Patrick Wilson

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Patrick Wilson

Patrick Wilson

@pmwnyc

@solanainstitute

New York, NY Katılım Ağustos 2024
142 Takip Edilen253 Takipçiler
Patrick Wilson
Patrick Wilson@pmwnyc·
And @SECPaulSAtkins's companion speech points to what may come next: a crypto capital-formation framework that could include a startup exemption, a fundraising exemption, and an investment-contract safe harbor. Major step toward U.S. token launches. sec.gov/newsroom/speec…
Solana Policy Institute@SolanaInstitute

1/ 🚨JUST IN: The @SECGov has issued guidance that addresses one of the most persistent challenges in crypto: When are digital assets considered securities? sec.gov/newsroom/press…

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Marisa Tashman Coppel
Marisa Tashman Coppel@MTCoppel·
1/ Big news: @phantom has received first-of-its-kind no action relief from the @CFTC. We can now connect users to regulated derivatives markets and event contracts without registering as an introducing broker. cftc.gov/PressRoom/Pres…
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Amanda Tuminelli
Amanda Tuminelli@amandatums·
DOJ has decided it will retry Roman Storm in the fall. Despite failing to convince a jury the first time around, despite making obvious mistakes like calling irrelevant witnesses and not understanding the forensic analysis of their own blockchain evidence, and despite multiple legal and logical fallacies to their allegations of third party dev liability, the SDNY will retry Roman Storm on counts 1 and 3 of the indictment. Incredibly disappointing news.
Amanda Tuminelli tweet media
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Amanda Tuminelli
Amanda Tuminelli@amandatums·
“We really believe that there's a spectrum of decentralized finance and on chain markets, and some of it may implicate our rules and regulations. Other of it doesn't, but to the extent that something does, we need to create a path for that here in the US. So we're really interested in following the SEC and having some sort of innovation exemption that allows for firms to create new products without the fear of, you know, regulation by enforcement that the prior administration brought."
Mike Selig@ChairmanSelig

Look forward to joining @MilkenInstitute’s Future of Finance this morning with @SECgov Chair @SECPaulSAtkins to discuss Project Crypto, regulatory harmonization and our efforts to unleash innovation in the US. Tune in at 9am below: milkeninstitute.org/content-hub/ev…

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Patrick Wilson
Patrick Wilson@pmwnyc·
Another big win for @Uniswap and @haydenzadams today. The court dismissed all claims in the Risley class action with prejudice, reaffirming the core principle that a developer isn’t liable for third-party misconduct simply because it built neutral infrastructure others used to do bad things. Read the whole opinion here courtlistener.com/docket/6321327…
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Rachel Green Horn
Rachel Green Horn@RachelGreenHorn·
1/ The @nytimes published an op-ed by @weakinstrument and @econjared claiming crypto has "almost no practical use" and is useless "outside of crimes and scams." As someone who works in this space every day, I'd like to offer a reality check.
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Solana Policy Institute
Solana Policy Institute@SolanaInstitute·
1/ We’re grateful to @RepFitzgerald, @RepBenCline, and @RepZoeLofgren for championing developers at this critical junction for open source software development and the crypto ecosystem with the introduction of the Promoting Innovation in Blockchain Development Act.
DeFi Education Fund@fund_defi

New bipartisan bill protects US software developers from unfair criminal prosecution @RepFitzgerald, @RepBenCline, @RepZoeLofgren introduced 'Promoting Innovation in Blockchain Development Act of 2026' to protect engineers—who write code but do not control other people’s money—from inappropriate misclassification as money transmitting business operators pursuant to criminal code Section 1960.

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Solana Policy Institute
Solana Policy Institute@SolanaInstitute·
1/ The GENIUS Act created a clear framework for payment stablecoins as dollar-backed, regulated instruments. Huge win for U.S. leadership. 🇺🇸 But our tax code? It’s still stuck in the past.
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Patrick Wilson
Patrick Wilson@pmwnyc·
Of course that’s your contention. You found one broker factor you like, so now every wallet’s subject to SEC registration. You’re gonna be convinced of that until you actually look at how courts apply the broker analysis. And then you’re gonna start talking about facts and circumstances, discretion, and control. That’s gonna last until you get to what happened with the SEC’s cases against Coinbase and Consensys. Then you'll launch a wallet and pretend that’s how you understood everything all along.
Patrick Wilson tweet media
Patrick Wilson@pmwnyc

2/ Some recent submissions to the SEC relied on incomplete or outdated legal analysis while collapsing distinct technologies into a single regulatory category. The result is an “analysis” disconnected from how these products actually work and how the law applies to them.

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Patrick Wilson
Patrick Wilson@pmwnyc·
@MinarikLaw @Uniswap It turns out having a patent litigator as your boss when a patent infringement case gets filed is pretty useful 😀
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Patrick Wilson
Patrick Wilson@pmwnyc·
2/ Some recent submissions to the SEC relied on incomplete or outdated legal analysis while collapsing distinct technologies into a single regulatory category. The result is an “analysis” disconnected from how these products actually work and how the law applies to them.
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Patrick Wilson
Patrick Wilson@pmwnyc·
1/ We teamed up with @fund_defi to set the record straight. Today we submitted a letter to Commissioner @HesterPeirce and the @SECGov Crypto Task Force addressing some misrepresentations and misconceptions about wallet products.
Solana Policy Institute@SolanaInstitute

Today, SPI together with @fund_defi, submitted a letter to Commissioner @HesterPeirce and the @SECGov Crypto Task Force providing context on non-custodial wallets and neutral user interfaces. Recent submissions have inadvertently conflated different technologies and overlooked key legal precedents. Our letter aims to ensure policymakers have accurate information as they develop a coherent regulatory framework. Read the full submission: solanapolicyinstitute.org/legal-archives…

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Solana Policy Institute
Solana Policy Institute@SolanaInstitute·
1/ SPI is pleased to see @SECGov continue to lay out how tokenized securities fit into existing law. “The format in which a security is issued or the methods by which holders are recorded (e.g., onchain vs. offchain) does not affect application of the federal securities laws.” sec.gov/newsroom/speec…
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Patrick Wilson
Patrick Wilson@pmwnyc·
This thread by @fund_defi debunks common misconceptions about the Blockchain Regulatory Certainty Act. Nobody is trying to stop law enforcement from going after the bad guys.
DeFi Education Fund@fund_defi

[NEW] Today, the DEF team published a myth vs. fact resource on the Blockchain Regulatory Certainty Act The BRCA is good policy, and its inclusion in market structure is a red line for the industry for good reason. Below: we debunk common misconceptions about the BRCA. 👇

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Patrick Wilson
Patrick Wilson@pmwnyc·
3/ Security expectations for emerging technology should accommodate the underlying architecture. They should be tested through transparent, expert-driven processes rather than enforcement settlements that lock in ill-fitting requirements.
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Patrick Wilson
Patrick Wilson@pmwnyc·
1/ @SolanaInstitute is proud to submit this comment to @FTC alongside @fund_defi, @BlockchainAssn, and @crypto_council. We share the FTC’s consumer protection goals. But it is not a cybersecurity regulator and shouldn’t use “unfairness” to set engineering standards in crypto.
Ayana Dow@_ayanadow

1/ @fund_defi joined @BlockchainAssn, @crypto_council, and @SolanaInstitute in submitting comments to the @FTC on its proposed order related to Nomad/Illusory Systems Inc. While we share the FTC’s consumer protection goals, the proposed order suggests that crypto systems must use "circuit breakers" and "kill switches" – calling this a "widely-accepted industry norm." Why it matters: Not all crypto systems are designed the same way, and mandating technical solutions such as centralized controls would stifle DeFi innovation.

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Keşfet

@SECPaulSAtkins @phantom @CFTC @millercwl @Uniswap @haydenzadams @nytimes @weakinstrument