Pinned
Not your legal title, not your coins.
- #Illinois Senate Bill SB1887 would drive out #blockchain #node operators, #miners, and #validators, waste judicial resources, and confuse existing law in a quixotic attempt to protect Illinois consumers. Let's examine the mess in a #thread:
- The EARN-IT bill has passed the Senate and is now into the House. This is a very dangerous bill and will hurt encryption and privacy for everyone. It must be stopped. act.eff.org/action/stop-th…
- Congratulations #Texas, you're the first state to formally attack and attempt to ban anonymous use of #cryptocurrency in the US.
- today has been an incredible year.
- Hot Take: This is nonsense. A thief is not a "purchaser" or "owner" and thus can't avail his/herself of the stolen rights under the license (boredapeyachtclub.com/#/terms). Reminder- digital assets give you system powers, not legal rights. Legal rights come from law.Seth Green developed a whole show around his bored ape, because by owning the NFT he owned the right to that character. Then someone stole it. Now Seth doesn’t own the IP to the character in his show anymore buzzfeednews.com/article/sarahe…
- #NYDFS issues USD backed #stablecoin guidance; must be fully backed by an asset reserve; issuer must adopt a clear redemption policy, approved by DFS in writing (!!!) redemption at par in fiat; reserve must be held in custody with /1
- BREAKING: The President of El Salvador just announced that he is making Bitcoin legal tender in his country. This is the first country to take such a courageous step, but it won’t be the last.
- While it's notable that @KimKardashian settled with the #SEC, it's more interesting to see that the consent order (once again) includes conclusory allegations that the token at issue was a security without the SEC bringing a claim vs the issuer or giving the issuer /1
- 1/x Today a CFTC official suggested that devs may be liable for crimes committed using their code (suggested & predicted by @angela_walch.) Now comes the collision of (1) First Amendment rights -code is free speech (2) contract (disclaimers in licenses) & (3) imposed tort duties.
