Doc's Daily Commentary

Mind Of Mav

We’re Getting A Pro-Crypto SEC Chairman For Christmas

The cryptocurrency community is awash with joy following the announcement of Elad Roisman as the new chairman of the U.S. Securities and Exchange Commission (SEC). Former chairman of the Commission, Jay Clayton, resigned on Wednesday, according to a statement on the SEC’s website.

Jay Clayton served his final day at the SEC this week, having served as its Chairman since May 2017. In his last public statement, he thanked his subordinates for their service and left on a positive note. 

SEC’s lawsuit against Ripple on the last day of office speaks volumes of Clayton’s attention towards crypto. Since taking over, the SEC has weeded out the ICO craze from the crypto markets and established that Bitcoin and Ethereum are not securities. 

Nevertheless, he will also be remembered as the Chairman who never approved a Bitcoin ETF. A new chairman now has the opportunity to change that.

President Trump had two choices, Hester Pierce and Elad Roisman, for the new Chairman’s position. Both candidates are favorable to cryptocurrency investors—Pierce was one of the first regulators to dissent SEC’s rejection of Bitcoin ETFs

The reason for the excitement is not far-fetch because several cryptocurrency news has extolled the Commissioner’s support for digital assets. In one of his remarks regarding ICOs and blockchain, he said:

It is essential that the SEC approach these new challenges in a fair and transparent manner, provide clarity and certainty to the markets and investors, and enforce the laws and regulations that hold market participants accountable.

SEC Commissioner, Hester Peirce, made the revelation on Twitter Thursday morning while congratulating the new chairman.

CrossTower co-founder and President Kristin Boggiano predicting Roisman’s next moves said:

As an acting, interim chair, Roisman will likely serve until President-elect Joe Biden designates his own acting chairman of the SEC. Given how controversial an ETF has been over the past few years, it’s unlikely that Roisman will quickly usher an ETF through. However, as there is clear widespread adoption of BTC, the chance of the SEC approving an ETF is higher. My guess is that BTC will gain clear status as an asset class in 2021 and that the SEC will be more inclined to approve an ETF.

Elad Roisman joined the SEC as a Commissioner in September 2018. 

In July of the same year, Roisman had raised the issue of examining and re-examining the Commission’s rules, regulations, and guidelines on “new investments and technologies such as initial coin offerings and blockchain.” 

Hopefully, this brings about the regulatory clarity we need to expedite the adoption of this space, and see a rapid expansion of crypto acceptance. 

Happy Holidays from the RSC team!

The ReadySetCrypto "Three Token Pillars" Community Portfolio (V3)

Add your vote to the V3 Portfolio (Phase 3) by clicking here.

View V3 Portfolio (Phase 2) by clicking here.

View V3 Portfolio (Phase 1) by clicking here.

Read the V3 Portfolio guide by clicking here.

What is the goal of this portfolio?

The “Three Token Pillars” portfolio is democratically proportioned between the Three Pillars of the Token Economy & Interchain:

CryptoCurreny – Security Tokens (STO) – Decentralized Finance (DeFi)

With this portfolio, we will identify and take advantage of the opportunities within the Three
Pillars of ReadySetCrypto. We aim to Capitalise on the collective knowledge and experience of the RSC
community & build model portfolios containing the premier companies and projects
in the industry and manage risk allocation suitable for as many people as

The Second Phase of the RSC Community Portfolio V3 was to give us a general idea of the weightings people desire in each of the three pillars and also member’s risk tolerance. The Third Phase of the RSC Community Portfolio V3 has us closing in on a finalized portfolio allocation before we consolidated onto the highest quality projects.

Our Current Allocation As Of Phase Three:

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The ReadySetCrypto "Top Ten Crypto" Community Portfolio (V4)

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Read about building Crypto Portfolio Diversity by clicking here.

What is the goal of this portfolio? 

The “Top Ten Crypto” portfolio is a democratically proportioned portfolio balanced based on votes from members of the RSC community as to what they believe are the top 10 projects by potential.
This portfolio should be much more useful given the ever-changing market dynamics. In short, you rank the projects you believe deserve a spot in the top 10. It should represent a portfolio and rank that you believe will stand the test of time. Once we have a good cross-section, we can study and make an assessment as to where we see value and perhaps where some diamonds in the rough opportunities exist. In a perfect world, we will end up with a Pareto-style distribution that describes the largest value capture in the market.
To give an update on the position, each one listed in low to high relative risk:
SoV/money == BTC, DCR
Platforms == ETH, XTZ
Private Money == XMR / ZEC / ZEN
DeFi == MKR / SNX and stablecoins
It is the most realistic way for us to distill the entirety of what we have learned (and that includes the RSC community opinion). We have an array of articles that have gradually picked off one by one different projects, some of which end up being many thousands of words to come to this conclusion. It is not capitulation because we all remain in the market. It is simply a consolidation of quality. We seek the cream of the crop as the milk turns sour on aggregate.

Current Top 10 Rankings:



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