Discover and read the best of Twitter Threads about #SEC

Most recents (12)

@DamianGawryluk You’re very warm...keep going! There are profound implications for #crypto custodians from footnote 13 of the SEC’s new guidance...I’ll be back with more later 🤠🤠🤠... @propelforward @NYcryptolawyer @josh_blockchain @AndreaTinianow @AnnetteNazareth @stephendpalley
@DamianGawryluk @propelforward @NYcryptolawyer @josh_blockchain @AndreaTinianow @AnnetteNazareth @stephendpalley 1/ OK here's what it means. The SEC's new guidance would have been a bummer for the #crypto custody industry were it not for #Wyoming's new #SPDI law, bc there's precisely one--only one--type of bank that satisfies the SEC's key rqmt w/o tripping over other regulatory landmines.
@DamianGawryluk @propelforward @NYcryptolawyer @josh_blockchain @AndreaTinianow @AnnetteNazareth @stephendpalley 2/ #Wyoming designed the #SPDI law to thread this v precise needle--to be a bank when it NEEDS to be (eg, to satisfy good control location) but not to be a bank when it doesn't want to be (eg, to avoid tripping bank holding co status). The impact? The #crypto custodians that...
Read 12 tweets
Interesting thought here: according to our data, the higher ranked team has won roughly 72% of the time over the last decade in the #SEC. That's down from 80% in a study about 5 years ago.

Since expansion (2012) each team has played 56 conference games, and only 5 are above 500.
That's 392 games over 7 seasons, meaning roughly 110 times a lesser ranked team defeated a "more talented" opponent.

Obviously all 5 of Bama's losses are to "less talented" teams, bc they're a top 2 recruiter. The next highest talent recruiter is #UGA, who has lost just 15 times
In the last 7 seasons. Of those 15, every loss except once to #Alabama is a loss to a "less talented" team. So right away, 17% of the "upset losses" are held by the top two recruiters in SEC, bc nearly everyone they play is "less talented" than they are any given Saturday
Read 10 tweets
👆#TurnKey,Inc.: #SEC turning the (same)key in the lock

Surprised that commentators think there is anything new in this decision. It is simply a different type of argumentation. It is for the first time a #negative #definition of #ICO #regulation by #securities#laws. Thread👇
👉1. In Munchee Inc., SEC claims (sec.gov/litigation/adm…):
⛔️Munchee has no viable product
⛔️tokens sold are not usable, but will possibly be in the future
⛔️ICO will fund the development of the project
⛔️MUN price will vary AND reasonable expectation of future profits
⛔️#profits (or losses) depend solely on efforts of #Munchee #managers
⛔️#marketing MUN token in the manner to induces the purchasers to believe there is a profit expected solely for buying MUN and reselling it later.
⚠️a positive definition -> this IS a security
Read 10 tweets
HOT OFF THE PRESSES: #SEC Framework for #Investment Contract #Analysis of #Digital #Assets: sec.gov/news/public-st…
here's a link to the actual doc- 13 pages long sec.gov/files/dlt-fram…
Here's the analysis- note that "another type of consideration" for payment prong is broad and explored further in fn9 to include non monetary consideration including #airdrops
Read 35 tweets
1/ TWEETSTORM about #Wyoming’s BIG REVEAL. This is long & info-packed, so buckle in. My native state is about to do bigger things for #blockchain, & the sector is about to pay Wyoming back big-time. Win-win! @Tyler_Lindholm @SenatorDriskill @TraceMayer @ForbesCrypto
3/ New bill 2 parts. 1-Digital asset custody via #SEC #CustodyRule wld create first true #QualifiedCustodian for digital assets (for investors who by law can’t self-custody). 2-Defines property rights for digital assets—doing something HUGELY IMPT for #bitcoin/virtual currencies
Read 40 tweets
here's the full text of the #Token Taxonomy Act, which would exclude #crypto tokens from the #SEC definition of #Securities: scribd.com/document/39609…
looks like it would attempt to qualify trades of crypto for 1031 like-kind exchange:
$600 de minimis gain carve out, collapsing multi-step trades into one, no gains for crypto to crypto trading
Read 11 tweets
0/ A massive 24 hours in the world of #crypto and #blockchain.

To help you stay on top of it all, I've put together this thread. Just doing my bit to make your day a bit easier!
1/ 👾 @TRONFoundation [ $TRX ] revealed it will be establishing a #blockchain game fund dubbed #TRONArcade. Up to $100M committed for use over the next 3 years!

Click through to learn more about #TRON's plans to build out the blockchain game ecosystem. medium.com/tron-foundatio…
2/ 🧸 U.K.-based @CryptoKaijuIO, a startup offering designer vinyl toys that are traceable on the #Ethereum #blockchain as an NFT, has officially launched.

The first kaiju, Genesis, is now selling for $55. Check it out! cryptokaiju.io/product/genesi…
Read 24 tweets
1. Azealia Banks Instagram thread $TSLA
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Read 8 tweets
Thread.
Selected list of #indictments and #sentencings for July 10, 2018
👇
1. University of Colorado Professor Pleads Guilty to Fraud

#OlegVasilyev #LosAlamosNationalLabs #UniversityofColorado

justice.gov/usao-co/pr/uni…
2. Biopharmaceutical Employees Convicted of Insider Trading

#securitiesfraud #insidertrading #clinicaltrials #JasonChan #SongjiangWang

justice.gov/usao-ma/pr/bio…
Read 21 tweets
The investment firm that Joe Biden's son, #HunterBiden , had been co-owner/director of ( #Rosemont , which eventually became "Bohai Harvest RST") when they took ownership of 2 mining companies that included largest mining project in DRC ( #Congo)

orrick.com/News/2017/03/T…
2015 : "Bohai Harvest RST (Shanghai) Equiry Investment Fund Management Co., Ltd allied with AVIC Automobile Industry Co., Ltd to acquire 100% stock shares of Henniges Automotive in USA"

Incredible work here ...

voat.co/v/GreatAwakeni…
"In short, the Chinese government was literally funding a business that it co-owned along with the sons of two of America’s most powerful decision makers. "

#HunterBiden #SEC ... and the search for the connection to #MelissaHodgman
Read 5 tweets
Just saving this one for later - God bless you @OANN - Great stuff !
#MelissaHodgman #SEC #PeterStrzok
[2] One month after Barrack Obama was elected President in Nov 2008 , the FBI suddenly were told by the children of Bernie Madoff (NASDAQ chairman) of Bernie's ponzi scheme - Bernie was arrested later convicted.
[3] It got worse for the NASDAQ
In 2011, led by U.S Senator Arlen Specter, Nasdaq was sued by China-based CleanTech Innov, Inc. for racism and fraud. In a historic, unanimous ruling in July 2013 by the SEC under Mary Jo White, Nasdaq was singled out as an institutional racism.
Read 5 tweets
(1) #AboutStrzok This is #PeterStrzok . He is in his 40s. He works for the #FBI . He was the only person to interview @HillaryClinton , with no recording, on her #HRCEmail investigation .
(2) #AboutStrzok How many #STRZOK family members are there? There are only 100 total Americans out of 300 million with this name . You can Google this. #PeterStrzok must be unique in such a small family, right?
(3) #AboutStrzok The father of #PeterStrzok (ii) is Peter Strzok Sr, and he was in the Army core of engineers. Oh, he was actually a career expert in sanctions and nuclear activity in #Iran . fayobserver.com/d8027ffd-e2a6-…
Read 54 tweets

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