
CLO @variant
2107 Followers
The SEC spent years saying "tokens are securities." Then last month they took it back, pretended they didn't say it at all, and fake apologized for the confusion it caused. Sorry, but @atuminelli and I aren't buying it, so we told the truth 👇 https://blockworks.co/news/sec-wrong-about-crypto-asset-securities
The SEC has fully lost the plot. The idea that a financial markets regulator established in the 1930s would have jurisdiction over digital art in the 2020s defies not only common sense but also the SEC's statutory authority. Thanks to @opensea for fighting the good fight 🫡
Yesterday I asked "what questions do you have about crypto law and policy" on both Warpcast and X. The engagement here was 1000x higher value. X was basically "why aren't my coins pumping?" Here we had substantive discussion about a handful of really interesting issues. Bullish 🔥
What do you not understand about crypto law or policy that you wish someone would ELI5?