SEC Continues to Drag its Knuckles

in crypto •  11 months ago 

SEC Hints at Challenging Court XRP Ruling in Separate Lawsuit

A hint, a wink, and probably talking to Fink.

The SEC may appeal the recent court ruling in its case against Ripple Labs, asserting that the decision conflicts with fundamental securities laws principles, including the Howey test.

Official response here

Notice, that this is a reply in the Terraform case to a Defendant's claim citing the Ripple case!

The SEC is still considering its options. No doubt more to come - much more.

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this will be dragged into the courts, kicking a decision down the road, while new laws are being passed...


his masters' beak


conspiracy knowledge - sheep obey the dogs.

Hester Peirce criticizes SEC’s warning to accounting firms working with crypto
https://coinjournal.net/news/hester-peirce-criticizes-secs-warning-to-accounting-firms-working-with-crypto/

the scam is bigger than just crypto


and the law is just another asset.


amusing.
but all the flags are plastic.

This has a smell to it, like it's too obvious.
I expect a sting in the tail, such as a prison ID tag, or some forks.

  ·  11 months ago  ·  

The nature of the coming con will be interesting.
There is no way - not in bankster MO - that they will let the proles become rich.

Coinbase Earn Is Particularly Vulnerable to Being Defined as a Security: Berenberg

Investors were reminded of Coinbase’s (COIN) significant regulatory challenges after Friday’s market close, when the crypto exchange disclosed it had suspended retail staking services in four of the 10 states that say its staking offerings represent securities, investment bank Berenberg said in a research report Monday.

This bit is funny:

The German investment bank has a hold rating on Coinbase shares with a $39 price target. The stock closed at $105.55 on Monday.

erm... who would "hold" a stock with a target of a 60% loss! On what planet is that a "hold"?

Remember, there are other jurisdictions.
And yes, the US is thoroughly captured by private interests - accept that or leave... to a similar place.