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All Eyes on the U.K.: Crypto on the Thames
By Chris Lehane and Tomicah TillemannCrypto founders have spent years asking policymakers for regulatory clarity. That goal got closer this week—just not in the United States.There has been a lot of noise, finger-pointing, and posturing about crypto regulation in the wake of several high-profile meltdowns in the industry. In the absence of meaningful new legislation—a.k.a. new rules for new things—many American officials continue to pursue regulation by enforcement, a posture that’s been unhe...
All Eyes on the U.K.: Crypto on the Thames
By Chris Lehane and Tomicah TillemannCrypto founders have spent years asking policymakers for regulatory clarity. That goal got closer this week—just not in the United States.There has been a lot of noise, finger-pointing, and posturing about crypto regulation in the wake of several high-profile meltdowns in the industry. In the absence of meaningful new legislation—a.k.a. new rules for new things—many American officials continue to pursue regulation by enforcement, a posture that’s been unhe...
Taking A Long Term View of Web3
By Katie Haun and Fred Wilson The events surrounding FTX have shaken the confidence of many. How did one of the largest crypto exchanges collapse so quickly? Why do meltdowns like this seem to keep happening? At times like this, it helps to have a long-term view of web3 as a sector, not just a forward-looking long-term view, but also some perspective on where we have come from. As longtime investors in web3 and board members (also individual shareholders) of Coinbase, one of the oldest and be...
Taking A Long Term View of Web3
By Katie Haun and Fred Wilson The events surrounding FTX have shaken the confidence of many. How did one of the largest crypto exchanges collapse so quickly? Why do meltdowns like this seem to keep happening? At times like this, it helps to have a long-term view of web3 as a sector, not just a forward-looking long-term view, but also some perspective on where we have come from. As longtime investors in web3 and board members (also individual shareholders) of Coinbase, one of the oldest and be...
The State of Digital Asset Legislation Post Midterm Elections
By Tomicah Tillemann and Chris Lehane The battle for the House and Senate remains too close to call. However, it is clear that the margin of control in both bodies will be sufficiently narrow that advancing a meaningful legislative agenda will require support from Democrats and Republicans. We’ll be discussing these legislative dynamics and the current politics of web3 in a Twitter Space today with a group of political experts including former John McCain spokesperson Niki Christoff, Democrat...
The State of Digital Asset Legislation Post Midterm Elections
By Tomicah Tillemann and Chris Lehane The battle for the House and Senate remains too close to call. However, it is clear that the margin of control in both bodies will be sufficiently narrow that advancing a meaningful legislative agenda will require support from Democrats and Republicans. We’ll be discussing these legislative dynamics and the current politics of web3 in a Twitter Space today with a group of political experts including former John McCain spokesperson Niki Christoff, Democrat...
Our Response to the Treasury Department’s Request for Input from Web3
By Tomicah Tillemann, Chris Lehane, and James Rathmell Yesterday, we submitted extensive comments in response to a request for input from the Treasury Department. The agency is looking for help figuring out how to support the development of digital asset technology without enabling bad actors. As a reminder, an Executive Order issued by the White House in March assigned the Department responsibility for quarterbacking elements of the government’s broader web3 strategy. To date, much of the ag...
Our Response to the Treasury Department’s Request for Input from Web3
By Tomicah Tillemann, Chris Lehane, and James Rathmell Yesterday, we submitted extensive comments in response to a request for input from the Treasury Department. The agency is looking for help figuring out how to support the development of digital asset technology without enabling bad actors. As a reminder, an Executive Order issued by the White House in March assigned the Department responsibility for quarterbacking elements of the government’s broader web3 strategy. To date, much of the ag...
New Rules for a New Thing: A Petition for CFTC Rulemaking on DAO Participant Liability
The CFTC’s recent enforcement action against Ooki DAO is the latest example of why regulation by enforcement is bad for the rule of law. Everyone should want more responsible governance in web3, not less. DAOs represent a new democratized model for governance—one that empowers community participants to actively engage in collective decision-making and better align stakeholder interests. DAOs help unlock a decentralized and economically distributed framework for technology development. Rather ...
New Rules for a New Thing: A Petition for CFTC Rulemaking on DAO Participant Liability
The CFTC’s recent enforcement action against Ooki DAO is the latest example of why regulation by enforcement is bad for the rule of law. Everyone should want more responsible governance in web3, not less. DAOs represent a new democratized model for governance—one that empowers community participants to actively engage in collective decision-making and better align stakeholder interests. DAOs help unlock a decentralized and economically distributed framework for technology development. Rather ...
