Episode Details

22nd Jan Crypto & Coffee at 8
🔥 Coinbase vs SEC 📊$4B AUM for Spot #BTC ETF 🚨 Terraform Labs bankruptcy 💡 Rep. Emmer + President Trump against CBDC

🔥 Coinbase vs U.S. Securities and Exchange Commission
According to a tweet by Bloomberg’s Senior Litigation Analyst, Elliot Z. Stein, he assesses a 70% chance of victory for Coinbase in its motion to dismiss all claims made by the U.S. Securities and Exchange Commission (SEC). This evaluation follows the oral arguments presented by Coinbase on Wednesday. He highlighted how Judge Katherine Polk Failla wanted the SEC to provide a definition of “investment contract” that wouldn’t ultimately encompass innocuous collectable items such as Beanie Babies. Check out Blockchain DXB Crypto & COffee at 8 podcasts we get into this in detail.

🎙️ We strongly recommend listening to Laura Shin, podcast session with Samson Enzer from Cahill Gordon & Reindel LLP, some great info and the show notes have some useful info on this case. But it’s important to note they are also representing Coinbase on this matter. Some useful information connected to the Terraform Labs labs case too. Episode available via YouTube here https://lnkd.in/dxEbAryK

⚡ Spot #BTC ETF approval amass 95,000 BTC in 6 days, approaching $4B Assets Under Management Cointelegraph article here states Fidelity’s (FBTC) and BlackRock’s iShares Bitcoin Trust (IBIT) have both had over $1.2 billion in inflows in the first six days of trading. Article here https://lnkd.in/d7uRzTKX

🚨Terraform Labs, declared Chapter 11 bankruptcy in Delaware. The recent classification of LUNA and MIR as securities by a U.S. judge and an ongoing class action lawsuit in Singapore prompted this strategic move. Documents filed on January 21st indicate the voluntary petition for bankruptcy by Terraform Labs Pte. The firm filed for Chapter 11 bankruptcy protection at the United States Bankruptcy Court for the District of Delaware, citing between $100 and $500 million in estimated liabilities and assets, according to a Jan. 21 filing here https://lnkd.in/dS3PyaNB

❗ Terraform was firm behind the failed stablecoin TerraUSD declared in the filing it has between $100 to $500 million in estimated assets and the same amount in liabilities. TerraUSD, a dollar-pegged cryptocurrency and