Friday, September 03, 2021 5:17:05 PM
https://www.wsj.com/articles/regulators-investigate-crypto-exchange-developer-uniswap-labs-11630666800
Uniswap becomes the SEC’s latest target as the regulator initiates an investigation into the world’s largest decentralized cryptocurrency exchange. https://t.co/TBiGOYt5XG
— Cointelegraph (@Cointelegraph) September 3, 2021
I have personally received airdrops of crypto assets via Uniswap.
My thoughts on this important part of cryptoeconomics:
How is Uni the bad guy? Isn't that who the SEC is supposed to go after? Protect and serve.
— Ron Dior (@rondior) September 3, 2021
SEC reportedly investigates decentralized exchange #Uniswap https://t.co/adZMMA9tQM
💯 we have law enforcement agencies @TheJusticeDept who go after the bad guys. @SECGov is political commission not law enforcement agency. Politically @SEC_Enforcement is supposed to go after everyone who doesn’t pay the right helpers or who sells financial instruments in public.
— JasonCoombs.CEO❤️🤓💰 (@JasonCoombsCEO) September 3, 2021
The U. S. Securities and Exchange Commission (SEC) has a three-part mission: Protect investors. Maintain fair, orderly, and efficient markets. Facilitate capital formation.
— Ron Dior (@rondior) September 3, 2021
The SEC have become nothing but hired thugs for a 200 year old financial system.
They believe missions accomplished via enforcement of the Rules they create (per 1933 Securities Act/1934 Exchange Act) starting with requirement ALL investment offers (including resale offers by HODLers through secondary markets) are registered or enjoy a registration exemption.
— JasonCoombs.CEO❤️🤓💰 (@JasonCoombsCEO) September 3, 2021
To fix this problem we must get Congress to revise their mission.
— JasonCoombs.CEO❤️🤓💰 (@JasonCoombsCEO) September 3, 2021
Equity crowdfunding didn’t bring a structural change, crypto did.
The U. S. Securities and Exchange Commission (SEC) has a three-part mission: Protect investors. Maintain fair, orderly, and efficient markets. Facilitate capital formation.#uniswap allows individuals to swap one crypto for another, period! How is that a threat to anyone?
— Ron Dior (@rondior) September 3, 2021
💯 For 100s of years the financial system profited by pushing prices down short-term on financial instruments issued by 99% of issuers, pumping prices up on everything long-term inflating money supply. Regulators consider it fraud if the price of newly-issued assets only goes up.
— JasonCoombs.CEO❤️🤓💰 (@JasonCoombsCEO) September 3, 2021
@Uniswap is not decentralization theater. It’s true decentralization. It’s been ethical since day 1. Literally no one is complaining about deception/fraud.
— Sam Kazemian (¤, ¤) (@samkazemian) September 3, 2021
If Uniswap is afoul of US law, the law needs to change, not Uniswap. This is a good time to rethink unethical laws.
💯 AGREE WITH YOU 💯
— JasonCoombs.CEO❤️🤓💰 (@JasonCoombsCEO) September 3, 2021
However, a “decentralized common enterprise” that promises to reward HODLers by their effective % ownership of the market value of financial instruments created in name of that enterprise is still a “common enterprise” subject to laws that aren’t going away.
Then those laws need to change entirely to reflect the reality of the world people want to live in. No one has had a problem with Uniswap like they have with Bitconnect for example. Laws are meant to serve society. Society isn't a slave to its outdated, unethical laws.
— Sam Kazemian (¤, ¤) (@samkazemian) September 3, 2021
A simple Rule change solves this
— JasonCoombs.CEO❤️🤓💰 (@JasonCoombsCEO) September 3, 2021
Allow unrestricted P2P trading of unregistered securities
This means DO designate all crypto assets that have secondary market prices via DEX/CEX to be “securities” and DO NOT prohibit DEX trading but DO require CEX to register as SECs exchanges
@Uniswap A simple Rule change solves this Allow unrestricted P2P trading of unregistered securities This means DO designate all crypto assets that have secondary market prices via DEX/CEX to be “securities” and DO NOT prohibit DEX trading but DO require CEX to register as SECs exchanges
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