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Tuur Demeester - @TuurDemeester

RT @lightning: Today we're excited to announce the initial code for Taro 🍠, a new protocol to issue and transfer assets on #bitcoin and Lightning 🔜. With this release, we're one step closer to bitcoinizing the dollar, and the global financial system! 🌍💱 https://t.co/mRrLyttgXv

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Meltem Demirors - @Melt_Dem

👀 https://t.co/gnc5aPiQlg

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Brooke ⚡️ - @bitcoinmom

RT @LynAldenContact: With the $80 million Strike series B, the launch of Bitnob in Kenya along with M-Pesa integration, and now the release of alpha Taro code by Lightning Labs, this has been a pretty big news week for the #LightningNetwork. https://t.co/LGqRW0pqHo

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Jameson Lopp - @lopp

RT @lightning: Today we're excited to announce the initial code for Taro 🍠, a new protocol to issue and transfer assets on #bitcoin and Lightning 🔜. With this release, we're one step closer to bitcoinizing the dollar, and the global financial system! 🌍💱 https://t.co/mRrLyttgXv

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Wayne Vaughan - @WayneVaughan

RT @lightning: Today we're excited to announce the initial code for Taro 🍠, a new protocol to issue and transfer assets on #bitcoin and Lightning 🔜. With this release, we're one step closer to bitcoinizing the dollar, and the global financial system! 🌍💱 https://t.co/mRrLyttgXv

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elizabeth stark - @starkness

RT @lightning: Today we're excited to announce the initial code for Taro 🍠, a new protocol to issue and transfer assets on #bitcoin and Lightning 🔜. With this release, we're one step closer to bitcoinizing the dollar, and the global financial system! 🌍💱 https://t.co/mRrLyttgXv

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Olaoluwa Osuntokun - @roasbeef

RT @lightning: Today we're excited to announce the initial code for Taro 🍠, a new protocol to issue and transfer assets on #bitcoin and Lightning 🔜. With this release, we're one step closer to bitcoinizing the dollar, and the global financial system! 🌍💱 https://t.co/mRrLyttgXv

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Yeangster :rawls: John Rawls 1 week ago

I like the idea in theory, but as someone pointed out on twitter, a prestigious police force staffed by college graduates is essentially what the FBI already is in practice.

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AsleepConcentrate2 Jacobs In The Streets, Moses In The Sheets 1 week ago

Doesn’t hurt that the FBI’s day-to-day is a lot different than a city cop’s. Special Agent Sixpack isn’t dealing with belligerent drunk idiots in a nightlife district on Friday night, for instance. Even if you implemented great reforms overnight across every PD in America, it’d still be kind of a shitty job that won’t appeal to lots of people. I’d love to be the person that people call on when they’re in trouble, investigate major crimes, even be a sort of facilitator or mediator for resolving minor disputes. I have no desire to get into a fight with some douchebag who’s had too much to drink.

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trollly :krugman: Paul Krugman 1 week ago

We just need every small town to have its own fbi.

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rememberthesunwell 1 week ago

what's your point

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runnerx4 What you guys are referring to as Linux, is in fac 1 week ago

At least MattY is conceding that the police ~~temper tantrum~~ strike is happening, good for him, hope he mentions it above the paywall and in his Twitter trolling sometimes and convinces the centrist government types about it happening

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Yeangster :rawls: John Rawls 1 week ago

He’s always had that position

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rivrgiv 1 week ago

Not sure why you’re calling it a temper tantrum? They have every right to respond to extremely unfair public criticism by giving the “people” what they asked for: no police.

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thefool808 1 week ago

They can quit if they don't want to do the job. If they don't do their job, and don't want to quit, they should be fired.

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CuriousShallot2 1 week ago

Imagine any other profession just not doing their job and demanding full pay and benefits.

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masq_yimby :george: Henry George 1 week ago

Cops are just mad about basic accountability. Nothing more.

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runnerx4 What you guys are referring to as Linux, is in fac 1 week ago

deranged you are genuinely you cannot possibly hold both “anti-police is a minority unpopular position” and “the people need to be punished by their superiors the cops” in your head unless that

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rivrgiv 1 week ago

This assumes the police, or even most people, are individually aware that being anti-police is a minority position. Sure they know how *they* feel, but the anti-police noise is still SO LOUD as compared to the FAR less exciting neoliberal solutions it’s very easy to believe that it’s still a majority or major plurality position. This also assumes that lots and lots and lots of people are loudly speaking out against Defund instead of quietly rubbing their necks and being like, “yeah I don’t know that doesn’t actually sound like a good idea but I don’t wanna get yelled at so…” We have not beaten that narrative into the ground. We have not aggressively said, “Fuck you, don’t defund the police, that is fucking nonsense.” And aside from basically just Biden all I usually hear from the center left is some version of, “Yeah police are usually bad people but your solution doesn’t work so let’s find something else.” The rational reform talk still largely paints the majority of cops as dogshit. How inspiring for cops to hear! So yeah, while people don’t want police defunded and themselves endangered, they’re still not exactly acknowledging the usefulness of our police, in its pre-2020 form. (It’s not perfect! I never said it was! But still obviously very useful!) That’s how I hold those two thoughts.

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runnerx4 What you guys are referring to as Linux, is in fac 1 week ago

as if the cops are saints here nobody asked them to retreat into Thin Blue Line cultism (a phenomenon that existed before 2020, by the way) and decide they are above criticism while getting paid so much. And they won’t hear it if undying praise of cops becomes the only thing you hear like you want, they’re listening to Fox only or worse

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DisgruntledWombat :nato: NATO 1 week ago

I feel like it should be apparent to anyone that uses their eyes but it’s good to see here. In Chicago I can’t tell you the last time I saw a cop doing anything but sitting in their squad car and scrolling instagram

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EmpiricalAnarchism :nye: Terrorism and Civil Conflict 1 week ago

How do you get smart young graduates to sign up for a program where they will be thrust into a work environment dominated my MAGAKAG Trumpers and replete with bigotry, sexism, and homophobia? Assuring that police are among the most highly paid public sector professionals hasn’t been sufficient, and it’s not immediately evident that continuing to throw money at the police is an effective means of doing so. I agree with the general logic but any such staffing program that isn’t coupled with the firings of a majority of active duty police officers is not going to accomplish much.

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kznlol :cartoon_f22: 1 week ago

i mean i don't know why anyone would volunteer for TFA either but last I checked they get so many applicants that it's actually selective

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EmpiricalAnarchism :nye: Terrorism and Civil Conflict 1 week ago

Different sorting process though.

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JeromesNiece :powell: Jerome Powell 1 week ago

The US needs police officers that know the laws they enforce, and know how to safely and effectively detain suspects. And to achieve that we need to be paying police officers more and spending more on training

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El_US_Government :nafta: NAFTA 1 week ago

So create a centralized training program run by the Marshals or something and require local police departments to have sent all their cops through that program by a certain time post hiring for the department to be eligible to receive federal support.

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Toeknee99 1 week ago

MORE?! They are the highest paid public servants. Wtf do you mean more?

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spudicous :nato: NATO 1 week ago

Public servants aren't paid very well. Police should have much higher standards to meet and should be paid to match.

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EmpiricalAnarchism :nye: Terrorism and Civil Conflict 1 week ago

Police officers are phenomenally well paid. Paying them more is an illogical response to organized efforts by their labor unions to increase grift and stymie reform. We get more knowledgable cops by firing the ones who don’t do their jobs well. Full stop. Police officers without any college attainment frequently make more than Masters-level social workers despite having fewer legal duties and responsibilities, enjoying more workplace protection, and receiving the adulation of their community despite predominantly predatory police practices.

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JeromesNiece :powell: Jerome Powell 1 week ago

I'm definitely sympathetic to the idea that we need police union reform, but if we do that and successfully fire a whole bunch of bad cops, I'm skeptical that we'd be left with a much more competent police force. 6 week police academy or whatever isn't adequate to give a high school graduate knowledge of the law. And without grappling training, you can't expect anyone to know how to safely detain someone without using a taser or gun. Given the nature of the job, it could be the case that we need to set police salaries to be well above the average for civil servants to attract enough competent people. We need to be willing to pay whatever wage that is, even if it makes social workers mad.

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Yeangster :rawls: John Rawls 1 week ago

Tbh, when I hear social workers complaining about how much more cops make, I think, “then just become a cop, lol” You’ll still be able to help people a lot, you can help reform a corrupt institution and broken culture, and you get a good wage and a ton of benefits! Some people say that a progressive minded social worker will get assimilated into the cop mindset and be no better than the thin-blue-line waving, Jan-6 unknown whereabouts asshole. I think that’s true to an extent, but they’ll still bend up one of the more progressive cops, just a bit less progressive than they were before. The downside is that you’ll hate your coworkers. But no job is perfect. And if enough social workers try it, then maybe they won’t hate their coworkers as much.

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ja734 :krugman: Paul Krugman 1 week ago

If we could fire the bad cops, we wouldnt need to raise their pay to attract better ones, because the main thing preventing better people from becoming cops in the first place isn't the pay, its the toxic culture created by the bad cops who need to be fired. They are already being paid more than enough to attract lots of good people if only we could cut out the cancer that has infected their culture.

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CuriousShallot2 1 week ago

While i tend to agree, i would gladly offer higher pay if it really got society the ability to fire sub-par police officers.

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ja734 :krugman: Paul Krugman 1 week ago

If that was actually what was going on then sure, but what's actually happening is that cops are constantly getting pay raises in the vague hope that it will attract better people without anything concrete being done to increase accountability. That strategy has failed and its time to recognize that.

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CuriousShallot2 1 week ago

Oh yes i agree with you there.

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EmpiricalAnarchism :nye: Terrorism and Civil Conflict 1 week ago

>Given the nature of the job, it could be the case that we need to set police salaries to be well above the average for civil servants to attract enough competent people. We need to be willing to pay whatever wage that is, even if it makes social workers mad. It makes a *ton* of sense to pay the people who cause crime more than the people who actually work to resolve it. I'm super convinced.

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JeromesNiece :powell: Jerome Powell 1 week ago

Calling police "the people who cause crime" is very silly. Also, the market wage is set by supply and demand, not by subjective importance.

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danieltheg :george: Henry George 1 week ago

How is the demand side defined for a public sector job like police? Seems like subjective importance would be a big part of it.

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EmpiricalAnarchism :nye: Terrorism and Civil Conflict 1 week ago

> Calling police "the people who cause crime" is very silly. I disagree. A significant amount of the increase in crime we've faced has stemmed from the very public police work slowdown and stoppage that began in the aftermath of Michael Brown's killing in Ferguson. Police, through the lobbying efforts of their elected union officials, have also been a driving force in maintaining laws which greatly expand the criminalization of ordinary Americans and create destitution, hopelessness, and poverty in which rampant criminality thrives. Police have spent decades acting to deteriorate social order as a means of increasing their own ability to grift. They are, frankly, the only profession apart from doctors whom are seen as having absolutely no responsibility for the outcomes of their work. >Also, the market wage is set by supply and demand, not by subjective importance. Right, but supply and demand doesn't impact police wages currently since they are public sector officials who benefit from massive grift and corruption. Police staffing issues are relatively less bad than they are in basically any other public sector field, so market dynamics wouldn't suggest for massively increased spending on police wages at the expense of other public sector workers who do more for less with fewer staff. Frankly, can get a pretty good idea as to what police would be paid in a market system by looking at what similar private roles pay. Security guards around me make in the $9/hr range, so that's the point I'm using until a better alternative is presented.

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BreadfruitNo357 :nafta: NAFTA 1 week ago

>Police officers are phenomenally well paid. This is absolutely not true outside of metro areas. Do you know how big this country is?

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EmpiricalAnarchism :nye: Terrorism and Civil Conflict 1 week ago

Yes and I'm fully aware of the distribution of police salaries outside of major metropolitan areas. Let's take the small city I live as a point of comparison. Entry level patrol officers begin at $49k annually, which raises to $53k after academy completion and maxes out at $64k annually after four years of employment. That's base salary pre-overtime. Meanwhile, entry-level social workers make $31,000 annual; MA-level would make 4% on top of that so about $32,240k. I would wager that this dynamic holds in every single municipality in America.

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BreadfruitNo357 :nafta: NAFTA 1 week ago

Social workers make unacceptable poverty wages. What is your point?

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EmpiricalAnarchism :nye: Terrorism and Civil Conflict 1 week ago

High-school graduates who are less-skilled versions of security guards shouldn't make more than public servants who actually have qualifications and expectations. The security guards outside of the CPS building I used to work make $9 hourly and I can't see why police officers in the surrounding city should make more despite doing far, far less.

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BreadfruitNo357 :nafta: NAFTA 1 week ago

That is....certainly an interesting take. I don't think we're going to agree so I'll just end it there.

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EmpiricalAnarchism :nye: Terrorism and Civil Conflict 1 week ago

To put it less bluntly, the median wage in the area is not such that making $53k is particularly low. There's an absolute glut of warehouse work at about $20 hourly that has driven local wages up to around that - the median individual income in the county is only $35k. Where police salaries are low, all salaries tend to be low. There may be exceptions to the rule, but police are very typically among the most well paid members of their communities, excepting perhaps in very wealthy communities.

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StarLiner42 1 week ago

>Police officers without any college attainment frequently make more than Masters-level social workers despite having fewer legal duties and responsibilities, enjoying more workplace protection, and receiving the adulation of their community despite predominantly predatory police practices. Haha Hahaha Fuck I should just apply to be a police officer instead of a case worker

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Yeangster :rawls: John Rawls 1 week ago

Just do it. You’ll get better pay, a ton of benefits and you’ll still be able to do good work and make a positive difference in people’s lives. The downside is you’ll probably hate your coworkers.

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StarLiner42 1 week ago

I've honestly thought about it before, it seems like an opportunity to at least try to do good while getting paid MSW levels without needing the student loans. But I am a smol thing and not very confrontational, I don't think I would make a good police officer.

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Yeangster :rawls: John Rawls 1 week ago

There are small cops At worst, you’ll be a bad cop for a different reason than most bad cops are bad.

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EmpiricalAnarchism :nye: Terrorism and Civil Conflict 1 week ago

Apply to be anything other than a caseworker, particularly if you're looking at child welfare work.

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StarLiner42 1 week ago

Is it really that bad? Case management seems like a good way to get your foot in the door in social work (and seems to be the among the only thing that takes BSW's) but I keep hearing people scare me away.

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EmpiricalAnarchism :nye: Terrorism and Civil Conflict 1 week ago

I was an ongoing CPS caseworker or two years before moving into case management for a private adoption agency. Your mileage is going to vary by agency but where I worked, our agency administrating would do everything they can to stymie workers from advancing to other positions within the county, including holding people for as long as six months after they accept a transfer position. Routinely, promotions would also be delayed to meet staffing need at lower levels despite no actual efforts being made to retain frontline workers. Couple that with *rampant* criminality among agency leadership, including an incident where they almost killed a kid on my caseload to avoid a regulatory citation and another where they handed me a case telling me to babysit it until something happened (spoiler alert: a kid died), abusive petty insignificant people in positions of leadership, and the constant barrage of bad outcomes without very many good ones to cleanse the palate, the job isn't sustainable unless you're willing to operate at extreme levels of emotional burnout and fatigue. If you want to go the social worker route, I'd recommend a job with your Adult Protective Services/Department on Aging. The scope of their responsibility is much more limited and generally speaking it seems to be less life-snuffing than working in the child welfare system. Or, case management for an adoption agency is a good gig (it's what I'm doing currently).

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StarLiner42 1 week ago

Holy shit that sounds awful. I can't imagine the stress of dealing with managers like that on a daily basis, thank you for sharing your experiences. Every single social worker I've talked to has told me to avoid DCFS at all costs, I guess that's a sign, right? Though decent BSW jobs seem a bit slim, so I may have to take what I can get next when I graduate.

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EmpiricalAnarchism :nye: Terrorism and Civil Conflict 1 week ago

Everywhere is absolutely desperate for people so if you find an entry-level position you think is interesting and you have a pulse odds are you'll be able to get it. Again I would recommend aging or going into private sector case management work (which typically pays a little bit less but trust me the $100 off your paycheck is worth not hating your life). Crisis intervention can also be a good job but it does come with certain dangers and risk that are inherit to it that are perhaps more acute than working for CPS, e.g. I'll just also add this: one of the most common places that my CPS agency lost workers to was the prison. Being a CO was typically seen as a step up (also it paid like 20% more for some reason).

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CuriousShallot2 1 week ago

Paying them more without the ability to clear house on shitty officers will just land you in the same situation. Police officers have enormous labor power to just not enforce the law or enforce it selectively.

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EmpiricalAnarchism :nye: Terrorism and Civil Conflict 1 week ago

Basically, no matter what happens they find some way to grift themselves a pay raise [despite being among the most overpaid members of their communities.](https://www.pennlive.com/opinion/2021/10/middletown-residents-need-to-find-out-whats-wrong-with-their-police-department-pennlive-editorial.html)

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econpol :smith: Adam Smith 1 week ago

Also, an actual duty to help would be nice.

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EmpiricalAnarchism :nye: Terrorism and Civil Conflict 1 week ago

CPS agencies have more of a legal duty to investigate non-criminal allegations than police have to investigate crimes. If this is feasible for child welfare agencies that themselves lack any meaningful legal authority, I don’t see why it isn’t feasible for better-funded, better-staffed, better-paying, less-overworked police agencies to do so either, and until such a legal duty exists I fail to see why we should be paying police anything above the statutory minimum wage to begin with. They’re less than security guards.

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Diehard_Determinist :forest: just another organic machine 1 week ago

Do you have the rest of the text for those of us not subscribed to his substack?

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ShelterOk1535 :summers: Lawrence Summers 1 week ago

I can’t fit the whole thing into a comment, but here’s the first part: I mentioned in a mailbag, but I think part of the strategy for police reform in the United States should be a “Police for America” program modeled on Teach for America. In other words, an initiative funded by donors who care about both crime control and social justice to recruit relatively high-performing graduates of selective colleges and place them for a few years as police officers in high-crime, high-poverty cities. I’ve heard proposals to try to make police departments function more like the military with a distinct entry point for people to do investigative or patrol work. But while I think there’s a certain logic to those proposals, that’s not what I have in mind here. TFA takes entry-level teachers and has them do basically normal entry-level teacher work in the kind of schools that struggle to fill vacancies. It asks people to take on as an idealistic challenge a job that is socially important but not especially desirable in terms of pay or working conditions. And even though TFA obviously does not solve the profound dilemmas of staffing and managing high-poverty schools, all the evidence I’ve seen suggests it works pretty well on a number of levels. Most immediately, TFA teachers improve student outcomes relative to the available alternative. But TFA alumni often take their combination of selective educational credentials and classroom teaching experience to move into school management or education policy. And while TFA used to be a big hot-button topic in the unions vs. reformer wars, one interesting finding in the literature is that TFA experience shifts people’s policy views closer to the direction of the union/progressive consensus. I think this is a promising model for an approach to policing that could improve America’s supply of good cops, help shift the culture of police departments, and improve the human capital available for criminal justice reform by creating a corps of reformers who have law enforcement credibility and perhaps a more realistic perspective than a lot of what’s on offer today. Police reform is hard Once you get past the fantasy that we can wish policing away or “reimagine” public safety in a way that doesn’t involve guys with uniforms and guns, you’re left with the fact that the policing status quo is bad and also hard to change. Officers should be held accountable for misconduct — not just the most extreme forms of misconduct, but relatively minor kinds as well. Yet we see chiefs reluctant to fire officers, and officers who do get dismissed bouncing from department to department. And this is at least in part because in many cases it is genuinely not easy to fill vacancies. Meanwhile, many if not most departments seem to have a deeply ingrained warrior mentality that emphasizes dominance rather than service. Policing has become so politicized that the overwhelming majority of officers, even in very liberal areas, are right-wing and often seem to have barely disguised disdain for the citizens they nominally serve, and not-at-all disguised disdain for the politicians elected to run their cities. Over the course of 2020-21, we saw a massive national wave of shootings and murder that seems to have been caused at least in part by a de facto police strike, tacitly organized to (successfully) push back on momentum for reform. That’s bad on its own terms, and it’s also a ticking time bomb for democracy more broadly. None of this means that reform is impossible. I recently got to read Neil Gross’ forthcoming book, “Walk the Walk: How Three Police Chiefs Defied the Odds and Changed Cop Culture,” which is really great and highlights models for success. But this is not like a super simple three-point checklist that any mayor can just go implement. It’s a lot of intensive hard work that hopefully can spread over time. But this process could be greatly accelerated by getting different kinds of people working in police departments, especially the kind of people who’d likely do well at getting promotions or at going on to hold political office or management roles. And it would also be a healthy shift in this debate if people passionate about change and reform had opportunities to actually do object-level work on policing and perhaps develop more moderate, meliorist views of viable approaches to change.

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ShelterOk1535 :summers: Lawrence Summers 1 week ago

!ping BROKEN-WINDOWS

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groupbot The ping will always get through 1 week ago

Pinged members of BROKEN-WINDOWS group. [About & group list](https://reddit.com/r/neoliberal/wiki/userpinger/documentation) | [Subscribe to this group](https://reddit.com/message/compose?to=groupbot&subject=Add%20yourself%20to%20group%20BROKEN-WINDOWS&message=addtogroup%20BROKEN-WINDOWS) | [Unsubscribe from this group](https://reddit.com/message/compose?to=groupbot&subject=Unsubscribe%20from%20group%20BROKEN-WINDOWS&message=unsubscribe%20BROKEN-WINDOWS) | [Unsubscribe from all groups](https://reddit.com/message/compose?to=groupbot&subject=Unsubscribe%20from%20all%20groups&message=unsubscribe%20)

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RandomGamerFTW :nato: 1 week ago

What’s with all these oddly named pings?

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BenFoldsFourLoko :david-humes: Broke His Text Flair For Hume 1 week ago

funi Klobuchar's was SALAD-COMB lmao tho actually wtf is broken-windows. it's not on the list

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ShelterOk1535 :summers: Lawrence Summers 1 week ago

It’s a crime policy ping that u/Diehard_Determinist recently set up

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AutoModerator 1 week ago

>Diehard_Determinist They knew you'd say that... *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/neoliberal) if you have any questions or concerns.*

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chintokkong Tin 1 week ago

I read the article but don't understand what it means.

Anyone can share and explain what sort of implications are there for the crypto industry with regards to CFTC's action?

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TBradley Tin | Politics 55 1 week ago

Basically saying they allowed trading crypto in the same manner as things they do regulate so it means they should have been regulated. Don’t start allowing margin trades on MtG cards or you might owe a fine to the CFTC.

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Inevitable_Ad_5695 1 week ago

This whole "we're decentralized so you can't regulate us" is basically the same as flash-mobs thinking they can't be policed / arrested...

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pconwell 1 week ago

And what's particularly ironic is the Blockchain documents all their crime publicly for investigators. Wired did an article on how crypto made it *exponentially easier* to track child pornographers. https://www.wired.com/story/tracers-in-the-dark-welcome-to-video-crypto-anonymity-myth/

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AmericanScream 1 week ago

Additional details here

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Soyweiser Tokenmancer 1 week ago

Mom what does personally liable mean?

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89Hopper 1 week ago

I only buried a landmine in the park. Whatever it does after that is not my responsibility. It will only decide to blow up if certain conditions are met and I can't be held responsible if that happens.

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Ok-Row-6131 1 week ago

The landmine is a separate entity, why should you be responsible /s

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Dirt-Purple Actually Does Understand 1 week ago

Look these morons were running an illegal futures platform. Its beyond dumb to attempt these things being US citizens. Did they really think the law wouldnt get to them? Futures platforms are heavily regulated and rightly so because they offer leverage to traders and regulations exist to protect the users incase the platform goes belly up with leverage

This platfork Ooki also got hacked few times, so yea they already lost user funds.

Have fun paying those fines, getting sued and staying poor

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Ok-Row-6131 1 week ago

It's cute how Butters think they write the rules here.

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UmichAgnos 1 week ago

code is law..... until it runs into THE LAW.

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incubus4282 1 week ago

CFTC won't let them be.

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the_joy_of_hex 1 week ago

No more margin trades with BTC Time to shut 'em down for running a ponzi But it feels so empty without McAfee

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HopeFox 1 week ago

If only there were a way for people to limit their liability when they do stuff in company.

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preytowolves 1 week ago

I dont think its fair that one can use the buffer of LLC to perpetrate crimes without consequences. In number go up, there is that dao that just decided to infringe on some IPs and shrugged it off “its dao, not us, besides now its on the blockchain so..” they need to be slammed by full extend of the law.

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HopeFox 1 week ago

>I dont think its fair that one can use the buffer of LLC to perpetrate crimes without consequences. I agree, but this particular article is about a civil action. Courts are much more willing to pierce the corporate veil in criminal cases. Limited liability mostly stops investors from going personally bankrupt, not from going to prison.

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preytowolves 1 week ago

right. my limited understanding is that in criminal cases it really isnt much protection. would be fun: cosa nostra LLC

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luitzenh 1 week ago

You can even go to jail if people in the chain below you mess up and you fail to oversee them properly. You don't even need to be an owner or a partner. Senior management in my company need to be approved by the FCA before starting their job and I think they also need frequent certification.

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preytowolves 1 week ago

has to be a serious case of negligence, wasnt under the impression that white collar crime penalties were that harsh tbh… how the hell are sacklers or BP directors free?

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grauenwolf 1 week ago

You definitely can. That's why audit firms aren't allowed to be LLCs. They have to be partnerships so that the owners are personally liable in the event of malfeasance or incompetence. I know because it was my job to explain to the SEC how my firm won't mess up again after we failed to detect a company cooking their books.

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preytowolves 1 week ago

got it. thanks.

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Effective_Will_1801 1 week ago

>dont think its fair that one can use the buffer of LLC to perpetrate crimes without consequences. Isn't that the point of "piercing the corporate veil"?

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No_Device_1701 1 week ago

The CFTC also seems to be going after individual token holders who exercised governance rights.

That's what you get for operating an unlicensed platform.

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