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#fit21 — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #fit21, aggregated by home.social.

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  1. Good explainer from #TheAtlantic about the coming end to all financial regulation in the US via #crypto.

    > "If #Congress passes #FIT21 it would invent a novel asset class called 'digital commodities' - in essence, any financial asset managed on a blockchain. Digital commodities would be exempted from #SEC oversight. In the FIT21 bill any firm or person can self-certify a financial product as a digital commodity. The SEC would have only 60 days to object. This is a loophole big enough to fit an investment bank through"

    > "Wall St is talking up "tokenization" meaning putting assets on a digital ledger. The putative justification is capital efficiency. [The real] justification is regulatory arbitrage: Investments on a blockchain would move out of the SEC’s purview & be subject to fewer disclosure, reporting, consumer protection, [#moneylaundering etc. rules]"

    archive.ph/iD2vy#selection-111

    #uspol #Uspolitics #Trump #finance #banks #markets #corruption #cryptocurrency #economics #CFTC #finreg

  2. Good explainer from #TheAtlantic about the coming end to all financial regulation in the US via #crypto.

    > "If #Congress passes #FIT21 it would invent a novel asset class called 'digital commodities' - in essence, any financial asset managed on a blockchain. Digital commodities would be exempted from #SEC oversight. In the FIT21 bill any firm or person can self-certify a financial product as a digital commodity. The SEC would have only 60 days to object. This is a loophole big enough to fit an investment bank through"

    > "Wall St is talking up "tokenization" meaning putting assets on a digital ledger. The putative justification is capital efficiency. [The real] justification is regulatory arbitrage: Investments on a blockchain would move out of the SEC’s purview & be subject to fewer disclosure, reporting, consumer protection, [#moneylaundering etc. rules]"

    archive.ph/iD2vy#selection-111

    #uspol #Uspolitics #Trump #finance #banks #markets #corruption #cryptocurrency #economics #CFTC #finreg

  3. Good explainer from #TheAtlantic about the coming end to all financial regulation in the US via #crypto.

    > "If #Congress passes #FIT21 it would invent a novel asset class called 'digital commodities' - in essence, any financial asset managed on a blockchain. Digital commodities would be exempted from #SEC oversight. In the FIT21 bill any firm or person can self-certify a financial product as a digital commodity. The SEC would have only 60 days to object. This is a loophole big enough to fit an investment bank through"

    > "Wall St is talking up "tokenization" meaning putting assets on a digital ledger. The putative justification is capital efficiency. [The real] justification is regulatory arbitrage: Investments on a blockchain would move out of the SEC’s purview & be subject to fewer disclosure, reporting, consumer protection, [#moneylaundering etc. rules]"

    archive.ph/iD2vy#selection-111

    #uspol #Uspolitics #Trump #finance #banks #markets #corruption #cryptocurrency #economics #CFTC #finreg

  4. Good explainer from #TheAtlantic about the coming end to all financial regulation in the US via #crypto.

    > "If #Congress passes #FIT21 it would invent a novel asset class called 'digital commodities' - in essence, any financial asset managed on a blockchain. Digital commodities would be exempted from #SEC oversight. In the FIT21 bill any firm or person can self-certify a financial product as a digital commodity. The SEC would have only 60 days to object. This is a loophole big enough to fit an investment bank through"

    > "Wall St is talking up "tokenization" meaning putting assets on a digital ledger. The putative justification is capital efficiency. [The real] justification is regulatory arbitrage: Investments on a blockchain would move out of the SEC’s purview & be subject to fewer disclosure, reporting, consumer protection, [#moneylaundering etc. rules]"

    archive.ph/iD2vy#selection-111

    #uspol #Uspolitics #Trump #finance #banks #markets #corruption #cryptocurrency #economics #CFTC #finreg

  5. Good explainer from #TheAtlantic about the coming end to all financial regulation in the US via #crypto.

    > "If #Congress passes #FIT21 it would invent a novel asset class called 'digital commodities' - in essence, any financial asset managed on a blockchain. Digital commodities would be exempted from #SEC oversight. In the FIT21 bill any firm or person can self-certify a financial product as a digital commodity. The SEC would have only 60 days to object. This is a loophole big enough to fit an investment bank through"

    > "Wall St is talking up "tokenization" meaning putting assets on a digital ledger. The putative justification is capital efficiency. [The real] justification is regulatory arbitrage: Investments on a blockchain would move out of the SEC’s purview & be subject to fewer disclosure, reporting, consumer protection, [#moneylaundering etc. rules]"

    archive.ph/iD2vy#selection-111

    #uspol #Uspolitics #Trump #finance #banks #markets #corruption #cryptocurrency #economics #CFTC #finreg

  6. Trump Win Could Propel Crypto Market Structure Legislation Forward: Bitwise Exec - A Donald Trump win this presidential election could advance the long-stalled crypto mark... - cryptonews.com/news/donald-tru #donaldtrump #uselection #fit21 #news

  7. Trump Win Could Propel Crypto Market Structure Legislation Forward: Bitwise Exec - A Donald Trump win this presidential election could advance the long-stalled crypto mark... - cryptonews.com/news/donald-tru #donaldtrump #uselection #fit21 #news

  8. Trump Win Could Propel Crypto Market Structure Legislation Forward: Bitwise Exec - A Donald Trump win this presidential election could advance the long-stalled crypto mark... - cryptonews.com/news/donald-tru #donaldtrump #uselection #fit21 #news

  9. Trump Win Could Propel Crypto Market Structure Legislation Forward: Bitwise Exec - A Donald Trump win this presidential election could advance the long-stalled crypto mark... - cryptonews.com/news/donald-tru #donaldtrump #uselection #fit21 #news

  10. FIT21 Bill Seen As Solution to US Crypto Exodus Concerns, Paving Way for Thriving Market - The Financial Innovation and Technology for the 21st Century Act’s (FIT21) approval on We... - cryptonews.com/exclusives/fit2 #cryptoregulation #features #fit21 #news

  11. FIT21 Bill Seen As Solution to US Crypto Exodus Concerns, Paving Way for Thriving Market - The Financial Innovation and Technology for the 21st Century Act’s (FIT21) approval on We... - cryptonews.com/exclusives/fit2 #cryptoregulation #features #fit21 #news

  12. FIT21 Bill Seen As Solution to US Crypto Exodus Concerns, Paving Way for Thriving Market - The Financial Innovation and Technology for the 21st Century Act’s (FIT21) approval on We... - cryptonews.com/exclusives/fit2 #cryptoregulation #features #fit21 #news

  13. FIT21 Bill Seen As Solution to US Crypto Exodus Concerns, Paving Way for Thriving Market - The Financial Innovation and Technology for the 21st Century Act’s (FIT21) approval on We... - cryptonews.com/exclusives/fit2 #cryptoregulation #features #fit21 #news

  14. Congressmen Urge SEC Chair Gary Gensler To Approve Spot ETH ETP - A group of bipartisan House representatives urged the US Securities and Exchange Commissi... - cryptonews.com/news/spot-eth-e #ethereumnews #spotethetf #fit21

  15. Congressmen Urge SEC Chair Gary Gensler To Approve Spot ETH ETP - A group of bipartisan House representatives urged the US Securities and Exchange Commissi... - cryptonews.com/news/spot-eth-e #ethereumnews #spotethetf #fit21

  16. Congressmen Urge SEC Chair Gary Gensler To Approve Spot ETH ETP - A group of bipartisan House representatives urged the US Securities and Exchange Commissi... - cryptonews.com/news/spot-eth-e #ethereumnews #spotethetf #fit21

  17. Congressmen Urge SEC Chair Gary Gensler To Approve Spot ETH ETP - A group of bipartisan House representatives urged the US Securities and Exchange Commissi... - cryptonews.com/news/spot-eth-e #ethereumnews #spotethetf #fit21

  18. US House Bucks SEC Warnings, Passes Pro-Crypto Legislation FIT21 with Strong Support - The US House on Wednesday voted in favor of crypto-friendly legislation (FIT21) that woul... - cryptonews.com/news/us-house-p #blockchainnews #fit21 #news #cftc