Crypto Mom Is Coming Back For Round 2

Plus Matic mainnet goes live and a new update to Bitcoin Core

Happy Wednesday, Blockfolians

The Lede

One of the crypto community’s strongest public advocates, SEC Commissioner Hester Peirce, has been nominated for a second term. Her current term is set to expire on June 5th. The nomination must be confirmed by the Senate.

One of Peirce’s key positions is advocating for safe harbor rules. Effectively, these rules would give more time for crypto startups to get into compliance with SEC rules and regulations. Specifically, they would have a three year grace period from their token sale to status determination with the SEC. Peirce has also been a frequent dissenting voice around a bitcoin ETF.

Here’s hoping for a swift confirmation!

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Community Commentary

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A Really Big Number We Should Be Paying Attention To 

$5,000,000

That’s the amount raised by Cailtin Long and Avanti - a new type of bitcoin deposit institution. Go Caitlin, Go!


Final Thought

The market dissonance is wild.