Скачать или смотреть 💸 JPMD's Opaque Launch, SEC's Toothless Framework & The MEV Bot Trial Deadlock

Navigate the murky waters of crypto regulation and questionable "decentralization" this week. From JPMorgan's permission-gated deposit token to the SEC's lack of enforcement teeth against decentralization fraud—this episode exposes the gap between crypto's promises and its reality.

🏦 JPMD Token: Transparency Theater
We dissect JPMorgan's deposit token launch and why calling it "transparent" is laughable. With everything routed through a single admin entrypoint contract and opaque permission schemes, JPMD is swappable for USDC on Base... but only if they allow it. We decode the Kinexsys scheme's architecture and explain why access to the database doesn't mean you can actually read it. Is this what institutional crypto was supposed to look like?

⚖️ SEC's Token Taxonomy: Still Missing the Point
Commissioner Atkins delivered remarks on the SEC's approach to digital assets, introducing a token taxonomy framework. Sounds promising, right? We break down why this plan falls short without mechanisms to combat decentralization fraud. "Investment contracts can expire" is fair—but what happens when projects lie about performing on those investment promises? The SEC still has no answer for pump-and-dump schemes disguised as decentralized protocols.

🤖 Peraire-Bueno MEV Bot Case: Jury Deadlock
The trial for exploiting an MEV bot's error handling code ends in a hung jury. We explore the murky legal questions around intent, knowledge, and good faith that stumped jurors. Is triggering a bad error condition in someone's bot actually a crime? The prosecution wants a retrial, but the strange motivations behind this SDNY case raise eyebrows. This one's far from over.

🔒 ByBit Freeze Report: Centralization Exposed
ByBit's security report details freeze capabilities across multiple chains that are supposedly "decentralized." From BNB Smart Chain's centralized controls (remember the Venus protocol hack?) to other chains with admin backdoors—we examine why none of this is new and why it matters legally. Spoiler: it's all a disaster area of centralized control masquerading as DeFi.

Don't miss this critical analysis of crypto's transparency problem and regulatory theater.