Happy Wednesday, Blockfolians
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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Highly Relevant Reading
Crypto hedge fund information platform Numerai has raised another $3m including Union Square Ventures
The latest Bitcoin Core release comes with software designed to protect against nation-state level attacks
Sidechain scaling solution Matic has gone live to mainnet
Crypto exchange Coincheck has experienced a data breach
Preston Pysh tries to simplify the inflation vs. deflation debate
An interesting look at where wealth inequality fits in the overall tensions on display in protests
A Really Big Number We Should Be Paying Attention To
That’s the amount raised by Cailtin Long and Avanti - a new type of bitcoin deposit institution. Go Caitlin, Go!
The market dissonance is wild.