On May 22, the FBI issued a warning, saying U.S. citizens and individuals living or traveling abroad should be aware of false job advertisements linked to labor trafficking. Continue Reading on Coin Telegraph More
Crypto lawyer Jesse Hynes believes that the judge overseeing the Securities and Exchange Commission’s lawsuit against Ripple may rule XRP as a non-security digital asset if a clear distinction is made between XRP’s early sales and how it is currently sold. Such a ruling would also be contingent on whether the court decides to investigate XRP’s status as a security.Hynes, who previously served as the chief legal officer at Gala Games, took to Twitter earlier today to reflect on the latest developments in the SEC’s controversial lawsuit against Ripple. According to Hynes, the court will most likely find that the early-day sales of XRP violated U.S. securities laws. However, he added that the crypto lawyer believes that the judge will “determine that Ripple is no longer violating securities laws in how they are currently doing sales.”The crypto lawyer stated that there is considerable uncertainty as to whether the court will decide to tackle the question of whether XRP is a security. However, given the SEC repeatedly bringing XRP’s status into question, the court may be compelled to decide the matter. In such an event, Hynes believes that the court will find that XRP cannot be considered an investment contract.Fellow crypto lawyer Bill Morgan chimed in on Hynes’ Twitter thread and agreed with his assessment of the latest developments in the lawsuit. Morgan stated that a distinction between early and later sales of XRP can lead to a conclusion that digital assets can change from security to not being security.Morgan highlighted that the argument for XRP’s status as a non-security digital asset may get bolstered by its sales to Ripple’s On-Demand Liquidity (ODL) clients. The crypto lawyer argued that the judge’s recent decision to deny the sealing of the Hinman documents showed that she understood the difference between programmatic and institutional sales of XRP. The Hinman documents contain internal communications and statements made by William Hinman, the SEC’s former Director of Corporation Finance, where he referred to Ethereum being a non-security asset. The post Crypto Lawyers Say SEC v Ripple Judge May Find XRP a Non-Security appeared first on Coin Edition.See original on CoinEdition More
In a new court filing on May 22 reviewed by Cointelegraph, the FTX team shared a compensation report highlighting the work done by Ray in regard to the Chapter 11 bankruptcy. The review report mentioned a series of activities undertaken by Ray to ensure the debtor’s best interests. However, what caught the most attention of the crypto community was the mention of rebooting FTX.Continue Reading on Coin Telegraph More
Winston Churchill, anticipating Securities and Exchange Commission Chair Gary Gensler, once called out “this world of sin and woe.” Let us now add to the litany of woe the possibility that Bored Apes, CryptoPunks and many other nonfungible tokens (NFTs) might be considered securities. Continue Reading on Coin Telegraph More
Perhaps unsurprisingly, the company — widely accepted as the current industry leader in generative artificial intelligence (AI) technologies — believes that it would be riskier not to develop superhuman AI than it would be to press forward with its endeavors:Continue Reading on Coin Telegraph More
“It is important to realize that blocks and transactions on the Dash network that are not ChainLocked and not InstantSend locked should not be assumed to have true finality,” Dash developers warned while the chain was down. ChainLocked and InstantSend are security features unique to Dash.Continue Reading on Coin Telegraph More
In a communique summarizing the discussions, the committee reiterated its support for developing CBDCs, albeit with some reservations. Committee members also discussed the controversial “Travel” rule requiring any financial institution processing cryptocurrency transactions over $3,000 to disclose the sender’s name, address and account information. And it expressed its total support for the initiative. Continue Reading on Coin Telegraph More
Fred Pye, CEO of 3iQ, Canada’s first Bitcoin fund issuer, said in an interview with Cointelegraph that as “the FOMO in Bitcoin is gone” institutional investors and portfolio managers have started to take a look at it as “a serious venue.”Continue Reading on Coin Telegraph More
