1/ As a crypto lawyer, I’ve craved a regulatory environment that welcomes disclosure & transparency -- core tenets of consumer protection & the crypto ethos. Today the @jito_sol Fnd published a report taking these tenets head on in re JitoSOL, an LST. jito-labs.ghost.io/content/f…

One of the most underfollowed ppl on here is @teddyfuse. Incredible human and really good tweets. That’s my follow Friday.

We ask every guest that comes on @CryptoAmerica_: What does crypto in America mean to you? Here's a compilation of 25 of their answers:

Permissionless systems can be best products. If it’s permissionless to participate in every part of the stack, and the protocol is designed around real time competition for every part of the stack, then the result will lead to the best possible product. It’s just f’ing hard to make sure adversarial participants can’t screw or up for everyone else. Solving these challenges is worth it because the big pot of gold is going to be won by the protocol that can single handedly provide markets for everyone and everything on the planet.

DeFi cannot be open and free if there is a centralized third party with protocol-level power to exclude users at will based on a discretionary determination of “risk.” Few if any onchain compliance tools in the market today even attempt to address this core issue. As for voluntariness, sure, if people want to over-comply beyond what the law requires, they’re free to do so. But in most cases, those decisions are driven by fear of enforcement due to regulatory uncertainty, or else there would be no business case for it. And in reality, the conversation about “protocol-level compliance” right now isn’t about voluntary standards, it’s about compromising on true DeFi by forcing developers to build these tools into their protocols (as DOJ argued Roman Storm should have done in Tornado Cash). We must all vigorously oppose ideas like these.

This is why we're here. DeFi is individual liberty expressed in code. DeFi is power for the people. If you want to write software that does something else, like give more power to the banks or to the government, have at it. Just don't call it DeFi.

Just so there's no confusion, life, liberty & the pursuit of happiness are cypherpunk values. DeFi - in its purest form - embodies these values. Don't waver.

We’re kicking off DEF’s educational DeFi demo series with a 101-level walkthrough from Policy Lead @glzavatone. ✏️✏️ Learn how to trade digital assets using a crypto wallet and decentralized exchange. Watch the first module here: piped.video/watch?v=NPkTzbVd…

🚀 DEF’s fully redesigned brand and website is live today. DEF is the bridge between DeFi and public policy, and we built a cleaner, more intuitive, search-forward website for those looking to dig into DeFi policy. (Link below)

17 years after the white paper, the Bitcoin network is still operational and more resilient than ever. Bitcoin never shuts down. @SenateDems could learn something from that.

17 years since some anon dropped a banger on the cypherpunks. ~13 years since I started working on crypto law and policy. 4.5 years at MCC. We’ve all got a lot more to come. Thanks Satoshi.

You can just do things @millercwl @yelennyy @thecolinmclaren #lurkerPhilChang @RebeccaRettig1. Thanks for the amazing show @BitwiseInvest @NYSE!

A protocol can either be: 1⃣ autonomous, credibly neutral and censorship resistant; or 2⃣ capable of dynamic risk scoring to combat illicit finance. It cannot be both because Option 2 requires delegating gatekeeping powers to an oracle. Option 1 is DeFi. Option 2 is not.

Wall Street can attest: Big day for Solana.

Solana Wall Street takeover 🔥

Regulating autonomous blockchain protocols is not a viable solution — it would kill the technology. Autonomous code cannot comply with competing subjective regulatory requirements across the globe without adding intermediaries, thereby defeating the purpose of the tech.

If this gets 100 RTs we’ll wrap the New York Stock Exchange facade in a Solana banner tomorrow. Promise.

I’ve told this story before, but the reason I discovered @jito_sol was because of a report that @whosknave did for @Blockworks_. I literally owe them for making this connection. C’mon community, let’s take care of our own.

Institutions can now access liquid staking on Solana. BitGo has added support for @jito_sol, the leading liquid staking token powering Solana’s MEV ecosystem. Hold and manage JitoSOL directly from custody or self-custody wallets, backed by BitGo’s trusted security and infrastructure.

Building in crypto isn't always about shipping product, it can also be about delivering institutional grade services on highly connected networks. @jito_sol continues to deliver, adding the incredible @BitGo team to the JitoSOL infrastructure ecosystem. We are grateful to all of our partners who provide the reassurance to institutions of all sizes that JitoSOL has the foundation for asset allocation strategies of all shapes and sizes. The feedback loop is significant - once others see who have signed on, it's easier to get the internal buy-in to go with the market leader. We're building a complex system with lots of interlocking gears, welcome to the newest piece!

Sad to report that I was impacted by Blockworks’s decision to shut down its news division. I joined the team as a founding reporter in 2021 & I’m proud of what we accomplished over the past few years. Media is an undeniably challenging business, but journalism is indispensable, especially when it comes to an emerging industry like crypto. I’m hoping to continue to work in this space, my DMs are open for any leads on new opportunities.