Gary Wachtel

Read this if you are interested in @arbitrum

Every generation of financial winners was built on the next infrastructure shift. 1800s - Physical exchange markets 1900s - Broker-led electronic markets 2000s - Internet brokerage platforms 2020s - Programmable markets (Today) Fintechs that build early in the programmable economy will define the next era of markets.

A LOT about the Senate Banking Cmttee scheduling a markup of CLARITY for 5/14. Exciting! ALSO - a lot of fud. Attached is the path to becoming law. 5/14 will be Step #4.

@JOOKSPICASSO false - nothing passed

Big news: CLARITY Act just passed. Key details: - Approved by Congress in May 2026 - Stablecoin rewards now legit under federal regulations - Clear path for redemption to actual USD Pharos’ $CRCL: 1:1 redemption. Fully backed. Powered by Circle infrastructure. trade-crcl.com Redemption is straightforward: rewards convert directly to USD at face value. What you earn is what you get. Regulatory uncertainty is a thing of the past. Time to cash in! $GIGA $H

not opining on timing or success, but various US agencies would be tasked with implementing rules based on the final law. Per the current Senate draft, the @CFTC & @SECGov would be the primary regulators involved; other agencies including @USTreasury, @FDICgov and others would also be involved with respect to specific provisions.

@gary_offchain @Offchain watershed indeed. signed is step 1. who's on the hook when this hits implementation?

.@Offchain proudly signed on to this letter and is excited to keep the momentum going on this watershed piece of legislation.

@potuz_eth damn IP lawyers. 😁

GPT's new image gerator is a rug. Tried 10 times to get a modified photo of my son "Give me a photo of my son in the above image, flying on top of a dragon/riding a motorcycle/..." "We’re so sorry, but the image we created may violate our content policies."

come work with the best

@0xWenMoon gm gm

@gary_offchain Gm gary

So many fucking retards on this app Arbitrum freezing hacked funds means its up to DAO vote what happens to them. That IS decentralisation. The folks here who try to keep up theatrics by letting DPRK continue to steal millions are complicit. In what world is it better to lose 300m just to feign decentralisation?

Surely one of the most complex decisions ever made in Arbitrum governance history but a few things worth noting: 1. To all those screaming for the past few days “Arbitrum has a centralized sequencer so they can move funds”, take a few minutes to learn how Arbitrum works. The sequencer has absolutely no power to move funds and was not the one who acted here. 2. The decision to act was made entirely by the Arbitrum Security Council, a group of 12 individuals elected by the Arbitrum DAO (the annual election is currently underway — vote now!), which required 9/12 of them to agree. The council is independent from the Arbitrum Foundation and Offchain Labs (1/12 of the elected members is an OCL engineer), and came to this decision by themselves after much deliberation. You may not like the existence of security councils and you can form your own opinion on whether you agree with their actions, but this process was extremely distributed and coordinated by independent actors, and ina world where security councils exist, Arbitrum’s is a masterclass on how a truly independent security council should operate. 3. For many, the ultimate goal is to get rid of the security council entirely, but this is complicated. Technically it’s easy — the security council is elected by the DAO and operates at its pleasure, and the DAO can turn it off at any time. But the harder question is _should_ the DAO do that? L1s have the ability to hard fork. Security councils control the analogous power for the L2. If you get rid of it, you lose the ability to hard fork. You can still update the chain via DAO vote but that’s a slow process and you can no longer do fast emergency actions (which includes both actions like the security council took today as well as the ability to quickly upgrade the code in case an exploitable vulnerability in the software stack is discovered). As I’ve said many times, the best path that I see to getting rid of security councils is for the L1 itself to take on this burden for its most important L2s (as defined by objective criteria). In that case, in the case of a vulnerability or an exploit the conversation for L1 and L2 will be identical — does this warrant an L1 hard fork. I’m hopeful that we can reopen this conversation in the coming weeks.

WSJ front page: NYSE is going all in on crypto and tokenization.

Aribtrum is perfect for institutional finance grade infra. Get on board - the train is leaving the station. 🚄

@CoinDesk @CharlesSchwab tradfi + crypto = the future

JUST IN: $12T AUM @CharlesSchwab announces Schwab Crypto, a spot $BTC and $ETH trading platform set to roll out to retail clients in the coming weeks.

Eth is the platform. Atrbitrum scales it. Arbitrum Everywhere.

the financial system will be tokenized. most def on the backend. maybe less glamorous than all of retail, but a sea change nontheless.

more RWA

.@Offchain is proud to participate in this effort!

Was thinking a lot about the future of AI today. “Your scientists were so preoccupied with whether they could, they didn't stop to think if they should.” - Jurassic Park

@d20_eth "hope is not a strategy" -unknown

The man who has already lost everything and keeps the faith should scare you

@zkLumi @arbitrum true story

Few know that the original 2018 @Arbitrum paper was titled “Arbitrum: Scalable, PRIVATE Smart Contracts” Privacy was a core design goal from day one. The paper’s architecture kept VM code & state private by default, with only hashed state on-chain. Even proposed ZK one-step proofs to eliminate any leak during disputes. Privacy struggled to find PMF when crypto was retail-only but now that institutions are coming on-chain “Data Confidentiality” is a core legal and competitive requirement. @Offchain has been researching privacy solutions since before Arbitrum shipped. We’re now actively working on delivering multiple cutting edge solutions to bring protocol-level privacy with compliance to Arbitrum Platform. More to share soon.