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.
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.
The chamber has requested to file an amicus brief in the Ripple case, and while it’s doubtful if XRP is a security, it called for clear and consistent laws.
Most crypto assets (coins or tokens) are securities, and illegal ones at that, as they meet the Howey test and have not been issued/distributed in compliance with the securities law.
The securities watchdog also wants to bar attorney John Deaton from aiding Ripple, claiming the intervention would unduly delay or prejudice the court process.
SEC argued that Hinman’s speech was a personal errand while also claiming he received legal counsel from SEC lawyers, and Judge Netburn isn’t impressed.
Coinbase doesn’t care about anything other than making money. For them, the law is secondary and they intentionally chose to overlook it.
Dr. Craig Wright was recently interviewed by CJ from MM Labs to share his thoughts on Bitcoin, the digital currency industry, BSV's traction and roadmap for the next 10 years, and more.
CoinGeek’s Chief Bitcoin Historian Kurt Wuckert Jr. joined Fox Business this week to discuss whether there’s a difference between Ethereum and XRP and his views about the platforms.
Once again, we're seeing a massive surge in on-chain transactions on BSV, which just surpassed 3 million transactions this week, leaving blockchains like BTC, Ethereum, and XRP ledger in the dust.
