Prof of Forensic Accounting & Corporate/Securities/Banking Law, Expert Witness, Crypto Policy Ninja
United States
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When you hire Veritas Financial Analytics as your policy consultant, your enemies become my enemies. veritasanalytics.net
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BlockProf retweeted
My iPhone got stolen. The thief plugged it in to charge.
That second, the front camera took a photo and emailed it to me with the exact GPS location.
Not a third-party app. A built-in automation I set up in 5 minutes using the Shortcuts app that comes on every iPhone.
The thief's face. The address where my phone was charging. In my inbox. Before the thief even unlocked the screen.
I showed the photo and location to the police. They recovered the phone the same day.
A cybersecurity consultant who sets up this automation for every client said: "This is the most effective anti-theft setup on any smartphone and 99% of iPhone users have never configured it. It takes 5 minutes. It uses the Shortcuts app that's already on your iPhone. It runs silently. And it catches the one thing every thief eventually does: plug the phone in to charge."
He showed me 9 more iPhone anti-theft features most people never activate Stolen Device Protection, Find My network tracking, Activation Lock, Lost Mode, a trigger-word automation that works from any phone, and 4 other settings that make a stolen iPhone nearly useless to a thief and nearly guaranteed to come back to you.
"Every iPhone has a $1,000+ anti-theft security system built in. Most owners have configured zero of it. They lose the phone. They panic. They wish they'd spent the 15 minutes it takes to set everything up. Don't be that person."
Here's the complete anti-theft setup step by step 🧵
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STRONG AGREE
🚨 Sylvester Stallone Goes Off on the U.S. Engaging in Foreign Wars
“Now I realize all war is futile. It's stupid. It's a mechanism to make tons of money for the War Department and its manufacturers. These kids just going out there into a grist mill, being chopped up — and then when they come back with no arms, ‘Oh sorry, you're on your own.’ I hate it and I'm bitterly opposed to it.”
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BlockProf retweeted
Some bangers from the SEC today:
1) buybacks do not make a commodity token into a security
2) liquid staking tokens for commodities are not securities
sec.gov/about/divisions-offi…
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If someone wrongs me but sincerely apologizes, instant forgiveness. If I see you bully someone powerless, or you pretend friendship and betray me, I will nourish a grudge and plot your demise for a decade or more.
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DTCC's entire business is being a ledger. Fundamentally, they compete with L1s like Ethereum and Solana--at most, what they are doing in crypto could be seen as adding some bridges, like Solana having an Ethereum bridge or vice versa, or APIs, like a totally centralized bank being gracious enough to offer a heavily permissioned and expensive API into the bank.
Ethereum and Solana should view DTCC and similar intermediaries like Broadridge as competitors, to be disrupted and destroyed by a superior, fully peer to peer technology.
Ethereum people simping for DTCC to "tokenize on Ethereum" means asking DTCC to mint on Ethereum receipt tokens representing claims back on DTCC's ledger, which remains definitive in all respects. This would be like Solana people begging for assets to be tokenized on Ethereum and then bridged to Solana--fundamentally a very cucked mentality.
Made with AI
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BlockProf retweeted
When you hire Veritas Financial Analytics as your policy consultant, your enemies become my enemies. veritasanalytics.net
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BlockProf retweeted
“Under this statement, the SEC is all but admitting that the LBRY case and many others should have never been brought.”
He’s probably seen it already but JIC, cc @jeremykauffman
While just a staff statement/not binding, the SEC's FAQ released today is one of the most significant they have done to-date related to application of securities law (or lack thereof) to most digital assets.
Two things in particular:
1. Promote your network’s utility? Not an IC promise! Promote potential utility? Not an IC promise, so long as you aren’t promoting profit. Keep building and improving a functional network? Not “essential managerial efforts.”
Under this statement, the SEC is all but admitting that the LBRY case and many others should have never been brought and were wrongly decided by the lower courts who heard them.
2. The SEC now says announcing a buyback for a functional network does NOT constitute essential managerial efforts.
Compare that to the prior SEC, where statements about token value, supply, and issuer incentives were central to enforcement theories.
LOVE TO SEE IT! Will be working to turn these statements into binding rulemaking, but this is insanely bullish for the digital asset community and cause for celebration.
FAQs here: sec.gov/about/divisions-offi…
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BlockProf retweeted
Knowing that none of these overseas targets enjoy the right to possess firearms makes these people very soft targets for opportunistic wrench attackers.
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Remind me the name of the SEC counsel in the LBRY case again? And why don’t we name and shame SEC enforcement lawyers and prosecutors who abuse their power to bully people more often?
“Under this statement, the SEC is all but admitting that the LBRY case and many others should have never been brought.”
He’s probably seen it already but JIC, cc @jeremykauffman
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BlockProf retweeted
based. EA doomercult absolutely sidelined
There seems to be two adminstration policies taking shape now:
Developers and management are responsible for agents actions, agents cannot be blamed.
And
If you want to pace development, go ahead and place yourself as much as you like, but don't tell anyone else what to do.
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Privacy is normal.
The @BBCNews reports that a #reward of up to £10,000 is being offered for information after a young couple were attacked in their home and forced to transfer a substantial amount of #cryptocurrency.
The husband suffered significant injuries, and his pregnant wife was threatened with a knife. Police believe the attack may have been planned and targeted.
The case comes just one day after we shared @Gart_io's latest report on physical attacks involving #crypto. Across the 305 cases examined, at least 47.2% involved confirmed violence or torture. It is a difficult reminder of the human consequences behind these crimes.
If you have information that could help, contact @CrimestoppersUK anonymously on 0800 555 111 or through its website. The reward applies to information given exclusively to Crimestoppers that leads to the arrest and conviction of those responsible.
CryptoUK has been raising awareness of this risk for some time. Our webinar with the @metpoliceuk — The Wrench Attack Phenomenon: Are High Value Asset Crypto Users Being Targeted? — a link for which you can find below, explored the physical-security risks facing crypto holders and the threat posed by coercion.
Please stay vigilant and protect your personal information.
🔹 Read the full BBC report: bbc.co.uk/news/articles/c60q…
🔹 Read the Gart report: gart.io/stats
🔹 Watch our Metropolitan Police webinar: piped.video/7IlNxs2FBV0
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BlockProf retweeted
@SummerMersinger thank you for your leadership! We would have never gotten as far as we did without you.
I've spent the past year and a half leading the Blockchain Association through one of the most consequential periods in its history. I'm incredibly proud of what our team accomplished together, especially in navigating a challenging and rapidly evolving environment for the industry. Together, we saw the GENIUS Act become law, held more than 300 Congressional and agency meetings, and, for the first time, the industry will have clear rules of the road thanks to the work we’ve done with the SEC, CFTC, and this Administration. Those achievements belong to an extraordinary team, and I remain deeply grateful for their talent, commitment, and trust.
I'm proud of the work we did together, and I'll be sharing more about what's next for me in the near future.
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BlockProf retweeted
Today, the @SECGov released new FAQs on the application of the federal securities laws to crypto assets. The guidance gives developers and builders greater room to build, develop, and decentralize blockchain networks and DeFi systems in the United States.
Q2.3 makes clear that once a crypto system is functional, ongoing maintenance, upgrades, development funding, improvements, and efforts to grow network effects do not constitute “essential managerial efforts” under Howey.
Q2.4 goes even further: once a functional crypto system has no central party, statements by the issuer relating to the system likely would not create a new investment contract because no person controls the system in a way that determines its success or failure.
This is a MAJOR step forward for builders of blockchain networks and DeFi systems, and a huge validation of arguments talented lawyers have been making for years about decentralization, ongoing development, and the application of the securities laws to decentralized technology.
Link to FAQ here: sec.gov/about/divisions-offi…
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BlockProf retweeted
The LBRY case was one of the worst examples of SEC overreach in crypto. I have always hated that case/ruling. So did @HesterPeirce, who dissented and quoted me in that dissent.
Love to see the SEC starting to correct those wrongs with todays FAQ! sec.gov/newsroom/speeches-st…
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BlockProf retweeted
It's been a privilege to work alongside and learn from @SummerMersinger for the past year and a half. She delivered the GENIUS Act, real clarity at the SEC and CFTC, and record engagement across Washington. A true powerhouse, bringing credibility, grit, and results to @BlockchainAssn.
I've spent the past year and a half leading the Blockchain Association through one of the most consequential periods in its history. I'm incredibly proud of what our team accomplished together, especially in navigating a challenging and rapidly evolving environment for the industry. Together, we saw the GENIUS Act become law, held more than 300 Congressional and agency meetings, and, for the first time, the industry will have clear rules of the road thanks to the work we’ve done with the SEC, CFTC, and this Administration. Those achievements belong to an extraordinary team, and I remain deeply grateful for their talent, commitment, and trust.
I'm proud of the work we did together, and I'll be sharing more about what's next for me in the near future.
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