Austin Campbell
@austincampbell
Followers
20K
Following
123K
Media
381
Statuses
11K
Zero In Newsletter: https://t.co/sxrrSrTOZU Founder of @ZKZeroKnowledge Teaching @NYUStern Prev @jpmorgan, Paxos, & more Stablecoin expert (!?)
New York
Joined February 2023
If you want commentary on all of these issues and policy around crypto, blockchains, stablecoins, and me being grouchy in general, I write a newsletter:
zero-knowledge.com
9
4
53
If we cannot turn the temperature down in this country, things are going to get much worse. The problem is that the slide towards that point seems gradual, until suddenly one day it is not gradual. It is sudden, and violent. Nobody will benefit from that, especially not the
I have to say something. This family is living in the nightmare all of us who speak out against the Left’s insanity, fear. My family got swatted. We can no longer get delivery orders at our home because the Left harassed us for weeks with midnight, 2AM, 4AM pay-at-door
2
2
31
"What if the ship of Theseus was sentient" is not a question I was prepared to grapple with today.
206
4K
47K
The market is not asking this question, but it (unfortunately) needs to be asked.
The differences between the U.S. and Europe makes @austincampbell question the unthinkable 😱 Are they even on the same team? https://t.co/Gk31A9o8P7
1
0
5
"You have banks looking to re-litigate parts of Genius that already passed ..." -- @austincampbell, listing out the various groups trying to sway the crypto market structure bill to their benefit
Market Structure Stalls, Trump’s Tariffs, and Crypto’s Next IPO Wave: Bits + Bips
2
2
7
I am going to put this here as a warning to the left: The party is over. What @RachaelRad points out is correct, but the response I am seeing more and more from successful Americans who create jobs and drive your tax revenue is not that they want to work with you to fix it.
Our industry fueled the largest tax windfalls in history and instead of improving schools or creating more houses our leaders created a bureaucracy that has made it nearly impossible to build anything in this state. We failed to build even 25% of the housing needed to keep pace
5
3
69
I don’t fully understand the Banks’ argument here. There’s so many high yield savings accounts out there that offer 3% or more. Betterment, Marcus/Goldman, CIT, SoFi, AmEx, Wealthfront etc. How are these not the same pressure on <0.1% yield deposits as stablecoin yields?
THIS IS WHY THE BILL IS REALLY STUCK Mike Novogratz was pretty blunt about what’s slowing the crypto market structure bill. He says both parties want a bill. That part isn’t the problem. The real friction is BANKS -- especially around stablecoins. Right now, big banks pay
46
35
344
2/ But if you do things you know don't work, you don't get to act like a champion of affordability and middle class. You are the problem, and now that the average voter can use AI to interrogate politician claims, expect to be treated as such.
0
0
3
1/ Contrast this with Austin, TX, which despite massive increases in jobs and companies moving there has seen rents fall because they allowed the market to work and allowed a huge amount of building. Choose your path.
1
0
7
0/ Less government, not more, is the answer. NYC has rent control, paralyzing large parts of the market with low rents for rich owners with second homes passing on apartments for generations at below market rents. It also takes forever to build, and is insanely expensive.
NEW: Data out on rents in NYC Avg for market rate units, as of Dec 31 (w/ increase over past year) Manhattan: $5,499 (+5.9%) Brooklyn: $4,299 (+11.1%) NW Queens: $3,832 (+3.9%) This is a marker of the scale of our affordability crisis. Every part of City gov't will have to
1
1
12
Fintech Biz Weekly just dropped: Evolve Bank exec pleads the 5th Amendment in missing money case. Ex-head of BaaS Hank Word declined to answer questions under oath about if the bank did anything to jeopardize FDIC coverage of Yotta end users' deposits at the bank.
4
1
36
So I have been thinking about this. The absolute best counter would be very high production value, earnest ads of people in Nevada, Texas, and Florida saying "thanks for the jobs". Genuine gratitude for breaking up SF and sending all the best jobs to them.
I propose we call it the Business Termination Act
1
0
5
Follow my official X account @ChairmanSelig for the latest @CFTC news and announcements.
31
88
425
Isn't it, though? One thing we have been observing over time is that foot voting is likely more effective at creating change than ballot box voting. I might argue the most effective thing you can do with state policies you truly oppose is just leave.
@JeffBohren That’s not the desired outcome
0
0
8
I respect @garrytan for fighting the fight but when I can pitch you NYC on the basis of lower taxes, cheaper housing, and less regulations, it is time to leave CA.
The lawyers and academics who wrote the asset seizure tax and unrealized gains tax claim a lot of things, especially that they didn’t intend mass capital flight. If you read closely, that seems to be exactly the goal: destroy the tax base and make people leave
2
0
9
OpEd: 🗣️ The US has a rare opportunity as lawmakers debate crypto legislation to support a vision for a financial system that puts regular people first, argues Open Frontier executive director Erik Balsbaugh. https://t.co/GEtxGKjbNa
coinmarketcap.com
Opinion: The US Congress has an opportunity with the CLARITY Act to support the Average Joe with modern financial regulation.
98
94
221
“Japan looked at traditional markets after Mt. Gox and said, wait a minute, why are we letting people be the exchange and the custodian at the same time?” @austincampbell, Co-Founder of @ZKZeroKnowledge and Adjunct Professor at @NYUStern
7
21
88
Clear federal rules of the road. That is what innovators and creators need to succeed. I worked to achieve that while in Congress and continue to advocate for it today. I talk about that and more with @politico. https://t.co/t4srIDuwJJ
politico.com
78
16
81
Eye-opening, there will be a lot of vacant and worthless real estate in Poland, Italy, and Spain in 10 years, not in 2100. And don’t assume you’ll be able to live off your pension, unless AI and robots take over our jobs fast. Most people still don’t understand what’s coming.
418
525
3K
The only conclusion I can draw from this debacle is that if you are a business owner, founder, investor, or even just a good employee, you must 100% be getting out of CA right now. The whole proposal is designed poorly, and purposefully to destroy, in a state rife with fraud.
The proposed California wealth tax is far higher than 5%. Intentional and inadvertent drafting choices inflate taxpayers' net worth—potentially many times over. Here are six of those factors: 1. Founders with Class B or other super-voting shares may be taxed on their share of
5
2
38