In an industry as young and volatile as crypto, and especially with all the money sloshing around in it, the triumphs and tragedies—or at least successes and screw-up—can be be enlightening and sometimes funny. It’s also a good preview to The Modern Consensus 100 Most Influential People in Crypto 2021, which went live today.
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Ripple suit no slam dunk for SEC: Grayscale attorney
Suing to prove XRP is a security is bad regulation and bad strategy that Securities and Exchange Commission Chairman Gary Gensler should halt argues Joseph Hall
Calling the suit indicative of what was wrong with the agency’s treatment of cryptocurrencies under now-departed Chairman Jay Clayton, Hall called on Gary Gensler, the recently nominated SEC chairman who is currently a professor teaching digital assets and blockchain at MIT, to use the suit to “chart a different course” in its treatment of cryptocurrencies.
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Janet Yellen clarifies crypto stance: Only wants to curtail ‘malign activities’
‘I think it important we consider the benefits of cryptocurrencies and other digital assets,’ the pick for U.S. Treasury Secretary says
The former U.S. Federal Reserve chair said that she wanted to “curtail” the use of digital assets—amid concerns that it could be used for money laundering and the financing of terrorism. But in a written submission to the Senate Finance Committee, Yellen’s approach to Bitcoin and other digital assets seemed to be a little softer.
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XRP investors sue SEC, demanding damages
The lawsuit seeks to force the Securities and Exchange Commission to declare that XRP held by non-Ripple investors is not a security, and accuses former SEC chairman Jay Clayton of personal hostility
Seeking class action status, the petitioners have asked the court to force the SEC to place any funds it receives from its own lawsuit against Ripple and two top executives in a trust for individual retail investors harmed by the agency's action.
