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Alex Palmer

@thatalexpalmer.eth

Strongly disagree with most of this on the basis of our own experience working through regulatory licenses.

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🌹 Zach Harris 🥀

@zachharris

⭐ Threadstarter

Do you think SEC is trying to turn Coinbase into the Lehman Brothers of crypto?  What are the grounds for the case against Coinbase? Has Coinbase publicly filed a response to the claims? @jrf can you give a TL;DR?

Jacob

@jrf

There is no TL:DR of legal & regulatory commentary I'll create a summary of the allegations for 👇 and will post a link on that thread

🌹 Zach Harris 🥀

@zachharris

Thanks @jrf let's make sure @thatalexpalmer.eth turns a blind eye to it!

Jacob

@jrf

Whether we like it or not, Coinbase is at the forefront of the legal and regulatory challenges taking place in the crypto industry, and its actions will impact how the law is applied to other companies The fight is both legal and political Choose your fighter

web3d3v | sonsOfCrypto.com

@web3d3v

I think SEC will loose coinbase case. They could not even win XRP case.

🌹 Zach Harris 🥀

@zachharris

I’d pick Vega with a super hardcore Swiss legal team

Jacob

@jrf

My point is that most of the crypto industry registration has been state level licenses, and now the federal government is saying to CB that's not going to cut it If your business is serving registered brokers or exempt token offerings then you're in a different category, but that's not the majority of the industry

🌹 Zach Harris 🥀

@zachharris

But what does that mean for a DEX? @thatalexpalmer.eth care to opine?

Alex Palmer

@thatalexpalmer.eth

Understood, and I see where you're coming from. Yes, we're aiming for federal level out of the gate, and that may be one of the key diferences.

Alex Palmer

@thatalexpalmer.eth

At the principled level, it means that - we build the infrastructure - we register our compliance entity with regulators - infrastructure follows existing regulation, with no relief notes - we are responsible for *the entirety of our infrastructure* (even parts that are just code, and can be re-used by others)

🌹 Zach Harris 🥀

@zachharris

All the unlocks 🔐🔏🗝️🏴‍☠️

Alex Palmer

@thatalexpalmer.eth

Building anything is as hard as building any other thing. :) So baseline level of respect given to discerning builders.

🌹 Zach Harris 🥀

@zachharris

Extreme ownership on all levels

🌹 Zach Harris 🥀

@zachharris

ICYMI @jrf @thatalexpalmer.eth 4 PM ET on @unlonely today. @grace this is your friendly neighborhood plug.

Jacob

@jrf

What's happening at 4ET? Did I miss something 🤔

🌹 Zach Harris 🥀

@zachharris

Tune into Unlonely and 👀

🌹 Zach Harris 🥀

@zachharris

False alarm. I forget that web3 tech never works most of the time. @grace what happened?!

Alex Palmer

@thatalexpalmer.eth

Nah, wrong expectations set. We didn't actually schedule this.

🌹 Zach Harris 🥀

@zachharris

Thanks for the reminder. I will lower them moving forward.

🟢 grace is live on unlonely

@grace

weird audio glitch on my stream settings from updating to macOS ventura yesterday... should have known it would mess shit up. we figured out like 20 min later lol but thanks for the plug :) next time!!!

🌹 Zach Harris 🥀

@zachharris

@unlonely troubleshooting sponsored by Adderall

🟢 grace is live on unlonely

@grace

just @songcaster in this case who apparently went bc you told him to so thanks for that!! :P

🌹 Zach Harris 🥀

@zachharris

@grace I am the alpha and omega

Let's talk Collabs ⚡️

@songcaster

The number of times I’ve had to troubleshoot a strange noise coming from somewhere . . .

🌹 Zach Harris 🥀

@zachharris

Ask not what @unlonely can do for you, but rather what @songcaster can do for them.

🌹 Zach Harris 🥀

@zachharris

You can always trust a former litigator to snitch somebody out lol 😘

Jacob

@jrf

Wowww, I was giving you the assist but OK

🌹 Zach Harris 🥀

@zachharris

I’m just kiddin’ appreciate the shout

🌹 Zach Harris 🥀

@zachharris

I went too far, attribute my poor word choice to too much Peaky Blinders and too little REM rest. Lo Siento.
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