Ripple’s Fridman criticizes Sen. Elizabeth Warren for her statement
Senator Elizabeth Warren and Ripple International Policy’s counsel, Susan Friedman, recently engaged in a discussion regarding the U.S. government’s handling of the crypto industry. Senator Warren criticized the government’s prioritization of billion-dollar crypto firms over struggling student loan borrowers. Friedman, however, argued that the government’s actions were not solely focused on the crypto industry and […]
What is the Howey Test?
The Howey test is a legal standard utilized in the United States to determine whether a transaction qualifies as an investment contract and is therefore considered a security under federal law. In SEC v. W.J. Howey Co. (1946), the U.S. Supreme Court established the test, which has subsequently been used in various cases to determine […]
SEC Underestimated ‘Fight’ Inside XRP Holders
During a CryptoLaw TV live stream, J.W. Verret, a former SEC Investor Advisory Committee member and current associate law professor at George Mason University, shared his thoughts on the Ripple lawsuit. According to a tweet by XRP supporter @sentosumosaba, Verret stated that “The SEC underestimated the ‘fight’ inside of Ripple CEO Brad Garlinghouse.” During a […]
US Senator stated: Lawmakers are searching through crypto-related legislation to find bipartisan solutions.
According to Thom Tillis, a member of the Senate Banking Committee, lawmakers have collected ideas from both the Senate and House and are currently attempting to determine which proposals can secure bipartisan support. Senator Thom Tillis (R-N.C.) has stated that the U.S. Congress is currently in the initial stages of creating legislation for crypto oversight. […]
Bankruptcy Judge denies pause for Voyager-Binance.US.
The government’s request to pause the $1 billion deal has been denied by a New York court, citing potential harm to customers if the deal were delayed. In a court filing on Wednesday, a bankruptcy judge ruled that Binance.US’s $1 billion bid to acquire Voyager’s assets should proceed, denying the U.S. government’s request to pause […]
“SEC Is ‘Completely Out Of Control,’ a16z Head of Policy affirms
Representatives from crypto companies expressed concern that the lack of regulatory clarity will impede US innovation at the annual Futures Industry Association conference held in Boca Raton. Industry players criticized regulators, including the Securities and Exchange Commission (SEC), for what they see as inadequate regulatory frameworks for the novel asset class. The SEC’s recent enforcement […]