Crypto lawyer, but not your lawyer. Former AscendEX/ Paxful/SEC / Tweets are mine, not legal advice, etc.
Joined September 2009
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20 Photos and videos
May 12
The Grassley/Lummis compromise on BRCA in Clarity.
An unnecessarily long 🧵
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May 12
13. Under that framing, the relevant questions become:
(1) Did the developer have the ability at design time to build in compliance capabilities?
(2) Did they affirmatively choose not to?
(3) Was illicit use a “natural and probable” effect of those design choices?
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May 12
14. The latter interpretation seems to be the reading in line with the Failla decision, which (per Sen Scott's summary) this compromise language appears designed to preserve.
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Apr 24
1. Curious how Polymarket was able to ID suspicious activity.
Consent decree bars US users. If IP tracked & flagged as Ft Bragg/NC (suspicious) it would also show P knew it was violating consent.
x.com/i/status/2047437923348…
Apr 23
Last month, we published our enhanced market integrity rules to combat insider trading.
When we identified a user trading on classified government information, we referred the matter to the DOJ & cooperated with their investigation.
Insider trading has no place on Polymarket. Today's arrest is proof the system works.
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Apr 24
2. Similar for Venezuela (other place where inside info might exist for coordinating). Banned jurisdiction.
Absent location based suspicion, then its likely pattern recognition - which starts with hunting winners.
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Apr 24
3. But once you ID a user whose trading is suspicious, without KYC you have nothing direct to go on.
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Apr 23
Judge Kaplan has the opportunity to do the most Kaplan thing in response to SBF – explain that a letter ≠affidavit & a Ryan Salame part deux with “if I pull my motion, all prior transgressions magically disappear" is just doubling down on stupid.
msn.com/en-us/news/crime/sam…
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28 Jul 2025
Interesting Sunday night motions by Roman Storm.
One seeks to have snippets of messages he sent or received (including with Dragonfly) admitted.
Tenuous legal basis but signalling the obvious - he is not going to be taking the stand in his own defense.
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28 Jul 2025
2. 2nd is full swing from the heels. Ask not only to have the entirety of the IRS agent's testimony tossed, but also a curative instruction to the jury. The instruction would say that struck bc govt late giving data so you can assume that all such data was hidden bc helpful 2 RS
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28 Jul 2025
3. No argue that data (on Lin fund tracing) shows agent got it wrong.
But bigger part is ask that strike not just Lin stuff but all testimony he gave re TORN tokens, RS laundering thru Binance account in name of another person, etc.
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