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CryptoLaw
U.S. Legal and Regulatory News for Digital Asset Holders. Founded by John Deaton. (Temporarily limiting replies on some posts to fight scam bots.)
CryptoLaw kirjasi uudelleen
#Crypto IMO, @SenWarren @AOC @BernieSanders @SenSchumer and the Dems made a fatal and generally hypocritical error in deciding to deride the crypto industry and its supporters and siding with entrenched and monopolistic big banks. Now, crypto has MONEY and power. Big failure
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As Congress works on historic crypto legislation this week, the stakes couldn’t be higher: 55 million Americans own crypto—and three in four say we need smart, clear laws. These bills are designed to protect the everyday Americans who own and use digital assets.
@NatCryptoAssoc will continue to be a trusted resource, educating and demystifying crypto as the landscape evolves.
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CryptoLaw kirjasi uudelleen
Two years ago Judge Torres stated “XRP itself is not a security” and cited the nearly 4K XRP Holder Affidavits I submitted in the case.
Out of over 2K Exhibits submitted by the parties, Judge Torres only cited a few dozen in her Summary Judgment Decision - XRP Holder Affidavits was one of them.
When ruling secondary market sales of XRP NOT securities, she ALSO cited my efforts as amicus counsel for @naomibrockwell in the @LBRYcom case (see FN 16 of the Decision).
One hour after the Torres Decision, @coinbase @krakenfx and others relisted XRP for trading and we made HISTORY defeating the @SECGov.
NEVER let someone tell you that you can’t make a difference and that it’s useless fighting the Government.
The XRP Holders who joined the cause deserve much credit. @naomibrockwell deserves credit for taking the risk of highlighting herself by allowing me to represent her as amicus counsel. We made a real difference in Crypto history and we have the receipts to prove it.
And thanks to @CGasparino for not picking a cheap restaurant in Manhattan. The 🥩 and 🥃 and convo were all great!
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CryptoLaw kirjasi uudelleen
REGARDING LINQTO:
If you’re a @linqtoinc customer and SPV Private Equity Unit Holder, please tune in tomorrow. It’ll be recorded for those who cannot watch at 2:30PM EST.
I’ll go over the NEXT STEPS in the Bankruptcy Process. Many of you have received emails about participating on the Creditors Committee. I’ll explain what that means and go over what you need to know. I’ll also explain why I filed the case against the founder former CEO and what it means and how it relates or doesn’t relate to the bankruptcy process.
BUT KNOW THIS:
There’s between $500M - $2B in CUSTOMER/INVESTOR MONEY💰 - NOT Linqto money - on the Platform - and part of the Bankruptcy.
Please know, WE have power and a say in ultimately what happens.
If you know anyone who’s a Linqto customer please pass along this post.
I know a lot of folks are nervous and experiencing anxiety because they have a substantial percentage (if not all) of their retirement funds locked on the platform and at stake. Don’t let the naysayers convince you that your money or your investments are gone and lost forever or that you’ll only get pennies on the dollar.
Not true!
If we organize and stay united, we’ll do better than o.k.
See you tomorrow.
72,37K
CryptoLaw kirjasi uudelleen
Vote on Gould for Comptroller of the Currency will be this afternoon.
He is pro-crypto with a track record that includes greenlighting crypto custody and stablecoin guidance while at the @USOCC and later serving as chief legal officer at Bitfury.
However, some in the industry worry Gould could undermine state-federal parity by pushing to bring all crypto firms under OCC oversight, leaving only a handful of crypto firms regulated by the states in a few years.
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