Philipp Petkevitch pfp

Philipp Petkevitch

@petkevitch

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Philipp Petkevitch pfp
Philipp Petkevitch
@petkevitch
What happened in the crypto industry last week (June 24-30)? 1/ SEC Files Lawsuit Against Consensys: The SEC has charged Consensys with violating securities laws, alleging that Consensys offered MetaMask Swaps and MetaMask Staking services without the necessary broker registration. According to the SEC, investors in staking programs were investing Ethereum with a reasonable expectation of profits, and Consensys acted as an intermediary in unregistered transactions through staking programs like Lido and Rocket Pool, depriving investors of necessary protections. Full details: https://www.docdroid.com/YS1DSF5/sec-v-consensys-pdf
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Philipp Petkevitch pfp
Philipp Petkevitch
@petkevitch
What happened in the crypto industry last week (June 17-23)? 1/ Consensys requested clarifications from the SEC regarding the investigation into Ethereum following the approval of spot ETFs based on the asset. The SEC responded that it has completely closed the investigation and does not intend to recommend enforcement actions. Full report here: https://assets.ctfassets.net/gjyjx7gst9lo/6BtUdxsw1vlatBjIspkJN9/792adab194b9ac71c1eeeded42b01615/Termination_Notice_K._Schwartz_6.18.24.pdf
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Philipp Petkevitch pfp
Philipp Petkevitch
@petkevitch
What happened in the crypto industry last two weeks (June 1-16)? 1/ Coinbase submitted a report to the appellate court criticizing the SEC's policy on digital assets. The company argues that the regulator deliberately creates difficulties for market participants before suing them. (https://assets.ctfassets.net/sygt3q11s4a9/6epGNmHl71Xt2WPaRYKob3/b02e476a519c3c7f43c89dc8c24d2c8a/2024.05.31_-41-_Coinbase_Reply_Brief.pdf)
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Philipp Petkevitch pfp
Philipp Petkevitch
@petkevitch
What happened in the crypto industry last week? (April 8-14) 1/ The SEC has sent a Wells Notice to Uniswap, indicateing the SEC's intention to sue the exchange. Uniswap's management has not disclosed the exact contents of the Notice, but in their blog, the team stated that the UNI token is not a security.
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Philipp Petkevitch pfp
Philipp Petkevitch
@petkevitch
What happened in the crypto industry last week (April 1-7)? 1/ Several amicus briefs were submitted in the case against Roman Storm by Coin Center, DeFi Education Fund, and Blockchain Association, emphasizing the erroneous nature of holding developers liable and the immutable characteristics of smart contract pools.
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Philipp Petkevitch pfp
Philipp Petkevitch
@petkevitch
What happened in the crypto industry last week (March 25-31)? Top-3 news: 1/ The London Stock Exchange will start trading Crypto Exchange Traded Notes (ETNs) in May 2024. According to the exchange, trading in cryptocurrency ETNs will only be available to professional investors.
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Philipp Petkevitch pfp
Philipp Petkevitch
@petkevitch
What happened in the crypto industry last week (March 18-24)? 1/ Alexey Pertsev faces money laundering charges. The Netherlands Prosecutor's Office accused one of the Tornado Cash devs of laundering $1.2 billion. Pertsev is alleged to have been involved in laundering illegally acquired funds through the platform.
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Philipp Petkevitch pfp
Philipp Petkevitch
@petkevitch
Simplest guide on accepting crypto for a U.S.-based startup (with invoices) 1/ Set up an institutional account at Coinbase/Kraken/etc. Prerequisite — having a corporate bank account (ew).
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Philipp Petkevitch pfp
Philipp Petkevitch
@petkevitch
What happened in the crypto industry last week (Mar 11 - Mar 17)? 1/ Yuga Labs has filed a new lawsuit against artist Ryder Ripps for copying the BAYC collection and failing to comply with a previous court decision. Ripps claimed he lost access to the wallets containing the copied NFTs.
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Philipp Petkevitch pfp
Philipp Petkevitch
@petkevitch
What happened in the crypto industry last week (Mar 4 - 10): 1. FinCEN clarified that it's prohibited from applying the Corporate Transparency Act (CTA) selectively against specific parties to the National Small Business United v. Yellen case, which found that the CTA exceeded Congress's constitutional powers.
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Philipp Petkevitch pfp
Philipp Petkevitch
@petkevitch
What happened in the crypto industry last week (Feb 26 - Mar 3)? 1/ Eight States Challenge SEC: Accusing the SEC of overreaching with its lawsuit against Kraken, officials emphasize concerns over regulatory authority.
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Philipp Petkevitch pfp
Philipp Petkevitch
@petkevitch
What happened in the crypto industry last week? 1/ Binance Accepts Responsibility: Binance Holdings Ltd. agrees to a $4.3 billion fine as part of a plea deal approved by the court, marking one of the largest corporate fines in US history.
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Philipp Petkevitch pfp
Philipp Petkevitch
@petkevitch
What happened in the crypto industry last week? 1/ A new Whitehat Safe Harbour Agreement is out, protecting whitehat hackers from liability. This is a game changer for cybersecurity in crypto. https://twitter.com/samczsun/status/1757784864575910104
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Philipp Petkevitch pfp
Philipp Petkevitch
@petkevitch
What happened in the crypto industry last week? 1/ A court required Ripple Labs to provide the SEC with financial statements for 2022-2023, despite Ripple's claim of confidentiality and the regulator's request being untimely. The SEC requested the reports in early January 2024.
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Philipp Petkevitch pfp
Philipp Petkevitch
@petkevitch
But that time I’m tired of being creative with my first post on a new_popular_social_network
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