DC stuff @paradigm | freedom isn’t free

Joined July 2012
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Alexander Grieve retweeted
You've heard of @zipline, but you probably don’t know how close they are to delivering in your neighborhood. On episode 73 of S3: see how the drone company that started by delivering blood in Rwanda is reinventing how anything gets delivered, almost instantly.
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Magnificent. More of this.
The U.S. government just unveiled the majestic Greco-Deco design for the new federal courthouse in Chattanooga, Tennessee. The building is at once monumental and welcoming, classical and original. The iris capitals are an inspired touch, drawing on Tennessee’s natural beauty and weaving it into the stone of a federal building. The Chattanooga courthouse is precisely the kind of building that President Trump’s Executive Order on federal architecture—“Making Federal Buildings Beautiful Again”—was designed to produce. When the courthouse is completed, it will stand as the living proof that the Order represents wise and humane public policy—something all Americans, regardless of political party, can and should support. Beautiful public buildings are not a partisan matter; they belong to everyone.
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Alexander Grieve retweeted
Incumbents are always going to fear the future. The @CFTC stands ready to address changing landscapes and ensure America remains the crypto capital of the world. We will continue to work diligently to onshore innovation and bring novel derivatives under the CFTC’s gold standard regulatory framework so that these markets can thrive here at home.
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Alexander Grieve retweeted
Gary Gensler'ss amicus brief completely ignores his own votes for movie box office futures back when he was CFTC Chairman. Under Gensler's logic, box office contracts have the same issues as sports contracts. At the time, he didn't buy into the same objections he brings up now.
NEW: Former CFTC and SEC Chair Gary Gensler has filed an amicus brief arguing federal law does not give the CFTC authority to oversee sports-related prediction markets.
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Alexander Grieve retweeted
Replying to @jackikotkiewicz
“Gary Gensler, the well-known states-rights activist?”
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Alexander Grieve retweeted
We have the solution to Kryptos, one of the last great cryptography puzzles. But it’s a secret, even to us.
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🎯
NEW this AM: @Eleanor_Mueller talks to a *confident* CFTC Chair Mike Selig on video about his prediction market regulatory plans, his use of AI agents “to evaluate insider trading,” and more. semafor.com/article/06/12/20…
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Alexander Grieve retweeted
Under my leadership, the @CFTC is onshoring crypto perpetual contracts under gold standard regulations. The Biden administration drove perps offshore to jurisdictions that had ZERO investor protections, leading to disasters like the FTX implosion. Instead, we believe that popular financial instruments like perps should be available to Americans under American laws and regulations. Watch more on @MorningsMaria:
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Alexander Grieve retweeted
the SEC just proposed rescinding Rule 611 of Reg NMS, the trade-through rule that has defined US equity market structure since 2005 this is a tradfi story, yes, but this is also one of the biggest unlocks yet for tokenized stocks 👇
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Alexander Grieve retweeted
This recent DOJ complaint is a reminder that law enforcement already has all the tools it needs to pursue bad actors who knowingly facilitate illicit finance. Note: the BRCA does not change that. In fact, the Clarity Act gives prosecutors and law enforcement *more* tools and resources to go after illicit activity - see Sec. 201, 202, 203, 204, 205, 206, 301, 302, etc. . . .
Concrete evidence that the federal money laundering laws are alive and well in this country - being used appropriately to target a centralized mixing service that *did control funds* and *was easily traced and charged by law enforcement* Highly relevant when we hear people spreading FUD about the Blockchain Regulatory Certainty Act and falsely claiming that it would take away tools for law enforcement to combat illicit finance. justice.gov/usao-edpa/media/…
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Alexander Grieve retweeted
Concrete evidence that the federal money laundering laws are alive and well in this country - being used appropriately to target a centralized mixing service that *did control funds* and *was easily traced and charged by law enforcement* Highly relevant when we hear people spreading FUD about the Blockchain Regulatory Certainty Act and falsely claiming that it would take away tools for law enforcement to combat illicit finance. justice.gov/usao-edpa/media/…

[ ZOOMER ] THE US CHARGES TWO INDIVIDUALS WITH LAUNDERING OVER $389M IN CRYPTOCURRENCY: DOJ
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Alexander Grieve retweeted
We're excited about the US CLARITY Act. We think all YC companies will use crypto technology, like stablecoins, before long. Not just crypto startups, not just fintech startups, but every company. Here's why this law is such a big deal 🧵 x.com/SenLummis/status/20637…

The Clarity Act passed committee. The floor is next. We did not come this far to quit at the 5 yard line.
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This is the exact approach that subsumed the Biden administration and ultimately led to its downfall: “The govt/regulators/the IRS should act as puppets of left-wing nonprofits and tax/sue/regulate out of existence activities or industries deemed bad by said nonprofits.”
The right answer is that the tax code should tax economically vacuous activities much more than economically beneficial activities. Why should taxpayers subsidize trading on a memecoin or a "prediction" on who will attend an NBA Finals game?
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RT @AMangiero: The ABA published a piece this week arguing staking rewards should be taxed like bank interest. I testified before @WaysandM…

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Alexander Grieve retweeted
In a second regulatory front today, @Paradigm filed a joint comment with @HyperliquidPC on Treasury’s AML and sanctions rules for stablecoin issuers under GENIUS. FinCEN and OFAC got a lot right, but work remains to provide legal certainty to both issuers and developers.
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Oh? There’s competition in the market finally you say?
Exclusive: The largest U.S. banks plan to launch a tokenized deposit network next year, an attempt to stave off threats from crypto companies on.wsj.com/49IPo2f
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Alexander Grieve retweeted
America answers the call. President Trump challenged us to deliver advanced reactors by our 250th anniversary, and today we’re already crossing a historic milestone — the first commercial non-light-water reactor gone critical in the U.S. in more than 40 years. This is what American ingenuity and determination look like. The nuclear renaissance is here.
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Alexander Grieve retweeted
And of course, with another comment period closed, the great @mparker5102 has updated the Paradigm GENIUS tracker with every new comment. Stay up to date with all things regulatory 👇
Continuing the GENIUS rulemaking sprint, @Paradigm filed a comment today on @USTreasury's proposed rule governing when a state regime is “substantially similar” to the federal one for stablecoin issuers. Treasury got the core architecture right, but there is room for improvement.
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Alexander Grieve retweeted
The new KPOW index from @Kalshi hasn’t gotten the attention it deserves. It’s a big deal. @Katiebiber and I wrote about how KPOW is a critical change in how information travels: a single index that let’s political info travel up from the people, not just down from elites like media institutions, consultants, and analysts. KPOW turns political power into a conversation. Markets aren’t magic, but in an era when everything is up for debate, they allow people to put their money behind their opinions. That, at least, can be one last, best, source of light in a storm.
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