Episode Details

05th Oct: Crypto & Coffee at 8
🔥 Fiat currency is a scam! 🚨 Crypto 🆚 SEC update 👀U.S. Department of the Treasury sanctions more crypto wallets❗ Ripple payment license in Singapore

🔥 Elon Musk CEO of Tesla, SpaceX replied to a tweet that asked “ What’s a scam that’s so normalized, that we don’t even realize it’s a scam anymore? Elon Musk reply “Fiat Currency” https://lnkd.in/d4G7DbSF

🚨 Crypto 2 SEC 0
❗ The U.S. Securities and Exchange Commission (SEC) has formally requested that a federal judge reject Coinbase’s motion to dismiss a lawsuit brought by the regulatory agency. The SEC has claimed that Coinbase has been aware from the outset that the cryptocurrencies it offers are considered securities when they meet the criteria of the Howey test. The regulatory body also alleges that Coinbase acknowledged this fact in its submissions to the SEC. Official filing here https://lnkd.in/dRvt_JQ3 Paul Grewal feels its the same old technique used by SEC his tweet here https://lnkd.in/dqSNUCMV

❗ In an Oct. 3 filing in a New York District Court, the SEC hit back at claims in Coinbase’s dismissal motion and reiterated its belief that some of the cryptocurrencies listed on its platform were investment contracts under the Howey test subject to SEC registration.

🔴 Ripple Case
In a court order dated October 3rd, Judge Torres rejected the SEC’s motion, stating that the regulatory body did not sufficiently demonstrate that there were pivotal legal issues at stake or substantial reasons for differing opinions on the matter. But Lawyers debate over Ripple case after rejection of SEC’s motion for appeal Crypto lawyer Jeremy Hogan described the recent order as a “disaster” for the SEC, but other legal commentators are urging the community to temper its excitement for now. More info on this via Cointelegraph https://lnkd.in/dKqW2QWs

👀 The Office of Foreign Assets Control of the U.S. Department of the Treasury has sanctioned crypto wallets allegedly connected to individuals and companies involved in producing fentanyl. Official info here https://lnkd.in/dj6NsfcV that states China-based chemical companies often attempt to evade law enforcement by using re-shippers in the United States, false return labels, false invoices, fraudulent postage, and packaging that conceals the true contents of the parcels and the identity of the distributors. In addition, these companies tend to use cryptocurrency transactions to conceal their identities and the location and movement of their funds.

🔵 Brad Garlinghouse, CEO of 

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