Michael Mosier
@m_mosier_
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law + emergent tech https://t.co/j69tKxoQaA | democracy + personal agency https://t.co/cF8NeNeTXB | public service @USTreasury; @TheJusticeDept; WhiteHouseNSC |
Joined May 2018
Our attempt to restart the convo on DeFi & reg/risk in substantive context. Recognizing DeFi as fundamentally cyber critical infrastructure underpinning financial elements + a natural alignment around accessible & resilient networks, without treating every bytecode as a bank.
1/ Today, @m_mosier_ @katjagilman & I are sharing a paper that begins a conversation around, & proposes a conceptual framework for, how to answer the "illicit finance" policy question as it relates to DeFi. A brief thread below, with links to the full paper + a summary document.
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RT @_SEAL_Org: ⚠️ If a hacker can't steal your TVL, they'll settle for all of your emails, messages, and socials instead. We've helped mult….
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RT @NewsFromGoogle: @jack Thanks for flagging this. Non-custodial wallets are not in scope of Google Play’s Cryptocurrency Exchanges and So….
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RT @xethalis: The most fundamental part of the digital asset economy is the personal empowerment and agency that comes from self-custody &….
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This is a big step forward for @fund_defi’s mission to protect developers & advocate for sound policy, & provides donors the benefits of charitable giving. Including in-kind crypto donations, as laid out in @CryptoTaxGuyETH 's excellent blog post:
defieducationfund.org
A guest post by Jason Schwartz, Tax Partner, CahillNXTTLDR. If you have long-term appreciated crypto, donating the tokens directly to charity can avoid capital gains tax and give you a fair market...
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Opportunity for self-determination is foundational to democracy. This 501(c)(3) expands DEF’s mission to advance democratization, resilience, & accessibility of the financial system. Honored to serve on the Foundation Board w/ great(er) minds & hearts @amandatums and @xethalis.
Today, we are thrilled to announce the launch of the DeFi Education Foundation — a nonprofit, 501(c)(3) organization dedicated to furthering DEF’s mission of educating lawmakers about DeFi, protecting software developers, and advocating for sound DeFi policy.
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RT @amandatums: Today, I share a mid-year letter explaining the important work that @fund_defi has done since January. I’ve been thinking a….
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RT @Andrea_Tosato: 🚨 New Publication 🚨. I am pleased to share a new essay co-authored with my brilliant friend @ChrisOdinet :. "𝑹𝒆𝒈𝒖𝒍𝒂𝒕𝒊𝒏𝒈….
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RT @RebeccaRettig1: Killer thread backing up the WH Report's finding that "the prevalence of money laundering and terrorist financing via d….
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Russia paid Iran for drones in FOUR TONS OF GOLD BARS in order to bypass the US dollar.
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what if… the regulators know there’s not much they can do about the real problem in sanctions evasion, money laundering, etc., which is the opacity and complexity of fiat-based finance – so they focus on crypto even though it’s tiny, because they can. it’s like the drunk looking
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Next time someone claims crypto is uniquely dangerous for sanctions evasion or terror financing, remember this story: in 2023, Iran-backed militias exploited Visa & Mastercard networks to move billions using prepaid cards, cross-border arbitrage, and FX gaps in Iraq. $450M+ in
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Yellen: 'We Haven't Seen Significant Evasion' of Sanctions Using Crypto
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While some people fixate on crypto hypo’s for sanctions evasion, meanwhile:.“they transfer the crude to ships bound for China, which buys 90% of Iran's oil. … According to a congressional report…, this trade generated as much as $70 billion for Iran, propping up the regime.”.
A CBS News investigation has revealed that China is still secretly buying Iranian oil and evading U.S. sanctions by using what's known as a "dark fleet" to transfer oil from ship to ship in the middle of the sea.
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RT @RebeccaRettig1: @fund_defi @m_mosier_ @USOCC @federalreserve @FDICgov 14/ Now a biggie -- "Countering Illicit Finance". Assume this wil….
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RT @RebeccaRettig1: @fund_defi 6/ Important rec (p.57) re DeFi: Congress should consider when reg treatment of DeFi hinges on "control" ove….
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RT @RebeccaRettig1: 1/ Always jealous of the lawyers/policy folks that do monster threads, so going to try to 🧵 for the President's WG Repo….
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“in every single case…the Def directly connected w/ the SDN or created a tool *for* the SDN specifically. There was no case - none - where a Def made a tool w/ no particular end user in mind & was then convicted of violating sanctions b/c an SDN ended up with that tool in hand.”.
As of Thursday, in their Rule 29 response, the DOJ is still pushing this theory that Storm, by publishing TC software, provided a "valuable service" to a sanctioned entity because DPRK used the protocol. This flawed principle is limitless: if I make a hammer with no particular
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RT @thebensams: The DPRK's methods are always evolving. The only way to defend yourself is to cooperate with other industry players to shar….
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RT @btcpolicyorg: FEATURED SESSION: @btcpolicyorg Head of Policy @zackbshapiro sat down with @coincenter Executive Director @valkenburgh an….
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