Great reporting by @EleanorTerrett. The establishment hostility to crypto pre-Trump was really hostility towards to permissionless networks. For example, the Basel capital rules were punitive, but only with regard to crypto assets on open networks. Much of the US political attack against crypto - including the hostility of tradfi leaders - was aimed at open networks. Kudos to @USComptroller and the @USOCC for taking a stand for tech neutrality, democratized networks and economic freedom.

Eleanor Terrett
@EleanorTerrett
03-06
🚨NEW: Interesting nugget in the @USOCC/@federalreserve/@FDICgov FAQ on capital treatment for tokenized securities (which they say should be treated the same as non-tokenized securities).
Under the Biden administration, regulators often treated permissionless blockchains as x.com/usocc/status/2…

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