BlockProf

The Force, Degen Lawyer Power, Dao LLC?

The Force Is My Ally

So, I have news. Excited that I started as a senior regulatory advisor at Messari this week. Readers know I’ve linked to their analysis many times in BlockProf. No better place to sharpen my analytical skills in crypto asset analysis, and a powerful ally for DC policy reform in defense of digital asset freedom and digital asset privacy.

It’s like having The Force as your ally.

Hat tip

I appreciated a hat tip in Jerry Brito’s newsletter this week, back at ya buddy. I follow Jerry, ya’ll should too. https://jerrybrito.com/newsletter

They’ll Never Take Our Freedom

So proud of my friends in DeFi Law this week who wrote a deluge of comment letters into the SEC’s request for comment about a new proposal redefining what it means to be an exchange. The SEC is doing a sneak attack on DeFi by redefining the meaning of exchange to include, well, almost everything that facilitates a trade including simply publishing code.

J.W. Verret, JD, CPA/CVA, jwverret.eth,.sol,.ust @JWVerret

Epic letter. Here’s the drafters right now.

_gabrielShapir0 @lex_node

Today, @Delphi_Digital submitted to the SEC our strong objections to the SEC's recent proposed amendments to Reg ATS, which, in part, seek to re-define all "communications protocols" as potential securities exchanges.

Jake Chervinsky @jchervinsky

Comments on the SEC's proposed rule expanding the definition of "exchange" to (maybe) capture DeFi are due today. As usual, the crypto industry is showing up in a big way. Read @BlockchainAssn's comment here: theblockchainassociation.org/wp-content/upl… Some other great comments I've seen so far 👇

One argument against this overreach that is particularly compelling comes from Peter Van Valkenburgh at Coin Center. He argues the rule may be a Constitution violation of freedom of speech.

Surely that’s a Hail Mary argument you say? Not at all. The SEC had its rule about conflict minerals disclosure struck was down by the DC Circuit on constitutional first amendment grounds just a few years ago. (Sorry SEC General Counsel, you’re gonna need to work late this weekend.)

Jerry Brito @jerrybrito

New episode of Tangents, the Coin Center podcast, just dropped, and it's about how the proposed SEC exchange rule is unconstitutional. youtube.com/watch?v=Vn0bjj…

DAO LLC?

Don’t forget to login to this American Bar Association event I am moderating on May 6 on Legal Governance of DAOs. All the legends of crypto law are on the panel.

J.W. Verret, JD, CPA/CVA, jwverret.eth,.sol,.ust @JWVerret

LEGENDARY ABA CLE event on DAO governance coming up May 6 at 1 PM with @z0r0zzz @jordanteague @propelforward @lex_node @syd_lauren

americanbar.orgLegal Governance of Digital Autonomous OrganizationsCryptocurrency has risen in national attention recently as a result of cultural attention in Super Bowl ads and the sector’s net growth hitting $3 trillion at its height last year.