Adam Rusch

I don't advocate for fair #Crypto regulations because I think it will make one bit of difference to the inevitable #Blockchain economy. I do it because I don't want to see my country left behind. 🇺🇸

@TavernForge @aticomismana Excited to see the SpaceBudz community start a new chapter on their journey!

For us SpaceBudz means artwork, experiments, community, and last but not least history and history deserves to be treated with care. As long-time holders and community members ourselves, we're picking up this project to preserve what it is: an artifact. The collection stands on its own. We want to honor that. What excites us is the IP. SpaceBudz has a visual identity and a spirit that deserves to live beyond the original collection. How exactly that takes shape is something we want to figure out together with the community. We are looking forward to continuing what started as an experiment, to some degree this experiment goes into its next stage! Tristan & Luca

In case you missed it, yesterday’s Roundtable Talk on Cardano Governance brought together voices from across the community. A huge thank you to our panelists, @yutazzz, @eternlwallet, @NicolasC3rny, @KtorZ, @phil_uplc, @kenerik, @phillewisit, @blockjock2017, @AdamRusch, @shuwaku2, who joined and contributed to a thoughtful and constructive discussion around how the Constitution is interpreted, particularly on whether a Constitutional Committee vote is required for a NCL proposal to be considered valid. And to everyone who tuned in live, we really appreciate you following along and engaging with the conversation in real time 👇🧵 x.com/i/broadcasts/1…

I had a great time at the DC Blockchain Summit hearing from policy leaders and networking with industry professionals. It was especially great to connect with my Cardano colleagues, Rand McHenry from @IntersectMBO and Mary Beth Buchanan from the @Cardano_CF Board of Directors!

@jonahkoch @illimitable_HSP

@AdamRusch @illimitable_HSP Did you get to hear the announcement live at DC Blockchain

The U.S. Securities and Exchange Commission (SEC) has today issued a new interpretive release clarifying the application of federal securities laws to crypto assets. In it, #Cardano's $ADA is formally classified as a digital commodity rather than a security. LFG🚀

@design_thyme Yes you will…

i will not argue with strangers on the internet i will not argue with strangers on the internet i will not argue with strangers on the internet i will not argue with strangers on the internet i will not argue with strangers on the internet i will not argue with strangers on the internet i will not argue with strangers on the internet i will not argue with strangers on the internet

@UtxoSaint I don’t think that’s a correct interpretation. I think they are doing it as much as in anticipation of CLARITY passing as a hedge against it.

Good and bad news… it’s bitter sweet… while this means a lot of cryptocurrencies are declared commodities it also might mean that CLARITY may not pass this year…. Otherwise there is no reason for SEC and CFTC to do anything like this now… Appreicate all that SEC is doing but the US legislative process sucks! And no one can make it better 🤷‍♂️

@ada_bookworm Definitely NOT Karen…

I think I’ll call her Megan. Or maybe Abigail.

Cardano $ADA is recognized as an example of a Digital Commodity in the SEC interpretive guidance release today.

And Chair Atkins told us all that we would have this in our inboxes after his talk. Nice! x.com/secgov/status/…

I’m attending a panel where the Chair of the SEC and Chair of the CFTC are talking about how they will work together to find a common-sense Crypto regulatory framework. We are so back!

TODAY 🚨: The Commission issued an interpretation that clarifies the application of federal securities laws to crypto assets. This is a major step to provide greater clarity regarding the Commission’s treatment of crypto assets. Read the release here: ow.ly/XhhV50YvxvO

@JoyeousT @SenatorTimScott Witnessing this transaction, I saw them out there!

We got a great update from @SenatorTimScott from the Senate about the progress on the Market Structure Bill. He expects to have a skeleton copy by the end of this week. He says they are making very good, steady progress on resolving the issues, but the biggest issue still is something he calls the front door. And he told me he definitely knows @IOHK_Charles !

As America cements its position as the crypto capital of the world, clear rules of the road for software developers are critical. Today’s staff no-action letter delivers long overdue clarity for non-custodial digital wallet software providers.

@Hornan7 @RareNetworkWeb3

@AdamRusch @RareNetworkWeb3 Yessir ADAM! 🥰🫡 looking sharp today!

DC Blockchain Summit. Let’s go!

Join us tomorrow for another Roundtable Talk. Topic: Cardano Governance, A Debate on NCL & Constitutional Clarity We’ll explore the ongoing discussions around the NCL and how the Constitution is interpreted, particularly when it comes to whether a Constitutional Committee vote is required for a proposal to be considered valid. Participants: Community; @ElderM Delegated Representatives: @yutazzz @eternlwallet @NicolasC3rny (representing @Cardano_CF) Constitutional Committees: @KtorZ @phil_uplc @kenerik (representing @tingvard) @phillewisit (representing @EasternCardano) @blockjock2017 (representing @cardanocuria) @AdamRusch (representing @AceAlliance_CC) @shuwaku2 (representing Cardano Japan Council) More details below 👇

@mr_cata @Cardano_CF Returning the Ada to the Treasury if Funds 15-16 are not run is a non-negotiable demand of @IntersectMBO as Administrator of the contract. I believe what we are seeing here is an affirmation from @Cardano_CF that if they take over the @Catalyst_onX brand they will see it done.

Hey @Cardano_CF, maybe I’m reading too much into it but earlier in the proposal you state this Info Action is unrelated, ie no bearing, on the return of funds to the treasury for 15-16. Then later, you state if this Info Action passes, you will help Intersect return those funds… “CF emphasizes that, if this Info Action is approved, it will work with Intersect to return the approved treasury allocations for Funds 15-16 to the Cardano Treasury as quickly as possible.” So, can I get some clarity on which statement should be ignored? Or what could happen if it doesn’t pass - specific to those funds to go back to the treasury? I want to vote YES here to be clear, but I think one too many references to Funds 15-16 exist for something that shouldn’t be impacted at all (ie shouldn’t even be referenced perhaps because this info action only deals with management of prior funds and their milestones, right?).

@JoyeousT @RareEvo It’s a great event!

@RareEvo is handling the Cardano outreach tomorrow at the DC Blockchain Summit in, right across from the historic Washington Navy Yard. I am a loose cannon volunteer with a custom Cardano shirt that will probably make Rare Evo shake their heads! @AdamRusch will be there.