Larry Florio

Larry Florio

3,710 Twitter followers

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

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Today, we submitted our response to the first 6 critical questions of the @SEC's recent request for information. Across 50 pages, we tackle the most significant and complex crypto issues with a simple, powerful principle that fits in a single sentence:

20 page strategy doc,

🧵 Big week in crypto legal news! Let’s dive in: First, the OCC clarified that national banks can now engage in crypto activities like custody, stablecoin ops, and use of blockchain tech without needing prior regulatory approval. A major shift easing past restrictions.

The OCC’s NR 2025-16 update isn’t just policy tweaks - it’s wiring the financial system for crypto Let’s unpack the linked docs that make this shift possible 👇(1/5)

Last night, the President established a Strategic BTC Reserve – locking up forfeited BTC as a permanent* national asset Some key points: - BTC recognized as “digital gold” - Agencies must transfer seized BTC to the Treasury within 30 days - No sales permitted What else? 🧵

This feels like a Soon™️ post to me

Over the past decade, the federal government sold approximately 195,000 bitcoin for proceeds of $366 million. If the government had held the bitcoin, it would be worth over $17 billion today. That’s how much it has cost American taxpayers not to have a long-term strategy.

Without falling too much into “this time is different,” token networks are (or at can be) inherently different from other assets & systems. They can have value accrual like securities, but like commodities can lack the centralized control or information asymmetries. To come

EU regulators just made a CRUCIAL call on blockchain miners/validators under MiCA – excluding them from market abuse oversight. Why? Forcing them to police transactions would break blockchain’s neutral infrastructure BIG win for credible neutrality 🧵

Your outie prefers walking around on the phone to sitting nearly motionless for hours on video calls

The Senate passes CRA resolution (with 18 Dems) to repeal the IRS DeFi Broker Rule -- heads to the House next for a vote. Good fight by folks to prevent putting the broker onus on DeFi.

@JessicaFurr305

I'm very proud to have submitted a Comment Letter on behalf of @dragonfly_xyz on the IRS's proposed broker rulemaking, which could stifle DeFi innovation. That’s why we are urging an approach that fosters growth while ensuring tax compliance 👇 https://regulations.gov/comment/IRS-2023-0041-44241…

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