The most bullish AMM news today is not the official statement, but the comment letter from SEC Commissioner @HesterPeirce that went along with it “Truly decentralized systems that are driven by autonomous software… do not need need an exemption” (Aka normal permissionless Uniswap) The exemption applies to permissioned pools on Uniswap v4, creating a pathway for compliant trading in the US for assets and users where this is needed This can be incredibly useful for amm adoption, and we will be submitting a comment letter with proposed improvements

crypto is not dead just ask @WaysandMeansGOP and @WaysMeansCmte, who together voted for H.R. 10357 "Digital Asset Tax Certainty Act" in a 38-5 vote today this effort sets a strong precedent and foundation for tax treatment of crypto for American consumers and businesses The work continues, thanks to all those who voted in favor

Some stream of conscious emotions after the Clarity vote: grateful to have the job I have, to work where I do, and to wake up and do the work everyday alongside some of the best and brightest thankful for the industry coalition we built and nurtured throughout the past year + competition is healthy, but it is always encouraging to see the industry put aside its differences and pull in the same direction when it matters disappointment about the result, caring about something ultimately means disappointment if it does not come to fruition but I'd rather care than be nihilistic about our space or our politics emboldened to press on, the need for DeFi and crypto does not change based on today's vote, if anything when i look at the world around me, I see even more reason to keep fighting and building resolve to continue to advocate and advance important policy priorities including the BRCA and user choice as it relates to their financial future, ultimately pushing back against the intermediated panopticon we currently find ourselves in

Regardless of what happens today with the Clarity vote, crypto is not going anywhere I have never been more bullish on the tech underpinning our industry that will not change hold your head up high fam

Respectfully, anyone who tells you they know with certainty, one way or another, what will happen on Tues is trying to sell you something or increase their influence The truth is, we don’t know what will happen come Tues, but there has been a necessary thawing this past week, and key conversations are continuing into the weekend I understand the optimism about the innovation exemption, but we must also be realistic in our expectations One exemption is no replacement for the statutory certainty of clarity and would do nothing on the CEA front or the BRCA