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1/ Always jealous of the lawyers/policy folks that do monster threads, so going to try to 🧵 for the President's WG Report (it's a 🐉 = 160 pp). Big kudos to David Sacks and Bo Hines for their tireless efforts on this. I think I start with "Let's dive in" 🪂

1/ I felt compelled to respond to the recent Financial Times Editorial Board piece, “The rise and risks of stablecoins” – its characterization of stablecoins as inherently risky is alarmist and overlooks their economic potential, when properly regulated. ft.com/content/a91824…

If you aren't holding your breath waiting for the verdict in the Storm case are you even in crypto?

lol, to be a fly in the Storm trial jury deliberation room… I want to know if they also got the ick!!!

This definition is also timely as we await the Storm verdict 👉 “He had total control — except the pools,” says the govt as they criminally prosecute a developer for being a money transmitting business even though he never held custody of any money/funds

Storm trial update: Jurors request transcripts & will head home, returning on Monday 👀

I regret the naps not taken

While some people fixate on crypto hypo’s for sanctions evasion, meanwhile: “they transfer the crude to ships bound for China, which buys 90% of Iran's oil.  … According to a congressional report…, this trade generated as much as $70 billion for Iran, propping up the regime.”

The DeFi Education Fund (DeFi Education Fund) has published a response to U.S. Senate's Digital Asset Market Structure Request for Information (RFI). The document details now non-custodial technology should be treated under the CLARITY Act. Here are some highlights from it 🧵:

*NEW* (and sorry for the Friday PM news drop!) DeFi Education Fund submitted a response to the DeFi questions listed in Senate Banking’s market structure materials. It’s thoughtful & substantive & I highly recommend you bookmark for a read 🤓

We support DeFi Education Fund's work to protect DeFi from harmful rules so the technology and innovators expanding in the U.S. can continue to grow onshore.⬇️

My Sunday night privacy & pasta with nonna >>>