Jerry Brito @jerrybrito Twitter profile

Pinned Tweet

Jerry Brito

@jerrybrito

2 years

168

14

151

Last Seen Profiles

@walbblrr

@siamesestick

@AlecWILDerland

@panadama_

@topeleven

@poddelaspodcast

@PactoUK

@mordredsp

@disneymusicjp

@LaheyGhost

@tarinisse

@_tago_ago

@burufps

@MrRickySpanish

@Kenin3D

@fizzymisery

@codesyntax

@704_tactical

@StanleyTamz

@FranceTravail

@CrushDaddy

@MEcosocialista

@EakinSurgical

@mahoney_gus

@DrSide5

@BornEvilXIII

@eloa_delospital

@LoredanaStella

@77A24adXEJ2AdJJ

@JoyousCivic

@jastyjuls

@CarneyCata56886

@efc

@Hilmarsdottir70

@efc

@SSefuninat89732

Jerry Brito

@jerrybrito

4 months

New crypto tax reporting obligations took effect on Jan 1. If you receive $10k or more in crypto you now have an obligation to report the transaction (including names, addresses, SS numbers, etc.) to the IRS within 15 days under threat of a felony charge.

589

798

2K

Jerry Brito

@jerrybrito

2 years

OK, I read it. Here’s my quick take on the executive order.

96

528

2K

Jerry Brito

@jerrybrito

2 years

1/ Today Coin Center filed suit in federal district court against OFAC challenging its authority to sanction Tornado Cash immutable smart contracts.

183

583

2K

Jerry Brito

@jerrybrito

4 months

We sent a reponse letter to Sen. Warren's demand that Coin Center disclose if we employ former federal officials "to undermine bipartisan efforts in Congress"

144

375

2K

Jerry Brito

@jerrybrito

2 years

Here is Coin Center's new, full analysis of the Tornado Cash action by OFAC. Bottom line: We believe that OFAC has overstepped its legal authority and are exploring a court challenge.

Analysis: What is and what is not a sanctionable entity in the Tornado Cash case

By treating autonomous code as a “person” OFAC exceeds its statutory authority.

www.coincenter.org

150

422

2K

Jerry Brito

@jerrybrito

2 years

The message I take from this EO is that the federal government sees cryptocurrency as a legitimate, serious, and important part of the economy and society, and I think it’s a good signal to serious people who’ve been holding back from getting involved.

13

250

2K

Jerry Brito

@jerrybrito

2 years

Wow. Now this is great communication. So proud to work with @NeerajKA

109

267

2K

Jerry Brito

@jerrybrito

5 months

Coin Center received the same impertinent letter from Elizabeth Warren as the BA and Coinbase. Read it for yourself to see what a bullying publicity stunt it is.

87

277

1K

Jerry Brito

@jerrybrito

2 years

Today Coin Center filed suit in federal district court against the Treasury Department in a facial constitutional challenge to the amendment of Section 6050I of the Tax Code that was part of the Infrastructure Investment and Jobs Act passed last summer.

113

307

1K

Jerry Brito

@jerrybrito

2 years

Why do people think making Bitcoin legal tender will do anything?

435

41

1K

Jerry Brito

@jerrybrito

2 years

Well, the EO is just further affirmation that when serious officials take a sober look at crypto, the reaction is not to light their hair on fire, but instead to recognize it as a innovation that the U.S. will want to foster and lead while mitigating obvious risks.

9

93

1K

Jerry Brito

@jerrybrito

2 years

Today’s action does not seem so much as a sanction against a person or entity with agency. It appears instead to be the sanctioning of a tool that is neutral in character and that can be put to good or bad uses like any other technology.

U.S. Treasury sanction of privacy tools places sweeping restrictions on all Americans

Sanctioned Tornado Cash smart contract is a tool, not a person.

www.coincenter.org

71

264

976

Jerry Brito

@jerrybrito

2 years

So, Coin Center looks forward to engaging with the various agencies now tasked with studying and planning on the issues we’ve spent nearly a decade working on, as well as engaging with thought legislative proposal from serious leaders in Congress.

19

16

855

Jerry Brito

@jerrybrito

2 years

The EO also presents another striking contrast with alarmist politicians and media in that it is ultimately a call for further study and deliberate planning, not a reactive rush to legislate or regulate.

9

27

663

Jerry Brito

@jerrybrito

5 months

This is the statement we gave to the media:

16

80

646

Jerry Brito

@jerrybrito

2 years

2/ Not only are we fighting for privacy rights, but if this precedent is allowed to stand, OFAC could add entire protocols like Bitcoin or Ethereum to the sanctions list in future, thus immediately banning them without any public process whatsoever. This can't go unchallenged.

33

68

573

Jerry Brito

@jerrybrito

2 years

Forcing citizens to collect highly intrusive information about other citizens, and report it to the government without a warrant, is unconstitutional under the Fourth Amendment.

13

54

565

Jerry Brito

@jerrybrito

2 years

We intend to win this challenge even if it’s necessary to go to the Supreme Court, and we’ll keep you posted as the case unfolds. You can read more about our suit here.

Coin Center has filed a court challenge against the Treasury Dept. over unconstitutional financial...

It is a clear overreach for the government to force citizens to spy on each other without a warrant

www.coincenter.org

6

48

540

Jerry Brito

@jerrybrito

2 years

If there’s anyone who should not abide by the motto “move fast and break things” it’s Congress.

1

15

530

Jerry Brito

@jerrybrito

2 years

3/ We intend to win this challenge even if it’s necessary to go to the Supreme Court, and we’ll keep you posted as the case unfolds. You can read more about our suit here.

Coin Center is suing OFAC over its Tornado Cash sanction

OFAC does not have the authority to sanction a smart contract and Americans have a right to use privacy tools

www.coincenter.org

3

38

504

Jerry Brito

@jerrybrito

10 months

1/ I’m sorry to have to say that Coin Center's case challenging Congress’s expansion of Section 6050I of the tax code was dismissed as unripe by the district court.

32

207

486

Jerry Brito

@jerrybrito

4 months

This is the 6050I law that Coin Center challenged in federal court and our case is in appeals. Unfortunately for the time being there is an obligation to comply – but it's unclear how one can comply. The existing form for "cash" transactions isn't applicable, and there are many…

53

32

481

Jerry Brito

@jerrybrito

2 years

In the background of this narrative fog, you could find statements from the professionals at Treasury and the White House on the front lines of crypto issues consistently saying that while it presents certain risks, they can be mitigated and that the tech holds great promise.

4

9

474

Jerry Brito

@jerrybrito

1 year

The bipartisan Digital Asset Anti-Money Laundering Act, introduced today by Sens. Warren and Marshall, is the most direct attack on the personal freedom and privacy of cryptocurrency users and developers we’ve yet seen. We explain here:

The Digital Asset Anti-Money Laundering Act is an opportunistic, unconstitutional assault on...

Nothing about the bill would prevent the next FTX. In fact, it puts users at more risk.

www.coincenter.org

33

162

449

Jerry Brito

@jerrybrito

2 years

Today Coin Center published a just-the-facts explainer on how Tornado Cash works. In researching it we found yet another way in which OFAC's designation of immutable smart contracts likely exceeds its statutory authority.

21

97

407

Jerry Brito

@jerrybrito

2 years

Accidentally just had breakfast at a vegan restaurant. How do you people live like this?

68

6

415

Jerry Brito

@jerrybrito

4 months

Glad to see the IRS has belatedly listened to us and recognized the impossibility of complying with 6050I using crypto, but its statement on the matter is baffling. They state that the new crypto reporting obligations in the Infrastructure Investment and Jobs Act “requires the…

24

69

405

Jerry Brito

@jerrybrito

2 years

@GGrimalda @VW Isn’t turning off the heating a step toward “decarbonizing”?

7

10

394

Jerry Brito

@jerrybrito

2 years

Over the past couple of weeks, we’ve seen a variety of politicians, media, and consultants (who are often former officials from two or three administrations ago) drive a narrative that crypto is not just useless but dangerous and should be seriously restricted.

3

9

392

Jerry Brito

@jerrybrito

2 years

First the Biden Executive Order, now the New York Times acknowledges crypto’s profound social, cultural, and economic significance

45

88

379

Jerry Brito

@jerrybrito

2 years

And demanding that politically active organizations (like Coin Center) create and report lists of their donors’ names and identifying information to the government is unconstitutional under the First Amendment.

2

16

365

Jerry Brito

@jerrybrito

10 months

3/ This law will apply to all of us in six months, so time is of the essence, and we’ll be appealing to the Sixth Circuit right away. To learn more, read our original post explaining what's at stake:

Coin Center has filed a court challenge against the Treasury Dept. over unconstitutional financial...

It is a clear overreach for the government to force citizens to spy on each other without a warrant

www.coincenter.org

10

70

342

Jerry Brito

@jerrybrito

2 years

A big thank you to our co-plaintiffs Dan Carman, Raymond Walsh, and Quiet Industries. And to our legal team at @ConMcPLLC and @abesutherland 🙏

13

314

Jerry Brito

@jerrybrito

2 years

4/ A big thank you to our co-plaintiffs Patrick O'Sullivan, @TrustlessState , and @Brigade688 . And to our legal team at @ConMcPLLC and @abesutherland 🙏

12

17

317

Jerry Brito

@jerrybrito

2 years

I'm seeing some folks sound an all-hands-on-deck red alert on this new Warren bill. While it's terrible, I don't think it's time to hit the panic button yet.

36

27

305

Jerry Brito

@jerrybrito

4 months

We've written a short blog post explaining the issue that you can read here:

New crypto tax reporting obligations took effect on new year’s day

Here’s what you need to know and what we’re doing about it

www.coincenter.org

15

32

306

Jerry Brito

@jerrybrito

2 years

That provision will require individuals and businesses who receive $10,000 or more in crypto to report to the government not just the name of who sent them the funds, but that person’s date of birth and Social Security number as well.

4

21

296

Jerry Brito

@jerrybrito

16 days

Over the past few days there have been a number of attacks on non-custodial crypto services. - the Samourai Wallet indictment, which we believe includes some questionable charges - the government’s response in the case against Tornado Cash’s developers, which specifically…

31

79

401

Jerry Brito

@jerrybrito

1 year

One thing I'm having a hard time understanding is, suppose all of SBF's investment in DC had paid off, and he'd gotten a deal with the SEC or a bill that provided for CFTC oversight over FTX, then what? They'd discover the hole and the malpractice, no? What was the endgame in DC?

94

27

297

Jerry Brito

@jerrybrito

2 years

Was briefing Senate staffers on Tornado Cash today and during the call I looked up and pasted into chat a link to the GitHub repository for the command-line interface app for TC to show that one can use the smart contracts directly without a web interface.

20

52

279

Jerry Brito

@jerrybrito

5 months

And while I have your attention, let me direct it to something perhaps more interesting. Also yesterday we filed our appellate brief in our suit against OFAC over Tornado Cash. We’re proud of it and hope you’ll read it to see the kind of work your support makes possible:…

3

19

284

Jerry Brito

@jerrybrito

2 years

A few minutes later, during the call, that page was taken down. All the page had on it was code. Speech. Sure helped illustrate what is at stake here. I really hope devs in the community will work to get the coded mirrored somewhere else. Please let me know if this is happening.

14

41

266

Jerry Brito

@jerrybrito

2 years

When people say Bitcoin is a battery, they mean that figuratively, right? Not that it is literally stored energy that can be used to power a toaster, right? Honest question. Just heard someone make a claim on a podcast that is making me question my assumption.

151

12

258

Jerry Brito

@jerrybrito

10 months

2/ This law take effect on Jan 1, 2024, and will require citizens who are recipients of crypto payments of $10,000 or more to report to the government not just the transaction, but the PII of the sender as well–all without a warrant.

18

69

254

Jerry Brito

@jerrybrito

4 months

We've been trying to sound the alarm on 6050I since Nov 2021 (we filed the court case in June 2022) and are somewhat amused that folks are getting it now. :) Here's a twist I find especially amusing that you all might appreciate now: If two day traders exchange crypto A for…

46

42

235

Jerry Brito

@jerrybrito

4 months

@TheCryptoCPA The obligation applies to *individuals* if they receive $10k+ in the course of their trade or business, not just "businesses." So, if I'm a miner (even as an individual) I'm covered. Also, if I'm a day trader (even as an individual) I'm covered. If I'm an NFT artist it would also…

34

33

233

Jerry Brito

@jerrybrito

2 years

Crypto Advocates Say Elizabeth Warren's Sanctions Bill Is Unconstitutional

8

40

221

Jerry Brito

@jerrybrito

5 months

She says the public “deserves transparency” but the implication of that view is that nonprofits deserve no privacy from government intrusion. Surely she would see the problem in this if a right-wing senator sent as bullying a letter demanding ‘transparency’ from a progressive…

4

11

221

Jerry Brito

@jerrybrito

2 years

It does not have bipartisan support, doesn't seem like it will be attached to anything 'must-pass', and flies in the face of what experts and the Administration recommend. I don't see it moving for now. Will let you know if anything changes.

10

5

217

Jerry Brito

@jerrybrito

2 years

I can’t get enough of this day

Defiant L’s

@DefiantLs

2 years

1K

30K

144K

5

15

204

Jerry Brito

@jerrybrito

2 years

Some folks in Congress really, really get it.

Tom Emmer

@GOPMajorityWhip

2 years

Just finished reviewing Biden’s Executive Order on Digital Assets… Here are a few thoughts:

285

2K

8K

18

22

185

Jerry Brito

@jerrybrito

10 months

We've looked at the new bill by @SenJackReed , @SenatorRounds , @SenatorWarner , and @SenatorRomney that would extend sanctions penalties and AML obligations to developers of decentralized protocols. It's unconstitutional and ill-considered. Our analysis:

The CANSEE Act is a messy, arbitrary, and unconstitutional approach to DeFi

It is effectively a ban on decentralized software development that cedes an innovative sector to the rest of the world

www.coincenter.org

10

60

180

Jerry Brito

@jerrybrito

1 year

The Stablecoin TRUST act introduced by @SenToomey today includes a provision to limit warrantless surveillance of all crypto transactions. Thank you Sen. Toomey!

7

33

178

Jerry Brito

@jerrybrito

5 months

And finally, speaking of support, I hope you will keep Coin Center in mind for your end-of-year giving. Happy holidays!

3

12

176

Jerry Brito

@jerrybrito

2 years

This. Twitter is an immutable timestamp server.

Shehan

@TheCryptoCPA

2 years

An Edit button would defeat the whole purpose of Twitter.

16

6

105

33

11

171

Jerry Brito

@jerrybrito

2 years

1/ The Virtual Currency Tax Fairness Act was introduced with bipartisan sponsors in the Senate today. This is a companion to a bill with the same name that has been introduced in the House the last four congresses.

17

34

163

Jerry Brito

@jerrybrito

2 years

@mayazi You can “communicate” for a decade and then one guy comes along and undoes any good you’ve done. Kinda demoralizing.

8

13

161

Jerry Brito

@jerrybrito

2 years

In a recent speech, Gary Gensler said crypto exchanges should register with, and be regulated by, the SEC because they are *probably* listing securities. I address that idea in the new issue of my newsletter, which you can read subscribe to here:

49

28

147

Jerry Brito

@jerrybrito

10 months

Congratulations to Chair @PatrickMcHenry on passing the Financial Innovation and Technology for the 21st Century Act out of HFSC on a bipartisan basis. There's a lot of good in the bill-most importantly it honors the rights of individuals to write and use cryptocurrency software.

6

22

147

Jerry Brito

@jerrybrito

2 years

This is good. Should also apply to all fintechs (like PayPal, Square, etc.), not just crypto exchanges.

CoinDesk

@CoinDesk

2 years

SCOOP: The Biden administration will press Congress to include a requirement for crypto exchanges to firewall customer funds from their own corporate funds in case of bankruptcy in any legislation on crypto. @jesseahamilton reports

43

104

394

7

15

147

Jerry Brito

@jerrybrito

2 years

No matter what else is going on, this has always been why crypto matters for me

Defiant Chinese netizens skirt lockdown censorship using blockchain

Growing popularity of decentralised ledger technology presents fresh challenge for country’s censors

www.ft.com

9

36

137

Jerry Brito

@jerrybrito

2 years

Canadian government has been unable to seize most crypto donated to Freedom Convoy protesters

16

20

131

Jerry Brito

@jerrybrito

4 months

Here is Warren's original letter to us, which I encourage you to read.

Jerry Brito

@jerrybrito

5 months

Coin Center received the same impertinent letter from Elizabeth Warren as the BA and Coinbase. Read it for yourself to see what a bullying publicity stunt it is.

87

277

1K

14

4

127

Jerry Brito

@jerrybrito

2 years

I think people are massively discounting the likelihood that Elon will act as erratically about free speech in the future as he does about everything else.

14

124

Jerry Brito

@jerrybrito

2 years

I’m looking forward to reading the executive order when it comes out

8

4

119

Jerry Brito

@jerrybrito

2 years

When it rains, it pours

Neil Chilson ⤴️⬆️🆙📈 🚀

@neil_chilson

2 years

SEC's proposed rule to change the definition of "exchange" in the ATS Rule is "Unpublished but scheduled to be published TOMORROW." Comments due in 30 days --> Sunday, April 17 which means Friday, April 15 to be safe. #crypto

5

16

47

9

10

116

Jerry Brito

@jerrybrito

2 years

@LukeDashjr

3

36

115

Jerry Brito

@jerrybrito

2 years

This is everyone who would be subject to sanctions under Sen. Warren's new bill. Would include miners, node operators, smart contract developers, etc. This is unnecessary, overbroad, and unconstitutional.

14

15

112

Jerry Brito

@jerrybrito

2 years

Just wanted to say how proud I am to work with @valkenburgh . If you haven’t already, read his comment showing the SEC’s proposed stealth regulation of DEX is unconstitutional, setting up a court challenge if the rule becomes final. Brilliant and right.

Comments to the Securities Exchange Commission on Amendments Regarding the Definition of ‘Exchange’...

A SEC proposal has a serious change hidden within its complex language. Our comment explains why it is unconstitutional.

www.coincenter.org

3

20

112

Jerry Brito

@jerrybrito

2 years

@NanduMadhava @TheStalwart @NeerajKA @coincenter No. We advocate for the rights of people to build and use crypto, not particular uses of crypto, which more often than not are pretty dumb. I disapprove of your ape, but I’ll defend to the death your right to slurp juice it.

6

7

112

Jerry Brito

@jerrybrito

4 months

@b0ggs2 I'll add that to my list of open questions

1

0

110

Jerry Brito

@jerrybrito

2 years

I worry that Sen. Warren will introduce a bill based on the shelved, last-minute rulemaking that former Treasury Secretary Steven Mnuchin tried to ram through at the end of the Trump Administration, and that's the subject of my newsletter this week.

8

17

106

Jerry Brito

@jerrybrito

2 years

@marquisdecalmes @coincenter This just came out. We need some time to understand the full implications. But if speech and privacy tech is being banned without due process, don’t see how that can’t be challenged.

4

3

105

Jerry Brito

@jerrybrito

2 years

Glad to see @EFF will work with OFAC to clarify TC designation doesn’t mean it’s illegal to publish code. Coin Center is committed to establishing that OFAC exceeded its authority by sanctioning immutable smart contracts in the first place, even if we have to take OFAC to court

Matthew Green

@matthew_d_green

2 years

There are a lot of thorny issues around the OFAC/Treasury sanctioning of an open source project, and what it means for freedom of speech. To help figure those out, the EFF has agreed to represent me.

21

138

667

1

13

92

Jerry Brito

@jerrybrito

2 years

@Dennis_Porter_ @ewarren It is not time to call Congress. This is not a moment to pull the red alert lever. This bill, as it stands, so obviously lacks support that it likely won't move. Let's not cry wolf.

7

14

106

Jerry Brito

@jerrybrito

1 year

Thank you to @GOPMajorityWhip for re-introducing today the Blockchain Regulatory Certainty Act, which would make sure that non-custodial actors in crypto are never the subject of regulation.

5

25

102

Jerry Brito

@jerrybrito

2 years

I’m glad to see folks taking to court the arguments re Tornado Cash that Coin Center has been developing. The complaint filed today in the Western District of Texas is very well done. We continue to work on our own effort.

Jeff Roberts

@jeffjohnroberts

2 years

Here's first lawsuit over Tornado Cash sanctions. Case is a big deal for crypto industry and the freedom to use code. Coinbase is funding the lawsuit. tip @Techmeme

8

30

78

4

15

101

Jerry Brito

@jerrybrito

1 year

This is excellent. Why OFAC sanctions do not apply to validators, miners, relayed, etc.

Base Layer Neutrality

We believe that under current OFAC guidance, base layer participants are not required to monitor or censor addresses as part of a risk-based sanctions compliance program.

cryptoforinnovation.org

5

22

98

Jerry Brito

@jerrybrito

2 years

Are there any Dutch lawyers here who can explain what’s going on? How can one be jailed for months without charge?

Arrested Tornado Cash developer to stay in jail after appeal rejected: Exclusive

Arrested Tornado Cash developer Alexey Pertsev's appeal has been dismissed and he will remain in jail until at least late November, his wife tells The Block.

www.theblock.co

13

14

96

Jerry Brito

@jerrybrito

2 years

@Dennis_Porter_ @ewarren If you aggressively oppose *any* attack by Warren you will exhaust the community with a red alert every week and for no good reason because the vast majority of her attacks will amount to nothing. We need the community to know that when we call, it really matters.

8

2

98

Jerry Brito

@jerrybrito

9 months

After nearly two years, Treasury and the IRS have released the proposed rules interpreting the crypto tax provisions of the Infrastructure Act.

U.S. Department of the Treasury, IRS Release Proposed Regulations on Sales and Exchanges of Digital...

Treasury to solicit public input, feedback on the proposed regulationsWASHINGTON – As part of the Biden-Harris Administration’s implementation of the bipartisan Infrastructure Investment and Jobs Act...

home.treasury.gov

1

29

91

Jerry Brito

@jerrybrito

2 years

Thanks to @laurashin for having me on her podcast to discuss why we think OFAC may have overstepped its authority by adding certain Tornado Cash smart contract addresses to the sanctions list.

Tornado Cash Sanctioned. Did the Government Overstep Its Bounds? -...

Jerry Brito, executive director of Coin Center, talks about Tornado Cash, why it was sanctioned, and what this means for privacy in crypto. Show highlights:...

www.youtube.com

4

16

90

Jerry Brito

@jerrybrito

2 years

Reminds me of JFK saying that Washington is a city of Northern charm and Southern efficiency.

The Hill

@thehill

2 years

. @RepMaxineWaters : "Central Bank Digital Currencies have the potential to harness the efficiency of cryptocurrencies while providing the security and stability of the U.S. dollar backed by full faith and credit of the federal government."

143

14

32

8

12

83

Jerry Brito

@jerrybrito

10 months

We've digested the SEC v. Ripple decision and the commentary surrounding it and recorded an episode of Tangents to analyze the opinion and give our take.

Tangents from Coin Center: Analysis of SEC vs. Ripple

In this episode of Tangents, Peter and Jerry discuss the recent decision in the SEC v. Ripple case. They explain that the decision follows the same interpret...

www.youtube.com

11

18

85

Jerry Brito

@jerrybrito

4 months

@andy8052 Actually, it's aggregate for related transactions

22

3

84

Jerry Brito

@jerrybrito

2 years

I’ve seen at least a dozen tweets wondering why we’re not talking about what’s happening in Shanghai.

16

3

85

Jerry Brito

@jerrybrito

25 days

The Lummis-Gillibrand bill introduced this week would create a regulatory framework for stablecoins, which is a laudable effort. Unfortunately, it includes a ban on "algorithmic payment stablecoins" that would stifle innovation and violate free speech rights under the First…

3

17

81

Jerry Brito

@jerrybrito

1 year

And now for some good news. While some members of Congress are gunning for non-custodial uses of crypto, others are working to protect it. This bill would create a safe harbor from state licensing requirements for non-custodial entities. Thank you @RepTomEmmer

Tom Emmer

@GOPMajorityWhip

1 year

Probably a good time to re-up my bipartisan Blockchain Regulatory Certainty Act. The bill asserts that blockchain entities that never custody consumer funds are not money transmitters… providing necessary legal certainty to ensure the future of crypto reflects American values.

252

695

4K

0

7

78

Jerry Brito

@jerrybrito

2 years

A .eth ENS domain is a NFT. That is, a digital asset. But so what? Why should such NFTs or markets in them be regulated by the SEC or CFTC?

2

3

79

Jerry Brito

@jerrybrito

2 years

@NeerajKA 3) Entire story is based on two anonymous sources who provide only anecdotes of what they presume is happening. SMH.

8

3

74

Jerry Brito

@jerrybrito

2 years

Peter and I recorded an episode of the Coin Center podcast to walk through our analysis of OFAC's Tornado Cash action. You can watch it here:

OFAC’s Tornado Cash Sanctions

In this episode of Tangents, Peter and Jerry discuss the Tornado Cash sanctions list designation by the Treasury Department’s Office of Foreign Assets Contro...

www.youtube.com

10

22

78

Jerry Brito

@jerrybrito

2 years

Walk into hipster coffee shop in Asheville, NC. See this. @urbit

13

5

78

Jerry Brito

@jerrybrito

1 year

I guess Neeraj was right

12

2

71

Jerry Brito

@jerrybrito

10 months

Bottom line, not only do we think Judge Torres's opinion is generally correct, we're glad to see she employed the same analysis of Howey that Coin Center has been advocating for almost 10 years: a token can be the subject of a securities offerings without being a security itself.

2

9

75

Jerry Brito

@jerrybrito

2 years

I think @balajis has some serious competition

4

3

76

Jerry Brito

@jerrybrito

7 months

FinCEN's new proposed application of special measures on crypto assets is incredibly overbroad as FinCEN itself admits. This is problematic to say the least. Makes me despair for the rule of law. We're digesting and will certainly be filing a comment.

7

12

69

Jerry Brito

@jerrybrito

4 months

Also interesting to note that this claim that the law “requires the Treasury Department to issue regulations before it goes into effect” is in the press release accompanying the official Announcement. The official Announcement doesn’t make any such claim. Instead it just says…

1

2

72

Jerry Brito

@jerrybrito

2 years

Here's the whole thing

How Bitcoin Mines Were Airlifted From China to the US | CRYPTOLAND...

The Chinese government has long tried to stamp out cryptocurrencies in the country with varying levels of success. In 2021, a ban on mining finally sent firm...

www.youtube.com

2

6

72

Jerry Brito

@jerrybrito

2 years

@DavidZell_ The downside on the part of the community is not just burnout, but wolf-crying – i.e. they may not listen when it *really* is time to activate. On the part of Congress, if they're constantly bombarded by calls on every crypto bill, they will start to discount our voice.

3

1

70