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CryptoLaw
U.S. Legal and Regulatory News for Digital Asset Holders. Founded by John Deaton. (Temporarily limiting replies on some posts to fight scam bots.)
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REGARDING LINQTO:
Less than 14 hours after posting this form, 4,902 Linqto customers/investors have expressed their desire for me to see this through. Again, I will not seek to be paid for my time or my efforts.
A lawyer motivated by justice and not 💰 is bad news for the bad guys.
57,59K
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🚨NEW: On a press call before the House breaks for August recess, I asked @GOPMajorityWhip how he plans to win over enough Senate Democrats to support his Blockchain Regulatory Certainty Act, especially given that Senator @MarkWarner, a key moderate on @BankingGOP, has been laser-focused on illicit finance.
The bill, included in Banking’s market structure discussion draft and in the House’s CLARITY Act, aims to clarify that blockchain developers and infrastructure providers (like miners, validators, and node operators) aren’t money transmitters as long as they don’t custody funds.
Emmer says Warner “should love the BRCA” — calling it a non-partisan issue:
“This isn’t about Republicans or Democrats…it’s about protecting Americans and making sure innovators have clear rules.”
Emmer also said he trusts the Senate to take up the CLARITY Act and pass it — and if they make adjustments or improvements to it along the way, “that’s great.”
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I’m surprised @UpholdInc hasn’t been acquired. Uphold’s valued at about $1.5-$2B. I’m surprised @coinbase ($100B) @RobinhoodApp ($90B) @Ripple ($30B) or @krakenfx ($10B) haven’t yet made a play. I think a TradFi Company like @CharlesSchwab ($173B) would be smart to pull the trigger.
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#Crypto IMO, @SenWarren @AOC @BernieSanders @SenSchumer and the Dems made a fatal and generally hypocritical error in deciding to deride the crypto industry and its supporters and siding with entrenched and monopolistic big banks. Now, crypto has MONEY and power. Big failure
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As Congress works on historic crypto legislation this week, the stakes couldn’t be higher: 55 million Americans own crypto—and three in four say we need smart, clear laws. These bills are designed to protect the everyday Americans who own and use digital assets.
@NatCryptoAssoc will continue to be a trusted resource, educating and demystifying crypto as the landscape evolves.
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Two years ago Judge Torres stated “XRP itself is not a security” and cited the nearly 4K XRP Holder Affidavits I submitted in the case.
Out of over 2K Exhibits submitted by the parties, Judge Torres only cited a few dozen in her Summary Judgment Decision - XRP Holder Affidavits was one of them.
When ruling secondary market sales of XRP NOT securities, she ALSO cited my efforts as amicus counsel for @naomibrockwell in the @LBRYcom case (see FN 16 of the Decision).
One hour after the Torres Decision, @coinbase @krakenfx and others relisted XRP for trading and we made HISTORY defeating the @SECGov.
NEVER let someone tell you that you can’t make a difference and that it’s useless fighting the Government.
The XRP Holders who joined the cause deserve much credit. @naomibrockwell deserves credit for taking the risk of highlighting herself by allowing me to represent her as amicus counsel. We made a real difference in Crypto history and we have the receipts to prove it.
And thanks to @CGasparino for not picking a cheap restaurant in Manhattan. The 🥩 and 🥃 and convo were all great!
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