Gary Wachtel (@gary_offchain) header
Gary Wachtel (@gary_offchain) profile picture

@OffchainLabs General Counsel // all views are my own.

Arbitrum
Joined August 2023
Photo by Gary Wachtel (@gary_offchain)Photo by Gary Wachtel (@gary_offchain)Photo by Gary Wachtel (@gary_offchain)Photo by Gary Wachtel (@gary_offchain)Photo by Gary Wachtel (@gary_offchain)Photo by Gary Wachtel (@gary_offchain)Photo by Gary Wachtel (@gary_offchain)Photo by Gary Wachtel (@gary_offchain)Photo by Gary Wachtel (@gary_offchain)Photo by Gary Wachtel (@gary_offchain)
Super excited to build with @crossriverbank !
We’re partnering with @crossriverbank to integrate tokenization directly into its lending platform. @Offchain Enterprise Services brings dedicated engineering together with @Arbitrum One and @ZeroDev wallet infrastructure in a single delivery. crossriver.com/newsroom/cros…
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Gary Wachtel retweeted
Glamsterdam upgrade went live on Ethereum Sepolia yesterday. @Arbitrum Sepolia, @RobinhoodCrypto Testnet, & the @prylabs consensus client continued operating flawlessly despite major protocol changes. Huge credit to @Offchain engineers for making a complex upgrade look routine.
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I don't "expect" this to happen. It is already happening.
NEW: Morgan Stanley says Wall Street could capture much of the value from crypto’s growth as blockchain technology moves deeper into traditional finance. The bank expects digital assets to become part of the existing financial system rather than replace it.
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ecosystem broadening
$USDG from @Paxos is now live on Arbitrum. Joining the Global Dollar Network brings Arbitrum closer to GDN members like @RobinhoodApp, @krakenfx, @OKX and more. We'll grow $USDG as a core asset on Arbitrum One through partner incentives and protocol-level integrations. 🧵
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Gary Wachtel retweeted
We will look back on today as an historic day in the growth of @arbitrum. Much of the growth that we are looking to do across yield, savings and trading has been predicated on the launch of this partnership. Really excited to work with @Paxos and all our partners
$USDG from @Paxos is now live on Arbitrum. Joining the Global Dollar Network brings Arbitrum closer to GDN members like @RobinhoodApp, @krakenfx, @OKX and more. We'll grow $USDG as a core asset on Arbitrum One through partner incentives and protocol-level integrations. 🧵
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Arbitrum
Will be in Singapore this week spreading the Arbitrum story. The world’s largest institutions are coming onchain, and Arbitrum is the infrastructure of choice. If you’re reading this, you’re still early.
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JUST IN: Tom Lee says crypto has entered a "bull market."
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.@Offchain is excited to participate in this @BlockchainAssn Vaults Workstream!
1/ Blockchain Association recently launched its Vaults Workstream, and we’re proud to be joined by dozens of leading member organizations helping shape policy discussions in Washington. This level of engagement reflects the growing importance of vaults and related onchain technologies. @a16zcrypto @aave @Casper_Network @DinariGlobal @dydxfoundation @ethena @FalconXGlobal @FWDind @grayscale @ground_onchain @HallidayHQ @injective @monarq_mgmt @Morpho @multicoin @Mysten_Labs @Offchain @0xPredicate @plumenetwork @StellarOrg @UDHC @Uniswap @wintermute_t
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Agree w/@lex_node - initial thoughts on what today's @SECGov Innovation Exemption is and is not.
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Gary Wachtel retweeted
Good to see the SEC move on this. A real, workable path for tokenized securities is a big step for global onchain markets. Arbitrum just crossed 5,000 tokenized RWAs, so the infrastructure is more than ready to meet the moment in America and abroad.
🚨 TODAY: The SEC issued an order granting temporary, conditional exemptive relief to Tokenized Securities Venues from the definition of “exchange” in the Exchange Act to trade tokenized NMS stock using innovative permissioned automated market makers and liquidity pools.
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This will change how the market deals with tokenized securities. More to come. This is also another extremely clear signal that the @SECGov and @CFTC will aggressively pursue rules in the absence of CLARITY.
🚨 TODAY: The SEC issued an order granting temporary, conditional exemptive relief to Tokenized Securities Venues from the definition of “exchange” in the Exchange Act to trade tokenized NMS stock using innovative permissioned automated market makers and liquidity pools.
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Gary Wachtel retweeted
BREAKING: The US House Ways and Means Committee advances the Digital Asset Tax Certainty Act in a 38–5 vote, sending the crypto tax bill to the full House.
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OK - No. Time for @SECGov & @CFTC to publish rules. It will be OK.
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