
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.
The securities regulator filed a motion claiming that the Hinman speech materials need to be sealed as they “unquestionably reflect confidential deliberations” by its officials.
The FTX's collapse is the final imperative for global lawmakers to enact a string of regulations in the digital asset sector, while the event also led to a tug-of-war game between two state agencies.
A total of 16 companies, made up mostly of 'crypto' interest groups, have filed an amicus curiae in the SEC vs. Ripple saga, about a week after the U.S. state agency won its case against LBRY.
Ripple recommends that British lawmakers set up an overarching regulatory framework, increase its regulatory resources, and commit to public education to sustain its ambition of becoming a tech hub.
The tight regulations on the digital asset space are not the problem but instead, turning the original Bitcoin into a gambling of speculations.
LBRY lost its battle against the SEC following a federal judge's ruling that the LBC tokens are securities, sending a signal that Ripple may likely face the same fate.
The SEC claimed "attorney-client privilege" and "deliberative process privilege" to keep the Hinman docs from Ripple, but Judge Torres has ruled against it.
The visit by CFTC’s Caroline Pham, who criticized the SEC’s “regulation by enforcement” earlier this year, comes as both agencies fight for digital currency industry oversight.