6 recent "small wins" from the crypto industry today:
1/ SEC wants 120 days to respond to
@coinbase's rulemaking deadline. Shows the SEC is stalling and felt cornered.
2/ Judge ruled the SEC can't shut down
Binance.US and asked both parties to compromise on a solution.
3/ Hinman's emails revealed the SEC didn't follow through on the path he opened for allowing some tokens to be classified as non-securities. Showed he had tacit approval, but no follow-up.
4/
@FinancialCmte hearing on Clarity in Digital Assets went well &
@GOPMajorityWhip revealed that Gary Gensler told Congress last year he needed legislation to regulate the digital asset industry, yet this year he's saying he doesn't need it. Oopsy on that one.
5/ 2018 Gary Gensler video surfaced with him saying BTC, ETH, Litecoin & Bitcoin Cash are not securities.
6/ And last week,
@CaitlinLong_'s Custodia Bank's was allowed to pursue Fed supervision membership via other channels despite the Federal Reserve's objections.
Is the SEC blinking? Maybe. Is the US industry winning? Maybe. Small wins matter. I wouldn't count the chickens yet, but this all points that the industry's fight is worthy.