jchervinsky
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Publikācijas
1/ For years, a hostile SEC forced crypto founders into a broken model: drive all value into equity, not tokens.
The result? Incentive misalignment, ineffective governance, and more legal risk.
In this post, @jessewldn and I explain why that model failed and how to fix it.
The result? Incentive misalignment, ineffective governance, and more legal risk.
In this post, @jessewldn and I explain why that model failed and how to fix it.
"Gradually, then suddenly" is one of those laws of the universe that repeats over and over, but people struggle to keep in mind.
It's very common with policy-driven business shifts. We're seeing this in the IPO market right now, which is about to explode.
Crypto next up....
It's very common with policy-driven business shifts. We're seeing this in the IPO market right now, which is about to explode.
Crypto next up....
The Congressional hearing on the CLARITY Act is reminding me of @pmarca on the three-stage response to new tech: denial, rational counterargument, and then name-calling.
The anti-crypto faction is calling it "the complexity act" as if this is middle school, but no real critique.
The anti-crypto faction is calling it "the complexity act" as if this is middle school, but no real critique.
People went nuts on here two months ago when the White House had a crypto roundtable and didn't invite anyone from the Ethereum ecosystem.
Today @VivekVentures is testifying in Congress for @Etherealize_io on the market structure bill. Ethereum went to Washington after all 👏
Today @VivekVentures is testifying in Congress for @Etherealize_io on the market structure bill. Ethereum went to Washington after all 👏
Es nekad neesmu bijis tik pārliecināts, ka nākamo pāris gadu laikā mēs beidzot redzēsim, ko kriptonauda patiesībā var darīt.
Viss notiek vienlaicīgi — tehnoloģija, talants, ieguldījums, likums — lai šī visa lieta nopietni uzplauktu. Ja tu tici šai jomai, piesprādzējies.
Viss notiek vienlaicīgi — tehnoloģija, talants, ieguldījums, likums — lai šī visa lieta nopietni uzplauktu. Ja tu tici šai jomai, piesprādzējies.
It's not clear to me that TradFi will prefer "the most decentralized L1" as they move their business onchain.
These institutions aren't in it for decentralization. Their products will likely be centralized in some way anyway. High speed and low cost seem to be their priorities.
These institutions aren't in it for decentralization. Their products will likely be centralized in some way anyway. High speed and low cost seem to be their priorities.
1/ Congress comes back next week and hopefully will move stablecoin legislation quickly.
The Senate has more to do on GENIUS, then STABLE has to pass the House, then the bills may need to be reconciled before POTUS signs. This is doable by end of summer.
But market structure...
The Senate has more to do on GENIUS, then STABLE has to pass the House, then the bills may need to be reconciled before POTUS signs. This is doable by end of summer.
But market structure...
The Senate voted "yes" on moving forward the GENIUS Act in an epic bipartisan showing, 66 - 32 🎉
There's still more work to do — another formal vote on GENIUS in the Senate, and passing STABLE in the House — but this was the hardest part.
We will have stablecoin legislation 🇺🇸
There's still more work to do — another formal vote on GENIUS in the Senate, and passing STABLE in the House — but this was the hardest part.
We will have stablecoin legislation 🇺🇸
Uz GENIUS likumu ir ieguldīts ārkārtīgi liels darbs, pat kopš pagājušās nedēļas neveiksmīgā balsojuma par tā virzīšanu.
Šis likums ir pelnījis katru "jā" balsi, ko tas šodien iegūs, ļoti iespējams, pietiekami daudz, lai to pieņemtu ar spēcīgu abu partiju atbalstu.
Šodien ir liela diena kriptovalūtām Vašingtonā.
Šis likums ir pelnījis katru "jā" balsi, ko tas šodien iegūs, ļoti iespējams, pietiekami daudz, lai to pieņemtu ar spēcīgu abu partiju atbalstu.
Šodien ir liela diena kriptovalūtām Vašingtonā.
Būt pro-kriptovalūtai un pret stabilajām monētām ir desmitgades vidus līknes skatījums.
The new market structure bill draft is better in some ways, worse in others, and more complex in far too many to believe we'll get it done quickly.
Congress should focus relentlessly on stablecoin legislation, which is basically good to go.
Let's get a win and build momentum.
Congress should focus relentlessly on stablecoin legislation, which is basically good to go.
Let's get a win and build momentum.
CFTC ir nedaudz gaidīšanas režīmā, līdz Quintenz tiek apstiprināts kā priekšsēdētājs, bet pēc tam cerams, ka mēs redzēsim progresu jaunajos noteikumos, kas saistīti ar kriptovalūtu:
- mūžīgie līgumi
- 24/7 tirdzniecība
- prognožu tirgi
- DeFi protokoli un saskarnes
Vairāk, ja tirgus struktūras likumdošana arī tiks paveikta.
- mūžīgie līgumi
- 24/7 tirdzniecība
- prognožu tirgi
- DeFi protokoli un saskarnes
Vairāk, ja tirgus struktūras likumdošana arī tiks paveikta.
The Senate just tried and failed to pass the GENIUS Act, its version of stablecoin legislation. Voted down, 48-49.
Many reasons why it didn't pass today, but none that can't be addressed with more bipartisan work.
This isn't no, just not yet. Matter of time until we're back.
Many reasons why it didn't pass today, but none that can't be addressed with more bipartisan work.
This isn't no, just not yet. Matter of time until we're back.
DeFi is infrastructure: plumbing for the financial system.
The more valuable assets flow through the pipes, the more useful DeFi becomes.
The biggest near-term unlock for DeFi is filling the pipes with stocks, bonds, and other securities.
The SEC can and should enable this.
The more valuable assets flow through the pipes, the more useful DeFi becomes.
The biggest near-term unlock for DeFi is filling the pipes with stocks, bonds, and other securities.
The SEC can and should enable this.
Nav nekas sliktāks par domu, ka tu uzvari 4D šahu, kad patiesībā zaudē pie dambrete.
Kongress nespēlē 4D šahu.
Likumu pieņemšana ir ļoti grūta. Tā prasa smagu darbu un komandas darbu, nevis grandiozu stratēģiju un plānošanu.
Pieņem stabilās monētas likumu.
Kongress nespēlē 4D šahu.
Likumu pieņemšana ir ļoti grūta. Tā prasa smagu darbu un komandas darbu, nevis grandiozu stratēģiju un plānošanu.
Pieņem stabilās monētas likumu.
Pass stablecoin legislation now.
Pieraksties, lai skatītu citu saturu