Mike Wawszczak 🇺🇸 @mikewawszczak Twitter profile

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Mike Wawszczak 🇺🇸

@mikewawszczak

7 months

hello! by way of introduction, here’s my personal landing page:

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Last Seen Profiles

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Mike Wawszczak 🇺🇸

@mikewawszczak

4 months

@annaarthoe fuck first they take the semicolon from me, now they’re coming for the emdash

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Mike Wawszczak 🇺🇸

@mikewawszczak

1 year

Judge overseeing SEC v. Coinbase just dismissed a class action against Uniswap. Notice the language: “Due to the Protocol’s decentralized nature… no identifiable defendant.” “…the fact that the current state of cryptocurrency regulation leaves them without recourse.”

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Mike Wawszczak 🇺🇸

@mikewawszczak

2 years

if you’re sufficiently ambitious, almost everywhere in America has a ceiling. when you hit it, you have four choices, depending on who you are, what you do, and what you want: NY SF DC LA that’s really it

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Mike Wawszczak 🇺🇸

@mikewawszczak

2 years

Tokens are not securities, and I'm tired of pretending that they are. 1/n

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Mike Wawszczak 🇺🇸

@mikewawszczak

4 years

*hits bong* so, you're telling me, I wasn't dreaming when a bison-headed star-spangled shaman stood on the Senate dais and summoned an army of trolls to kill the Vice President on orders of the President? and as punishment, a bearded wizard stole the President's voice?

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Mike Wawszczak 🇺🇸

@mikewawszczak

2 years

by law the President cannot fire the SEC Chair. Why? Because the SEC is supposed to be independent. Insulated from political pressure. Clear, obvious evidence of political coordination between Chair @GaryGensler and @SenWarren is wrong. They must publicly explain themselves.

Heritage Foundation

@Heritage

2 years

🚨 🚨: What was @SenWarren 's staff doing coordinating questions & testimony with officials from the Securities and Exchange Commission before their leader testified before Warren's committee in 2021? @jasoninthehouse breaks down the emails the Oversight Project just uncovered:

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Mike Wawszczak 🇺🇸

@mikewawszczak

9 months

@matthewstoller “If you oppose my policies you are materially supporting terrorism” Those are the talking points yall are going with? 2002 Rumsfeld greatest hits? Seriously?

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Mike Wawszczak 🇺🇸

@mikewawszczak

5 months

@RichardHanania They find a way to be on the right side of history every time. It’s easy when you have clearly stated principles that you enforce consistently. Imagine that. Proud to be an alum.

Mike Wawszczak 🇺🇸

@mikewawszczak

10 months

the University of Chicago has yet to do anything to embarrass me 🤞

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Mike Wawszczak 🇺🇸

@mikewawszczak

7 months

Today, we at @LEJILEX and the Crypto Freedom Alliance of Texas sued the @SECGov to put an end to its aggressive and unorthodox enforcement actions against our industry:

SEC’s Unlawful Targeting of Digital Asset Industry Challenged in New Lawsuit From Startup LEJILEX...

LEJILEX, an emerging digital asset company, and Crypto Freedom Alliance of Texas (“CFAT”), a nonprofit trade association that advocates for the respon

www.businesswire.com

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Mike Wawszczak 🇺🇸

@mikewawszczak

3 months

Elizabeth Warren has not passed any meaningful legislation during her time in office. Instead, she’s relied on shadowy super bureaucrats to push her policy agenda extralegally, outside of democratic checks and judicial review. Loper Bright frustrates that. Of course she’s mad.

Elizabeth Warren

@SenWarren

3 months

Let's call this Supreme Court ruling on Chevron what it is: a power grab by the far-right to benefit the wealthy and well-connected. Corporate interests want extremist judges to write the rules at the expense of consumers, workers, safety, and the environment.

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Mike Wawszczak 🇺🇸

@mikewawszczak

2 years

@ewarren which crypto firms, specifically? This is such an outrage that billion dollar crypto firms were bailed out. Please name names. Please tell us what legal authority was used to bail them out. I worry your constituents will read this as vague. Please be direct and specific.

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Mike Wawszczak 🇺🇸

@mikewawszczak

2 years

@SenWarren @SECGov This is insulting to everyone who works in this industry, many of whom are your constituents. You know the SEC had no authority over FTX. You are exploiting an event that hurt consumers to attack unrelated engineers and entrepreneurs. That’s wrong.

Brian Armstrong

@brian_armstrong

2 years

@SenWarren @SECGov was an offshore exchange not regulated by the SEC. The problem is that the SEC failed to create regulatory clarity here in the US, so many American investors (and 95% of trading activity) went offshore. Punishing US companies for this makes no sense.

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Mike Wawszczak 🇺🇸

@mikewawszczak

4 years

If you had to guess someone’s personal moral code or philosophy, what’s the best single question you could ask? I would go with “how do you think addiction works?”

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Mike Wawszczak 🇺🇸

@mikewawszczak

5 months

The White House has rarely opined directly on anti-crypto policies, leaving that to agencies and surrogates—until today. With this Statement of Administration Policy, the White House emphatically endorses an abuse of administrative law and practice as a means of policymaking.

Ji Kim

@_jikim

5 months

It's unfortunate that the WH issued the below Statement of Administration Policy indicating that the President would veto H.J. Res 109, the resolution to nullify SAB 121. SAB 121 would require custodians to record customers' digital assets as liabilities on their balances

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Mike Wawszczak 🇺🇸

@mikewawszczak

8 months

@SarahTheHaider Treated us like full autonomous humans our entire lives. Loving, caring, guiding, coaching, parenting, of course. But never subjugated.

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Mike Wawszczak 🇺🇸

@mikewawszczak

10 months

Elizabeth Warren built her whole political career on her negotiations with Wall Street during the Great Financial Crisis: We bail you out, you follow our rules, and we will make you permanent monopolists. Jamie took the deal.

Yahoo Finance

@YahooFinance

10 months

"I've always been deeply opposed to crypto, bitcoin, etc. [Senator Warren] pointed out the only true use case for it is criminals," says JPMorgan Chase CEO Jamie Dimon. "If I were the government I'd close it down."

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Mike Wawszczak 🇺🇸

@mikewawszczak

2 years

Wells Fargo defrauds its customers in 2019 through illegal fees, @RepMaxineWaters comes out swinging. @SBF_FTX literally steals customer funds to buy real estate, startups, and politicians, and Rep. Waters thanks him for his candor. What is happening.

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Mike Wawszczak 🇺🇸

@mikewawszczak

1 year

It's been difficult to explain the SEC's legal position to founders, because it's not a *legal* one. It's nakedly political. With their lawsuits against @coinbase and @binance , the SEC finally revealed the political plan behind "regulation-by-enforcement". 🧵

Max Bernstein

@mbernstein6395

1 year

Today is the deadline for comments on the SEC's proposed "exchange" rulemaking. Talking to @Blockworks_ , @fund_defi 's @millercwl had this to say: "Simply put, the proposed rulemaking makes the SEC’s position clear: centralize, shut down, or get out of the United States."

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Mike Wawszczak 🇺🇸

@mikewawszczak

4 years

@Andrewmd5 I really don’t understand how anyone who has felt terrified and violated by someone physically breaking into your home, threatening you and your loved ones if you don’t give them what they want, could ever describe that experience as “non-violent.” This reads like “get over it.”

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Mike Wawszczak 🇺🇸

@mikewawszczak

2 years

before anyone jumps in to add to the list: Austin and Miami are more retirement communities for those who have Already Made It

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Mike Wawszczak 🇺🇸

@mikewawszczak

2 years

One of life’s enduring mysteries of crypto regulation is why @SenWarren is crypto’s greatest opponent in Congress. Here’s a technology that could advance all the causes she cares about—transparency, access, consumer protection—while cutting out the banks! A theory:

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Mike Wawszczak 🇺🇸

@mikewawszczak

11 months

@lhfang if you see it as part of the broader techlash, it makes sense. the FDA went after SF-based, VC-funded Juul, not products made by their competitors (tobacco companies with deep relationships in Washington)

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Mike Wawszczak 🇺🇸

@mikewawszczak

1 year

@owenbroadcast —or, more delicately, it teaches (1) the virtue of openness to new experiences, (2) don’t judge a book by its cover, and (3) never say never

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Mike Wawszczak 🇺🇸

@mikewawszczak

1 year

there are three different, often rival, political constituencies that we lump together and call "crypto" the Makers, part of the software industry the Market, part of the financial industry the Movement, part of the cypherpunk and anarchist political scenes

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Mike Wawszczak 🇺🇸

@mikewawszczak

2 years

@mayavada if I had the means, I’d do the same. Increasing housing production is the single most important moral cause in Californian cities. Every single social justice concern, from the unhoused to unaffordable rent to community displacement, is downstream of the housing supply problem.

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Mike Wawszczak 🇺🇸

@mikewawszczak

2 years

god bless @coinbase

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Mike Wawszczak 🇺🇸

@mikewawszczak

1 year

I'm hearing that the immediate fallout of the Hinman Emails within the SEC is that staff will be more secretive, more cautious about what they put in comments and internal chats. If true, that's embarrassing. Our regulators should be willing to stand behind their words.

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Mike Wawszczak 🇺🇸

@mikewawszczak

4 years

@alt1na1 These are children doing children things.

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Mike Wawszczak 🇺🇸

@mikewawszczak

2 years

@lex_node I encourage the SEC’s Enforcement Division to aggressively pursue this popular influencer who has been promoting these securities as “risk-free” on YouTube

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Mike Wawszczak 🇺🇸

@mikewawszczak

1 year

so good, so good, so good “it defies logic that a drafter of computer code underlying a particular software platform could be liable under Section 29(b) for a third-party’s misuse of that platform”

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Mike Wawszczak 🇺🇸

@mikewawszczak

1 year

The law, as it pertains to @GaryGensler ’s authority over crypto, is now clear: Tokens are not securities, and we no longer have to pretend that they are. Before we get into the hard legal work that comes next, I want to talk about why this is a legally sound opinion: 🧵

Mike Wawszczak 🇺🇸

@mikewawszczak

2 years

Tokens are not securities, and I'm tired of pretending that they are. 1/n

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Mike Wawszczak 🇺🇸

@mikewawszczak

1 year

hot take: blockchain is still a more revolutionary development than GPT Blockchain enables something that was impossible before: governance without government. GPT/LLM-style AI empowers us to do what was already possible, but faster easier greater cheaper better.

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Mike Wawszczak 🇺🇸

@mikewawszczak

1 year

@POTUS we don’t have to make crypto a partisan issue, you know it doesn’t have to be this way

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Mike Wawszczak 🇺🇸

@mikewawszczak

10 months

Congress has passed no law banning or restricting crypto. Regulators like the SEC and CFTC have adopted no rules enacting crypto policy. Everything the federal government has done to frustrate the crypto industry in America has been done extralegally and undemocratically.

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Mike Wawszczak 🇺🇸

@mikewawszczak

6 months

I am firmly convinced that, if crypto was allowed to grow and develop in the same permissive regulatory environment that the early internet enjoyed (80s-2000s), things would be very very different. Compliance is undefined, good faith is punished, utility is illegal.

david phelps 🐮🏰🃏🐘

@divine_economy

6 months

in 2021 crypto insiders believed it was the future of retail crowdfunding, of artist royalties, of worker-owned coops but for outsiders, it was scams, pump-and-dumps, and gambling in 2024 the outsiders still believe that—the difference is that insiders increasingly do as well

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Mike Wawszczak 🇺🇸

@mikewawszczak

1 year

Risley v. Uniswap, Footnote 8 Remember that citation. It undermines a nasty tactic we’ve seen the SEC, CFTC, and class action plaintiffs use against crypto: arguing that designing a protocol to avoid the law is the same as admitting guilt under the law. “Particularly given the

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Mike Wawszczak 🇺🇸

@mikewawszczak

2 years

we should expand enrollment at elite colleges for the same reason we should build more housing there’s just more of us now. society needs to scale

Noah Smith 🐇🇺🇸🇺🇦🇹🇼

@Noahpinion

2 years

Class-based affirmative action will strike Americans as more fair than race-based policies. But the real task should be to expand enrollment at elite colleges, so that admissions aren't such a vicious zero-sum game.

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Mike Wawszczak 🇺🇸

@mikewawszczak

2 years

@Noahpinion I wonder what precautions she would take if she knew there was a disease that, if she got it, would require her to wear a mask indoors and avoid socialization for the rest of her life.

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Mike Wawszczak 🇺🇸

@mikewawszczak

3 years

Some personal news: I joined @alliancedao as General Counsel — heading up a legal team with a mandate to turn “decentralization” from a buzzword to a meaningful legal reality. Excited and humbled by the opportunity to build with this team. LFG!

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Mike Wawszczak 🇺🇸

@mikewawszczak

2 years

Tokens represent underlying rights to access or interact with a public blockchain and/or software deployed on that blockchain. But, these rights are not *legal claims*! This is critically important! The rights are enforced by software, not by courts! Tokens are not securities!

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Mike Wawszczak 🇺🇸

@mikewawszczak

1 year

Never voted GOP in my life. Can’t do it as long as they are against free expression and bodily autonomy. Never voting Democrat ever again. Can’t do it as long as they are against feee speech and financial privacy. What do :(

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Mike Wawszczak 🇺🇸

@mikewawszczak

3 years

@GoodPoliticGuy @kenklippenstein by this logic, what is not ours?

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Mike Wawszczak 🇺🇸

@mikewawszczak

1 year

I just can’t get over the revelation that American regulators spent a decade trying to figure out how to regulate crypto, kept trying to buy time so they could understand the tech, couldn’t figure it out, and then finally decided to just flip the table and try to ban it.

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Mike Wawszczak 🇺🇸

@mikewawszczak

2 years

@Zapprenfro5 if you have any ambitions in politics, diplomacy, international relations, or policy work generally, there's really nowhere else in the US to go except New York for some think tanks and the UN

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Mike Wawszczak 🇺🇸

@mikewawszczak

4 years

@justinamash At least Congress is feeling the same thing we’re all feeling in our industries. Power and wealth are locked up in a Boomer generation that’s historically hesitant to pass their learnings, status, and assets to their kids and grandkids.

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Mike Wawszczak 🇺🇸

@mikewawszczak

2 years

moving to a new apartment, trying to send money from my checking to my new landlord. Best my bank can do is (i) mail them a paper check or (ii) charge me $25 to do a wire transfer How the fuck are we not all using crypto yet

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Mike Wawszczak 🇺🇸

@mikewawszczak

2 years

“Any buyer of Signature must agree to give up all the crypto business at the bank, the two sources added.” This is illegal and unconstitutional.

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Mike Wawszczak 🇺🇸

@mikewawszczak

4 years

@HannahCox7 @dcexaminer @kevinomccarthy @Liz_Cheney @TianaTheFirst neocon 2 weapons of mass boogaloo

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Mike Wawszczak 🇺🇸

@mikewawszczak

3 years

When you're deep into crypto, it's easy to forget that our regulators aren't the only ones stifling technological progress:

Balaji

@balajis

3 years

The cost of medical diagnosis is not simply the cost in cost, but also the cost in time and convenience. In many studies, AI outperforms all but the very best doctors — and does so inexpensively and quickly. Why isn't it on every phone, then? FDA.

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Mike Wawszczak 🇺🇸

@mikewawszczak

4 years

@afrosypaella I really, really want to argue that all this concern about mispronunciation is grossly ableist — especially for those who struggle to learn languages with major phonetic differences. But it’s low hanging fruit, so someone better positioned to do it will come along eventually.

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Mike Wawszczak 🇺🇸

@mikewawszczak

2 years

@eigenrobot I just can’t get over that ratio my god, pushing 13:1 is there a Ratio Hall of Fame? does this get inducted?

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Mike Wawszczak 🇺🇸

@mikewawszczak

4 years

@amylittlefield Quick note from someone who has written many termination memos for many corporate clients over the years: No explicit threats are needed. Legal threats don't lead to terminations. Behavior that raises the threat of litigation does (like, say, consistently libeling someone).

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Mike Wawszczak 🇺🇸

@mikewawszczak

2 years

you may think all of the above is obvious. Good! It is! obviously tokens are not securities! just as a house is not a mortgage, a book is not a copyright, a piece of paper is not a contract!

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Mike Wawszczak 🇺🇸

@mikewawszczak

5 months

@bowl_of_worcel @micsolana thank you but no my family has been collecting consonants for generations

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Mike Wawszczak 🇺🇸

@mikewawszczak

2 years

@gfodor this is really cool, and quite persuasive

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Mike Wawszczak 🇺🇸

@mikewawszczak

10 months

However bad you think the bureaucrats have gotten, they’re even worse. I have never been more outraged at the conduct of government attorneys in my professional life.

Austin Campbell

@CampbellJAustin

10 months

"Fuck the SEC" I am sure you are used to this sentiment coming from the crypto folks, but what if I told you that it was not, in fact, the crypto crowd that just said this, but rather a federal judge in Utah. Don't believe me? Read on. For those who have forgotten, among the

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Mike Wawszczak 🇺🇸

@mikewawszczak

9 months

@slothropsmap @NateSilver538 You do see how your comment clearly evidences his point, no?

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Mike Wawszczak 🇺🇸

@mikewawszczak

1 year

my god. she really did it. By trying to debank crypto—a sector in the tech industry—she forced tech VCs to evaluate the stability of their banks, leading to the discovery of SVB’s balance sheet problems (caused by Fed rate increases), triggering the run… now, contagion.

The Kobeissi Letter

@KobeissiLetter

1 year

JUST IN: Regional bank stocks are plunging with multiple stocks down 20%+ in a matter of minutes. PacWest Bancorp, $PACW, now down 29%, stock halted. Western Alliance Bank, $WAL, now down 25%, stock halted. Metropolitan Bank, $MCB, now down 24%, stock halted. Buckle up.

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Mike Wawszczak 🇺🇸

@mikewawszczak

1 year

Judge finds that title does not pass to the pool (meaning, the smart contract devs and/or DAO token holders) when you deposit your tokens into a smart contract

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Mike Wawszczak 🇺🇸

@mikewawszczak

2 years

We’ve read the Illinois Digital Assets Regulation Act. We cannot support the bill. Though IL lawmakers may have good intentions, as drafted it is fatally flawed and overtly hostile to innovation. Our analysis in this thread:

Alliance

@alliancedao

2 years

Last night in Illinois, a bill advanced that would make unlicensed “digital asset business activity” (i.e., most blockchain activities) a felony. If the House passes the bill, it could become law in a matter of weeks. Alliance opposes the Digital Assets Regulation Act (DARA).

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Mike Wawszczak 🇺🇸

@mikewawszczak

1 year

@FSCDems @SECGov Who, exactly, has been protected? Which investors? Please provide examples. I can’t seem to find any.

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Mike Wawszczak 🇺🇸

@mikewawszczak

2 years

Holding a token doesn't vest in you any legal rights per se because, as @CarolineDPham put it, tokens "are things, not financial instruments." This is really the beginning and end of the question. Tokens are not securities.

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Mike Wawszczak 🇺🇸

@mikewawszczak

1 year

@lisatomic5 Under IRL conditions—actual skin-in-the-game, universal compliance, private voting—I cannot imagine that more than 10% pick blue

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Mike Wawszczak 🇺🇸

@mikewawszczak

2 years

The SEC does not have the expertise, personnel, resources, knowledge base, desire, intention, skillset, and—most importantly—legal authority to regulate software development.

Brian Quintenz

@BrianQuintenz

2 years

2) The @secnews hasn’t had an intellectually honest or serious conversation on crypto/web3 for 4 years. If the SEC isn't going to take this innovation and technology seriously, Congress should not view them as a serious crypto regulator.

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Mike Wawszczak 🇺🇸

@mikewawszczak

2 years

The original sin of crypto regulation is that the first major use cases—cryptocurrency and DeFi—are financial, so the people at the table are bankers, securities regulators, VCs, traders, monetary policy wonks. This is so much bigger than money.

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Mike Wawszczak 🇺🇸

@mikewawszczak

2 years

What makes securities unique from other investments is that the value is based primarily on that underlying legal claim. Stocks are claim on company assets. Notes a claim on cash flow. Howey's investment contracts a claim on orange groves. Simply *not* true of most tokens.

_gabrielShapir0

@lex_node

2 years

further, the majority of those costs arise from accounting formalities that make no sense as applied to a purported implied-by-law 'investment contract' that does not represent a claim on a company's assets

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Mike Wawszczak 🇺🇸

@mikewawszczak

4 years

Last night, a miracle happened on @joinClubhouse : A sane, informative discussion between political rivals on social media. @chesaboudin crashed a discussion hosted by @micsolana and @michelletandler and I wrote a couple thousand words about it here:

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Mike Wawszczak 🇺🇸

@mikewawszczak

1 year

at some point, SEC lawyers need to step up and advise their client, non-lawyer Gary Gensler, that the law doesn’t say what he thinks it does and that what he’d like to do is not exactly legally coherent

_gabrielShapir0

@lex_node

1 year

*tokens* trade on AMMs--*securities* do not SOME *transactions* in SOME tokens on AMMs *might be* securities--but that's *not* because an investment contract is *trading on* the AMM even *if* like me you think US securities laws are super broad, this one is beyond the pale

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Mike Wawszczak 🇺🇸

@mikewawszczak

2 years

Atlanta and Nashville are unique cases, Top Tier cities for certain cultures and niches, but ultimately the most ambitious still must do their time in LA or NY

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Mike Wawszczak 🇺🇸

@mikewawszczak

3 months

@MattZeitlin said differently, lots of tech people genuinely believe that everyone should have fair notice as to whether their conduct is proscribed by law before they act, yes

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Mike Wawszczak 🇺🇸

@mikewawszczak

1 year

A unanimous Supreme Court in 1997: "The record demonstrates that the growth of the Internet has been and continues to be phenomenal. As a matter of constitutional tradition, in the absence of evidence to the contrary, we presume that governmental regulation of the content of

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Mike Wawszczak 🇺🇸

@mikewawszczak

5 months

@micsolana @bowl_of_worcel for those confused, we’ve known this since at least 2020 “There’s less of it, but the sugar in Oatly has a higher gram-for-gram impact on your blood sugar than the HFCS in Coca-Cola.”

Oatly: The New Coke

Fool me once, shame on you...

every.to

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Mike Wawszczak 🇺🇸

@mikewawszczak

1 year

@whstancil *for people who experience them

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Mike Wawszczak 🇺🇸

@mikewawszczak

2 years

Not all investments are "securities" Obviously true at a high level—investments in your home so it sells for more are not "securities" nor are investments in your education to increase your salary. Securities are a unique subset with unique risks, which is why we regulate them.

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Mike Wawszczak 🇺🇸

@mikewawszczak

3 years

Biden Executive Order on Crypto just dropped. In short: no changes in law (yet), but much clarity about enforcement priorities *and* where the industry can work together with the administration (a pleasant surprise).

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Mike Wawszczak 🇺🇸

@mikewawszczak

4 years

@dickc @pt @Jason @coinbase dude this is... you know you’re talking about human beings, right? ...and providing video commentary to their violent murder, that you support, because of political disagreements? You used the word “happily” to describe your feelings about that. Are you OK?

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Mike Wawszczak 🇺🇸

@mikewawszczak

2 years

Praise be. This is not a dismantling of the SEC’s enforcement power, this is a dismantling of the SEC’s judicial power. They are free to enforce. They just need to do it in a way that will persuade an impartial judiciary, not their in-house courts.

Mark Joseph Stern

@mjs_DC

2 years

The 5th Circuit just dismantled the SEC's power to enforce securities law. This decision is beyond radical. It is nihilistic.

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Mike Wawszczak 🇺🇸

@mikewawszczak

2 years

@CEBKCEBKCEBK @DrClaytonForre1 @Babygravy9 cute, but wolves are not fiercely hierarchical in nature. they (like humans) only become so when domesticated or in conditions of scarcity and desperation

Wolves Cooperate With Each Other, Dogs Form Hierarchies

www.iflscience.com

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Mike Wawszczak 🇺🇸

@mikewawszczak

10 months

@RatOrthodox The mistake in your analysis is that you are discounting the x-risk from totalitarianism. Once you help build that government, there’s no reason to believe they will care about alignment with anything other than the state.

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Mike Wawszczak 🇺🇸

@mikewawszczak

4 years

@acczibit for the lazy:

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Mike Wawszczak 🇺🇸

@mikewawszczak

2 years

More technically, "securities" are so called because they "secure" an interest in an underlying asset. A mortgage secures the holder's interest in the house, despite the mortgagor not having any typical ownership or possessory rights. Not true of most tokens.

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Mike Wawszczak 🇺🇸

@mikewawszczak

7 months

@azzecca It’s happened before (disco in the 80s, house in the 2000s), it’s happening again, and the scene will emerge again. Those defining the scene today will be legends in a few years.

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Mike Wawszczak 🇺🇸

@mikewawszczak

3 years

Social networks are like cities. Learn to navigate them as such. Some tips: —Stay out of the dangerous and/or overcrowded parts. —The well-lit places are boring. —Explore different areas until you find one that feels like home. —Meet your neighbors, patronize local businesses.

steven fan

@_StevenFan

3 years

I forget that some of you haven't completely disconnected from the terrible interpersonal dynamics on display outside this part of twitter.

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Mike Wawszczak 🇺🇸

@mikewawszczak

2 years

With most investments, you pay an upfront cost and then you earn a return either by simply holding (like gold bars) or improving it (like a house). With securities, you earn a return based on an underlying legal claim to assets often owned/controlled by third parties.

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Mike Wawszczak 🇺🇸

@mikewawszczak

5 months

i say again: The lack of real use cases is a deliberate policy choice. Regulators effectively ban anything useful or valuable, then point at the uselessness they permit as justification to ban it all.

Travis Scher

@TravisScher

5 months

People keep asking why we don't have more real blockchain use cases and killer apps Its not because the blockchain is a "solution in search of a problem" - its because its nearly impossible to launch a token that accrues value With smart market structure regulation, all the

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Mike Wawszczak 🇺🇸

@mikewawszczak

2 years

@joodaloop @tszzl @arctanno Isn’t the Muscovite Emperor sending his horde down the steppe into Ukraine like… right now?

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Mike Wawszczak 🇺🇸

@mikewawszczak

6 months

My biggest fear when Trump was in office was that he would weaponize government for political gain. Anyway, Biden’s administration has now sued every major American tech giant, every American crypto exchange, and Elon Musk (from like a dozen different agencies).

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Mike Wawszczak 🇺🇸

@mikewawszczak

1 year

so uh is the SEC going to respond today as ordered by the Third Circuit or

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Mike Wawszczak 🇺🇸

@mikewawszczak

3 months

We need to have real policy discussions about the overwhelming costs of the KYC/AML regime versus its meager benefits. Not only does it fail to stop criminals, it gives them a whole new angle of attack. Enough. Time to move on to other solutions.

Jason Mikula

@mikulaja

3 months

Evolve hack includes full KYC data and, apparently, images of identity credentials. This puts EVERY entity in the financial system at risk for fraud, not just users/programs of Evolve.

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Mike Wawszczak 🇺🇸

@mikewawszczak

5 years

@RachelintheOC Would rather not announce it on my own feed, but yeah. It happens probably once or twice a quarter, but exclusively in party contexts (ie: lots of strangers, drugs/alcohol, heightened sexual vibes, etc). 1-2/yr in other contexts too

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Mike Wawszczak 🇺🇸

@mikewawszczak

2 years

lol @brianlfrye absolutely throwing down the gauntlet

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Mike Wawszczak 🇺🇸

@mikewawszczak

1 year

Abolish KYC. Invalidate the BSA as unconstitutional. Enough is enough. Forced collection of data under threat of criminal liability is not only dangerous policy, it’s ineffective. It does not stop criminals, it does not prevent money laundering.

Sunil (FTX Creditor Champion)

@sunil_trades

1 year

Kroll Data Leak Urgent Kroll email (25 Aug) saying that name, address, email address, and the balance in FTX account was leaked On Kroll's Q&A they state the information leaked is the above + FTX account no., Unique ID and Phone numbers Creditors Please be Safe

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Mike Wawszczak 🇺🇸

@mikewawszczak

3 years

Some people are just so casually, pathologically cruel — and, worse, they are somehow both blind to their cruelty and feel entitled to it. An easy way to add happiness to your life is to quickly and efficiently identify and avoid these people at all costs.

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Mike Wawszczak 🇺🇸

@mikewawszczak

1 year

how crypto talks to regulators how regulators talk to crypto “It’s weird that crypto would insist upon its rights through legal process and expect their regulators to follow the law and do their jobs.”

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Mike Wawszczak 🇺🇸

@mikewawszczak

7 months

We are asking the court to recognize the limits of the @SECGov 's authority so law-abiding founders and companies in the crypto space can build the future here in America.

LEJILEX

@LEJILEX

7 months

NEW 🚨 Today, LEJILEX and the Crypto Freedom Alliance of Texas filed suit against the @SECGov . We’re holding the federal government accountable and fighting for clear, consistent regulation of digital assets in Texas:

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Mike Wawszczak 🇺🇸

@mikewawszczak

3 years

@pee_zombie @tszzl if you fully understand this tweet, for a lot of us it’s irrefutable evidence that we need to go outside more. this realization has many people upset and they’re trying to tweet away the feels

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