Loving this refreshing paper on the challenge of a legal framework around DeFi. We don’t even agree on how to describe what’s happening. H/t @0xMikolaj cryptofinreg.org/Bar…

SEC sued for violating the freedom of information act for failing to turn over communications relating to a regulation-by-enforcement campaign against tradfi broker dealers concerning their use of messaging apps and other “off channel” comms. Highlights the assertion this…

The SEC loses in court again, and another rulemaking is vacated. The question presented was whether the SEC had the authority from Congress under an existing statute to make the rule directed at private funds advisors. The court found that, no, it did not. The court found…

The chairman is furious, folks, just downright furious

This is what I keep coming back to on #MEV: "Despite the concerns discussed above, it is likely that MEV extraction will soon attract regulatory attention, focused not only on clear simple fraud, but also on market manipulation. Hopefully, this will be accompanied by robust…