
Tulip Trading Ltd blossoms in digital currency desert
The Tulip Trading case proves that property rights and legal obligations apply to digital assets and blockchain projects precisely the way they apply to all other forms of human interactions.
The Tulip Trading case proves that property rights and legal obligations apply to digital assets and blockchain projects precisely the way they apply to all other forms of human interactions.
The recent argument between Dr. Wright and Schwartz only cemented the SEC's long-held belief against Ripple's XRP token—that it was an illegal, unregistered security with no actual utility.
Contrary to Ripple CTO's David Schwartz belief, the Bitcoin white paper revolves around commerce and not about governments; thus, it was never intended to fix political problems.
Dr. Wright says institutional investors won't touch Bitcoin unless the recovery question is unanswered, leading to Schwartz questioning why such investors are the target group for digital cash.