Landon

All crypto policy at @SECGov would not be possible without @HesterPeirce

OPINION: Crypto markets – and the American people – deserve clarity.

The separation doctrine (Section IV.B) is the part many will skip but the part that matters most. For the first time, the SEC says in writing that a token sold as part of an investment contract can STOP being subject to it. Separation can occur "immediately upon delivery." The escape valve founders have wanted since the dawn of ICOs.

After more than a decade of uncertainty, this interpretation will provide market participants with a clear understanding of how the SEC treats crypto assets under federal securities laws. This is what regulatory agencies are supposed to do: draw clear lines in clear terms.

Margaret Atwood once asked Americans a question that feels relevant now: “When did you get so scared?” For most of our history we tolerated a fair amount of disorder because it was the price of living in a society that valued freedom, autonomy, and privacy. Securities markets reflected that. Stocks traded peer-to-peer. Paper certificates changed hands directly. Issuers and transfer agents kept the shareholder records. The world was not chaos, and we didn’t assume every transfer required a regulated intermediary running KYC (and effectively spying on us for a paternalistic state). Today, man we've changed. The mere possibility that a bad actor might touch a system becomes an argument that the system itself must be gated or licensed. That leads to the familiar North Korea hypothetical. Basically a heckler’s veto on infrastructure. Can't have private crypto because, Lazarus group. Can't have p2p securities because Kim is gonna buy up Palantir. If adversaries can slow American innovation simply by threatening to use our tech, well we’ve handed them a remarkably effective strategy to destroy the American way. Meanwhile there are genuine efforts to solve the compliance side without turning every piece of market plumbing into a regulated intermediary. Tokenized assets allow for issuer-level controls, transparent risk scoring, and new approaches to privacy protecting verifiable credentials with robust selective disclosure, credential aggregation and key recovery. Those systems are still being explored, which is exactly why we stood up the John Hancock Project. Maybe those approaches will work and maybe they won’t. But let’s not rush to re-intermediate the entire architecture of markets because of a North Korean boogeyman. When did we get so scared?

Meaningful recognition of the legitimacy & importance of privacy as security in todays US Treasury "Report on Innovative Methods To Detect Illicit Activity Involving Digital Assets" (p.8):

.@patrickjwitt is doing an amazing job brokering a compromise between the banks and crypto industry. No one is working harder to get market structure legislation across the finish line. Btw, crypto has made major concessions on stablecoin yield; time for banks to reciprocate.

A conversation Chairman Atkins and I had last week: sec.gov/newsroom/speec…

Was a full circle moment to sit down with our first @CryptoAmerica_ guest @HesterPeirce almost a year after launching our show and millions of views later Thank you for joining us on stage! Episode to air soon.

100% correct, Mr. Chairman. We need to get CLARITY to President Trump’s desk ASAP to give all digital asset market participants a clear roadmap to operate and thrive in the United States. The House did its job, the Senate must act.

This is history in the making. With @POTUS' leadership and a new era of coordination between the @CFTC and @SECGov, we're cementing the U.S. as the Crypto Capital of the World.

An Unlikely Source of Crypto Innovation: Afghanistan That’s the headline in today’s New York Times, featuring Algorand project @HesabPay_. 650,000 wallets. ~$60M moved monthly. Used by the UN and Mercy Corps to deliver humanitarian aid across Afghanistan and Syria with speed, accountability, and transparency. nytimes.com/2026/01/24/wor…

This is a big week for crypto – Congress is on the cusp of upgrading our financial markets for the 21st century. I am wholly supportive of Congress providing clarity on the jurisdictional split between the SEC and the @CFTC.

Quart - Life is Beautiful youtu.be/1_Ne3Ve7b2I?si…

Privacy is Existential - Devconnect youtu.be/GQML0c1_4Gs?si…

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@vladtenev @FranciscoMemor @jerallaire @siamakmasnavi 🔥 Most Influential: @SECPaulSAtkins Under Atkins’ leadership, the U.S. Securities and Exchange Commission (SEC) has undergone a near-complete reversal of the way it regulates crypto. @nikhileshde writes: coindesk.com/policy/2025/12…

So many great contributions, but the best remarks came from the commissioners themselves. @SECPaulSAtkins @MarkUyedaUS and @HesterPeirce truly understand why privacy matters for democracy and markets alike. Their speeches yesterday were 🔥🔥🔥