Short thread on the most important aspect of the FIT 21 bill - the five prong decentralization test to determine whether or not an asset is a digital commodity. Expect all protocols with goals of decentralizing to be paying very close attention to this test. Bill text below 👇

RT @sassal0x: I feel the same way now as I did in 2020 during DeFi summer. Except this time it's the ETH treasury companies and Wall Stree….

RT @NeriteOrg: Keep your ETH exposure by depositing ETH, wstETH, rETH, weETH, or rsETH. Borrow USND at a low fixed interest rate that you….

RT @69WillSmith: Looking at our internal data, the average auction bid for angstrom swaps is ~65-75% of profits after gas. As the auction b….

RT @Charles_BTCS: Was great to sit down with Waq and talk about @NasdaqBTCS and some history. Going off on a few tangents was really fun, n….

RT @punk9059: Hot damn, 13 punk sales in the past 3 hours. Punks bot on an absolute heater. Floor now 55 ETH.

RT @rolfyone: Light weekend viewing :) Thanks!.

RT @adamshurwitz: Maryland is now the home of crabs, baseball, and institutional Ethereum staking thanks to @NasdaqBTCS! 🦀⚾️🤵🏻‍♂️🔷.

"Until yesterday if someone said 'would you buy an LST?'. anything at scale? Absolutely not. Now, we've got a lot more optionality, I think it's super exciting. For the whole @Rocket_Pool community it's a massive win. now it's like you guys are off the hook". -CEO of BTCS.

gz!

The reviews are already rolling in

Most important interview of the year for @Rocket_Pool . Gigabullish.

RT @VivekVentures: Near term, BTC probably hits $150k. ETHBTC 0.055 = $8,250 ($1T market cap). Medium term, BTC probably sees $250k. As new….

RT @waqwaqattack: In episode 25 of Launch Pad, I talk to Charles Allen, @Charles_BTCS, CEO of BTCS - an Ether treasury company. Charles tal….

It's live!!. @waqwaqattack x @Charles_BTCS . @Rocket_Pool meets @NasdaqBTCS . DeFi - TradFi . So much alpha in this one - ETH treasury companies with onchain operations are going to outstrip all other treasury vehicles and BTCS are OGs in the space.

RT @mteamisloading: @bsturisky "markets are rational" is the biggest lie I've ever heard. markets are not based on fundamentals and are fre….

RT @binji_x: initiating operation get justin on cnbc . who can help?.

If you think the top is in just understand that ETH/BTC is still below the level it was when Eric tweeted this out. Think about how much has materially changed then. Then buy more rETH.

Already ATH for the most decentralized LST on the market - rETH.

I was basically predicting @fundstrat here. No one on wallstreet understood ETH in 2024. Lies were taken as fact. Tom Lee comes in setting the record straight and suddenly the flows are coming in faster than for BTC, not even factoring MCAP differential + ATH ETH soon.

Told you :)