20 aprilie 2022 / Unchained Daily / Laura Shin

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Biți zilnic 

• LUNA is galopante, with UST beming the third-largest stablecoin and Terra buying a significant portion of Convex (CVX) tokens.

• DeFi OG Andre Cronje is back – and he is de lucru on building out “regulated crypto” applications.

• Compound might be șanț its reward mechanism for yield farmers.

• Decentralized staking service Lido (which is covered in-depth in the recommended reads section) voted to aloca $6 million in LDO tokens to support Ethereum development.

• Crypto investment funds saw their second week of ieșirisăptămâna trecută.

• Blockchain.com is planificare on going public in 2022.

• Bitfinex temporarily închide trading on Tuesday.

• okcoin a anunțat an NFT marketplace that will offer zero fees for Ethereum, Polygon, and other blockchains.

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Astăzi în Crypto Adoption...

• Australia’s first bitcoin ETF is set to be enumerate saptamana viitoare.

• The IMF issued a warning that Russia could use crypto mining to sustrage sancțiuni.

• CEO-ul Block este Jack Dorsey dezinteresați in building products on Ethereum due to the network having, in his words, “many single points of failure.”

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Colțul $$$...

• Sandbox este relatărilor raising a $400 million funding round at a valuation of $4 billion.

• Venture-cadru dezvaluit a $400 million fund to invest in blockchain gaming.

• CoinDCX, an Indian crypto exchange, ridicat 135 de milioane de dolari la o evaluare de 2 miliarde de dolari.

• BlockApps, an enterprise blockchain firm, ridicat $ 41 milioane.

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Ce este Poppin '?

Crypto Comments

On January 26th, the SEC propus a rule that would expand the definition of “exchange” and “Alternative Trading Systems” in a way that could affect the crypto industry – despite not mentioning crypto or DeFi once in its 200 pages. On March 18th, the proposal was publicat in the Federal Register, opening up the proposal to 30 days for public comment – which ended yesterday.

Overall, the SEC received Litere 163 from traditional and crypto entities. Various crypto-heavy hitters like Coin Center, Blockchain Association, a16z, DeFi Education Fund, Paul Grewal (the chief legal officer of Coinbase), Delphi Digital, and ConsenSys each expressed discontent with the proposal this week, cutting it quite close to the 30-day deadline.

Coin Center’s Peter Van Valkenburgh scris one of the more poignant letters of comment. “The Commission’s proposed redefinition of “exchange” violates the First Amendment by requiring a license to speak–even of open source developers,” Van Valkenburgh explained. “The effect of the definition on open source software developers is nonetheless clear: anyone writing or distributing DEX software would be violating the law if they don’t register.”

Delphi Digital’s Gabriel Shapiro also had ascuţit words for the SEC. “The proposal will give rise to an anti-competitive regulatory moat…If imposed on AMMs, this securities exchange regime would create impossible regulatory burdens (such as FINRA registration) on open-source software devs, while ironically completely failing to address AMMs’ actual risks.”

Shapiro went on to explain that crypto technology, such as AMMs already addresses issues such as “fair access, public pricing, [and] auditability” due to the inherent, public nature of blockchains.

As for what can be done to rectify the situation, many entities, like ConsenSys, are calling on the SEC to narrow the definition of a “securities exchange” to exempt crypto protocols:

“Moreover, the proposal does not mention cryptocurrency, blockchain, or decentralized finance, let alone explain how the rigorous requirements of the ’34 Act could sensibly be applied in the blockchain context. We certainly would never expect or be inclined to believe the Commission would take the extraordinary step of covering blockchain-based systems without meaningful notice or consultation. Nevertheless, for the sake of providing regulatory clarity for the burgeoning blockchain sector, we urge the Commission to declare expressly that blockchain-based networks do not fall within the scope of the amendments at issue here.” 

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Citiri recomandate

1. CoinDesk’s David Z. Morris on The Cryptopians:

2. Sure Sats on why Ethereum’s largest staking service could pose a threat to the network’s decentralization:

3. Tascha Che on what L1s need to learn from nation-states:

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Pe pod ...

Why Crypto Twitter’s Disrespect Toward Regulators Is a ‘Really Bad Business Decision’

Doi experți în politici, Chris Lehane, director de strategie la Haun Ventures, și Niki Christoff, fondatorul Christoff and Co., discută despre modul în care industria criptografică a funcționat la Washington și cum poate educa mai multe autorități de reglementare și politicieni despre tehnologie. Afișați cele mai importante momente:

• Niki and Chris’s background

• cum ar evalua Niki și Chris performanța companiilor cripto din Washington

• ce paralele poate face Chris între cripto în anii 2020 și FAANG la mijlocul anilor 90

• indiferent dacă existența unei multitudini de grupuri de politici cripto ajută sau dăunează cripto în Washington

• indiferent dacă numirea politicienilor și autorităților de reglementare și a face meme din ei ajută sau dăunează industria cripto

• un mod eficient prin care companiile cripto pot determina legislatorii și autoritățile de reglementare să acorde prioritate politicii cripto

• de ce poate fi mai inteligent din punct de vedere strategic să încerci să-i convingi pe titulari să adopte o politică pro-cripto în detrimentul sprijinirii contestatorilor

• de ce Chris crede că cripto ar putea fi un subiect bipartizan

• ce cred Chris și Niki despre faptul că candidații democrați au primit mai multe donații de la oameni care lucrează în industria cripto, decât au primit republicanii

• cele trei tipuri de utilizatori cripto care sunt valoroși pentru candidații politici

• ce i-ar spune Niki și Chris senatorului Elizabeth Warren despre cripto, dacă s-ar întâlni cu ea astăzi

• ce efect ar putea avea cripto-ul pe termen mediu

• de ce terminologia nativă pentru cripto poate fi nevoită să se schimbe

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Actualizare carte

O puteți achiziționa de aici: http://bit.ly/cryptopians

Mesaj De ce fiecare companie criptografică scrie SEC a apărut în primul rând pe Podcast neîncadrat.

• Coinsmart. Cel mai bun schimb de Bitcoin și Crypto din Europa.
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• Source: https://unchainedpodcast.com/why-every-crypto-company-is-writing-to-the-sec/