Open Frontier

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Open Frontier

Open Frontier

@Open_Frontier

https://t.co/LWxyYG5De7 Progressive values cannot be left out of the future of financial regulation.

Katılım Eylül 2025
158 Takip Edilen353 Takipçiler
Open Frontier
Open Frontier@Open_Frontier·
Open Frontier Board Member Carole House testifies Before the House Committee on Financial Services On May 21, 2026, Open Frontier Board Member Carole House testified before the U.S. House Financial Services Committee’s Subcommittee on National Security, Illicit Finance, and International Financial Institutions at a hearing titled, “Modernizing the BSA for Financial Crime in the 21st Century.” Below, you can see her opening remarks and a key exchange with Ranking Member Joyce Beatty, followed by the written introduction to her testimony. openfrontier.us/news/open-fron…
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Amanda Wick
Amanda Wick@Amanda_S_Wick·
This should be mandatory reading for EVERY US politician, and honestly, policymakers around the world. @Open_Frontier
Jill Gunter ☕@jillgun

The downfall of consumer crypto has indeed been the conflation of different user archetypes (investor, developer, end user, etc.) But @0xMakesy couldn't be more wrong to call what is now succeeding the "weak" form of crypto - commoditized ledger tech. Reducing global transaction costs is a hugely impactful (not a marginal improvement) and is a radical revolution that would not have been possible without crypto. To be clear, there is nothing about blockchain ledgers that is making global, fast, low-cost instant settlement possible. But crypto is nonetheless the reason why this is happening now. For the last decade, crypto has served to BULLY THE INCUMBENTS into providing what users have long demanded. This applies to everything from tokenized equities (crypto bullied brokers and regulators into enabling people all over the world to access US equities, e.g. Robinhood Europe); to stablecoins (market structure around correspondent banks and dominance of remittance cos did not incentivize immediate low-cost global payments til stablecoins started to compete); to prediction markets (alternative forms of betting / gambling demanded by the public); to perps (brand new way of expressing a market view). The institutional story of crypto right now is not one in which incumbents are adopting the tech in order to cut some costs and widen their margins. The institutional story is one of incumbents who have taken a beating by crypto competition for long enough that they are finally overcoming their innovator's dilemma. It's the record labels finally agreeing to work with Spotify and revolutionizing the media industry. It's Facebook rolling out the Signal protocol and E2E encryption to billions of users. If this isn't a win for users, I don't know what is. The strength of crypto has always been its unkillability. Its unkillability is what has allowed it to bully the incumbents. And it means billions of people are finally getting the financial products and experiences they've long demanded.

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Austin Campbell
Austin Campbell@austincampbell·
This has been one of the points I consistently raise to people in crypto: hyperbolic rhetoric with unsubstantiated claims is a huge red flag to most regulators. If you want to know why they hate you, it's because you sound like scammers of the past when you do this.
Bitcoin.com News@BitcoinNews

Crypto founders keep telling regulators they've reinvented finance with a risk-free product. " Do you know who they literally heard that story from? Bernie Madoff." @austincampbell (NYU Stern, ex-Paxos) at @Consensus2026, with @_dsencil. x.com/BitcoinNews/st…

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Dennis Porter
Dennis Porter@Dennis_Porter_·
HUGE: Minnesota Gov. Tim Walz has signed a bill to enable banks and credit unions to custody bitcoin and digital assets for their customers.
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Wade Preston 🛡️
Wade Preston 🛡️@wadepreston·
“Crypto policy isn’t important because not many ppl use crypto” points to a chicken/egg dilemma Retail crypto usage is dependent on crypto infrastructure/integration (POS solutions, on/off-ramping, Apple/Android Pay etc.) which won’t exist without regulatory clarity. It’s like someone in 1910 saying “updating traffic laws for automobiles isn’t important because only a few weirdos drive cars. Everyone else uses horses. We should focus on that”
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Todd Phillips
Todd Phillips@tphillips·
Join me in DC on June 5 for the @theOpenBanker Salon! It's at the Aspen Institute, and will include a room full of smart people who care about financial policy. If you're not yet registered, use the discount code SPEAKER15 for 15% off.
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Wade Preston 🛡️
Wade Preston 🛡️@wadepreston·
What @Sen_Alsobrooks says here is one of the most impactful messages I’ve ever heard on crypto from the Hill. Having both the curiosity and prudence to fight for financial opportunity for future generations is a rare and commendable virtue in DC these days. Good on you, Senator.
Senator Angela Alsobrooks@Sen_Alsobrooks

I want each and every American to benefit from this digital revolution that is upon us — and it’s on Congress to keep them protected from risks associated with it. We will keep working.

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Todd Phillips
Todd Phillips@tphillips·
I was on @MPRnews talking about--what else--prediction markets. Minnesota's legislature passed an anti-PM bill that the governor is likely to soon sign. What will happen then? Lawsuits.
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Dennis Porter
Dennis Porter@Dennis_Porter_·
CLARITY markup about to begin. Packed room for a pivotal moment in crypto policy.
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Amanda Wick
Amanda Wick@Amanda_S_Wick·
This is such an interesting low key take. I get three dudes might not think about how exclusionary or inappropriate it is. I just love their easy, obvious take: terrible business decision from an industry that needs to grow up and a conference that should have known better.
Laura Shin@laurashin

Ram on the E11even afterparty: It's one thing for an offshoot even to do it if they want, but it doesn't make sense for CoinDesk. Chris: If you want to bring institutions on, it's not a great business decision. x.com/i/broadcasts/1…

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Austin Campbell
Austin Campbell@austincampbell·
One of the nice parts of being a professor is that I don't have to answer to a corporate overlord, so I can say what I actually believe at crypto conferences on stage, in public. Some things I said: One, crypto was founded on the cypherpunk values of freeing people from being abused by nation-state actors and financial intermediaries, and the main use case for crypto is now somehow nation-state actors stealing money from people. "Never let your sense of morals get in the way of doing the right thing." - Isaac Asimov, from the Foundation novels We're going to need to do something to fix this. Two, public blockchain data is better, not worse, for fighting financial crime. We need to improve our skills and understand this is not a blockchain only problem (in fact, the blockchain is a small part of it), and that the right approach will be multi-data-source multi-method, AI-enabled, and aware of the richness of the current data landscape. Banks don't do this. Crypto people don't do this either. How do I know? Here's an easter egg: a treasure trove of legal documents in the most important stablecoin-related case of the year dropped onchain last night, and nobody on @X or in media has found or reported on them yet. Have fun!
Zero Knowledge@ZKZeroKnowledge

😱 FLORIDA MAN RAMPAGES CRYPTO CONFERENCE jk @AustinCampbell at @CoinDesk’s @Consensus

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Justin Slaughter
Justin Slaughter@JBSDC·
I’ll spare everyone the drama: my expectation is a partisan markup on Thursday and then more negotiations before the bill goes to the floor next month. The real question for Dems is what they want to make their asks that can actually become law this year.
Jasper Goodman@Jasper_Goodman

Crypto market structure ethics talks are wobbling GOP Sen. Bernie Moreno said talks today were a "circus" because Dems "are trying to find reasons to vote against the bill and making up a bunch of bullshit excuses." Other members indicated progress made politico.com/live-updates/2…

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Kalshi Crypto
Kalshi Crypto@Kalshi_Crypto·
BREAKING: 75% chance Clarity Act becomes law this year
Kalshi Crypto tweet mediaKalshi Crypto tweet media
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Amanda Wick
Amanda Wick@Amanda_S_Wick·
Appreciate @Consensys making this statement and moving the industry forward instead of back to 2018. Also fascinated by the comment section of the post that reflects the battle between mature crypto and crypto bro’s still asking “when lambo.”
Consensys.eth@Consensys

We are aware that our logo appeared at a Consensus 2026 afterparty event. To be clear: we were not a paid sponsor of this event, had no role in selecting the venue, and provided no input on programming or entertainment. Our logo was displayed as part of a reciprocal partnership arrangement with another organization we work with. Our brand reflects our core values, trust, security, and being welcoming to everyone in our community, and we hold those values to a high standard. We are reviewing our partner selection and brand usage processes to ensure that any association with our name is fully consistent with what we stand for.

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Dennis Porter
Dennis Porter@Dennis_Porter_·
CLARITY markup is happening next week. Hearing this over and over again from Senators and staff. Also hearing that bi-partisan votes are being expected. This would be massive.
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Austin Campbell
Austin Campbell@austincampbell·
TIL that JPM is a ponzi scheme. Regulated entities use crypto and blockchains for very good reasons that can make the system safer. Memecoins may be stupid & bad, but that's not an argument against crypto unless you think Bernie Madoff is an argument against asset management?
Robert Reich@RBReich

Why is the President of the United States shilling so hard for cryptocurrency? Because the entire industry is a Ponzi scheme — and he's the conman-in-chief.

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Keşfet

@theOpenBanker @Sen_Alsobrooks @MPRnews @X @Consensys @elonmusk @BarackObama @taylorswift13