Conversation

1) As promised: My current thoughts on crypto regulation.

Possible Digital Asset Industry Standards

Draft of a set of standards that we as an industry could enact to create clarity and protect customers while waiting for full federal regulatory regimes

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Hey

I'd be honored if you'd read my response, and to know what you think of the conclusions.

moneyandstate.com

A Response to SBF and Principled Crypto Regulation — Money and State

Considerations of principled crypto regulation, and a response to Sam Bankman-Fried.

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eh so I think I feel not very heard by you on blocklists? like, I don't know how many times I wrote--both in my post and in my tweets--that I *don't* think it should mean that e.g. validators and blockchains are police, but my reading of your post implies that you think I did?

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on OFAC -- idk man, I'm just restating the law here. You're welcome to (and in fact do!) state your opinions on what they law there should be, but that doesn't change what the law *is*.

8:37 PM · Oct 20, 2022Twitter Web App

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on DeFi -- this is definitely the piece I'm least certain on. I think the proposal I laid out is (a) better than the status quo and (b) better than we're likely to get. But totally understand if you disagree with either of those, or otherwise think it's the wrong approach.

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The "Law" is 2nd amendment freedom of speech which is what DeFi is. its code, freedom of speech, And you can either fight for that or move out of the way.

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We agree what the law is. My hope/wish is for those like yourselves with so much influence over customers, industry, and policy, to speak out about whether it should be what it is. Or do you have no opinion on whether OFAC is ethical, or believe it is?

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You going to trust someone tweeting about regulations from The Bahamas....

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On OFAC, I hold the same idea being a Syrian citizen. Today, Syrians don't have access to financial services because of that list targeting nations, not corrupted individuals. We won't be able to liquidate our assets nor trading it if that list wasn't challenged.