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augustwilson081

@augustwilson081

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augustwilson081
@augustwilson081
The crypto industry must undergo a philosophical shift to achieve genuine mass adoption. Technical complexity should be a back-end consideration, not a front-end feature. Every project should ask, “Could my grandfather use this?” If the answer is no, it’s not because Grandpa lacks technical sophistication — it’s because we’ve failed in our design.
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augustwilson081
@augustwilson081
The crypto industry must undergo a philosophical shift to achieve genuine mass adoption. Technical complexity should be a back-end consideration, not a front-end feature. Every project should ask, “Could my grandfather use this?” If the answer is no, it’s not because Grandpa lacks technical sophistication — it’s because we’ve failed in our design.
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9amelia87
@9amelia87
Crypto traders are raking in millions following the launch of Official Trump (TRUMP), a Solana-based memecoin introduced by US President-elect Donald Trump.
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chsmith07201
@chsmith07201
Moro and DCG agreed to the civil penalties without admitting to or denying any violations of the Securities Act of 1933.
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9amelia87
@9amelia87
The settlement is the latest chapter in the legal saga of Genesis, which filed for Chapter 11 bankruptcy protection in January 2023 due to a 2022 default by Three Arrows Capital — a former borrower of Genesis.
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chsmith07201
@chsmith07201
According to the Jan. 17 filing, DCG and Moro have agreed to pay a combined $38.5 million in civil penalties, with DCG liable for $38 million and Moro liable for $500,000.
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isabella819jones
@isabella819jones
The US SEC has charged Digital Currency Group (DCG) and former Genesis CEO Soichoro “Michael” Moro with misleading investors about the financial health of Genesis in the aftermath of the Three Arrows Capital (3AC) collapse.
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alfredandme009
@alfredandme009
Meanwhile, pseudonymous crypto trader 0xsun purchased nearly 1 million TRUMP tokens with 3,000 Solana , worth $653,000. By selling part of their holding for $812,000, they netted over $3.7 million in profit.
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austin998099
@austin998099
Wyoming, in the United States, has introduced a bill to create a Strategic Bitcoin Reserve, joining several other states nationwide ahead of Donald Trump’s presidential inauguration on Jan. 20.
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austin998099
@austin998099
“Wyoming took its first bold step toward a strategic Bitcoin reserve,” Wyoming Senator Cynthia Lummis wrote in a Jan. 17 X post, following the introduction of the bill titled “State Funds-investment in Bitcoin,” which, if passed, allows a portion of Wyoming state funds to be invested in Bitcoin.
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isabella819jones
@isabella819jones
Lummis, a vocal Bitcoin advocate who introduced the Bitcoin Strategic Reserve bill for the US government in July 2024, praised Wyoming representative Jacob Wasserburger for introducing the legislation to “allow permanent funds to diversify into Bitcoin.”
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charlottedavis
@charlottedavis
With the leadership of the US Securities and Exchange Commission set to fall under the Trump administration starting on Jan. 20, it’s unclear what the status of legal cases filed against Coinbase — and vice versa — will be going forward.
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charlottedavis
@charlottedavis
The SEC filed an enforcement action against the exchange in June 2023, alleging it had operated as an unregistered securities exchange, broker and clearing agency. On Jan. 7, a federal judge stayed the case until a higher court ruled on an interlocutory appeal.
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abrahamwilson
@abrahamwilson
Separately, Coinbase filed Freedom of Information Act lawsuits against the SEC and Federal Deposit Insurance Corporation in 2024 over allegations US government agencies had attempted to debank crypto firms.
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abrahamwilson
@abrahamwilson
An appellate court will also likely rule on a third legal matter over a 2022 request from Coinbase for the SEC to create “potential rules to identify which digital assets are securities.”
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johnsonapollo42
@johnsonapollo42
Meta CEO Mark Zuckerberg’s change of heart about free speech isn’t what it seems.
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johnsonapollo42
@johnsonapollo42
On Jan. 7, the Facebook founder said his company would “get back to our roots around free expression” by ending third-party fact-checking in the United States and “lifting restrictions” on speech.
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johnsonapollo42
@johnsonapollo42
Less than a week later, it became clear that Zuckerberg’s commitment to free expression doesn’t include decentralized social media competitors like Pixelfed and Mastodon. When Facebook users tried to link to these platforms, they were met with “spam” notifications and their posts were purged immediately.
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augustwilson081
@augustwilson081
Meta’s commitment to free speech apparently doesn’t extend to backlinks to decentralized social media networks. According to a 404 Media report, Facebook has been actively removing links to Instagram competitor Pixelfed and Mastodon, an open-source social networking service.
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augustwilson081
@augustwilson081
The newsletter also explores Tether’s jarring lawsuit against Swan Bitcoin, the emerging role of institutional crypto and a looming TikTok ban in the United States.
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