Here is the best breakdown of #FIT21 that I’ve read to date. #HR4763 #Blockchain #Crypto #Defi #SEC #CFTC #Web3 https://www.davispolk.com/insights/client-update/crypto-market-structure-bill-draws-closer-floor-vote-house

If #FIT21 was in place before the creation of #Bitcoin, Satoshi would likely have had to register #BTC as a security with the SEC. Also FIT21 states that every #crypto should be regulated either as a security by the #SEC or as a commodity by the #CFTC. Asset issuers need to file an intent to register but what if there is no clear asset issuer? Would Satoshi have been considered an asset issuer? So far this bill leaves me with more questions than answers. It has the potential to strongly change the incentives and risks to launch new #blockchain projects but I still don’t see much chatter about it. I think most people (me included) don’t really understand what impact it will have on the #crypto industry. #HR4763

With the #ETH #ETF being approved, one must wonder what was all this chatter around the #Ethereum foundation being investigated by the #SEC. Market manipulation? #ETHETF

Insightful interview of Steven Nerayoff (one of the #Ethereum founder) by Aaron Day. Some information are so insane that I had to double check their veracity and while I still have to do more in-depth research, I wasn’t able to poke holes in Nerayoff’s story. Definitely worth a listen. #Crypto #ETH #SEC https://www.youtube.com/live/DJ4tw6XNJVs

With #SamouraiWallet and now #PhoenixWallet going down plus #Metamask being sued by the #SEC all in the same week, it’s clear that Operation Choke-Point 2.0 is in full force, targeting #privacy tech and self-custody of #crypto. The compromise the government is willing to make: - Buy #Bitcoin ETF if you want exposure to #BTC price - Buy #MicroStrategy if you want exposure to leverage BTC Acceptable?