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VOICE ARCHIVE

Jacob Franek

@panekkkk
12 posts
2023-10-21
This is insane if true. It's equivalent to the SEC saying that either a) the exec lawsuit was weak or even frivolous OR b) we think the execs broke the law but we don't care we'd much rather rush to appeal so we can crush the crypto industry at large
2023-10-21 View on X
CoinDesk

Filing: the US SEC drops charges alleging Ripple CEO Brad Garlinghouse and Chairman Chris Larsen aided and abetted the company in violating securities laws

How High Can It Soar? PYMNTS.com : SEC Drops Claims Against Ripple Executives Bhushan Akolkar / Coinspeaker : SEC Clears Ripple Executives of All Charges in Lawsuit, XRP Price Shoo...

2023-10-20
This is insane if true. It's equivalent to the SEC saying that either a) the exec lawsuit was weak or even frivolous OR b) we think the execs broke the law but we don't care we'd much rather rush to appeal so we can crush the crypto industry at large
2023-10-20 View on X
CoinDesk

Filing: the US SEC drops charges alleging Ripple CEO Brad Garlinghouse and Chairman Chris Larsen aided and abetted the company in violating securities laws

The regulator had included them as defendants in its securities violation case revolving around XRP transactions, and the agency now says it's just pursuing Ripple for damages.

2023-08-08
@gaborgurbacs @keet_io This appears limited to Service Generated Data which appears to be “meta data” around meetings not the actual content of meetings. But hard to tell from this alone.
2023-08-08 View on X
CNBC

Zoom updates its terms to let the company train its AI models using some customer data, but doesn't plan to use audio, video, or chat content without consent

Whether they're hoovering up all the data for training AI or not, it's bad optics and I've seen tech companies sink for less. … @GoTakeAKnapp@anti-social.online : It appears that Z...

2023-07-15
@BillHughesDC Seriously, it's pretty simple. Confused why you find it strange @matt_levine. - For things that are like securities but are not listed as securities in relevant acts, every sale of that thing must be analyzed according to Howey. - You can group different types of sales into...
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 , @...

2023-06-15
I still cannot get over how crypto critics are like “OMG this company with no product, no assets, no users and no revenue is showing exactly how to build a compliant and successful exchange in crypto. Take that Coinbase! 😘✌️” I'm screaming inside h/t @jp_koning https://twitter.com/...
2023-06-15 View on X
@mattwalshinbos

[Thread] After the SEC approved Prometheum's SPBD for digital assets, a look at CEO Aaron Kaplan's bizarre Congressional testimony and issues with the SPBD

This Prometheum storyline has got to be the strangest thing I have seen in awhile in this industry. Has anyone actually looked into this? Beyond bizarre...

2023-03-24
Gensler has gone rogue. As has Warren. Even small crypto companies have *several* counsels. All of them are trying desperately to work within the law but even their counsel are exasperated. The rules don't work, aren't clear, and are impossible to comply with. 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
Gensler has gone rogue. As has Warren. Even small crypto companies have *several* counsels. All of them are trying desperately to work within the law but even their counsel are exasperated. The rules don't work, aren't clear, and are impossible to comply with. 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.

2023-03-21
Signature Bank acquired by Flagstar: - $4b in digital asset deposits will be returned to customers and not assumed by Flagstar - Will cost the DIF $2.5b (suggests SBNY was not solvent at shutdown) https://www.fdic.gov/...
2023-03-21 View on X
Reuters

The FDIC plans to sell all of Signature Bank's 40 branches to Flagstar Bank, as well as some Signature loans and deposits not in its digital banking business

Bloomberg reports:  —  “Signature Bank's crypto-related deposits will be returned to customers directly … Michael Farrell : I am pleased to announce that Signature Bridge Bank, N.A...

2023-03-20
Signature Bank acquired by Flagstar: - $4b in digital asset deposits will be returned to customers and not assumed by Flagstar - Will cost the DIF $2.5b (suggests SBNY was not solvent at shutdown) https://www.fdic.gov/...
2023-03-20 View on X
Reuters

The FDIC plans to sell Signature Bank's deposits to Flagstar Bank, excluding those in its digital banking business, some loans, and Signature's 40 branches

A subsidiary of New York Community Bancorp (NYCB.N) has entered into an agreement with U.S. regulators to purchase deposits and loans …

2023-01-30
This is an unfortunate and consistent pattern in crypto. Regulators lambast the industry for not working with them. However, the few that try go through extraordinary effort and expend considerable resource only to get rejected and die. This signals to everyone not to try. https://twitter.com/...
2023-01-30 View on X
Reuters

The US Federal Reserve rejects Custodia Bank's application to become a Federal Reserve System member, citing safety risks with its crypto-focused business model

2023-01-29
This is an unfortunate and consistent pattern in crypto. Regulators lambast the industry for not working with them. However, the few that try go through extraordinary effort and expend considerable resource only to get rejected and die. This signals to everyone not to try. https://twitter.com/...
2023-01-29 View on X
Reuters

The US Federal Reserve rejected Custodia Bank's application to become a Federal Reserve System member, citing safety risks with the bank's crypto-focused model

The U.S. Federal Reserve on Friday rejected crypto-focused Custodia Bank's application to become a member of the Federal Reserve System …

2022-09-16
Here we go again. No, staking doesn't change anything about Ether's security status. https://twitter.com/...
2022-09-16 View on X
Wall Street Journal

Speaking hours after Ethereum's Merge update, SEC Chair Gary Gensler says cryptocurrencies that let holders stake coins may be subject to US securities laws

SEC chairman says system used by ether following software update could trigger securities laws  —  WASHINGTON—Ethereum's big software update …