We are excited to announce that Ren has been promoted to Partner at Electric Capital. In keeping with our unique approach of hiring engineers instead of investors, Ren is also an engineer and will continue to ship code along with his investment responsibilities.

We are excited to announce Thuan Le’s promotion to Partner and Head of Founder Platform at Electric Capital.

On September 7, 2023, the Commodities Futures Trading Commission (CFTC) announced settlements of enforcement actions with 3 decentralized exchanges (DEXs): Opyn, ZeroEx, and Deridex.

The SEC has sued Binance and Coinbase for operating unregistered securities exchanges and offering unregistered securities, including their staking programs. Coinbase also faces 10 companion state cases relating only to its staking program for retail users.

On Friday, June 2, 2023, Representatives McHenry and Thompson released a digital asset market structure draft proposal. The House Financial Services Committee leadership published both text of the discussion draft and a section-by-section summary. This joint effort between the majority members of the House Financial Services and Agriculture Committees is a significant attempt at comprehensive US regulation for digital assets. 

One of the key stories in crypto over the last two years has been the rise of Layer 2s. In a short span of time, they have attracted billions in TVL, and transaction volume on Arbitrum alone now rivals that on mainnet Ethereum.

We are excited to announce that Ken Deeter and Maria Shen have been promoted to General Partners at Electric Capital. All of Electric Capital’s Partners are engineers.

Elad Gil, Akash Garg, & Rebecca Rettig join as Electric Capital Advisors to Support Crypto Founders

I am psyched to join Electric Capital as an engineer.