Carol Van Cleef
607 posts
@Carol_VanCleef
Digital Currency/Blockchain Lawyer and Advisor, Clear Rules, Immutable Data. A bit of experience in bank failures and deposit insurance across multiple crises.
BREAKING: Key intelligence info indicates that Venezuela held a secret Bitcoin stockpile of more than 600,000 coins which may have been seized yesterday when the US Government bagged Maduro.
I believe some world leader in the future will have the prescience to launch a coin tied to the outcome of policy. Imagine a world where DOGE open sources government information, and launches a coin promising to use 1% of the saved money to buy it back. That would be a very powerful tool
Treasury/IRS has finalized their DeFi broker tax reporting rule. Trading front ends would have to track and report on user activity - both US persons and non-US persons- starting in 2027. And it applies to the sale of every single digital asset - including NFTs and even stablecoins (all cost no benefit from a revenue perspective). First, a lawsuit will be filed claiming that the rule is beyond the authority of Treasury and violates the Administrative Procedure Act. Later, the rule will likely come under Congressional review where it can be disapproved of, like this year’s vote on SAB 121. The outgoing administration is not leaving quietly. The fight continues.
As promised, the inaugural DC Privacy Summit (dcprivacysummit.org) was a first-of-its-kind event that featured an incredible lineup of speakers exploring how zero-knowledge proof technology can revolutionize online privacy, particularly in blockchain and digital assets. Here’s a recap of each session: * Opening Remarks: Paul Brigner @paulbrigner of @coinbase Institute, Geoffrey Garrett @garrett_geoff of @USCMarshall, and Eric Chung @ericwchung of @USC_VEDA set the stage for a day focused on cryptography, privacy, and policy. * Peter Van Valkenburgh @valkenburgh of @coincenter: Explored privacy through the parable of Clearville, a town of glass houses, raising critical questions about privacy tech and law. * "Genuine" DeFi: Michael Orcutt @mike_orcutt of @projectglitch_, Rebecca Rettig @RebeccaRettig1 of @0xPolygon, and Michael Mosier @m_mosier_ of Arktouros discussed DeFi as critical infrastructure and new regulatory frameworks. * Zooko Wilcox @zooko of @ShieldedLabs: Explained zero-knowledge proofs with real-world examples, highlighting their potential to protect personal data. * 0xbow @0xbowio: Amin Soleimani @ameensol and Zac Cole @0xzak discussed balancing privacy and compliance in blockchain with privacy pools and association sets. * Aleo @AleoHQ & Predicate @0xPredicate: Leena Im, Nikhil Raghuveera @pumpernikhil, and Michael Reilly @Reillymj of @projectglitch_ explored Aleo's blockchain network and Predicate's compliance tools using zero-knowledge cryptography. * Josh Swihart @jswihart of @ElectricCoinCo: Shared lessons from @zcash on the importance of private transactions for economic freedom. * Coinbase's Long View on Privacy: Faryar Shirzad @faryarshirzad, Asha Shankar, Shashank Agarwal, and Casey Wagner @caseywagnerr of @blockworks discussed @coinbase's approach to privacy in Web3. * Justin Thaler @SuccinctJT of @a16zcrypto: Delved into zero-knowledge proofs (ZKPs) and their role in blockchain innovation with snarks technology. * Paul Brody @pbrody of @EY_US: Presented EY’s Nightfall and Starlight tools for enterprise privacy on Ethereum. * Jay Stanley @JayCStanley of @ACLU, Marta Belcher @MartaBelcher of @FilFoundation: Discussed the inflection point for privacy rights in decentralized systems. * Keynote by Carole House with an introduction by Tony Johnson @TJmyked of @TrumanCenter: Addressed the national security implications of blockchain and privacy tech. * Crypto Privacy Panel: Experts (Allison Behuniak @AllisonBehuniak, Katherine Kirkpatrick Bos @kkirkbos of @StarkWareLtd, Miller Whitehouse-Levine @millercwl of @fund_defi, Michele Korver @MicheleKorver of @a16zcrypto, and Nikhilesh De @nikhileshde of @coindesk) debated the future of crypto regulations and balancing privacy with compliance. See the following 🧵for summaries and videos of each amazing session!
Senate Majority Leader Chuck Schumer scheduled to speak at Crypto4Harris townhall theblock.co/post/311168/se…
Don’t you hate @RonwHammond - just after posting your excellent synopsis, news breaks about the addition of a (new)member to White House team, with solid crypto credentials. Any thoughts on how this may impact the next few weeks/months?
1) It's the end of Q2 so you know what that means, it's time for the crypto meme policy recap! It was the busiest 3 months in crypto policy so let's recap with some memes:
BREAKING: The SEC and Terraform Labs reached an agreement that would see the latter pay $4.5B
ABA applauds Congressional disapproval of @SECgov's SAB 121 which leaves consumers with few well-regulated trusted options for their digital asset portfolios, exposing them to risk: aba.social/3K3lQ1V Thank you @SenLummis @USRepMikeFlood @RepWileyNickel for your leadership.
