Senate Democrats are mad at @HarmeetKDhillon.
@AAGDhillon is refocusing the Civil Rights Division on President Trump’s priorities on which he campaigned.
Not jailing pro-life Christians.
Elections have consequences.
Lawyer up, Lawfare Democrats.
Nobody is above the law.
@Caitlyn_Jenner They’re only doing this because you’re a high profile target… shame on them
SEC: memecoins are not securities. US based securities laws, therefore do not apply
November I get sued by private class action lawyers (not SEC) alleging Memecoins are securities.
The @WhiteHouse Crypto Task Force chair @davidsacks47 says such as does @HesterPeirce and the SEC
We believe the lawsuit is meritless and we are vigorouslydefending against the claims. A motion to dismiss the case and associated briefing, filed by our attorneys at Winston & Strawn, is available here: [insert a link or embed].
The briefing explains many of the reasons the case fails, including the fact that the SEC’s Division of Corporation Finance recently released a “Staff Statement on Meme Coins,”in which the SEC Staff stated that transactions in memecoins “do not involve the offer and sale of securities under the federal securities laws” and “neither meme coin purchasers nor holders are protected by the federal securities laws.” Nevertheless, the plaintiff has persisted with his claims.
Unfortunately, fighting against these types of lawsuits is very expensive and time consuming. Given the potential impact of the case on the crypto community, we ask that you please consider contributing to our legal defense fund. 100% of your donations will go to our legal costs in fighting the case. We intend to fight, fight, fight, and hope to establish positiveprecedent in this area of the law.
I remain excited about crypto and digital assets moving forward. I have been pleased with the progress at the SEC. But progress at the SEC is not enough. Private plaintiffs are now trying to put a square peg in a round hole by attempting to fit federal and state securities laws onto digital assets such as memecoins. This is the type of red tape that I believe will serve to stifle, not promote, growth in cryptocurrency and digital assets. This is not what the crypto community is about.
Thank you again for your consideration and contributions. Your support means the world to us.
https://t.co/GSSyEXNIrW
I have been named as a defendant in a lawsuit related to the $Jenner memecoins, alleging “securities” violations. The lawsuit, which is meritless, has broad implications for the crypto community at large. While we have seen progress at the SEC, private plaintiffs are now trying to put a square peg in a round hole by claiming that memecoins are “unregistered securities.” The case is the tip of the spear, and I am vigorously defending myself. A motion to dismiss the case, filed by my attorneys at Winston & Strawn, explaining many of the reasons the case failsis attached. Unfortunately, fighting against such claims is very expensive and time consuming. Given the larger implications of the case, I have set up a legal defense fund and I ask that the community please support us. Lawsuits like this are not the way to grow crypto. Fight. Fight. Fight.
Proud to work with fine attorneys at @CivilRights such as my friend and Deputy Assistant Attorney General @MichaelGatesESQ, who was terrific on his feet today in a lengthy hearing defending an important presidential executive order.
To honor former Trump Warroom leader, @StevenCheung, who etched his name in history as the first White House communications director to have the term “cuck” archived after using it to describe Tim Walz from his official account, we are proud to introduce a new daily accolade: the
This is wild!! It looks like @grok will soon be a millionaire!!!
Huge Moment! First crypto legislation ever signed into law.
Repealing the IRS’s DeFi broker rule protects innovation and privacy—another big step toward ushering in a golden age for digital assets.
Grateful to @POTUS, @tedcruz, and @RepMikeCarey for their leadership!
We are excited about Paul Atkins' nomination to lead the @SECGov. His genuine interest in supporting the crypto community is a monumental change from the previous chair.
We made our voices heard and people listened. Crypto voters who #StandWithCrypto made this possible.
