Public markets are increasingly exclusionary, broken and inefficient. I am bullish that Bitcoin-infrastructure will have a second-order-effect of fixing this. Here are some mind-blowing stats illustrating how deep the issues are: + Accredited investor rules exclude 87% of U.S. households. + Top 10% of Americans own 89% of stocks; bottom 50% own just 1%. + IPO costs exceed $4M upfront, $1M+ annually, pricing out small firms. + Small-cap IPO volume has plummeted 92% since 1994. + Public companies dropped from 8,000 in 1996 to 4,000 today, a 50% decline. + Private equity AUM surged 470% to $12T. + Over 50% of venture capital goes to just CA, NY, and MA. + 145 IPOs in 2023 vs. 845 in 1996, an 83% drop. + Stock buybacks hit $1.2T in 2022, wages grew only 4.6%. + High-frequency trading drives 50%+ of equity volume, disadvantaging long-term investors. + 70% of equity trades in 2023 were off-exchange, reducing transparency.

We've let all the law firms we work with know, that if they hire anyone who committed these bad deeds in the (soon to be) prior administration, we will no longer be a client of theirs. Senior partners at these law firms seem unaware of the crypto industry's position on this. For instance, Milbank recently messed up and hired Gurbir. We don't work with them now (and never will while he works there). It's an ethics violation in my book to try and unlawfully kill an industry while refusing to publish clear rules. If you were senior there, you cannot say you were just following orders. They had the option to leave the SEC and many good people did. It was not a normal SEC tenure. They can go work in other areas (I don't believe in permanently cancelling people), but we as an industry should not be putting money in their pocket after the abuse. Let your law firms know that hiring these folks means losing you as a client.

1/ An investigation into the social engineering scammer Ronaldd (Ronald Spektor) who allegedly helped steal $6.5M last month from a single victim by impersonating Coinbase support.

Thank you everyone for spreading the word. We need to fight this together as a united front. If any well-known trusted parties like @cobie (sorry to drag you into this) or someone else would like to escrow defense funds, let's take this fight public. Lastly, continue to decentralize crypto & finance. In unity.

Celsius Network has officially sued me and thousands of innocent users in New York courts this week. Every single person & entity in crypto needs to be fighting alongside us against this bs. Because if we lose, it will affect every user of a cex. We are every day people who used the platform as normal, not insiders, not bad actors, and because we happened to take our money off the platform 90 days before they declared bankruptcy they are trying to clawback all those funds plus more because they are suing for June 14, 2024 market rates, not 2022 rates. WTF!! They are asking for outrageous sums of money, basically my entire net worth is what I'm being sued for, for doing absolutely nothing wrong. At first I thought this was a scam and then some shakedown, but now that the suit is actually filed, I have to spend thousands to retain an attorney. In addition, they have more than doubled the amount of money they are suing for because they changed the ask to current pricing of btc/eth vs originally asking for 2022 pricing. They are causing emotional turmoil, because they can. It's insanity. The lawyers say they are going to give the money to other users of the platform and spread it around, but that's a fucking joke, those folks will get fractions of a penny on the dollar. All of this money will go into pockets of lawyers. This lawsuit will destroy the lives of thousands of innocent people. Everyone in the industry needs to unite against this. We need to get this case tossed. @cobie @GCRClassic @zachxbt @brian_armstrong @justinsuntron @jespow These are the lawyers making everyone's life hell. Along with Cam Crews of the Celsius LOC.

A former crypto mogul will be facing justice soon. No, not SBF, @BarrySilbert 👇

1/ On the eve of SBF's sentencing, it is important to remember there are people in this space linked to the 2022 market collapse who have not (yet) been prosecuted and through their actions, continue to do harm to bankruptcy victims... @BarrySilbert.

Trump needs to come out strong and hard against the "squatters rights" bullshlit. Propose policies to end it nationwide. Hold a rally in New York and invite all the homeowners affected by these policies. This is a home-run issue that no national candidate is talking about (yet).

JPMorgan Fined $348 Million, for intentionally closing its eyes to "billions" of potentially criminal transactions in good old fiat but @SenWarren tells us it's #Bitcoin that's the problem, got it. 🫡

Guys, to celebrate the #Bitcoin all time high I'm doing a huge sale on the remaining stock of my book. 50% off all books with code ATH and 60% off translations (Spanish and Turkish available) with code MOON. Orange-pill your friends/family or get a keepsake: bullishcaseforbitcoin.com/st…

On March 6th, @DCGco tweeted a response to the @NewYorkStateAG's lawsuit alleging fraud by DCG, @BarrySilbert and @michaelmoro. It was full of corporate boilerplate and mincing of words, instead of addressing the substantive and detailed suit in plain language. 🧵👇

Here's the real truth

1/ A tale of two bankruptcies, separated by a decade, and the two men who caused them. One of them with a conscience, and the other without one (@barrysilbert). Time for a thread 🧵

Nothing to see here…please move on.

In the “bet-you-didn’t-know” category, Homeland Security Secretary Mayorkas issued written guidance making it clear that: 1. Illegal presence alone is not grounds for deportation. 2. Criminal charges, convictions or gang membership alone are not enough for deportation. You basically have to be a convicted axe murderer to be deported! That’s because every deportation is a lost vote.

RT @Excellion: Cantor Fitzgerald is one of the largest players in global equity capital and one of just 24 prime dealers authorized to trad…

1/ On January 5th, 2024, @DCGco (and @BarrySilbert) triumphantly announced it had *finally* paid off a loan due in May 2023 to its child company Genesis (now in bankruptcy). This announcement follows a pattern of deception used by Barry and DCG for over a year. Thread time 🧵

NO ONE should attend @CoinDesk and its overpriced conference. Honestly no one should be doing any business with @BarrySilbert or @DCGco at least we all knew @cz_binance was terrible for #crypto but @BarrySilbert fooled a lot of people #bitcoin $btc $eth