Kate Ball retweeted
Cattle is different than grain. NFTs are different than Stablecoins. CFTC jurisdiction over digital assets just makes sense - they are practiced in dealing with a diversity of commodities. Agriculture (crops & meat), energy, metals - as different as CBDCs & governance tokens.
Kate Ball retweeted
Replying to @mwseibel
Massive unconquered opportunity! Right solution will bridge sophisticated content (i.e., standard forms/language as a starting point) with software (thinking of a structured environment where parties can draft, customize, and negotiate).
Kate Ball retweeted
"The Agenda continues to shun issues at the core of our mission in favor of shiny objects outside our jurisdiction." A scathing but thoughtful & appropriate statement from @HesterPeirce. The emperor isn't wearing any clothes! sec.gov/news/statement/peirc…
Kate Ball retweeted
BIG NEWS: The Southern District of New York held that an NFT CAN INFRINGE on the trademark of a commercial good. See Hermes v. Rothschild, No. 22-cv-384 (S.D.N.Y. May 18, 2022), Dkt. 50.
Kate Ball retweeted
scream, my friend. believe me, my face is chapped and voice hoarse. Glad to the see voices growing in number and volume.
Kate Ball retweeted
Algo stablecoins!! Also, crypto twitter is wise.
Replying to @jchervinsky
I don't know who needs to hear this but it's generally a bad idea to put people in charge of regulating things they don't understand 1/100th as well as twitter anons
Kate Ball retweeted
By default, DAOs are partnerships: K-1s to members, & everyone (incl foreigners) may owe US taxes currently, even if no distros.
If > 100 members, possibly corporate tax instead.
Both are unadministrable.
Pricey tax lawyers concoct other structures.
We need a better way.
Kate Ball retweeted
By popular demand, our freshly updated Cryptocurrency Litigation Tracker -- SEC, CFTC, DOJ, private litigation, major pronouncements! Stay on top of it all...
morrisoncohen.com/news-page?…
Kate Ball retweeted
they should double the size of their trading/markets and corpfin teams to figure out how to regulate crypto coherently, instead of square-peg-round-hole enforcement & saying "tell us why you can't comply"
Kate Ball retweeted
I gave a quick demo of @lex_DAO's KaliDAO app to a group of devs and lawyers today; they were absolutely blown away.
Create a borderless company with full legal compliance in literally seconds.
This *is* the future of work. No question.
Kate Ball retweeted
Okay, we're doing this crypto lawyers. 🚀 Months of back end work, hundreds of hours, and beating my head against the incessant pace of reg (and rug) news this spring — it's time to share the crypto legal treatise, the cod3x. Many updates to come.
thecod3x.com/launch/
Kate Ball retweeted
The SEC could solve so many problems if it made the following simple deal with the crypto industry:
You can issue a token, on two conditions: (1) a 5-page disclosure on your team, your plan, and your tokenomics; and (2) subject your smart contracts to real security auditing.
Kate Ball retweeted
There's a lot of common sense in this. I am hopeful! Realistically there may always be an info gap btwn retail & institutional investors - look at #TradFi - but one of many advantages of #DeFi is its governance transparency.
At first glance, this seems a fairly reasonable DeFi regulatory proposal from the IMF:
-->focus on centralized exchanges/hosted wallets
-->foster emergence of SROs for relevant industry participants
cryptonews.com/news/imfs-def…
Kate Ball retweeted
Should protocols or projects protect their trademarks in crypto or let the members of their communities use them however they’d like?
Full episode: buff.ly/3KtmEvI
Kate Ball retweeted
Securities law at work in the US 🤦🏽♀️….But you non-accredited investors can go to the casino instead. That’s safer.
“New transfers made by non-accredited investors in the United States will be held in their new Custody accounts and will not earn rewards”
Important Celsius Update for our Users in the United States
medium.com/p/6df471420cc7
Kate Ball retweeted
Interesting State of #Crypto report by @Gemini - gemini.com/state-of-crypto - Love to see more women embracing crypto, & NOT surprised to see the many crypto curious. Query whether regulatory concerns or a general lack of understanding is the biggest barrier to entry rn.
Kate Ball retweeted
Replying to @CarloDAngelo @DeFiDefenseLaw
GM to on-chain legal documents xitter.cf/HoumanShadab/status/15…
In honor of #LegalWeek22, I wrote an explainer of why all legal and business documents should be stored on the path-breaking #InternetComputer blockchain. icme.io/security-benefits-of… You can get started now using @icme_app. DMs are open if you want to meet or chat further. 🙂
Kate Ball retweeted
We want the DEF's letter in response to this rule-making to be as broadly representative of the DeFi ecosystem as possible.
Here's the *draft*: docs.google.com/document/d/1…
Review it!
Comment on it!
Tell us where we went wrong and what we're missing!
🧵 with sections...
1/ The SEC’s proposal to expand the definition of “exchange” is so broad and ambiguous that it may (or may not!) implicate DeFi.
If you’re a DeFi user, write to the SEC asking for clarification!
protectdefi.org
🧵with the state of play…























