Reading between the lines of what they are saying and comparing it to their actions (14 CLOSED door meetings so far this year), is the SEC preparing to take action behind closed doors?
Reddit Post
Latest
SEC Alert! Special filing with Federal Register: SEC submits notice for the 14th CLOSED door meeting this year via the Sunshine Act for 2:00 p.m. on Thursday, April 13, 2023.
Source: https://public-inspection.federalregister.gov/2023-07618.pdf
Previous CLOSED door meetings this year:
Meeting NumberDateSuperstonk Coverage134/6https://www.reddit.com/r/Superstonk/comments/126y4gw/sec_alert_special_filing_with_federal_register/123/30https://www.reddit.com/r/Superstonk/comments/11zw0jo/sec_alert_special_filing_with_federal_register/113/23https://www.
Treasury Alert! Janet Yellen's remarks ring alarm๐: Unmasking the Powder Keg of Money Markets & Hedge Funds ๐ฃ - A Tangled Web of Risk, Leverage, and Regulatory Blind Spots. Dive in to learn more!
Remarks by Secretary of the Treasury Janet L. Yellen at the National Association for Business Economics 39th Annual Economic Policy Conference
Source: https://home.treasury.gov/news/press-releases/jy1376 (well worth a full read).
Before reviewing Yellen's remarks, some level setting:
* Macroprudential policy aims to bolster the resilience
A conclusion from Treasury's 2023 DeFi Illicit Finance Risk Assessment: "Moreover, money laundering, proliferation financing, and terrorist financing most commonly occur using fiat currency or other traditional assets as opposed to virtual assets."
If fiat 'invented' today, would be banned, right?
Good evening apes, digging into this post a little deeper from earlier today:
Treasury Releases 2023 DeFi Illicit Finance Risk Assessment: "The ability to use data from the public blockchain in addition to the development of industry driven compliance
Fed Alert! $363.82 billion as of 4/5 ($1,464 billion so far...): An update on the tools the Fed is using to give banks liquidity while 'we' get Inflation & Rate Hikes.
Good afternoon Superstonk, resident jellyfish back with you for another week's Fed review. Let's get to it!
This week's Fed balance Sheet:
https://www.federalreserve.gov/releases/h41/20230406/
What we are monitoring:
* Discount Window/Primary Credit
* Central Bank Liquidity Swaps
* Bank Term Funding
Federal Reserve Alert! Sunshine Meeting Notice for a CLOSED meeting under Expedited Procedures of the Board of Governors of the Federal Reserve System at 11:30 a.m. on April 10, 2023.
https://www.federalreserve.gov/aboutthefed/boardmeetings/20230410closed.htm
Source: https://www.federalreserve.gov/aboutthefed/boardmeetings/20230410closed.htm
Summary:
A closed meeting of the Board of Governors of the Federal Reserve System will be held under expedited procedures at 11:30 a.m. on April 10, 2023.
Matter(s) considered: Review
Treasury 2023 DeFi Illicit Finance Risk Assessment: "The ability to use data from the public blockchain in addition to the development of industry driven compliance solutions for DeFi services can also help mitigate some illicit finance risks"
Source: https://home.treasury.gov/system/files/136/DeFi-Risk-Full-Review.pdf
Executive Summary
* This risk assessment explores how illicit actors are abusing what is commonly referred to as decentralized finance (DeFi) services as well as vulnerabilities unique to DeFi services.
* The findings will inform efforts to identify and address potential gaps