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Feb. 2, 2022: Fight For Web3 🪖🇺🇸
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Feb. 2, 2022: Fight For Web3 🪖🇺🇸

PAC/LEX Organize Action Campaign To Halt Disastrous Amendments to Reg ATS

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crv.mktcap.eth
Feb 02, 2022
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Feb. 2, 2022: Fight For Web3 🪖🇺🇸
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This is Not A Drill! Americans have one month to save Web3!

Amidst the recent madness, you may have missed the government’s latest attempt to kill cryptocurrency. The SEC Proposed Amendments to Reg ATS are a quixotic attempt to destroy Web3 as we know it. This proposal could block Americans from, among other things, vital infrastructure like Etherscan.

This is a cartoonishly evil power grab that is both wildly unpopular and flagrantly in violation of the Constitution. Hence the short 30 day window to try and sneak it through without notice. The powers that be are hoping the comment process will be so convoluted that nobody would be able to figure out how to leave a comment.

They underestimated Web3 though. We will unite to fight this insanity!

Twitter avatar for @lex_node
_gabrielShapir0 @lex_node
Announcing a joint @LeXpunK_Army / @PacDao raid!!! Write comments to the SEC about why AMMs and other smart contracts should remain permissionless and free. We have a template to get you started and you'll receive a souvenir NFT.
Twitter avatar for @LeXpunK_Army
LeXpunK_Army @LeXpunK_Army
We are SO excited to launch our FIRST RAID INITIATIVE. LeXpunK partnered with the great minds at @PacDao to provide a template form for DeFi developers and enthusiasts to comment on the SEC’s proposed amendments to Regulation ATS. https://t.co/KHQXAxMqX4
4:23 PM ∙ Feb 2, 2022
3Likes2Retweets
Twitter avatar for @LeXpunK_Army
LeXpunK_Army @LeXpunK_Army
We are SO excited to launch our FIRST RAID INITIATIVE. LeXpunK partnered with the great minds at @PacDao to provide a template form for DeFi developers and enthusiasts to comment on the SEC’s proposed amendments to Regulation ATS.
pac.xyzPAC - PhatCatPAC DAO: On-Chain Crypto Activism https://pac.xyz/
4:01 PM ∙ Feb 2, 2022
10Likes3Retweets
Twitter avatar for @PacDao
PACDAO.eth | Crypto Activism @PacDao
The SEC's Amendments to Reg ATS could destroy #cryptocurrency in America as we know it! With @LeXpunK_Army, we're organizing an action campaign to stop the madness. Plus, get a free NFT if you write a letter Details:
pac.xyzPAC - PhatCatPAC DAO: On-Chain Crypto Activism https://pac.xyz/
4:22 PM ∙ Feb 2, 2022

PAC DAO and LeXpunK are partnering on a letter writing campaign to make it easy to make your opinion heard. All you need to do is:

  1. Draft a letter with the help of the available resources.

  2. Screenshot proof and submit to LEX’s Telegram or PAC’s Discord.

  3. Receive a gorgeous NFT for your efforts (free, minus gas).

The NFT is designed by community member Zack West, a dreamer, designer, and builder working to help build a better world for everyone. More details at https://linktr.ee/alphazwest or alphazwest.eth. Credit to b_rad_c for putting together a website in no time! The entire LeXpunK Army deserve credit for getting language and guidance together in no time flat.

You may view more details about the NFT at the Github and Etherscan. The NFT is an initial mint cap of 1000 and will be turned off once the comment period is expired.

Twitter avatar for @fubuloubu
señor doggo... is in a cube! help! @fubuloubu
This is important, please submit comment
Twitter avatar for @LeXpunK_Army
LeXpunK_Army @LeXpunK_Army
We are SO excited to launch our FIRST RAID INITIATIVE. LeXpunK partnered with the great minds at @PacDao to provide a template form for DeFi developers and enthusiasts to comment on the SEC’s proposed amendments to Regulation ATS. https://t.co/KHQXAxMqX4
4:16 PM ∙ Feb 2, 2022
4Likes1Retweet
Twitter avatar for @syd_lauren
SydLauren @syd_lauren
#LeXpunK rallied w/ @PacDao to deploy its first raid initiative to provide the community a template to comment on the SEC’s proposed amendments to Reg ATS. We have such a talented team. We listened to the community and are working to enact change. What LeXpunK is all about!! https://t.co/eQX5m9RvYQ
Twitter avatar for @LeXpunK_Army
LeXpunK_Army @LeXpunK_Army
We are SO excited to launch our FIRST RAID INITIATIVE. LeXpunK partnered with the great minds at @PacDao to provide a template form for DeFi developers and enthusiasts to comment on the SEC’s proposed amendments to Regulation ATS. https://t.co/KHQXAxMqX4
4:13 PM ∙ Feb 2, 2022
9Likes3Retweets

We’ve already updated our profile picture accordingly, and hope everybody does the same to build pressure over the next 30 days. Even if you can’t contribute because you’re outside the US, or don’t want to mint cuz rainforests or some FUD, rumor has it there’s a hack built in to browsers that let you right click and save NFTs as jpegs…

Here’s some more background detail on the initiative.

Twitter avatar for @lex_node
_gabrielShapir0 @lex_node
I have reviewed the SEC's proposed amendment to Regulation ATS. As strongly hinted at by @HesterPeirce, it is a major threat to free speech, investor choice and technological innovation. More thoughts here:
lexnode.substack.comUrgent Considerations of Impact on Blockchain/DeFi of the SEC’s Proposed Regulation ATS AmendmentIntro & Call to Action The SEC’s new securities exchange / ATS amendment proposal has been published, alongside a strenuous dissent from Commissioner Hester Peirce. The proposal is massive and, as noted by Peirce, encompasses a radical paradigm shift that was not contemplated in the SEC’s previous r…
11:52 AM ∙ Jan 27, 2022
735Likes265Retweets
Twitter avatar for @RyanSAdams
RYAN SΞAN ADAMS - rsa.eth 🦇🔊 @RyanSAdams
The SEC is attacking DeFi. They're trying to expand the definition of 'securities exchange' to include AMMs & DeFi protocols, maybe wallets & block explorers too. Giving only 30 days to comment so they can slip it through. They want to kill crypto in the U.S.
9:49 PM ∙ Jan 27, 2022
1,966Likes458Retweets
Twitter avatar for @nic__carter
nic carter ᵍᵐ @nic__carter
new SEC rule seems very bad. h/t @lex_node
lexnode.substack.comUrgent Considerations of Impact on Blockchain/DeFi of the SEC’s Proposed Regulation ATS AmendmentIntro & Call to Action The SEC’s new securities exchange / ATS amendment proposal has been published, alongside a strenuous dissent from Commissioner Hester Peirce. The proposal is massive and, as noted by Peirce, encompasses a radical paradigm shift that was not contemplated in the SEC’s previous r…
8:53 PM ∙ Jan 27, 2022
1,405Likes348Retweets
Twitter avatar for @coinbureau
Coin Bureau (guy.eth) @coinbureau
Could the SEC be trying to regulate DEX's like CEX's? Seems that this Amendment appears to have flown in under the radar...
lexnode.substack.comUrgent Considerations of Impact on Blockchain/DeFi of the SEC’s Proposed Regulation ATS AmendmentIntro & Call to Action The SEC’s new securities exchange / ATS amendment proposal has been published, alongside a strenuous dissent from Commissioner Hester Peirce. The proposal is massive and, as noted by Peirce, encompasses a radical paradigm shift that was not contemplated in the SEC’s previous r…
10:14 AM ∙ Jan 30, 2022
309Likes57Retweets
Twitter avatar for @lex_node
_gabrielShapir0 @lex_node
another atty, @sashahodler , expressing concerns about the SEC's proposed Reg ATS amendments
sasha256413.substack.comDoes the SEC’s ATS proposal impact the crypto ecosystem?Issue: Does the SEC’s new proposal impact the crypto ecosystem? Short answer: Most likely, yes, if the assets being traded are deemed securities and orders are accepted on a non-discretionary basis. What happened: The SEC proposed an amendment to the Exchange Act Rule 3b-16 that would eliminate the…
8:58 PM ∙ Feb 1, 2022
8Likes4Retweets

Further uncensored reflections below the paywall…

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