ogc163
Superstar
Cool image, is that your NFT?
African-Americans Outpace Whites & Hispanics In Cryptocurrency Investments, A New Avenue to Wealth
- Thread starter ogc163
- Start date
ogc163
Superstar
New ruling in SEC’s Coinbase insider trading lawsuit comes as a blow to the crypto industry as judge finds secondary token sales were securities
A federal judge agreed with Gary Gensler that sales of certain crypto assets are securities, even on secondary markets like exchanges.
ADevilYouKhow
Rhyme Reason
ogc163
Superstar
The SEC can sue Coinbase for offering unregistered securities, judge rules
The question of who gets to regulate crypto has some answers, as a judge has ruled the Securities and Exchange Commission’s securities lawsuit against Coinbase can continue. US District Judge Katherine Polk Failla ruled that under federal securities laws, “the SEC has sufficiently pleaded that Coinbase operates as an exchange, as a broker, and as a clearing agency under the federal securities laws, and, through its Staking Program, engages in the unregistered offer and sale of securities.”
Despite arguments from some in the crypto community that existing laws are inadequate, the judge rejected those claims directly, writing, “The ‘crypto’ nomenclature may be of recent vintage, but the challenged transactions fall comfortably within the framework that courts have used to identify securities for nearly eighty years.”
While the judge ruled against most of Coinbase’s arguments for dismissal, she dismissed the SEC’s claims against its Wallet. The SEC’s arguments “fall short of demonstrating that Coinbase acts as a ‘broker’ by making Wallet available to customers,” said Judge Failla.
In response to the ruling, Coinbase chief legal officer Paul Grewal tweeted, “Early motions like ours against a government agency are almost always denied. But clarity is the ultimate goal and today’s decision continues us on that path.”
88m3
Fast Money & Foreign Objects
that's outrageous there needs be severe sanctions and serious prison time handed down
Did you hear about this?
Nigeria Binance dispute: British-Kenyan executive Nadeem Anjarwalla escapes from custody
Nadeem Anjarwalla's family say he left "lawfully" but the authorities say he had a "smuggled passport".
www.bbc.com
all these lawsuits aint none sticking
ogc163
Superstar
that's outrageous there needs be severe sanctions and serious prison time handed down
Did you hear about this?
Nigeria Binance dispute: British-Kenyan executive Nadeem Anjarwalla escapes from custody
Nadeem Anjarwalla's family say he left "lawfully" but the authorities say he had a "smuggled passport".www.bbc.com
Damn Nigerians are just some haters, Binance and crypto in general has a strong history of complying with the law.
ogc163
Superstar
Federal prosecutors in Manhattan on Tuesday charged KuCoin, one of the world's largest cryptocurrency exchanges, with violating U.S. anti-money laundering laws by failing to vet customers, allowing billions of dollars in illicit funds to be transferred since its founding in 2017.
Prosecutors said the Seychelles-based exchange sought business from U.S. customers without registering with the Treasury Department and putting in place procedures to verify clients' identities as required by U.S. law.
KuCoin posted on social media site X that customer assets are safe and its lawyers are looking into the allegations.
"KuCoin respect the laws and regulations of various countries and strictly adheres to compliance standards," it said.
Prosecutors also charged the exchange's founders, Chinese nationals Chun Gan, 34, and Ke Tang, 39, with conspiracy. They remain at large, according to prosecutors.
The U.S. Commodity Futures Trading Commission separately filed a civil lawsuit against KuCoin alleging it failed to register its futures and swaps activities with the regulator.
KuCoin in December agreed to block New York users from its platform and pay $22 million to settle the state's lawsuit accusing it of failing to register there.
KuCoin trails Binance, Coinbase and Kraken among cryptocurrency spot exchanges on factors including traffic, liquidity and trading volumes, according to the data company CoinMarketCap.
Prosecutors said the Seychelles-based exchange sought business from U.S. customers without registering with the Treasury Department and putting in place procedures to verify clients' identities as required by U.S. law.
KuCoin posted on social media site X that customer assets are safe and its lawyers are looking into the allegations.
"KuCoin respect the laws and regulations of various countries and strictly adheres to compliance standards," it said.
Prosecutors also charged the exchange's founders, Chinese nationals Chun Gan, 34, and Ke Tang, 39, with conspiracy. They remain at large, according to prosecutors.
The U.S. Commodity Futures Trading Commission separately filed a civil lawsuit against KuCoin alleging it failed to register its futures and swaps activities with the regulator.
KuCoin in December agreed to block New York users from its platform and pay $22 million to settle the state's lawsuit accusing it of failing to register there.
KuCoin trails Binance, Coinbase and Kraken among cryptocurrency spot exchanges on factors including traffic, liquidity and trading volumes, according to the data company CoinMarketCap.
Lucky_Lefty
Dreams Are Colder Than Death...
outside of BTC, investing in crypto is fools gold and if you're stupid enough to bet your life on it, you deserve to live under a bridge with a shopping cart. I have zero sympathy
ADevilYouKhow
Rhyme Reason
NOELREPORTS 🇪🇺 🇺🇦 (@noelreports@mstdn.social)
The US and UK are reviewing more than $20 billion of cryptocurrency transactions that passed through a Russia-based virtual exchange, as part of allied efforts to crack down on the sanctions evasion that’s supporting Putin’s war in Ukraine...
Propaganda
Superstar
lol nah. i agree with the rest though.
sbf getting 25. okay...and what about his fukking dad? dude was an ftx employee...and at the same time, was/is a fukking a professor of law and business at stanford of all things. oh, and his mom taught law there too.
you can't tell me they weren't involved. i mean, at least his mother can say she was never part of the company. but pops?
jwonder
Superstar
Yeah I believe this crypto thing is going to pop. I just don't wanna pay for expensive ass Bitcoin. I'm dumping money in like 10 different ones hoping it can be the next Bitcoin 
Before FL got sports gambling. I was using the overseas site. Had bank declining my card randomly and the transaction fee to put money in was damn $50
I saw that if you use crypto its free.
When I won 2k, I used XLM to get money. shyt was in my wallet in 10 seconds.
Before FL got sports gambling. I was using the overseas site. Had bank declining my card randomly and the transaction fee to put money in was damn $50
I saw that if you use crypto its free.
When I won 2k, I used XLM to get money. shyt was in my wallet in 10 seconds. 
Yeah I believe this crypto thing is going to pop. I just don't wanna pay for expensive ass Bitcoin. I'm dumping money in like 10 different ones hoping it can be the next Bitcoin
Before FL got sports gambling. I was using the overseas site. Had bank declining my card randomly and the transaction fee to put money in was damn $50
I saw that if you use crypto its free.
The halving in like 20-19 days left we'll see buy then...
Sometimes people deserve to have their faith rewarded