African-Americans Outpace Whites & Hispanics In Cryptocurrency Investments, A New Avenue to Wealth

ogc163

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Cool image, is that your NFT? :troll:
 

ogc163

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The SEC can sue Coinbase for offering unregistered securities, judge rules​


The question of who gets to regulate crypto has some answers, as a judge has ruled the Securities and Exchange Commission’s securities lawsuit against Coinbase can continue. US District Judge Katherine Polk Failla ruled that under federal securities laws, “the SEC has sufficiently pleaded that Coinbase operates as an exchange, as a broker, and as a clearing agency under the federal securities laws, and, through its Staking Program, engages in the unregistered offer and sale of securities.”

Despite arguments from some in the crypto community that existing laws are inadequate, the judge rejected those claims directly, writing, “The ‘crypto’ nomenclature may be of recent vintage, but the challenged transactions fall comfortably within the framework that courts have used to identify securities for nearly eighty years.”

While the judge ruled against most of Coinbase’s arguments for dismissal, she dismissed the SEC’s claims against its Wallet. The SEC’s arguments “fall short of demonstrating that Coinbase acts as a ‘broker’ by making Wallet available to customers,” said Judge Failla.

In response to the ruling, Coinbase chief legal officer Paul Grewal tweeted, “Early motions like ours against a government agency are almost always denied. But clarity is the ultimate goal and today’s decision continues us on that path.”

 

88m3

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The SEC can sue Coinbase for offering unregistered securities, judge rules​


The question of who gets to regulate crypto has some answers, as a judge has ruled the Securities and Exchange Commission’s securities lawsuit against Coinbase can continue. US District Judge Katherine Polk Failla ruled that under federal securities laws, “the SEC has sufficiently pleaded that Coinbase operates as an exchange, as a broker, and as a clearing agency under the federal securities laws, and, through its Staking Program, engages in the unregistered offer and sale of securities.”

Despite arguments from some in the crypto community that existing laws are inadequate, the judge rejected those claims directly, writing, “The ‘crypto’ nomenclature may be of recent vintage, but the challenged transactions fall comfortably within the framework that courts have used to identify securities for nearly eighty years.”

While the judge ruled against most of Coinbase’s arguments for dismissal, she dismissed the SEC’s claims against its Wallet. The SEC’s arguments “fall short of demonstrating that Coinbase acts as a ‘broker’ by making Wallet available to customers,” said Judge Failla.

In response to the ruling, Coinbase chief legal officer Paul Grewal tweeted, “Early motions like ours against a government agency are almost always denied. But clarity is the ultimate goal and today’s decision continues us on that path.”



that's outrageous there needs be severe sanctions and serious prison time handed down


Did you hear about this?

 

ogc163

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ogc163

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Federal prosecutors in Manhattan on Tuesday charged KuCoin, one of the world's largest cryptocurrency exchanges, with violating U.S. anti-money laundering laws by failing to vet customers, allowing billions of dollars in illicit funds to be transferred since its founding in 2017.

Prosecutors said the Seychelles-based exchange sought business from U.S. customers without registering with the Treasury Department and putting in place procedures to verify clients' identities as required by U.S. law.

KuCoin posted on social media site X that customer assets are safe and its lawyers are looking into the allegations.

"KuCoin respect the laws and regulations of various countries and strictly adheres to compliance standards," it said.

Prosecutors also charged the exchange's founders, Chinese nationals Chun Gan, 34, and Ke Tang, 39, with conspiracy. They remain at large, according to prosecutors.

The U.S. Commodity Futures Trading Commission separately filed a civil lawsuit against KuCoin alleging it failed to register its futures and swaps activities with the regulator.

KuCoin in December agreed to block New York users from its platform and pay $22 million to settle the state's lawsuit accusing it of failing to register there.

KuCoin trails Binance, Coinbase and Kraken among cryptocurrency spot exchanges on factors including traffic, liquidity and trading volumes, according to the data company CoinMarketCap.

 

Lucky_Lefty

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outside of BTC, investing in crypto is fools gold and if you're stupid enough to bet your life on it, you deserve to live under a bridge with a shopping cart. I have zero sympathy
 

Propaganda

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outside of BTC, investing in crypto is fools gold and if you're stupid enough to bet your life on it, you deserve to live under a bridge with a shopping cart. I have zero sympathy

lol nah. i agree with the rest though.

sbf getting 25. okay...and what about his fukking dad? dude was an ftx employee...and at the same time, was/is a fukking a professor of law and business at stanford of all things. oh, and his mom taught law there too. :dead:

you can't tell me they weren't involved. i mean, at least his mother can say she was never part of the company. but pops? :comeon:
 

jwonder

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Yeah I believe this crypto thing is going to pop. I just don't wanna pay for expensive ass Bitcoin. I'm dumping money in like 10 different ones hoping it can be the next Bitcoin :sadcam:

Before FL got sports gambling. I was using the overseas site. Had bank declining my card randomly and the transaction fee to put money in was damn $50

I saw that if you use crypto its free.:whoo: When I won 2k, I used XLM to get money. shyt was in my wallet in 10 seconds. :dead:
 

ORDER_66

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Yeah I believe this crypto thing is going to pop. I just don't wanna pay for expensive ass Bitcoin. I'm dumping money in like 10 different ones hoping it can be the next Bitcoin :sadcam:

Before FL got sports gambling. I was using the overseas site. Had bank declining my card randomly and the transaction fee to put money in was damn $50

I saw that if you use crypto its free.:whoo: When I won 2k, I used XLM to get money. shyt was in my wallet in 10 seconds. :dead:

The halving in like 20-19 days left we'll see buy then...:wow:

Sometimes people deserve to have their faith rewarded :wow:
 
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