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Sam Bankman-Fried, the founder and former CEO of defunct cryptocurrency exchange FTX, filed a memorandum on Sep. 1 asking the court to deny the prosecutor’s in limine requests. The memorandum, penned by SBF’s lawyer Mark Cohen, calls the requests filed by the United States Department of Justice (DOJ) “unfounded and overbroad,” among
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied An undisclosed SEC memo, spotlighted in a recent Twitter discussion, questions the agency’s initial stance on XRP’s classification, complicating Ripple’s ongoing legal battle. Bill Morgan highlighted a memo discussing the SEC’s internal views on XRP’s security status. John
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Democratic Party members of the U.S. House Committee on Financial Services were handed a memo instructing them to back the party’s position on crypto regulation moments before the commencement of the hearings on May 10. According to the party’s leaked memo, Democrats on the committee were expected to point to
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Interestingly, the new Twitter valuation is less than half of what Elon Musk paid for the social media giant in Q4 2022. Elon Musk has reportedly halved the valuation of social media giant Twitter in a new employee internal memo. According to the outspoken Tesla (NASDAQ: TSLA) CEO, Twitter’s staff will receive stock grants based on a $20
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Busan, South Korea’s second-largest city, launched its blockchain initiative four years ago to put out the welcome mat for the growing industry, hoping to attract technology, jobs and investment and shift away from a reliance on seaborne trade and tourism. Problem is, the message didn’t seem to reach the blockchain sector.Busan,
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Securities and Exchange Commission (SEC) commissioner Hester Peirce has spoken out against crypto company bailouts, arguing it’s actually better to “let these things play out,” to create a more sustainable industry. Peirce, the most pro-crypto commissioner for the United States SEC, told Forbes that the recent crash in crypto, though painful,
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The United States House Committee on Financial Services released a memorandum detailing the points of discussion during the hybrid hearing on digital assets, to be held today at 10:00 a.m. ET.Addressing the members of the Financial Services Committee, the memo confirmed that the hearing will dedicate one panel to six
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Last week, Brian Armstrong, the CEO of Coinbase, published a Medium post stating the company would not engage in broad societal issues, would not take on activism and would not be a forum for political debate and discourse. He said he published this memorandum in response to internal strife at
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The U.S. tax department has provided guidance around crypto revenue earned from microtasks via crowdsourcing platforms, and yes, such income is taxable. Source
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