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Market Structure Rules for Crypto Could End Up Governing Core of U.S. Finance: Le

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  • ... [crypto] sector veteran and compliance expert TuongVy Le, a former Securities and Exchange Commission lawyer, argues that what Congress and the regulators are working on isn't just for today's digital assets space but for the core of the future financial system.

    Le, who has held top legal and regulator positions at Anchorage Digital, Bain Capital and the former Worldcoin (now World Network), told CoinDesk that she expects the new rules coming to her old regulatory employer will eventually govern the business at the heart of the markets. Migrating the securities and commodities transactions in traditional finance onto the blockchain is a dramatic move for a field that's been stuck in a legacy approach to handling transactions, rooted in lengthy clearing and settlement approaches established decades ago.

    ...

    She's so far been impressed with the changes congressional lawmakers have made in the latest discussion draft of the market-structure bill that is built on the back of the previous session's Financial Innovation and Technology for the 21st Century Act (FIT21), calling it "much more practical, workable and streamlined." She praised its approach to getting multiple types of transactions under the reach of single trading platforms and also its views on blockchain maturity.

    She said that the legislation underway in Congress right now will be a "huge unlock" for the industry, but the U.S. financial agencies, including the SEC and Commodity Futures Trading Commission, are already moving.

  • ... [crypto] sector veteran and compliance expert TuongVy Le, a former Securities and Exchange Commission lawyer, argues that what Congress and the regulators are working on isn't just for today's digital assets space but for the core of the future financial system.

    Le, who has held top legal and regulator positions at Anchorage Digital, Bain Capital and the former Worldcoin (now World Network), told CoinDesk that she expects the new rules coming to her old regulatory employer will eventually govern the business at the heart of the markets. Migrating the securities and commodities transactions in traditional finance onto the blockchain is a dramatic move for a field that's been stuck in a legacy approach to handling transactions, rooted in lengthy clearing and settlement approaches established decades ago.

    ...

    She's so far been impressed with the changes congressional lawmakers have made in the latest discussion draft of the market-structure bill that is built on the back of the previous session's Financial Innovation and Technology for the 21st Century Act (FIT21), calling it "much more practical, workable and streamlined." She praised its approach to getting multiple types of transactions under the reach of single trading platforms and also its views on blockchain maturity.

    She said that the legislation underway in Congress right now will be a "huge unlock" for the industry, but the U.S. financial agencies, including the SEC and Commodity Futures Trading Commission, are already moving.

    Im all for making the traditional market more efficient and transparent, if blockchain can accommodate that, so long as we can also make crypto more like the traditional market. At least in terms of criminalizing shit that would obviously be illegal to do with securities

  • Stop children using VPNs to watch porn, ministers told

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    I agree that gambling is bad and nobody should do it, but that's different from the government preventing you from doing it. Something being "bad" doesn't mean it should be banned, it means it needs closer scrutiny to make sure both sides of the transaction are fully informed of the risks and can meaningfully consent. money laundering I don't like this reasoning because the underlying assumption is that violating people's privacy is okay if it helps catch criminals. That said, there are typically rules that limit this. In most areas, casinos have to ID you and report any transaction over a certain amount (usually $10k or so per day, many casinos have a lower threshold) to tax authorities specifically to combat money laundering, just like banks do. That seems to limit money laundering for larger players, but obviously doesn't do much for smaller players. To do better, we either need much lower limits, or much higher surveillance, and both would violate innocent people's privacy. Instead of that, we should take a hard look at policy and policing. For example, a lot of money laundering is by drug dealers, and they exist due to drug bans. Maybe we should consider legalizing and regulating more drugs, which would give people safer options, reduce incarceration rates, and reduce laundering from illegal drugs since more people would go for the safer options. On the policing side, we can improve training, reallocate people from ticketing to investigative work, and build community trust to improve quality of reports. At the end of the day, I think personal liberty and privacy is more important than preventing harm or catching criminals. I also think we can do both, but we need to start from the perspective of maximising liberty and privacy.
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    The app broke for a few days with a message kissing Dump's ass, and when it came back, all videos that mentioned fascism had been removed
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    reseller_pledge609@lemmy.dbzer0.comR
    !mechanical_keyboards@programming.dev !ergomechkeyboards@lemmy.world !splitmechkeyboards@lemmy.world and maybe !keychron@lemmy.ca These would be much more appropriate for your post. Also, have a proper post title and question when you post there.
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    That's the spirit
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    Niemand hat geantwortet
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    I was pretty lucky in university as most of my profs were either using cross platform stuff or Linux exclusive software. I had a single class that wanted me using windows stuff and I just dropped that one. Awesome that you're getting back into it, it's definitely the best it's ever been (and you're right that Steam cracked the code). It sounds like you probably know what you're doing if you're running Linux VMs and stuff, but feel free to shoot me a PM if you run into any questions or issues I might be able to point you in the right direction for.
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    It's an actively hostile act, regardless of what your beliefs are on the copyright system.