𝗧𝗼𝗽 𝗖𝗿𝘆𝗽𝘁𝗼 𝗡𝗮𝗿𝗿𝗮𝘁𝗶𝘃𝗲𝘀 𝗙𝗼𝗿 𝗧𝗵𝗶𝘀 𝗕𝘂𝗹𝗹 𝗥𝘂𝗻

Artificial Intelligence: 40x-70x potential

RWAs: 50x-100x potential

DePIN: 50x-100x potential

Gaming& Metaverse: 30x-50x potential

Which one you're most bullish on?

Follow for more. thanks 😊

#realmabbaskhan #DePIN #cpi #bitcoinhalving #SECLawsuit

Hope SEC won't come up with same attitude 😱😆🤔 regarding BlackRock ETFs on Bitcoin 😢😔$BTC #etf #SECLawsuit

Ripple chief legal officer Stuart Alderoty has expressed reservations about the recent string of legal defeats suffered by the United States Securities and Exchange Commission during Gary Gensler’s tenure. These remarks follow another setback for the SEC in the Fifth Circuit Court after Ripple’s victory in the XRP lawsuit in July 2023.

Alderoty characterized this sequence of events as a “deeply concerning trend” in which the SEC, under the leadership of Chair Gary Gensler, appears to be straying from its commitment to upholding the law. Alderoty expressed concern about the SEC’s repeated arbitrary and capricious actions in court cases, suggesting a troubling pattern under Gensler’s leadership.

#Ripple-XRP #SECLawsuit

PYUSD, which is minted by Pexos, refers to a digital representation of the United States Dollar (USD) that is issued by Pexos. Pexos is a platform that allows for the creation and management of digital assets, including stablecoins like PayPal USD.

Stablecoins are cryptocurrencies that are designed to maintain a stable value by pegging their price to a specific asset, such as a fiat currency like the USD. In the case of PayPal USD, its value is intended to be equivalent to one US dollar.

The purpose of minting PayPal USD is to provide users with a digital representation of USD that can be used for various purposes, such as online transactions, remittances, and other financial activities. By using PayPal USD, users can enjoy the benefits of cryptocurrencies, such as fast and secure transactions, while still having the stability of a fiat currency.

PayPal is currently under the microscope as the SEC issues a subpoena related to its PYUSD stablecoin.

This move by the SEC highlights the increasing scrutiny on stablecoins and the broader cryptocurrency market.

PayPal was the first major fintech firm to adopt digital currencies for payments and transfers after launching its stablecoin in August.

#PYUSD #SECLawsuit

🇺🇸 The US Securities and Exchange Commission (SEC) said 2023 was a "very productive" year:

1️⃣ This year, the SEC issued 784 enforcement actions, which is 3% more than a year earlier.

2️⃣ The court made decisions totaling about $5 billion, of which $930 million was distributed among the affected investors.

3️⃣ In 2024, the Commission brought charges against the two largest crypto exchanges: Binance and Coinbase.

4️⃣ SEC whistleblowers earned $600 million - while one of the whistleblowers earned $279 million.

5️⃣ In total, the SEC received more than 40,000 messages, complaints and requests.

Indeed a productive One 😜
The Blockchain technology Gave them some little heads up 😂😂

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#BTC #IluPredictor #xrp #SECLawsuit #News $BTC $XRP $FTT

NEWS: In a letter to the U.S. Securities and Exchange Commission (SEC), BlackRock, the world's largest asset manager, questioned the SEC's preference for the 1940 Act that oversees futures ETFs, arguing that It is irrelevant for both spot and futures cryptocurrency ETFs.

BlackRock argued that the SEC has no reason to treat spot and futures cryptocurrency ETFs differently. Both types of ETFs offer exposure to cryptocurrency prices, and both types of ETFs are subject to the same risks, such as volatility and potential market manipulation.

BlackRock also argued that the SEC is using the 1940 Act as an excuse to delay the approval of spot cryptocurrency ETFs. The law was passed in 1940, and was designed to regulate mutual funds. Futures ETFs, on the other hand, are based on futures contracts, which are a different financial instrument.

The SEC has approved two cryptocurrency ETFs, but both ETFs are based on futures. The SEC has rejected several applications for approval of cryptocurrency spot ETFs, citing concerns about market manipulation and investor protection.

BlackRock's letter is a new push for the approval of spot cryptocurrency ETFs. BlackRock is a respected company, and its support of cryptocurrency spot ETFs could help persuade the SEC to approve them.

However, the SEC is not required to follow BlackRock's recommendation. The SEC has the right to approve or reject cryptocurrency spot ETFs at its own discretion

Source: Cointelegraph

#SECLawsuit #BlackRockCrypto

US SEC Chairman: Anyone who wants to engage in crypto trading must act within the scope of the law

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler warned in an interview during Washington FinTech Week that anyone who wants to engage in cryptocurrency trading must do so within the bounds of the law.

He advised cryptocurrency trading platforms to build investor trust in what they are doing, cautioning that they must ensure they do not obfuscate functionality, conduct transactions that do not benefit their customers, or use users’ crypto assets for their own purposes. #Blockchain #BinanceBlockchainWeek #SECLawsuit

📚 TOTALS OF THE DAY

🔶 November 17, the last day this year that the SEC can approve a spot Bitcoin-ETF, otherwise the ETF decision will be pushed back to 2024.

🔶 Keith withdrew 716 BTC ($26.5 million) from Binance.

🔶 The world's largest options exchange, Cboe Digital, will launch margin futures on BTC and ETH on January 11, 2024.

#BTC #ETHvsBTC #SECLawsuit #Cboe #ETFTrends

🚀 𝗣𝗿𝗼-𝗫𝗥𝗣 𝗟𝗮𝘄𝘆𝗲𝗿 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 𝗦𝗘𝗖'𝘀 𝗚𝗹𝗼𝗯𝗮𝗹 𝗝𝘂𝗿𝗶𝘀𝗱𝗶𝗰𝘁𝗶𝗼𝗻! 💼

🌐 Deaton, a prominent crypto advocate, asserts that selling XRP was LEGAL in jurisdictions where local regulators declared it non-security.

🔍 Legal Chessboard:

Drawing from the U.S. Supreme Court's Morrison decision, Deaton questions the SEC's jurisdiction in Ripple's international transactions. This sparks a debate on the global legalities of XRP sales.

🌍 International Support:

Deaton's argument gains weight from the international perspective. In the UK, the FCA classifies XRP as an exchange/utility token, and Japan's FSA also doesn't consider it a security. This starkly contrasts with the SEC's position, supporting Deaton's claim against overreach.

📈 Geography as Defense:

Deaton's analysis suggests excluding Ripple from disgorgement based on geography. He further narrows it down, citing sales to accredited investors and the nature of transactions, especially in On-Demand Liquidity (ODL) services, where harm is argued to be absent due to rapid XRP turnover.

🤝 Community Backing:

Highlighting community involvement, Deaton mentions that 75,000+ XRP holders have petitioned the court, asserting that the SEC, not Ripple, caused them harm.

💪 Ripple's Resilience:

Amidst SEC scrutiny, Deaton's commentary underlines Ripple's potential for a favorable outcome. He emphasizes that the court's goal isn't punitive but to rectify proven harm to investors—a scenario seemingly unlikely given current evidence and the international regulatory landscape.

🌐 Global Implications:

The Ripple litigation reveals the intricate dance between national sovereignty, international law, and crypto regulation. Expert insights, like those from Deaton, become crucial in deciphering the broader implications for the global cryptocurrency market.

Stay tuned for updates shaping the future of crypto! 🏛️🚀

$XRP #RippleVsSEC #SECLawsuit #XRPUpdate

🚨 𝗕𝗿𝗲𝗮𝗸𝗶𝗻𝗴: 𝗦𝗘𝗖 𝗥𝗲𝗳𝘂𝘀𝗲𝘀 𝘁𝗼 𝗕𝗮𝗰𝗸 𝗗𝗼𝘄𝗻 𝗶𝗻 𝗟𝗮𝘄𝘀𝘂𝗶𝘁 𝗔𝗴𝗮𝗶𝗻𝘀𝘁 𝗧𝗲𝗿𝗿𝗮 𝗮𝗻𝗱 𝗗𝗼 𝗞𝘄𝗼𝗻! 🚨

In a legal saga that keeps the crypto world on edge, the SEC stands firm, refusing to let Terra and Do Kwon off the hook. 🏛️💼 Allegations of fraud and securities violations are at the forefront, with the SEC claiming a staggering $45 billion in investor losses.

📅 Timeline Recap:
- February: SEC files lawsuit against TerraLabs and Do Kwon.
- November 7th: SEC counters Terraform Labs' motions, filing seven new charges in the Southern District of New York.

💢 SEC's Unyielding Stance:
The SEC vehemently calls for the dismissal of all requests by Terra and Do Kwon, doubling down on the alleged violations. They've even sought summary judgment, presenting undeniable evidence to support their claims.

📜 Allegations Include:
- Development of the Terra blockchain as securities.
- Promotion of digital assets as securities.
- Participation in public offerings like LUNA, WLUNA, and UST.
- Fraudulent offering of LUNA and MIR on public trading platforms.
- Misleading investors with false information on Chai.
- Alleged de-pegging events in 2021 and 2022.

💹 Impact on Terra's Ecosystem:
The cryptocurrency market witnesses a ripple effect as the Terra ecosystem grapples with the legal battle. Despite a 6% weekly increase for Terra (LUNA), uncertainty prevails, influencing prices and testing community resilience.

📊 Current Market Snapshot:
- Terra (LUNA): 6% weekly increase, 1% rise in the last 24 hours, trading at $0.474.
- USTC: Trading close to resistance at $0.012.
- Terra Classic (LUNC): Holding at $0.000070.

🔍 Watch This Space:
As the courtroom drama unfolds, the crypto community holds its breath, anticipating the outcome of this high-stakes legal clash. Stay tuned for updates!🍿⚖️

$LUNC #SECLawsuit #LUNC

🦅 Global investment bank JPMorgan has warned investors that cryptocurrency regulation in the US is unlikely to be relaxed, even though the SEC has lost several recent court cases against cryptocurrency companies.

#JPMorgan #SECLawsuit #InvestmentInsight

CZ and Binance Submit Oppositions in SEC Lawsuit

Binance Holdings Limited and CEO Changpeng Zhao have launched a forceful counter-attack against the SEC.

Binance Holdings Limited (BHL) and the U.S. Securities and Exchange Commission (SEC), BHL, and its CEO, Changpeng Zhao, have fired back at the SEC with a compelling counter-argument. 

This latest development follows the SEC's introduction of what BHL deems to be extraneous arguments in a recent court document.

BHL's legal team has taken a firm stance against the SEC's "Notice of Supplemental Authority," submitted on Dec. 8.  In their response, BHL and Zhao slam the SEC for what they describe as a procedural misstep, arguing that the notice inappropriately introduces new information and arguments at this litigation stage. 

BHL contends that the SEC's attempt to leverage past dealings with the Department of Justice and FinCEN bears little relevance to the ongoing case, particularly concerning the classification of crypto assets under the Securities Act and Exchange Act.

They argue that the SEC's reliance on resolutions related to the Bank Secrecy Act (BSA) misinterprets the territorial scope of the securities laws. 

BHL maintains that the transactions in question did not occur within the U.S., hence falling outside the jurisdiction of U.S. securities laws.  They assert that the SEC's approach wrongly extends its regulatory reach, trying to govern transactions and activities that occurred beyond U.S. borders.
#changpengzhao #Binance #SECLawsuit #BinanceTournament #CryptoScoop
$BTC $ETH $BNB

Creditors to Receive $2B in Crypto and Shares in NewCo.

On November 9, Judge Martin Glenn of the Southern District of New York Bankruptcy Court confirmed the plan, which had garnered substantial support from Celsius creditors on September 27. The approval of the bankruptcy plan for Celsius represents a significant milestone, providing creditors with the opportunity to recover funds and acquire shares in the reorganized entity, referred to as NewCo.

As per the endorsed plan, around $2 billion in Bitcoin and Ethereum will be allocated to Celsius creditors, accompanied by equity in NewCo. The company aims to commence creditor reimbursements by the conclusion of the current year.

A considerable number of creditors were participants in Celsius' Earn program, where they earned weekly rewards by holding locked CEL tokens. Judge Glenn, in his decision, clarified that the confirmation order does not constitute a determination regarding whether CEL Token or the Earn Program qualifies as securities, addressing concerns raised by the U.S. Securities and Exchange Commission (SEC).

Managed by the Fahrenheit consortium, composed of various crypto-native entities, NewCo plans to expand Celsius' previous mining operations, monetize illiquid assets, and engage in other developmental endeavors, subject to regulatory approval. The bankruptcy and restructuring process followed Celsius filing for bankruptcy in July 2022, with its former CEO, Alex Mashinsky, facing charges of securities fraud, commodities fraud, and wire fraud. Mashinsky is scheduled for trial in September 2024, while former Chief Revenue Officer Roni Cohen-Pavon has pleaded guilty to fraud charges and awaits sentencing on December 1.
#SECLawsuit #SEC #CryptoEcosystems
$XRP $DOGE $MEME

🚨BREAKING: The parties have submitted to Judge Torres a proposed schedule regarding remedies discovery and briefing.

The clown show must go on. Maybe 2 more weeks... #XRPUpdate $XRP

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#IluPredictor #etf #SECLawsuit #Prediction

🚀 𝗨𝗦 𝗦𝗘𝗖 𝗖𝗵𝗮𝗶𝗿 𝗵𝘂𝗴𝗲 𝗿𝗲𝘃𝗲𝗹𝗮𝘁𝗶𝗼𝗻! 🌐

US SEC Chair Gensler drops hints about a potential FTX revival in the crypto scene! 🚨 Will the beleaguered #crypto exchange bounce back? Let's dive into the latest:

1️⃣ SEC's Openness to FTX Reboot:

Gensler signals a green light for FTX's comeback, urging new leadership to navigate within legal boundaries. "Do it within the law," he insists. 🚦

2️⃣ Tom Farley's FTX Bid:

Buzz surrounds Tom Farley, ex-NYSE president eyeing FTX. Gensler underlines the importance of legal compliance, investor trust, and transparency in this unfolding saga. 🤝💼

3️⃣ Bullish CEO in the Mix:

Farley, also the Bullish CEO, adds an extra layer of intrigue to FTX's potential resurrection. What role does Bullish play in this high-stakes crypto drama? 🔄💰

4️⃣ Competition for FTX:

Farley faces off against Figure Technologies and Proof Group in a battle to rejuvenate FTX. The winner could pave the way for FTX's fresh start post-bankruptcy. 🏆💼

5️⃣ Gensler's Crypto Fraud Concerns:

SEC Chair highlights ongoing fraud issues in the #crypto realm, emphasizing the need for robust measures to shield investors from malicious actors. 🛡️💡

6️⃣ U.S. Rep. Tom Emmer's Allegations:

Rep. Emmer questions SEC's handling of FTX, Terra-LUNA, Celsius, and Voyager failures, hinting at a "regulatory monopoly" without concrete evidence. 🤔❓

7️⃣ SEC's Crypto Legal Battles:

Ongoing legal clashes with major players like #Binance, #Coinbase, #Ripple, and #Grayscale. Cases involve alleged securities violations and Grayscale's #Bitcoin Trust conversion. ⚖️💼

Stay tuned for the unfolding crypto saga! 🚀📈

#ftx #SECLawsuit #ftt

📣 Paradigm Files Amicus Brief Supporting Binance in SEC Lawsuit Venture investment firm Paradigm, specializing in cryptocurrency, has submitted an amicus brief in support of Binance amid its legal battle with the U.S. Securities and Exchange Commission (SEC). Paradigm asserts that the SEC is attempting to establish regulatory rules through litigation and using Binance to manipulate existing laws in its favor. The firm calls the SEC's complaint against Binance an abuse of power, accusing the regulatory body of pursuing its interests by expanding its jurisdiction over digital assets. Paradigm also emphasizes that many assets traded in financial markets, such as gold and art, can generate profits but are not classified as securities. This amicus brief follows Circle's similar submission, arguing that stablecoins are not investment contracts and should not fall under securities regulations. 💼🤝 #Paradigm #Binance #SECLawsuit

The Born Looser!! Gary Nonsecurityensler!! 🤡😵‍💫

#SECChairman #SECLawsuit #GaryGensler