Going in to meet with the SEC Task Force with some folks.
What are the biggest SEC-related frictions that projects are facing right now and how would you like to see them ameliorated?
Trump’s unprecedented invocation of emergency powers under the IEEPA to impose tariffs (and the prevailing view that courts will defer to him) calls to mind Carl Schmitt’s definition of the sovereign as “he who can invoke emergency.”
In an earlier article for @coindesk, I used the term "PolicyFi" to describe how speculative markets for memecoins can create a new form of civic engagement between citizen and state.
In the wake of the Trump memecoins, I decided to revisit that thesis and ask if we are seeing the dawn of PolicyFi.
I believe the answer is yes.
https://www.coindesk.com/opinion/2025/01/29/the-dawn-of-policyfi
Initially, I was like “why would we put government spending on the blockchain,” as Elon Musk is suggesting.
And then I remembered that the Pentagon has failed every audit for the last six years and could not account for $1.9 trillion of its budget.
Maybe it’s not a bad idea.
https://coloradonewsline.com/2023/12/06/pentagon-cant-pass-audit/
The benefits of tokenized securities include improved liquidity, fractional ownership, and faster settlement.
They will rapidly become part of the most developed and innovative capital markets in the world.
https://x.com/cointelegraph/status/1882409195905126519?s=46
The SEC statement announcing the creation of the crypto task force is worthy of a good faith public regulator.
The prior approach was not just unfair; it was also opaque, patronizing and tactical.
A silver lining of the $TRUMP and $MELANIA coins is that I’ve never seen more people engaged with how to use the viral capital aggregation mechanism of memecoins towards more constructive, philanthropic or productive ends.
That’s something I’ve been thinking about a lot.
https://x.com/mcuban/status/1881445569727758392?s=46
