Tyler Harttraft

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Tyler Harttraft

Tyler Harttraft

@TylerHarttraft

Crypto Lawyer | Partner Bull Blockchain Law LLP | Tweets ≠ legal advice | #Bitcoin

Philadelphia, PA Katılım Kasım 2014
260 Takip Edilen102 Takipçiler
Tyler Harttraft retweetledi
Matt Corva
Matt Corva@MattCorva·
The SEC guidance is great not because of what it says, but because of what it means. For decades our system was built upon centralized intermediaries who for some time provided significant value. In the age of technology, specifically auditable smart contracts, the need for reliance on intermediaries who are more or less rent seekers is gone. The guidance under Atkins' leadership suggests the Staff is recognizing this. That innovation is necessary to do the best by the Staff's constituents - market participants. Not just by the legacy market infrastructure. Lots more to do, but this is an incredible moment. If decentralized applications meet their promise, you can pencil this down as the day centralized intermediaries were dealt a critical blow by allowing fair competition against them. (in before all the centralized intermediaries run the same playbook as the banks against CLARITY).
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Tyler Harttraft
Tyler Harttraft@TylerHarttraft·
Disheartening but unsurprising. Crypto projects always have the uphill battle of ensuring that technical nuance is fully and fairly engaged.
Amanda Tuminelli@amandatums

Leaving the hearing on @rstormsf's motion for acquittal, the only thing that was clear to me is that the government still does not understand the tech at issue. The lack of nuance, the misrepresentations about how a UI functions, and the equivocation between different technologies is really disheartening at this point in the case. The arguments SDNY advanced at this hearing on the application of Section 1960 are limitless and dangerous for all software developers. It was good to see the judge digging in and asking detailed questions, but there is no way to predict how she will rule on Storm's motion. Given that she was focused on dates for retrial at end of 2026, I think we can expect to see the case continue.

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Tyler Harttraft retweetledi
Eleanor Terrett
Eleanor Terrett@EleanorTerrett·
“Reg Crypto” refers to a proposed capital raising exemption in the Senate’s version of the Clarity Act (section 103) that would create a new exemption under the Securities Act of 1933. It is designed for crypto projects that want to raise funds from investors, distribute tokens, and work toward decentralization. The new Reg Crypto exemption would contain a bespoke disclosure framework and a cap on fundraising. According to @SECPaulSAtkins, the @SECGov is working on its own version through rulemaking while the Clarity Act moves through Congress.
Alex Thorn@intangiblecoins

SEC CHAIR ATKINS: WE WILL PROPOSE ‘REG CRYPTO’ FOR TOKEN FUNDRAISING SOON UNDER ‘33 ACT, WILL BE OPEN FOR COMMENT ATKINS: WILL SOON HAVE “INNOVATION EXEMPTION” FOR USE OF DEFI UNDER ‘34 ACT

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Tyler Harttraft
Tyler Harttraft@TylerHarttraft·
Very excited to continue our work with the great folks at WSBA in an ever-important time for advancing #crypto policy
Wall Street Blockchain Alliance@WallStreetBTC

The Wall Street Blockchain Alliance is thrilled to welcome Bull Blockchain Law - a firm specializing in blockchain and crypto currency legal services - as its newest corporate member! The two organizations will have the chance to combine forces, as well as with other members, to continue driving meaningful progress in the industry. wsba.co/uploads/3/7/9/…

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Tyler Harttraft retweetledi
CEDAR Innovation Foundation
CEDAR Innovation Foundation@CIFonX·
🧵 Recently, @SenWarren publicly released a 31-page, 180-question letter to Treasury Secretary-Designate Scott Bessent that amplified overblown concerns around illicit finance and pushed @SenWarren’s tired policy recommendations. CIF’s @thecolinmclaren released the following statement debunking her alternative facts.
CEDAR Innovation Foundation tweet mediaCEDAR Innovation Foundation tweet media
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Tyler Harttraft
Tyler Harttraft@TylerHarttraft·
Cheers to 2025 and the hope that fresh leadership puts an end to enforcing incongruent laws against entities that lack the capacity to comply
French Hill@RepFrenchHill

The Biden-Harris Treasury chose to defy both Democrats and Republicans in Congress by finalizing its controversial broker tax reporting rule today. This rule is an overreach by the Treasury, a blatant and poorly crafted attempt to target DeFi, and should never have been finalized in the final days of the Biden-Harris Admin.

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Tyler Harttraft retweetledi
Bill Hughes 🦊
Bill Hughes 🦊@BillHughesDC·
While the SEC is making up new rules and standards on the fly as it suits them, the UK is considering a law defining crypto as an entirely novel form of property. Nearly every other place on earth is adapting their laws to a new digital paradigm while the important pieces of the bureaucracy in the US refuses to consider changing what they do or even how they think. “The Property (Digital Assets etc) Bill, introduced in Parliament today, will mean that for the first time in British history, digital holdings including cryptocurrency, non-fungible tokens such as digital art, and carbon credits can be considered as personal property under the law.” Importantly these changes are tailored to actually protect consumers rather than just posture. “The new law will therefore also give legal protection to owners and companies against fraud and scams, while helping judges deal with complex cases where digital holdings are disputed or form part of settlements, for example in divorce cases.” gov.uk/government/new…
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Tyler Harttraft
Tyler Harttraft@TylerHarttraft·
The crypto industry needs much more than opaque promises to sway voters. Saying you support "policies that ensure emerging technologies and that sort of industry can continue to grow" to an industry with virtually no legal clarity on many issues is gas on the fire.
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Tyler Harttraft
Tyler Harttraft@TylerHarttraft·
When I counsel founders considering launching a token, one of the most consistent and fundamental concepts we address is accruing value to the token instead of directly to the company that developed it. Understanding that concept is critical to decentralizing and creating a better Web3 product than the Web2 version. This and other great insights are highlighted in a series of recent posts from the @a16zcrypto team @milesjennings. Token rights in term sheets: How to avoid predatory deals a16zcrypto.com/posts/article/…
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Tyler Harttraft
Tyler Harttraft@TylerHarttraft·
How far we’ve come. I recall speaking at crypto events where audience members asked questions like why wouldn’t I use a dollar (holds up dollar)
Wiley Nickel 🇺🇸@WileyNickel

I’ve been working hard to encourage a “reset” and applaud @KamalaHarris for taking a forward-looking approach to digital assets and blockchain technology. This technology holds immense potential for American innovation, economic growth, and financial inclusion. 🇺🇸

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Tyler Harttraft retweetledi
Brad Garlinghouse
Brad Garlinghouse@bgarlinghouse·
It would behoove VP Harris to not listen to (and distance herself asap from) folks like this who spout utter nonsense. The Dems aren't winning any votes for being anti-crypto (and thus anti-innovation), while the Republicans are gaining votes for embracing and encouraging innovation here in the US. It’s time to catch up with so many other leading economies and governments with clear rules of the road.
Daniel Hillburn@HillburnDaniel

Rep. Brad Sherman: "Why is Bitcoin more valuable than Skibidi Coin? It is today. Maybe not after the movie."

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Tyler Harttraft retweetledi
Bill Hughes 🦊
Bill Hughes 🦊@BillHughesDC·
A DEPARTURE FROM THE HOWEY FRAMEWORK        “Insisting that an asset that was the subject of an alleged investment contract is itself a ‘security’ as it moves forward in commerce and is bought and sold by private individuals on any number of exchanges, and is used in any number of ways over an indefinite period of time, marks a departure from the Howey framework that leaves the Court, the industry, and future buyers and sellers with no clear differentiating principle between tokens in the marketplace that are securities and tokens that aren’t. It is not a principle the Court feels comfortable endorsing or applying based on the allegations in the complaint, particularly since the only term among the approximately twenty options included in the statutory definition of “security” that is being relied upon in this case is ‘investment contract.’” - Judge Jackson re secondary sales claim in the strongest complaint the SEC will ever bring against a major crypto firm.
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Keşfet

@NYcryptolawyer @SECPaulSAtkins @SECGov @SenWarren @thecolinmclaren @FDICgov @DrexelUniv @a16zcrypto