Acknowledging the passing of Roberta Karmel, the first female SEC Commissioner who served from ‘77-‘80. In her book, “Regulation by Prosecution,” she bravely encouraged companies to fight back against the SEC’s bullying by enforcement tactics. Roberta - we hear you still.

.Senator Cynthia Lummis and Sen. Kirsten Gillibrand continue to advance crypto policy with their draft stablecoin bill. There is much left to be done, but great to also see others in Congress now engaging positively with crypto regulation.

Innovation is not (and should never be) partisan.

Seeing some confusion on next steps with the SEC vs. Ripple case. To clarify - Ripple will file its response to the SEC’s request for penalties by April 22 and the SEC has until May 6 to reply. There is no final pretrial conference because the SEC dismissed the charges against

Has the U.S. registered its “National Geospatial Ecosystem” with the SEC?

Yesterday, in the Sup. Ct., when pressed for a limiting principle between a “bribe” and a “gratuity,” the gov. said “trust us” not to prosecute cases unfairly. When told that the gov.’s promise of good faith wasn’t good enough, the question was repeated: “Where’s the line?”

The SEC continues to lose. The Second Circuit Court of Appeals refused to reconsider their decision in Govil which held that if a buyer suffers no financial loss, the SEC is not entitled to disgorgement from the seller.

I don't know anything about this case, but it seems that other agencies in the US - - here (like SBFraud) the DOJ - - can adequately police crypto fraud without dragging everyone into the SEC's political quagmire.

justice.gov/usao-sdny/pr/h…

7 years after the DAO report -- which the SEC claims provided clarity to crypto -- the SEC is still litigating 8 major crypto cases in federal courts with no end in sight. Something’s broken.

A quick knock out punch would have been nice, but at the end of the day, the wheels of justice move slowly, eventually siding with the good guys. The CB Judge gave the SEC the benefit of doubt at this early stage - as she must. This is far from over.