69 / SEC vs CFTC
Can you get sued by both?

In this episode, we go over the implications of SEC''s allegations against TRON and other notable individuals within the cryptocurrency industry. We also discuss the significance of disclosing paid promotions for tokens, the legality of token securities in the testnet, and our experiment with a JSON-to-YAML converter.

Timeline

00:00 Intro

00:30 Numerology 69

00:50 tbone updates

01:30 Data minimization fo real

04:43 Few shotting

09:08 SEC and CFTC homerun

11:16 Paid promotions rules

12:34 My video, paid promotion

12:49 Are testnet tokens securities!?

15:22 What tokens did Will buy?

16:10 You indemnify MetaMask?

17:01 Binance and VPNs

18:31 SEC CFTC Risk

Participants

@fulldecent

William Entriken

@dtedesco1

Daniel Tedesco

@037

AKM

@VjDeliria

Vj Deliria

Episode notes

• The 20 million TRX buyback plan
• SEC sues Justin Sun
• Solidity documentation always favors 69

• Try a few tbones
  • JSON to YAML
  • Use the secret code to make better apps “@@ROLE@@” @@ASSISTANT@@ and @@USER@@
  • Text up to the first secret code is a “system” message
• SEC CFTC and DOJ are playing Risk, dividing the map on who each will attack IMAGE
• Allegations: undisclosed celebrity endorsements, fake liquidity wash trading,
  • guaranteed buyback https://www.reddit.com/r/Tronix/comments/c53llc/announcement_on_20_million_trx_buyback_plan_and/
  • https://www.theverge.com/2023/3/22/23652268/justin-sun-tron-crypto-sec-lawsuit-securities-fraud-jake-paul
  • disclosure, I had done work with a related firm, TRON DAO
  • Related: https://twitter.com/fulldecent/status/1638652795329847300
  • You need to know: if somebody is paying you to promote a token (which might be a security?) you need to disclose that paid relationship and the amount you were paid (if in the US) see SEC rules
  • Problems are almost always related to marketing, not the actual product
• TRON play testing video / https://youtu.be/8mMCT7rQBe0
• Celebrity endorsements
  • Lindsey Lohan and others got in troubz
• Eventually some consensus will arise among the agencies

TWEET

• Community Service Hour #69

  This is the favorite number of the [https://docs.soliditylang.org/en/latest/types.html#rational-and-integer-literals

  ](https://docs.soliditylang.org/en/latest/types.html#rational-and-integer-literals)PHOTO

  MENTION COMMITTERS BLAME LINES @soliditylang

• We tried a few testt bones.

  Here is one that we made to convert JSON to YAML and we look at how the code works

  https://tbone.ai/app?id=3 /// MAKE GUEST PASS

• Discussed SEC allegations against TRON / TRON DAO / Justin Sun and more.

  Alleged wash sales, fake liquidity, and unregistered security.

• Settlements/allegations: with Logan Paul, Lindsay Lohan and more, for promoting crypto tokens without disclosing payment the received, and TRON telling them not to disclose

• You need to know: If somebody is paying you to promote a token (which might be a security?), you need to disclose that paid relationship and the amount you were paid (if in the US). See SEC rules [link?]

• How do we get clarity about whether CFTC/SEC rules apply? We’re waiting!