The Roman Storm Verdict | Peter Van Valkenburgh & David Morris

Bullish:

• $CRYPTOLEGISLATION - The conviction of Roman Semenov could accelerate pro-crypto legislation, particularly the Blockchain Regulatory Certainty Act (BRCA), which would provide clear legal protection for crypto developers going forward.

  • “Roman's loss is a good way, I think, to galvanize support, to convince folks in the Senate that this is actually something that matters, the BRCA needs to pass.”

    Peter·1:09:43

  • “If Congress passes that, forward looking, you know, it's too late for Romans, too late for the Samurai developers, but forward looking, were set.”

    Peter·1:06:42

Bearish:

• $DEFI - Non-custodial DeFi projects face significant regulatory risks due to the government's broad interpretation of money transmission laws, which could negatively impact their operations.

  • “The government's theory of what is money transmission is just extraordinarily broad. And that's why, again, that ruling as to whether that that should stand and and feed into jury instructions that then that happened back last winter is so problematic.”

    Peter·55:05