Reddit Posts
McHenry, Financial Services Republicans Press Regulators Regarding Prometheum Special Purpose Broker-Dealer Approval
Prometheum is the only SEC-approved crypto securities exchange. And *somehow*, they knew that the SEC would declare Filecoin and Flow as securities roughly a year before the SEC actually did so, and tried to take [SERIOUS] advantage of this
Remember Promethuem, the only crypto securities exchange by regulators? Somehow they knew that the regulators would declare Filecoin and Flow as securities roughly a whole year before the SEC actually declared that, and launch an exchange to take advantage.
SEC’s Gary Gensler Strikes Again: DeFi Under Fire, Hypocrisy and Corruption in Full Swing
SEC Reopens Comment Period for Proposed Amendments to Exchange Act Rule 3b-16 and Provides Supplemental Information. "The reopening release reiterated the applicability of existing rules to platforms that trade crypto asset securities, including so-called “DeFi” systems"
Here is a summary of the SEC warning to crypto investors:
Just as we dropped below $20k, Whales have restarted to accumulate Bitcoin. They were smart enough to wait.
After the phase of aggressive buying from bigger entities during this bear market, we are now rather in the phase of distribution.
Have any of you seen how several NASDAQ companies announced they are Dual Listing on a block exchange? Solution to naked shorts? Website says "No short selling, no market makers".
Have any of you seen how several NASDAQ companies announced they are Dual Listing on a block exchange? Solution to naked shorts? Website says "No short selling, no market makers". AMC is a good candidate for this.
Dear Gary Gensler: Are you a Partial Fraud or a Total Fraud?
What is Dark pool and how can a trader/investor access it?
Urgent: SEC has proposed a new Amendment where it seeks to classify even DEX as ATS (alternative trading system for securities). This could be a big barrier for DeFi as we know it, as no DEX can comply with these regulations. Hester Pierce is dissenting to it.
Urgent Considerations of Impact on Blockchain/DeFi of the SEC's Proposed Regulation ATS Amendment
Urgent: SEC has proposed a new Amendment where it seeks to classify even DEX as ATS (alternative trading system for securities). This could be a big barrier for DeFi as we know it, as no DEX can comply with these regulations. Hester Pierce is dissenting to it.
Urgent Considerations of Impact on Blockchain/DeFi of the SEC's Proposed Regulation ATS Amendment
Mentions
I never said they didn’t exist before the ETF. How are you going to say there’s no gatekeeping when most retail can’t even trade in the dark pool, you even confirmed this by saying “IF you had size”. Don’t let this guy fool you, dark pools are not your friend and anyone that says otherwise is either willfully ignorant or benefiting from it. Fact #1: The stock market manipulation is taking place in the Dark Pools and shorting is the main tool. Fact #2: Dark Pools are the same as Alternative Trading Exchanges. Data from the ATS exchanges is the source of Dark Pool data. Fact #3:There is a strong correlation between the dark pool rate and stock price manipulation.
Nowhere did I say they didn’t exist before the etf. Fact #1: The stock market manipulation is taking place in the Dark Pools and shorting is the main tool. Fact #2: Dark Pools are the same as Alternative Trading Exchanges. Data from the ATS exchanges is the source of Dark Pool data. Fact #3: Stock volume in Dark Pools can be used to calculate a "Dark Pool Rate" . Fact #4: There is a strong correlation between the dark pool rate and the stock price manipulation.
ATS is not part of bitcoin. Google it.
tldr; Republic, a global financial firm, has entered into an agreement with INX, a US-regulated broker-dealer, ATS, and transfer agent. Republic will invest $5.25 million in INX and will own approximately 9.5% of the company. The two companies have also entered into a collaboration agreement to expand tokenization infrastructure and access to digital assets. They aim to democratize finance, bring a wider range of investment products to the retail public, boost financial inclusion, and stimulate economic growth. The investment and collaboration signify a new era in finance and will redefine the way capital is raised. The closing of the transaction is expected to take place within 60 days, subject to regulatory approvals. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
That’s not necessarily true. Overstock.com stocks is also registered as a digital security back in 2016. https://www.businesswire.com/news/home/20190627005885/en/Overstock-Digital-Voting-Series-A-1-Preferred-Stock-OSTKO-Begins-Trading-on-ATS-Operated-by-tZERO-Subsidiary-Pro-Securities#:~:text=In%20December%202016%2C%20Overstock%20issued,%2C%20using%20tZERO%2Ddeveloped%20technology.
Interesting little factoid I appreciate that and thanks for adding. In order to sell it though (regardless of profitability) wouldnt an exchange have to be licensed as broker/dealer and ATS to sell these “securities”? I feel like that adds another layer of complexity
It’s in their disclosures: DISCLOSURES Prometheum ATS is a SEC registered broker dealer, and a member of the Financial Industry Regulatory Authority (FINRA). Prometheum ATS is a member of the Securities Investor Protection Corporation · sipc.org
Its absolutely bizarre, it smells so bad. A completely unheard of registered BD/ATS that hasnt even launched a product yet got the privilege of invitation and is saying that the regulatory environment is fine. A firm that has strong ties to former SEC/FINRA staff and funding from chinese VCs. Apparently was also reading off notes passed to him during the hearing. Everyone has been digging up dirt on these folks including Winklevoss. In any event theyve been [FOIA’d](https://www.theblock.co/post/234990/blockchain-association-wants-to-know-more-about-secs-interactions-with-prometheum?utm_source=twitter&utm_medium=social) so the truth will come out eventually.
>The bill would “prohibit the SEC” from preventing an alternative trading system, or ATS, from listing crypto securities and would require the SEC to “modify its rules to allow broker-dealers to custody digital assets,” Feels good man....
Nice work. Not sure how much more you gonna put into it, but would love to see Fiat priced in bitcoin. And also be able to see things priced in $ATS
1. Those offering crypto asset investments or services may not be complying with applicable law, including federal securities laws. Under the federal securities laws, a company may not offer or sell securities unless the offering is registered with the SEC or an exemption to registration is available. Similarly, the law requires parties such as securities broker-dealers, investment advisers, alternative trading systems (ATS), and exchanges to register with the SEC, a state regulator, and/or a self-regulatory organization (SRO), such as FINRA. Moreover, entities and platforms involved in lending or staking crypto assets may be subject to the federal securities laws. Registration of a securities offering requires the issuer to disclose important information about the company, the offering, and the securities offered to the public. Unregistered offerings in crypto asset securities may not provide key information that investors need to make informed decisions. For example, registration typically requires an issuer to include financial statements audited by an independent public accounting firm registered with the Public Company Accounting Oversight Board (PCAOB). Audited financial statements play an important role in making sure investors are provided the information they need to understand the securities in which they want to invest. Issuers of unregistered crypto asset securities offerings might not provide audited financial statements, depriving investors of this key information.
They changed methodology right where the spike is: >Before May 2020, M1 consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions; (2) demand deposits at commercial banks (excluding those amounts held by depository institutions, the U.S. government, and foreign banks and official institutions) less cash items in the process of collection and Federal Reserve float; and (3) other checkable deposits (OCDs), consisting of negotiable order of withdrawal, or NOW, and automatic transfer service, or ATS, accounts at depository institutions, share draft accounts at credit unions, and demand deposits at thrift institutions. >Beginning May 2020, M1 consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions; (2) demand deposits at commercial banks (excluding those amounts held by depository institutions, the U.S. government, and foreign banks and official institutions) less cash items in the process of collection and Federal Reserve float; and (3) other liquid deposits, consisting of OCDs and savings deposits (including money market deposit accounts). Seasonally adjusted M1 is constructed by summing currency, demand deposits, and OCDs (before May 2020) or other liquid deposits (beginning May 2020), each seasonally adjusted separately. I don't know if that was an effort to obscure what was going on, or a genuine need to better communicate and track the money. But either way, it seems to make the chart misleading and open to misinterpretation.
Bitcoin is something you adopt, everything else is an investment. We need stocks that pay out in $ATS.
Sweet! Please Love me some $ATS! Thanks OP. Thanks Awesom Chum.
They paid a tiny fine to settle that issue and are the only SEC licensed ATS for crypto assets. This is besides the point t0 will eliminate a lot of "problems of corrupt entities abusing their power" in markets. You can look into why t0 settlement is so significant yourself.
Not when ATS alternative trading system #darkpools exist. Ban Darkpools #darkpool abuse
>It's a very good choise if you want to make something important that should never fail, like a blockchain. If that was the logic behind it then wouldn't something like ATS (Applied Type System) or Idris have been better choices? They're already writing libraries from scratch, might as well have gone with those language if this was supposed to be the focus. ATS in particular is interoperable with C, so they probably could've recycled "unsafe" C libraries to create proof of concepts easily.
tldr; Coinsquare has also been granted license to operate as a regulated alternative trading system (ATS), allowing it to match large, illiquid crypto trades between institutional investors. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
TLDR: Toronto-based crypto exchange Coinsquare became a member of Canada’s top self-regulatory organization (SRO) – the Investment Industry Regulatory Organization of Canada (IIROC) – on Thursday, making it the first crypto-native platform to join that body. In addition to granting Coinsquare membership, IIROC also greenlit the exchange’s investment dealer registration and gave approval to operate as a regulated alternative trading system (ATS) in the future.
Let me save you the click. Tldr; A look at the Bitcoin transactions and accumulation among various groups using the Accumulation Trend Score (ATS) shows that this is the third most aggressive dumping by Bitcoin (BTC) whales in history. According to the ATS, whales, i.e., those with more than 1000 Bitcoin in their wallet, have been the net sellers in recent times and for most of 2022. By comparison, the rate of distribution is at its third highest. The fact that most new hodlers have unrealized losses suggests they will not sell anytime soon.
☝ This. It sucks, but true. Even I as an individual I am leveraged in a way. Every paycheck, I could pay down more debt ar stack more $ATS. As interest rates rise, it cost more to service my loans and it also becomes more tempting to pay it down completely with sold bitcoin. Won't do it though.
The day bitcoin really starts to win is the day we all price usd in $ATS... forget the rainbow and adopt bitcoin as the base monetary unit it was meant to be!
You "bedazzle" your future employer by simply following the interview process. They will evaluate your skills in some way. Most top companies unfortunately rely on DSA tests which suck because they just have nothing to do with the actual job. But others choose a more project oriented approach where you will have to do some test project anyway. I prefer the latter but i also value a full remote position much higher than onsite positions and companies like google tend to give you a paycut if you don't work onsite. That's btw all i did as well: * Sprinkle your CV with the buzzwords from.the job ad to get around any ATS * Then crush the interviews and code tests they throw at you. They will be challenging and hard, so you have to be quite confident in your skills.
First off, if you take offense to the title, then this isn’t for you. I used to say… 1USD, one day will equal 1SAT and although I still believe this to be true, I believe it is best to have more conservative expectations (internal dialogue), therefore I have changed the mantra from “1 dollar, 1 day, 1 sat” to “100sat = 1cents” The term bitcoin is such a tricky term. It’s a difficult hill for people to get over mentally because they think “coin = small, coin = change, coin = less than bills”. But Bitcoin is worth tens of thousands of dollar bills, at the moment. That is why SATS will replace the term “bitcoin” in common vernacular, such as the cost of goods/services. Customer: “How much for the eggs, milk, and bread, sir?” Seller: “248 $ATS.” I’m sure you did the math already and are thinking two and a half dollars… that’s cheap… exactly. That’s closer to the cost of goods when sound money was habbening. Today it’s $25 for those things…But I digress… All this being said. One could not purchase 1000sats for a buck at 69k. Today one can stack about 5000SATS per dollar invested. One thousand dollars is about half a million dollars in future money. The wealth transfer is happening now and poor ass normies, who kinda get what Bitcoin is or feel like they are betting on a “long shot” are inheriting the earth via converting their fiat into future money. The financial system is already in transition. Bitcoin brings logical thinking and spending to the global economy. Decentralized wealth is habbening now and nobody is talking about it. One must piece it together from the available data to see it now. 136 bitcoin whales have left the 100BTC wallet club, while 13k+ plebs joined the “whole coiner” club during this “crypto crash”. I’ll leave you with a few quotes from people smarter than me. “If you don't believe me or don't get it, I don't have time to try to convince you, sorry.” - Satoshi “The Bitcoin price is set by those with more money and less knowledge than you. In time, they will get the knowledge and you will get the money,” - M. Saylor CEO MicroStrategy
If I’m understanding correctly, this already exists. Private stocks trade on the secondary markets using ATS’ like tZero or Securitize. No need for NFTs, the stocks are just digitally represented by a token on a blockchain like Algorand; they don’t settle on chain though. You can enter a position in a private security and exit a min later if you want. The volume is pretty low on these markets so there are some good trades. You don’t have no be accredited either for a lot of the stocks.
Bitcoin you adopt... every thing else is an investment priced in $ATS... :-)
Post is by: nigelwiggins and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CelsiusNetwork/comments/u23jcc/defi_ban_this_year/ [https://www.coindesk.com/policy/2022/03/28/the-secs-new-proposal-to-redefine-dealer-could-spell-bad-news-for-defi/](https://www.coindesk.com/policy/2022/03/28/the-secs-new-proposal-to-redefine-dealer-could-spell-bad-news-for-defi/) \^Summary ​ [https://lexnode.substack.com/p/urgent-considerations-of-impact-on?justPublished=true](https://lexnode.substack.com/p/urgent-considerations-of-impact-on?justPublished=true) \^Details ​ >In this case, it is unlikely the SEC would publish a final rule before October 2022, if then. [https://www.natlawreview.com/article/sec-proposed-amendments-could-significantly-impact-defi-companies](https://www.natlawreview.com/article/sec-proposed-amendments-could-significantly-impact-defi-companies) \^The only link I could find with a prediction ​ Search for SEC ATS DeFi and you will not be happy *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
The SEC also recently updated terminology around Exchanges/ATS to include “communication protocols”
Well the SEC just allowed for new ATS(alternate trading systems, ie blockchain) to be created starting tomorrow. So do with that info what you will.
You mean an ATS for crypto? Will it be published or dark?
tldr; The SEC's new securities exchange / ATS amendment proposal has been published, alongside a dissent from Commissioner Hester Peirce. The proposal offers no method of registration and reporting that could actually be followed by anyone who arguably “makes available” an AMM protocol or other DeFi systems. Even a block explorer like ETHERSCAN could be argued to be a securities exchange under the proposal. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Historical SEC protocols have nothing to do with current or future protocols. Gary Gensler is a blockchain expert and has a much different vision for the SECs role in both the stock and crypto markets than past Chairmans have. The recent request for revisions to the ATS regulations is a clear indication of that. Those revisions will have a massive effect on how Hedge funds and institutional traders utilize dark pools and other ATS platforms.
Link to blockchain comment = [https://www.ledgerinsights.com/sec-reviews-exchange-definition-could-cover-defi/](https://www.ledgerinsights.com/sec-reviews-exchange-definition-could-cover-defi/) "On Wednesday, the U.S. Securities and Exchange Commission (SEC) published proposed rule changes related to the Alternative Trading Systems (ATS). However, a surprise inclusion is the suggested change to the definition of an “Exchange”. It proposes to cover systems that include “communication protocols to bring together buyers and sellers of securities.” Some in the crypto community are concerned that this might include automated market makers and DeFi protocols. But given that the definition applies to buyers and sellers of securities, these crypto commenters acknowledge that DeFi protocols deal with securities, as the SEC has claimed."
Point number 1: Are you not doing fundamental analysis in your stock purchases? Because it’s essentially the same. Diligent stock investors spend hours digging through financial documents of the companies they invest in. Reading proxies, 10-Q, 10-K etc… Sounds like if you’re not interested in doing those things then you probably should just hire an advisor and let them manage your money. Or like you said, buy SPY, ETFs and nothing else which is essentially the same as someone else making your stock picks for you. Point number 2: If you don’t want to self custody use a major centralized exchange and keep all your money on exchange if you’re comfortable doing that. Doesn’t require to you to have a seed phrase or anything like that, and you have the same risk as keeping your stock money on a brokerage. If your account gets compromised because you were socially engineered or your credentials scraped from malware your money is gone. The same is true for a brokerage, they don’t cover losses associated with your account being compromised unless it was due to a hack on the exchanges side. Coinbase, CDC etc.. cover losses caused by their tech/security failures. We just saw this on CDC in the last month. Point number 3: Those are not hacks at the exchange, those are people being socially engineered and willfully giving away their login credentials and or personally identifiable information. See point 2, this happens in brokerage accounts also like TD/Schwab/Robinhood. Unfortunately you can’t fix stupid, or prevent people from screwing themselves over by literally handing over their keys. It’s essentially the same as giving a complete stranger they keys to your home, and your identification documents and then saying “don’t rob me.” It has nothing to do with the exchange itself being hacked again see point #2. Point number 4: Regulations are necessary, the stock market is heavily regulated and the SEC & FINRA are ever expanded regulations on stocks and the financial industry. It will absolutely have a price effect in the short term, but again the same is true for stock regulations having an effect on the market. The SEC just released a revision request for ATS which will have an impact on both the stock market and crypto market as dark pools and bulk trading platforms are considered ATS, as well as many systems Hedge Funds use. Point number 5: CDC Hack response was a good thing because they did the right thing. No it’s never good when things get hacked, but I don’t think you understand just how often hacks happen in the regular world. Look at Equifax, got hacked and lost millions of peoples identity information including social security numbers and they basically shrugged it off and went “sorry.” While that was a company that no one asked for them to store their personally identifiable information to begin with. Hospitals are another great example, they get hacked regularly and patient data held in ransomware, and then they pay the ransoms because they have no recourse.
> TD, Schwab They are not ATS, they are already registered brokers trading registered securities, they are not covered by it. The new amendment will apply to cryptos. Just read the article linked in OP