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https://warpcast.com/~/channel/law-policy
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larry
@larryflorio.eth
🧵 Big week in crypto legal news! Let’s dive in: First, the OCC clarified that national banks can now engage in crypto activities like custody, stablecoin ops, and use of blockchain tech without needing prior regulatory approval. A major shift easing past restrictions. https://occ.gov/news-issuances/news-releases/2025/nr-occ-2025-16.html
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larry
@larryflorio.eth
2/ President Trump’s executive order establishing a Strategic Bitcoin Reserve made waves. While it confirmed U.S. government Bitcoin holdings, it stopped short of aggressive accumulation plans. https://warpcast.com/larryflorio.eth/0xca5c9678
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larry
@larryflorio.eth
3/ Meanwhile, the SEC’s new Crypto Task Force, led by Commissioner Hester Peirce, is ramping up. They’ve announced their staff and scheduled a roundtable for March 21 to tackle the big question: when is a digital asset a security? Excited to see so many friends & colleagues will be repping the industry https://www.sec.gov/newsroom/press-releases/2025-51
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larry
@larryflorio.eth
4/ In enforcement news, the DOJ seized domains and froze assets tied to Russian crypto exchange Garantex over criminal allegations. https://www.justice.gov/opa/pr/garantex-cryptocurrency-exchange-disrupted-international-operation
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larry
@larryflorio.eth
5/ Also notable: Crypto founder Richard Heart won big as a Brooklyn federal judge tossed an SEC suit against his Hex, PulseChain, and PulseX projects due to insufficient U.S. ties. https://www.reuters.com/legal/us-judge-dismisses-sec-fraud-lawsuit-against-hex-crypto-founder-2025-03-01/
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larry
@larryflorio.eth
6/ Next up, software developers & DeFi scored a win as Congress moved to repeal the IRS’ controversial Broker Rule, reversing burdensome tax reporting requirements on noncustodial software https://warpcast.com/larryflorio.eth/0x942b138a
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larry
@larryflorio.eth
7/ Last but not least, in Europe, common sense prevailed and ESMA declined to treat base layer blockchain infrastructure like financial institutions, a victory for credible neutrality You wouldn’t regulate road builders like drivers. Same thing here. https://warpcast.com/larryflorio.eth/0xf331837f
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