On the 15th anniversary of Satoshi Nakamoto publishing the Bitcoin white paper, Modern Consensus has gathered a selection of tributes – a mix of the poignant, the thought provoking and since Securities and Exchange Commission Chair Gensler felt the need to weigh in, the clownish. Bitcoin Magazine One of the very first publications devoted to Bitcoin, Bitcoin Magazine was co-founded in 2012 by a 17-year-old Vitalik Buterin, whose father had piqued his interest in the young technology the year before – and who went on to invent Ethereum, announcing it in his own white paper in November 2013. In a feature published today entitled “The Reformation of Money: Bitcoin’s Whitepaper…
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Appeals Court Deals Major Blow to SEC
DC Court limits agency’s reach in a decision with major crypto implications
Crypto may have won a major court battle yesterday. And the decision didn’t even involve crypto. In a ruling released Tuesday, a three-judge panel at the U.S. Court of Appeals for the District of Columbia Circuit found that, as the Wall Street Journal put it, “the SEC had exceeded its authority under federal law when it issued a 2020 order overhauling the governance of the data feeds.” This was a technical ruling on a case that has nothing to do with crypto. Basically, the SEC had sided with brokers that have maintained forever that exchanges like the New York Stock Exchange and Nasdaq wield monopolies and use that power to…
