opportunity if excluded from crypto under the guise of “protection.”
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@iampaulgrewal
@coinbase
@SECGov
Wow, Coinbase has Wachtell + Sullivan & Cromwell as co-counsel submitting this brief. That's a power combo.
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@SolBulletin
@solana
@0xPolygon
This has been true for a while. The news here is that Binance said it out loud.
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@mcuban
@matt_levine
One important point is that the SEC no longer protects crypto investors and the Judge might have seen that
Takes like these from
@matt_levine
miss that allowing the SEC to “protect” retail crypto investors actually harms them. Retail investors need protection from the SEC. Judge Torres might have noticed this, and ruled in their best interests, which is the ultimate underlying policy.
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I wonder what kind of productivity losses companies are willing to accept in order to protect proprietary code. Is open source the future?
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@GoingParabolic
@SenWarren
Some fentanyl dealers use words to communicate with their victims. We should ban language.
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@unusual_whales
Rent is usually about 5% of the value of the property, so this is just a tracing of the real estate asset bubble. Housing should not be a store of value. It should be a place to live.
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@0xMert_
@brian_armstrong
Mert, Viktor has expressed support for Solana in the past and could be worth getting in touch with.
Friends, I'm happy to say that I'm leading up this effort. DM me if you'd like to grab some time to chat Lightning support at
@Coinbase
.
Particularly keen to get insights on lift to add support, UX flows, open source tooling, service providers, and edge cases. Thanks!
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Nothing would hamper the Russian war efforts more than the disconnection of German machines and software on the military plants. Is it possible? It's difficult to prove. What is easy to prove is that Russian industrialists feared such a backstabbing. Fortunately, they were wrong
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@WallStreetSilv
Housing should not be a store of value that outperforms inflation (and almost every other asset out there). Housing should be a place to live. When housing rises by more than inflation, current generation is stealing from the next.
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@general_ben
They justify it by saying that a prolonged war is better for American interests than a short war.
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