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VOICE ARCHIVE

@metalawman

@metalawman
30 posts
2025-04-19
The Attorney General of Oregon @DanRayfield is trying to make it illegal for Oregon residents to trade crypto. Rayfield was sworn in as AG 3 months ago. Apparently he didn't get the memo that the Anti-Crypto Army had been defeated. Perhaps the good citizens of Oregon should
2025-04-19 View on X
Cointelegraph

Oregon sues Coinbase, alleging the exchange is selling unregistered securities; Coinbase CLO Paul Grewal says it's a “copycat case” of SEC's now-dropped lawsuit

While winning legal victories at the federal level, the crypto industry still faces regulatory hurdles at the state level in the United States.

2025-03-26
Well, now we know. The delay in resolution of the @Ripple case was indeed attributable to the @Ripple legal team negotiating hard for a MUCH better deal than a simple mutual dismissal of the appeals. According to @s_alderoty, the deal: (a) gives the SEC only a $50 million
2025-03-26 View on X
Reuters

Ripple says it agreed to settle a US SEC civil lawsuit over the alleged sale of unregistered securities and pay just $50M of a previously imposed $125M fine

Jonathan Stempel / Reuters :

2024-07-04
It really is a pain to have to go through the process of passing bills & getting the president to sign them into law. Much easier to have 3 unelected bureaucrats at the FTC decide what's best for the country. But, alas, courts aren't playing along. That pesky old
2024-07-04 View on X
NPR

A federal court in Texas temporarily blocks the US government's ban on noncompete agreements set to take effect on September 4, and plans to rule on August 30

A federal court in Texas has partially blocked the government's ban on noncompete agreements that was set to take effect September 4.

2023-08-17
NFA approval means @Coinbase gets a license to operate as a Futures Commission Merchant (FCM). There's a clear rule book spelling out the requirements for an FCM license. Would be nice if there was a rule book for getting a license to offer crypto assets in the spot market.
2023-08-17 View on X
The Block

Coinbase says the exchange received regulatory approval from the CFTC-backed National Futures Association to offer futures trading services to eligible US users

a ‘watershed moment’—as decision on Grayscale spot Bitcoin ETF looms Emily Tonelli / Crypto Briefing : Coinbase Steps Up, Securing Approval for Listing US Crypto Futures Trading Mu...

2023-08-16
NFA approval means @Coinbase gets a license to operate as a Futures Commission Merchant (FCM). There's a clear rule book spelling out the requirements for an FCM license. Would be nice if there was a rule book for getting a license to offer crypto assets in the spot market.
2023-08-16 View on X
The Block

Coinbase says the exchange received regulatory approval from the CFTC-backed National Futures Association to offer futures trading services to eligible US users

- Coinbase is now allowed to operate as a futures commission merchant and offer eligible U.S. customers access to crypto futures from its platforms, the company said.

2023-07-15
This is is a huge win for Larsen, Garlinghouse and the XRP community. 1. While the court rules that some of Ripple's “Institutional Sales” of XRP were investment contracts and thus, the sale of unregistered securities, 2. Ripple's sales of XRP to “Programmatic Buyers”...
2023-07-15 View on X
Reuters

A US judge says Ripple's XRP sales to sophisticated investors violated securities law but that sales on exchanges were not offers of securities

and this week it got a big one Hassan Shittu / Cryptonews : Coinbase Pauses Staking Services in Several US States Amid SEC Lawsuit Mutuma Maxwell / Cryptopolitan : Binance clients ...

Based on my quick read through, it looks like the only thing left for trial would be the claim that Larsen and Garlinghouse “aided and abetted” Ripple's Institutional Sales of XRP—which were the only sales the court found to violate the law.
2023-07-15 View on X
Reuters

A US judge says Ripple's XRP sales to sophisticated investors violated securities law but that sales on exchanges were not offers of securities

and this week it got a big one Hassan Shittu / Cryptonews : Coinbase Pauses Staking Services in Several US States Amid SEC Lawsuit Mutuma Maxwell / Cryptopolitan : Binance clients ...

Based on my quick read through, it looks like the only thing left for trial would be the claim that Larsen and Garlinghouse “aided and abetted” Ripple's Institutional Sales of XRP—which were the only sales the court found to violate the law.
2023-07-15 View on X
Bloomberg

The Ripple ruling implies securities laws protect only sophisticated investors, the opposite of the US stock market's rule, and seems likely to work out poorly

Crypto tokens are securities unless you are anonymously dumping them on retail investors. LinkedIn: Kelvin Low . Twitter: @smdiehl , @matt_levine , @exlawyernft , @ben_mckenzie , @...

This is is a huge win for Larsen, Garlinghouse and the XRP community. 1. While the court rules that some of Ripple's “Institutional Sales” of XRP were investment contracts and thus, the sale of unregistered securities, 2. Ripple's sales of XRP to “Programmatic Buyers”...
2023-07-15 View on X
Bloomberg

The Ripple ruling implies securities laws protect only sophisticated investors, the opposite of the US stock market's rule, and seems likely to work out poorly

Crypto tokens are securities unless you are anonymously dumping them on retail investors. LinkedIn: Kelvin Low . Twitter: @smdiehl , @matt_levine , @exlawyernft , @ben_mckenzie , @...

2023-07-14
Based on my quick read through, it looks like the only thing left for trial would be the claim that Larsen and Garlinghouse “aided and abetted” Ripple's Institutional Sales of XRP—which were the only sales the court found to violate the law.
2023-07-14 View on X
CoinDesk

After the US court ruling, Coinbase, Kraken, and Bitstamp resume XRP trading on their US exchanges and Gemini is exploring listing the token

U.S. federal court ruled on Thursday that sale of XRP tokens on exchanges and through algorithms did not constitute investment contracts.

This is is a huge win for Larsen, Garlinghouse and the XRP community. 1. While the court rules that some of Ripple's “Institutional Sales” of XRP were investment contracts and thus, the sale of unregistered securities, 2. Ripple's sales of XRP to “Programmatic Buyers”...
2023-07-14 View on X
CoinDesk

After the US court ruling, Coinbase, Kraken, and Bitstamp resume XRP trading on their US exchanges and Gemini is exploring listing the token

U.S. federal court ruled on Thursday that sale of XRP tokens on exchanges and through algorithms did not constitute investment contracts.

Based on my quick read through, it looks like the only thing left for trial would be the claim that Larsen and Garlinghouse “aided and abetted” Ripple's Institutional Sales of XRP—which were the only sales the court found to violate the law.
2023-07-14 View on X
Reuters

A US judge says Ripple's XRP sales to sophisticated investors violated securities law but that sales on exchanges were not offers of securities; XRP jumps 70%+

🚀 According to documents filed earlier today … Twitter: Brad Garlinghouse / @bgarlinghouse : We said in Dec 2020 that we were on the right side of the law, and will be on the right...

This is is a huge win for Larsen, Garlinghouse and the XRP community. 1. While the court rules that some of Ripple's “Institutional Sales” of XRP were investment contracts and thus, the sale of unregistered securities, 2. Ripple's sales of XRP to “Programmatic Buyers”...
2023-07-14 View on X
Reuters

A US judge says Ripple's XRP sales to sophisticated investors violated securities law but that sales on exchanges were not offers of securities; XRP jumps 70%+

🚀 According to documents filed earlier today … Twitter: Brad Garlinghouse / @bgarlinghouse : We said in Dec 2020 that we were on the right side of the law, and will be on the right...

2023-06-08
I would suggest that @GaryGensler block some time on his calendar to sit for depositions—for the next DECADE. I have never seen an SEC Chair this mixed up in the underlying facts of cases brought by the SEC. Nothing close. https://twitter.com/...
2023-06-08 View on X
CNBC

Court filings: Binance's lawyers allege SEC Chair Gary Gensler offered to be an advisor to the company in March 2019 when he was teaching at MIT Sloan

- According to a new filing from Binance's lawyers, SEC Chair Gary Gensler offered to be an advisor to the crypto exchange in 2019.

2023-05-16
1/ Breaking: SEC responds to @Coinbase suit And, no surprise, the SEC is playing a classic delay strategy. Here's what you should know...
2023-05-16 View on X
Blockworks

In its response to a US federal court, the SEC says Coinbase has no right to compel the agency to issue guidelines for crypto companies “on a specific timeline”

The Securities and Exchange Commission has issued a response to Coinbase's complaint requesting the agency to establish regulatory clarity for the industry.

2023-05-12
3/ The Chamber makes 3 arguments. 1. Regulatory uncertainty is killing innovation in the U.S. 2. The SEC is destabilizing the digital assets regulatory environment. 3. The SEC is violating Constitutional Due Process and Fair Notice rights. And the topper is...
2023-05-12 View on X
Cointelegraph

The US Chamber of Commerce filed an amicus brief on May 9 in the Coinbase v. SEC case, slamming the regulator for its “haphazard, enforcement-based approach”

not just crypto. The brief opens with: “As it stands today, nobody knows for certain which digital assets, if any, are ‘securities’ under federal law.” Exactly! @metalawman : 3/ Th...

2/ The U.S. Chamber is a highly influential organization representing companies in all industries across the U.S.—not just crypto. The brief opens with: “As it stands today, nobody knows for certain which digital assets, if any, are ‘securities’ under federal law.” Exactly!
2023-05-12 View on X
Cointelegraph

The US Chamber of Commerce filed an amicus brief on May 9 in the Coinbase v. SEC case, slamming the regulator for its “haphazard, enforcement-based approach”

not just crypto. The brief opens with: “As it stands today, nobody knows for certain which digital assets, if any, are ‘securities’ under federal law.” Exactly! @metalawman : 3/ Th...

2023-05-09
In the U. S., when it comes to the SEC, the process is the punishment. @Ripple will spend $200 million in legal fees defending itself from the SEC. Imagine if that $200 million had been spent on R&D and other jobs in the U.S. It's not supposed to be this way. Not here. https://twitter.com/...
2023-05-09 View on X
CNBC

Ripple CEO Brad Garlinghouse says the company will spend $200M fighting an SEC lawsuit accusing him, a co-founder, and Ripple of selling unregistered securities

- Ripple will have spent $200 million by the time its legal battle with the U.S. Securities and Exchange Commission is over, CEO Brad Garlinghouse said.

2023-03-24
I just read the full statement from Coinbase's top lawyer about the Wells Notice from the SEC. The thing that immediately jumps out is this: Coinbase (very reasonably) asked the SEC staff to tell them which specific tokens the SEC contends are securities. The SEC refused to... https://twitter.com/...
2023-03-24 View on X
CNBC

Filing: Coinbase received an SEC notice warning the exchange of potential US securities law violations that could lead to enforcement actions; COIN drops 10%+

2023-03-23
I just read the full statement from Coinbase's top lawyer about the Wells Notice from the SEC. The thing that immediately jumps out is this: Coinbase (very reasonably) asked the SEC staff to tell them which specific tokens the SEC contends are securities. The SEC refused to... https://twitter.com/...
2023-03-23 View on X
CNBC

Coinbase says it received an SEC notice warning the exchange of potential US securities law violations that could lead to enforcement actions; COIN drops 10%+

- The SEC issued crypto exchange Coinbase a Wells notice, warning the exchange that it identified potential violations of U.S. securities law.