Sarah Shtylman

@shodyesq

130 Following

519 Followers

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I keep trying to come up with a witty follow on but coming up short. No notes. 🤣🙌🏼

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I think the nature of digital assets means it’s not the same as the gold bars at home. For the reason you describe — proof of ownership can be verified without an intermediary. Ultimately this is just an order to explore how crypto could be used to evaluate mortgage applications, and just because it needs to contemplate assets held with custodians doesn’t mean it must exclude self custody assets. All to say, I’m not actually worried about the policy implications here, and will be interesting to follow developments.

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Only if you hold the fartcoin at Coinbase tho.

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Tangentially related but lately I’ve been super annoyed at how crappy the consumer experience is with shop pay.

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Haha! The trick is to tee up the call rather than punting to schedule it. Unless the real trick is to politely avoid a follow up that mutually wont be a good use of time.

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Another reason to revisit the BSA: the dollar thresholds for recordkeeping and reporting have not increased with inflation. The result is that a scheme originally intended to capture truly anomalous and high value / high risk transactions now captures… just about everything.

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I kept thinking none of the LLMs were really that helpful for my law practice… til yesterday!

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This warrants its own PSA. Next time you need a summary of a legal doc that’s in PDF (proposed bills, court documents, etc.) use NotebookLM. My experience has been far better than with ChatGPT, Harvey, or copilot.

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This is super helpful, thanks! This is significantly more useful than similar attempts I’ve made to use ChatGPT for case law or legislative summaries.

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Anyone have a good resource on the actual legal questions at issue in today’s SCOTUS rulings? Headlines on the substance and facts are are intense, but I’m struggling to find a good summary on what the legal questions before the court actually were.

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Fannie and Freddie ordered to consider crypto assets to facilitate mortgage lending, but only if the assets are held with a US regulated exchange (not assets held in self custody). This is a step in the right direction, but the biggest winners from this will be the centralized / regulated FIs.

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Any guesses as to how long til house votes on the genius act and/or how likely it is to get held up on market structure?

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This has the potential to be a big deal in the universe of not letting industries get arbitrarily debanked. Federal Reserve Board announces that reputational risk will no longer be a component of examination programs in its supervision of banks https://www.federalreserve.gov/newsevents/pressreleases/bcreg20250623a.htm

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Anything in Southern California on the calendar?

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I’ve yelled to anyone who will listen (and to the void of the social media) about how the $10bn cap on state regulated issuee makes no sense for a 1:1 reserve framework. unforced error by our industry. But! Perhaps the conversation we should’ve been having all along is what’s raised here— which is, why didn’t we figure out a framework for fractional reserve stables?

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Are any of these focused on compliance (as opposed to law or policy)? Impact of new law/policy on compliance is tough to track bc of how much our system requires “risk based” compliance controls.

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Troubling, because this is arguably one of the more critical policy issues from the last administration

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lol @ “no tanks mentioned” 🤣

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