Larry Florio

Larry Florio

3,710 Twitter followers

Follow

general counsel @1kxnetwork // co-founder @thing3_xyz // summoner @hydraventures_

Posts

One bonus thing this approval leaves completely unaddressed: how tokenized securities interact w the UCC & commercial law Article 8, perfection of security interests, what constitutes "control" over a tokenized security are all unaddressed here (which also kind of makes sense since it's a state law issue, not directly an SEC issue) and it matters enormously for institutional adoption @propelforward @Prof_CarlaReyes and many others have been raising these questions for a while. They're still open questions and we need to address them at some point. As with my hope for how SEC regs around tokenized securities land on more cryptonative approaches, I hope the UCC does the same and doesn't slap a new coat of paint on the same set of standards.

The SEC just approved tokenized securities trading on @NasdaqExchange, first nat'l exchange to get the green light The headlines will start flying about how groundbreaking this is, but I think there's some nuances worth thinking about too 🧵

Along with the formal release, and timed perfectly with the @ChairmanSelig @SECPaulSAtkins keynote fireside at @_DigitalChamber's DC Blockchain summit, official statement from Chair Atkins on this sec.gov/newsroom/speeches-stat...…

red hot off the RSS feed: SEC Crypto Guidance including a token taxonomy, how non-securities tokens interact with the Howey test, mining, staking, airdrops, and wrapped assets 🔥 the full release is 70 pages so will take a little to run through, but have fun!

red hot off the RSS feed: SEC Crypto Guidance including a token taxonomy, how non-securities tokens interact with the Howey test, mining, staking, airdrops, and wrapped assets 🔥 the full release is 70 pages so will take a little to run through, but have fun! sec.gov/newsroom/press-release...…

The CFTC just gave @phantom a no-action letter to offer derivatives trading through its wallet w/o registering as an introducing broker. It does a great job balance regulatory goals & commercial realities This is a big unlock for self-custodial crypto wallets 🧵

CFTC's Division of Market Oversight just issued its first substantive guidance on prediction markets & event contracts Another breath of fresh air as we get a regulatory playbook that's both pro-growth framing & a reminder of existing obligations. Here are the key points 🧵

The US is the only advanced market that splits primary market regulation between two agencies. That has real costs, with duplicative registrations, parallel exams, and conflicting guidance. Better SEC-CFTC coordination is one of the highest-ROI regulatory reforms available.

Eleanor Terrett

@EleanorTerrett

🚨NEW: Speaking at the flagship futures industry conference in Boca Raton, FL, @SECPaulSAtkins is laying out more details on the @SECGov and @CFTC’s push for regulatory harmonization. Lots to unpack in this speech: 1. Atkins declared the “regrettable era of duplicative

Kraken Cracks the Fed, Agencies Take Lead on Crypto Guidance with @JonathanJachym and @larryflorio /i/broadcasts/1RJZzjwwzkXJB

He brings 3 partners and 12 associates to the call, but he’s off camera and they’re sitting quietly in his office so you don’t know until you get the bill

Loading..