How does crypto dot com keep avoiding this trouble? I know their derivatives product is registered with the cftc but their exchange isn’t registered with the sec. So where’s their scandalous lawsuit? I wonder about that, and like you wrote, not surprised this lawsuit came. What I’m eagerly anticipating is the first one against a Defi platform. I’m taking bets that Uniswap gets a notice by the end of the year 🤞🏽
I read this after I read the NYT story. I have tons of respect for the Times, so am sorry to say it’s story gives some credence to the idea that the SEC charges are the government picking on a industry that is inherently anti-government. The story gives false equivalency to the crypto POV rather that putting it in context of the government protecting consumers from a corrupt industry that has ripped off billions.
I submitted this as a Letter to Editor of the Billings (MT) Gazette. Given I mentioned your great newsletter, I hope it gets published:
Montana State Senators Shane Morigeau and Daniel Zolnikov will regret their SB 178, which promotes cryptocurrency mining in Montana. They ignore the truth: cryptocurrency is a disaster. It wastes huge quantities of electricity and the resources that produce it. It makes economies less stable. It ties up courts and government agencies in bankruptcies and legal suits. And, why? Cryptocurrency does create jobs, yes, for a lot of crooks and cops and lawyers. And, lobbyists, some retired Congressional leaders.
Crypto crooks are in our daily news, but for a running look at the action, browse Molly White’s “White Letter.” She has testified in hearings and appeared on international panels, all because she publishes the flood of court cases and the stunning number of thefts and “rug-pulls” that occur every week. I never knew that there are so many crooks.
Instead of inviting more crooks to Montana, Senators Morigeau and Zolnikov should instead sponsor legislation to require that Tribes who sell “green power” from hydro dams to cryptos get paid in US$.
The only thing they got right is that: “The U.S. Congress should use Montana’s legislation as a model and pass a Federal digital asset protection law.” Yes, require that cryptocurrencies be backed by US dollars, and in open markets where they media can show us what they are really worth.
In summary the 'BAM CEO A' and 'BAM CEO B' from the complaint are C.C. and B.B. respectively, if the SEC had had any humor (rare amongst government officials I suppose), they might have named C.C. 'BAM CEO C'.
SEC v. Binance: "A web of deception"
How does crypto dot com keep avoiding this trouble? I know their derivatives product is registered with the cftc but their exchange isn’t registered with the sec. So where’s their scandalous lawsuit? I wonder about that, and like you wrote, not surprised this lawsuit came. What I’m eagerly anticipating is the first one against a Defi platform. I’m taking bets that Uniswap gets a notice by the end of the year 🤞🏽
I read this after I read the NYT story. I have tons of respect for the Times, so am sorry to say it’s story gives some credence to the idea that the SEC charges are the government picking on a industry that is inherently anti-government. The story gives false equivalency to the crypto POV rather that putting it in context of the government protecting consumers from a corrupt industry that has ripped off billions.
I submitted this as a Letter to Editor of the Billings (MT) Gazette. Given I mentioned your great newsletter, I hope it gets published:
Montana State Senators Shane Morigeau and Daniel Zolnikov will regret their SB 178, which promotes cryptocurrency mining in Montana. They ignore the truth: cryptocurrency is a disaster. It wastes huge quantities of electricity and the resources that produce it. It makes economies less stable. It ties up courts and government agencies in bankruptcies and legal suits. And, why? Cryptocurrency does create jobs, yes, for a lot of crooks and cops and lawyers. And, lobbyists, some retired Congressional leaders.
Crypto crooks are in our daily news, but for a running look at the action, browse Molly White’s “White Letter.” She has testified in hearings and appeared on international panels, all because she publishes the flood of court cases and the stunning number of thefts and “rug-pulls” that occur every week. I never knew that there are so many crooks.
Instead of inviting more crooks to Montana, Senators Morigeau and Zolnikov should instead sponsor legislation to require that Tribes who sell “green power” from hydro dams to cryptos get paid in US$.
The only thing they got right is that: “The U.S. Congress should use Montana’s legislation as a model and pass a Federal digital asset protection law.” Yes, require that cryptocurrencies be backed by US dollars, and in open markets where they media can show us what they are really worth.
Looks like I am going to need a Costco run for popcorn.
This should be epic to watch
In summary the 'BAM CEO A' and 'BAM CEO B' from the complaint are C.C. and B.B. respectively, if the SEC had had any humor (rare amongst government officials I suppose), they might have named C.C. 'BAM CEO C'.
https://cointelegraph.com/news/crypto-com-joins-ranks-of-licensed-payment-institutions-in-singapore
https://ambcrypto.com/stablecoin-issuer-circle-receives-license-in-singapore/