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Mind Of Mav

New Cryptocurrency Regulatory Framework Released

The U.S. Justice Department has published a long-in-the-making “enforcement framework” on cryptocurrencies.

U.S. Attorney General William Barr announced the report’s unveiling, stating that the goal is to ensure that cryptocurrency “does not imperil our public safety or our national security” is “vitally important to America and its allies.”

The report, entitled “Cryptocurrency: An Enforcement Framework,” details strategies the Department of Justice (DOJ) plans to take related to digital assets. Barr said the report would delineate priorities and strategies for the DOJ’s crypto enforcements.

The report also indicates an interest in how enforcement will work in the world of decentralized finance (DeFi).

“I am grateful to the Cyber-Digital Task Force for producing this detailed report, which provides a cohesive, first-of-its kind framework for those seeking to understand federal enforcement priorities in this growing space,” said Barr.

The report is divided into three parts, with the first providing a threat overview. According to the report, the illicit use of crypto usually falls into one of three categories: financial transactions for commissioned crimes; money laundering and shielding from tax reporting or other legal obligations; and hacks or theft of crypto venues. The second and third parts explore enforcement tools and ongoing challenges related to these types of crimes.

It also makes mention of the growing DeFi space, linking the initial coin offering boom (ICO) of 2017 with today’s activity. Regulators have said that DeFi regulation has been slow-moving, but the report indicates that law enforcement officials are keeping an eye on the space.

“The ICO boom from a few years ago has given way to the exponential growth of Decentralized Finance markets in recent months — with all the associated complexities and difficulties for enforcers seeking to stay ahead of the curve and keep investors safe,” said the report.

Much of the report focuses on the potential of cryptocurrency and blockchain technology — if threats are addressed. It acknowledges digital assets as a significant opportunity for U.S. advancement, calling them a “transformative way to store and exchange value,” and urging members of the industry to work together with regulators to come up with solutions to promote innovation and protections. 

“To promote public safety and protect national security, all stakeholders—from private industry to regulators, elected officials, and individual cryptocurrency users — will need to take steps to ensure cryptocurrency is not used as a platform for illegality. Indeed, for cryptocurrency to realize its truly transformative potential, it is imperative that these risks be addressed,” reads the report.

 
 

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
possible.

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:

Move Your Mouse Over Charts Below For More Information

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

 

Add your vote to the V4 Portfolio by clicking here.

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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