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sophia5stist

@sophia5stist

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sophia5stist
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According to Animoca Brands, its Digital Asset Advisory (DAA) business accounted for $165 million in bookings in 2024, a 116% increase over the previous year. The company’s subsidiaries and incubated projects generated $110 million in bookings, while its investment activities contributed $39 million.
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@sophia5stist
Recent efforts to “debank” crypto firms in the US revealed a “staggering” level of corruption among government officials, and the problem is not yet resolved, one banking executive said in a Feb. 27 interview during Bitcoin Investor Week.
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The current user onboarding process is complicated and riddled with friction points, which is the main issue hindering mass crypto adoption, according to Chintan Turakhia, senior director of engineering at Coinbase.
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What if this entire memecoin phenomenon isn’t just a gamble but a carefully rigged game? The latest fiasco involving Argentina’s president, Javier Milei, has revealed a deeper problem: one where a select few insiders seem to always win, leaving everyday investors in the dust.
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https://warpcast.com/carrie11cady/0x843dceb2
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In addition to the Blockchain Association, the task force met with representatives from Nasdaq, Andreessen Horowitz, Multicoin Capital, Jito Labs and Sullivan & Cromwell in early February.
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The SEC’s interest in crypto extends to marketing as well. In December 2024, the SEC updated its crypto marketing rules to “curb the menace” of social media influencers promoting unregulated crypto products. Now, virtual asset service providers must have prior approval before engaging with third-party service providers to promote their crypto products.
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The Libertad project’s native Solana token, Libra (LIBRA), rallied to a market capitalization of $4.56 billion on Feb. 14, after Milei posted about the token on X. It then fell over 94% after he deleted the post, prompting accusations of a pump and dump scheme.
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In a Feb. 16 statement to X, Rombolá, who is also a member of the Argentine political party Unión Cívica Radical, said he had reported Milei for alleged “fraud, negotiations incompatible with public office, price manipulation and financial crimes.”
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“Per the unprecedented 3-page joint motion, the SEC’s review of crypto-related issues is ‘ongoing,’ and the extension will give the SEC time for ‘appropriate review’ as it prepares its answer to the Coinbase petition,” Stark said.
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“Within this illicit association, the crime of fraud was committed, in which the president’s actions were essential,” Baldiviezo said.
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Some analysts have also raised concerns about the project after discovering that Libra’s website domain was created hours before launch, and there is no public owner information.
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The US Securities and Exchange Commission’s lawsuit against Coinbase could be dead in its tracks as the regulator’s newly established Crypto Task Force seeks to resolve prior enforcement action against the exchange, according to former SEC official John Reed Stark.
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https://warpcast.com/bonnies6ja/0x0f9959cf
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https://warpcast.com/darcyon3/0x800238ba
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Lawyers Marcos Zelaya and Jonatan Baldiviezo, along with engineer María Eva Koutsovitis and economist Claudio Lozano, have filed a criminal complaint that alleges Milei was complicit in fraud by promoting Libra, according to a Feb. 17 Associated Press report.
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Baldiviezo also accused Milei of violating the Public Ethics Law, which is Argentina’s framework for public officials, requiring them to declare asset holdings and conflicts of interest.
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Rombolá also said his firm is preparing a class-action suit for people who might have invested in the token and lost money.
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In other words, “Stick a fork in the SEC’s case against Coinbase, it’s done,” he said.
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Trump’s order created a crypto working group led by White House AI and crypto czar David Sacks to come up with a legal framework for crypto and stablecoins, along with studying the possible creation of a national crypto stockpile.
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