• LedgerX CEO Paul Chou could learn a thing or two from George Carlin (via LedgerX).
    United States

    LedgerX spokesperson quits after CEO’s profanity-laced tirade against federal regulators

    RGPR’s Ryan Gormley dropped LedgerX after Paul Chou lashed out at the CFTC on Twitter

    An hour after Chou accused the Commodity Futures Trading Commission (CFTC) regulator of acting in bad faith and being in the pocket of one of the largest companies it oversees, RGPR agency founder Ryan Gormley took to twitter with a message of his own.

  • money laundering
    Cryptocurrencies,  Europe,  United States

    US sues BTC-e exchange owner Alexander Vinnik for $100 million

    The FinCEN lawsuit comes in addition to criminal charges alleging money laundering for drugs and cryptocurrency exchange hackers

    Alleging violations of the Bank Secrecy Act, the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) filed a civil suit against BTC-e founder Alexander Vinnik on July 25, seeking to recover more than $88 million in customer funds from the exchange and $12 million in from Vinnik personally.

  • Call in the experts: Jeremy Allaire of Circle, Rebecca Nelson of The Blockchain Association, and Mehrsa Baradaran of the University of California, Irvine School of Law before the U.S. Senate Banking Committee, July 30, 2019.
    Bitcoin,  Cryptocurrencies,  Libra,  Politics,  United States

    Analysis: Cryptocurrency experts tell Senate innovation requires regulation

    In the wake of Facebook’s Libra plan, a Senate Banking Committee hearing shows Congress getting serious about cryptocurrency regulation

    A week after the U.S. government’s inaction on cryptocurrency regulation drove Jeremy Allaire to move most of his company out of the U.S., the Circle chairman and CEO told congress why.

  • Gaming entrepreneur and sixth grader George Weiksner, CEO of Pocketful of Quarters, got the SEC to do what only one other crypto company could—sell tokens without registering them as securities (photo via Pocketful of Quarters).
    Ethereum,  United States

    SEC allows gaming startup to sell tokens without registering them as securities

    The no-action letter issued to Pocketful of Quarters requires that the tokens cannot be sold by the general public

    Gaming startup Pocketful of Quarters (PoQ) was issued a no-action letter by the SEC’s Division of Corporation Finance (DCF) on July 25 for its plan to sell Ethereum-based Quarters tokens. These tokens will be used as in-game currencies on gaming platforms, and will be transferable from one game to another, even across platforms.