“Defendants are left to argue that Director Hinman was not a high-ranking government official. This is ironic.”
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“We could do that. We’ve always thought about our product as ‘How do we solve a customer’s problem first and foremost?’”
Mt. Gox’s saga, from its dominance in Bitcoin trading to its dramatic collapse, serves as a stark reminder of the volatility and risks in the cryptocurrency market.
Crystal specializes in providing blockchain intelligence solutions that cater to regulators, law enforcement agencies, and financial institutions, aiming to navigate the intricate world of cryptocurrencies with superior analytical tools and intelligence.
Since December 2021, the CFTC has slapped fines totaling roughly $1.117 billion on two dozen financial institutions, citing unendorsed communication channels that contravene CFTC’s recordkeeping and supervision mandates.
The decentralized crypto funding protocol AngelBlock is appealing to DeFi fans to take a good look at SOLA-X, the first project seeking to raise funding on its platform.
By Jeffrey O’Connor, Head of Market Structure, Americas, at Liquidnet.
SEC v. Ripple Labs has entertained the digital asset industry ever since being filed in 22 December 2020. Nearly two years in, both parties have addressed the court to pursue a summary judgment in order to avoid going to trial.
The Malta Financial Services Authority (MFSA), the regulator responsible for the oversight of the Forex sector in the Mediterranean island, today issued a warning against a forex broker that offers its services without having the authorization to do so.
Documents unsealed on February 17 may determine the outcome of the SEC v. Ripple lawsuit.
“From what we can tell, Ripple has been working with banks to help them build infrastructure to make cross-border payments but few are using Ripple’s actual cryptocurrency to execute them”.
As to Chris Larsen’s email chain, his counterpart, Carlos, is a Portuguese national residing in Portugal – known to be one of the world’s favorite crypto tax havens and generally a top tax haven for expats.
“What’s crazy ironic, is that, with Gensler at the helm, the lawsuit could ultimately give Ripple and XRP an advantage moving forward”.
In 2019, SEC’s Amy Starr and Coinbase’s Dorothy DeWitt made comments that are now considered critical evidence for Ripple’s Fair Notice defense and whether XRP is a security or not.
“Mr. Hinman’s personal views as to XRP’s status are dubious, in any event, given his testimony that not all of the factors laid out in Howey need to be met to be an investment contract.”
As you may be aware, the Ripple lawsuit shows little signs of ending anytime soon. While there are many reasons why the case is complicated, one aspect has become notable recently. This is the US Securities and Exchange Commission’s (SEC) firm insistence that William Hinman cannot be allowed to testify in the lawsuit. But, why is Hinman so important and why is the SEC so adamant in their position.
“Although the SEC claims that all XRP are unregistered securities and Brad Garlinghouse and Chris Larsen unjustly enriched themselves, it allows Ripple Co-founder JedMcCaleb to sell his XRP for hundreds of millions of dollars to possibly buy MoneyGram. Makes perfect sense”, said XRP Holders’ attorney John Denton ironically.
The deposition will take place on Monday, July 19.
“If that was not a clear conflict of interest, then he needs to explain why under oath”.
