Co-Founder and CEO at The Network Firm. Co-Father of the Real-Time Attest. Proof of Reserves trail blazer. Opinions are my own.
San Francisco
Joined May 2012
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@The_NetworkFirm representing tomorrow. Tune in!
🔊 Announcing our next X-Spaces 🚀🐂📈
The Truth about Proof of Reserves in Stablecoins.
🗓️ July 23, 2025 | 🕓 4pm UTC
📍 teapaw.org/i/spaces/1kvJpymrekDxE
👥 Epic Host @BoredElonMusk
🎙️ This episode's lineup 👇
✅ @JeremyNauCPA of @The_NetworkFirm
✅ Andreas Lutz of @OFD_BNB
✅ @sebergo of Stabull Finance
🌍 Come join the stampede into #Stablecoins, this space is no bull💩!
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Previously No Crypto (PNC) is now Pragmatically Noncustodial Crypto - Is this the way?
DIY crypto offerings for a bank has been among the steepest regulatory hills in the space. What other providers will support competition for crypto-as-a-service to banks?
Customers of one of the largest banks in the US wanted easier access to crypto.
So we've partnered with them to make it happen. @PNCBank clients will soon be able to buy, sell and hold crypto.
LFG! Team at @The_NetworkFirm will be on mandatory assignment. 👀 youtube.com/watch?v=HPMh3AO4…
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@SenThomTillis has re-introduced the PROOF Act requiring Proof of Reserves for exchanges and crypto custodians. Nice work. 👏 This 1 page statement on the Bill makes the problem and the solution clear. Support PoR for safe and transparent crypto markets! tillis.senate.gov/services/f…
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Meant to share earlier... join now - these guys are just getting warmed up on some good crypto tax insights! teapaw.org/i/spaces/1OdKrDQDpQlJX
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Whitehouse signals intent to sign "disapproval" (effective repeal) of the IRS Rule that would required crypto exchanges to report proceeds (and later cap gain/loss) on customer trades (#1099-DA). #cryptotax
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News about to drop... No Cap Gains on on tokens from US Crypto Companies? I guess that means no cap losses to offset gains on non-US cryptos?
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Shill post, not-shill post. I'm jumping in the pond for this one bc there are some incredible individuals involved (and we're having fun) + I am learning: minted via bonding curve on @curvedwtf and @metaplex contracts. Cool tech, fun art, good peeps. Ribbit!
This Post is from an account that no longer exists. Learn more
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3rd largest stablecoin is backed by exchange balances in a delta-neutral spot + derivatives strategy. What could go wrong? Seems like a good opportunity for #proofofReserves. Unlike fiat-backed stables, this model has large asset mgmt and counterparty risks.
TOP #STABLECOINS BY MARKET CAPITALIZATION
TOTAL #STABLE MARKET CAP - $198.92B
STABLE DOMINANCE - 5.98%
USDT DOMINANCE - 69.69%
$USDT $USDC $USDe $DAI $FDUSD $USDD $FRAX $PYUSD $TUSD
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#bitcoin Strategic Reserves Bill. Incredible milestone. If passed, will be seen in hindsight as THE moment the US reversed its US Dollar hegemony decline and secured our future as the world's reserve currency for decades to come. Credit @SenLummis for incredible vision.
Excitement is cyclical and short-lived. We need a longer-term solution for the infrastructure of trust and transparency in the tokenized world. Let's build this foundation together.
How does trust fuel adoption in financial markets?
Our CEO, Noah Buxton, explains here: bit.ly/4d4JgB2
⏰ June 2022: Noah Buxton appeared on @Bloomberg for an interview discussing the chaos created by the Terra Luna collapse.
⏰ He followed with an article diving deeper on the points shared during that interview.
📅 Noah and team had championed more trust andtransparency in digital assets for years, but mid
-2022 cotagion provided a new wake up call for many.
💡This original article, now re-published, provides historical context on trust in capital markets, but also a snapshot of our 2022-era thinking. And it remains highly-relevant for CPAs and Crypto Industry today.
This TNF article covers:
👉 The impact of the Terra collapse
👉 How, in the following weeks of the crash, Celsius was the first large player to show the bruises of Terra contagion
👉 How strong markets require visibility and trust
👉 Why the case for increased trust infrastructure has never been clearer
👉 An historical take from the first organized capital markets
👉 Why this isn’t a new problem, just a new industry
👉 Why the trend is still our friend
💡 As markets change, so too must the methods and tech that enable the requisite level of trust and transparency
#digitalassets #trust #attest #audit #digitalassetregulation #tokenization #proofofreserves
⚠ Alert ⚠ Did you know the Texas Department of Banking just released a proposed rule regarding the State's #ProofofReserves law and compliance requirements?
🔗sos.texas.gov/texreg/archive…
👀 Watch this space. The contribution and participation of both digital asset industry members, as well as #CPA practitioners is important as new consumer protection measures develop.
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#ProofofWork - We do a lot of things @The_NetworkFirm - but one of the areas where we stand head and shoulders above others is client service. Crypto basis tracking isn't easy, but the team has done 1000's of cycles now, so we have literally seen it all!
I’m proud to have penned this important paper with help of Chamber members. The guide to Guide remains the most comprehensive source on this important topic, but is also significantly expanded and more useful to policymakers, investors, operators, and audit firms. Read and share!
After the collapse of FTX, exchanges and custodians providing proof of reserves are more important now than ever. That's why we developed a new and improved guide for Proof of Reserves. Our updated guide serves as a framework to strengthen transparency and trust in crypto custodians and exchanges, aiming to create a safer future for customers. Read it today: digitalchamber.org/guideproo…
Let's shape the future of #blockchain & #crypto regulation together! #ProofofReserves moving forward! Don't miss DC Blockchain Summit. I'll be speaking alongside leading regulators, policymakers, and executives on May 15, 2024. Sign up now: bit.ly/DCSummitSpeakers #CryptoPolicy
