Regulation is coming to Crypto in full force.
Keeping up with regulation is keeping with the future of crypto.
Here are 12 reads on everything you need about Crypto Regulation 🧵
Resources that cover:
• Current state of regulation across the globe
• Crypto is a commodity vs security debate
• The SEC evaluation framework (Howey Test)
• Gensler’s actions so far
• Positive regulatory recommendations
• Recent regulatory news and why it's worrying
1. PwC’s Global Crypto Regulation Report
Good summary on global regulatory frameworks pwc.com/gx/en/new-ventures/cryptocurrency-assets/pwc-global-crypto-regulation-report-2023.pdf
2. Is crypto a security or commodity debate
sofi.com/blog/crypto-commodity-vs-security/
3. SEC’s Framework for digital asset analysis
How the SEC classifies something as a investment contract/security (Howey test)
sec.gov/corpfin/framework-investment-contract-analysis-digital-assets
4. Bitcoin is a commodity
cointelegraph.com/news/cftc-chief-says-bitcoin-is-the-only-commodity-in-the-wake-of-ftx-collapse
5. Why the SEC is likely to regulate Crypto news.bloomberglaw.com/us-law-week/is-the-sec-the-new-crypto-sheriff-in-town
6. Gary Gensler and the SEC’s approach to crypto:
nytimes.com/2022/11/21/technology/gary-gensler-crypto-sec.html?smid=nytcore-ios-share&referringSource=articleShare
7. @a16zcrypto's recommendations:
a16z.com/wp-content/uploads/2022/12/Andreessen-Horowitz-%E2%80%94-Response-to-FSB-RFC-12.15.2022.pdf
8. Kraken-SEC staking settlement & how staking as a service could be reshaped
coindesk.com/tech/2023/02/13/how-the-sec-could-reshape-ethereums-staking-landscape-for-the-better/
9. @PaxosGlobal Receives a Wells Notice decrypt.co/121225/paxos-says-its-prepared-to-vigorously-fight-sec-lawsuit
10. @coinbase receives a Wells Notice from the SEC
coinbase.com/blog/we-asked-the-sec-for-reasonable-crypto-rules-for-americans-we-got-legal
Here’s @brian_armstrong with more info:
twitter.com/brian_armstrong/status/1638654192138199041
11. White house says crypto has no fundamental value
decrypt.co/124168/white-house-president-economic-report-digital-crypto-assets-report
12. Crypto reforms coming:
cointelegraph.com/news/crypto-reform-coming-to-us-in-2023-says-former-white-house-chief-of-staff
Crypto regulation is moving in a harmful direction.
We need a strong, coordinated response from the crypto community.
Here is @twobitidiot on his game plan:
twitter.com/twobitidiot/status/1638884999922581509
Also, checkout @Delphi_Digital's policy paper series:
twitter.com/Delphi_Digital/status/1638209123551412226
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