hate to say it but llms are walking the exact same path crypto did

Roman Storm was convicted for conspiracy to operate an unlicensed money transmitting business under Section 1960. The jury was deadlocked on money laundering and sanctions. DOJ will decide in the coming days if it wants to retry those charges in a new trial. A sad day for DeFi.

First they ignore you, then they laugh at you, then they fight you, then you win

The SEC's new "Project Crypto" is the most bullish thing I've seen in a long time from a regulator. Read the speech, it's incredible: * Almost all tokens are not securities * Want to discourage decentralization kabuki theater * Americans should not get excluded by IP/VPN blocks * Explicit exemptions for ICOs, airdrops, etc. * Non-securities should be tradeable alongside securities on the same platforms * Protect software engineers * Streamline licensing requirements * "Innovation exemption" to protect builders pre-decentralization Wow. Wow wow wow.

Project Crypto

TLDR for the SEC's "Project Crypto": - Most crypto assets are not securities - SEC will create rules to clearly define when a crypto asset is a security. - SEC will stop penalizing token issuers for early-stage centralization or using traditional business structures. - A regulatory framework is coming to support tokenized securities like stock and bond tokens inside the U.S. - Americans will no longer be excluded from airdrops, ICOs, or network rewards due to regulatory uncertainty. - SEC will protect the right to self-custody crypto assets and modernize custody rules for registered firms. - DeFi protocols and AMMs will be allowed to operate without forced intermediation. - SEC plans to enable super-apps that combine crypto trading, staking, lending, and securities in one platform. - A new “innovation exemption” will let crypto projects go to market without full traditional compliance. - SEC will treat crypto developers as publishers of code, not intermediaries, where appropriate. - goal is to reshore crypto companies that fled due to regulation-by-enforcement under the prior administration.

AMERICANS NO LONGER EXCLUDED FROM AIRDROPS & ICOS RAHHH

SEC CHAIR SAYS MOST CRYPTO ASSETS ARE NOT SECURITIES

JUST IN: 🇺🇸 SEC launches 'Project Crypto' to help make America the “crypto capital of the world.”

[ ZOOMER ] SEC LAUNCHES PROJECT CRYPTO TO MOVE ALL MARKETS ONCHAIN: SEC