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.
As app development on the BSV blockchain proceeds at a breakneck pace, the number of on-chain transactions will increase, and the value of fees inside blocks will steadily climb higher.
U.S. District Judge Analisa Torres also suggested the move could add further delays to the case, despite Ripple and token holders urging a quick resolution to the proceedings.
Based on the legal test for determining whether something is a security or not (Howey), the SEC has a case. However, in filing its defense, Ripple Labs made an excellent point worthy of discussion.
