CLO/COO @AlgoFoundation; former federal prosecutor; tweets = own views, not legal advice.

Joined July 2024
23 Photos and videos
The CLARITY Act is on the Senate calendar, waiting for leadership to schedule a floor vote. It needs 60 votes before August recess. No date set yet. Clock is ticking. My latest in @PaymentExpert šŸ‘‡ @AlgoFoundation @Algorand #algo #algofam paymentexpert.com/2026/06/09…
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🧵 1/6 The CLARITY Act cleared Senate Banking and its real progress. After 10 months of stalls and backroom fights, the most important crypto market structure bill in US history is moving. But the next 90 days are where this actually gets decided. Here’s what you need to know.
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5/6 Next steps: → Banking Agriculture Committees merge their bills (no timeline set) → Ethics/conflict-of-interest language gets resolved… somehow → Full Senate floor vote → Then reconcile with the House version Yesterday was real progress. But the hardest negotiation (the one involving presidential self-interest) still remains.
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6/6 The bill itself is good; not perfect, but good. It gives clear jurisdictional lines, developer protections, and a path to commodity classification for decentralized networks like Algorand. I hope we can get it across the finish line šŸ¤ž @AlgoFoundation #algorand algorand:native #algofam
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1/ The SEC’s issued a staff statement today clarifying when DeFi user interfaces need broker-dealer registration. Here’s what it says and why Algorand builders should care. 🧵
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6/Why it still matters for Algorand builders: if your dApp interacts with any tokenized asset that could be characterized as a security, these conditions define the line between building freely and triggering registration requirements.
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7/ This is a staff statement, not a rule. It takes effect today and lasts through April 2031 unless changed. The comment period is open. Worth submitting if your project is affected.
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🧵 Big step forward in yesterday’s SEC token taxonomy guidance. Clear statement: ALGO is not a security. And it doesn’t matter where it appears. The substance is what counts. And to all those freaking out that AlGO was ā€œonlyā€ mentioned in a footnote, a careful read of the guidance clearly shows that the footnote isn’t burying ALGO - it’s broadening the rule: The SEC used futures-linked tokens as examples in the body of the text, but made clear that’s not the test. That’s exactly where ALGO comes in šŸ‘‡ ALGO is cited to show a token can be a digital commodity without underlying a futures contract. In other words: •Commodity status ≠ dependent on futures markets •ALGO qualifies on its own merits That’s a substance-based classification. And importantly, it’s stronger. And that’s exactly why the placement doesn’t diminish the impact. It actually clarifies and strengthens the reasoning behind the classification. @AlgoFoundation #algo #algofam
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This is really important. The GENIUS Act was a rare bipartisan win. Now big banks want a do-over to eliminate competition by blocking third-party rewards. Let regulators implement the law. We can’t undo a hard-won compromise.
The Algorand Foundation signed onto a letter alongside 125 companies and organizations urging Congress to defend the GENIUS Act as written. Lawful stablecoin rewards are pro-consumer, pro-competition, and already permitted by law. Rewriting GENIUS now would undermine certainty and innovation.
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šŸŽ™ļø Had a blast on Block & Order with @MoishPeltz & @Kyle_M_Lawrence from @BAndOShow! We talked #Algorand, regulation, and what’s coming next šŸ‘€ Watch here šŸ‘‰ m.youtube.com/watch?v=jjrUKq… @AlgoFoundation #AlgoFam $ALGO
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