The SEC Gets Busted! - Crypto's New Kingmaker - House Hearing Update On The Chain 5 min read February 08, 2022 Free Listen to the showWatch the showLinks to Articles We DiscussThe last few days have been marked by positive news for SWIFT competitor @Ripple: Observers speak of a possible turning point in the law suit with the SEC. But more interesting from our point of view is the cooperation with Modulr, which could give the #RippleNet project a...— Payment Infrastructure News (@payment_infrast) February 8, 2022 #XRPCommunity #XRP Gensler argues that crypto exchanges offering digital assets need to register with the SEC. Bankman-Fried indicated in an interview that he’d prefer to see the CFTC take on a bigger role.Crypto’s aspiring Washington kingmakerhttps://t.co/RR49E4zm7g— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) February 8, 2022 Crypto’s aspiring Washington kingmakerSam Bankman-Fried — the 29-year-old billionaire who founded FTX in 2019 — is leveraging his new political connections as lawmakers try to understand crypto.POLITICOSam SuttonTucker Carlson extolling the virtues of bitcoin and decentralization on his show; cites the bitcoin fundraiser for Canadian truckers. @LaserHodl @nvk @NeilJacobs pic.twitter.com/BOxJhKwzrD— CommodoreBTC 🍊 (@CommodoreBTC) February 8, 2022 “Why not have a securities analysis if it’s unclear already!” Lol 😂 @GaryGensler 🤡 pic.twitter.com/Ra36yYl8ih— Jay V (@JayVTheGreat) February 8, 2022 #stablecoins @FSCDems Hearing:@RepGregoryMeeks Black & Latinx communities lead national adoption of crypto by double digits. Harris poll noted, “While only 11% of white Americans report owning cryptos, 23% of Black Americans & 17% of Hispanic Americans own such assets.”[MORE]— Cleve Mesidor (@cmesi) February 8, 2022 #Today - the full Cmte, chaired by @RepMaxineWaters, is holding a hearing entitled, "Digital Assets and the Future of Finance: The President’s Working Group on Financial Markets’ Report on Stablecoins."Watch it here: https://t.co/3gaU4wVfuA or here 📺: https://t.co/3HOOBipQZa— U.S. House Committee on Financial Services (@FSCDems) February 8, 2022 In today’s House hearing, Congress rejects Treasury’s proposed stablecoin regimeThe biggest takeaway was likely the prevailing bipartisanship in opposition to major banks, which played strongly in favor of the crypto industry today.The BlockKollen Post🚨BREAKING: Document released by @EMPOWR_us reveals @SECGov found "approx. 1,000 pages" of records detailing communications between William Hinman and Simpson Thacher while he was in office, responsive to watchdog group's FOIA request 👇(1/4)https://t.co/OEshFPcjOe pic.twitter.com/8O4BZleIJd— CryptoLaw (@CryptoLawUS) February 8, 2022 https://empowr.us/wp-content/uploads/2022/02/2022-02-07-JF-to-SEC-31-32-35-and-37-appeal-supplement.pdfSo..#XRP was "always" a security, which was purportedly obvious since 2013 even though SEC didn’t know until Dec 2020. Hinman said “we” but meant “I”, and now “no responsive documents” is actually 1,000 pages of records. @SECGov arrogance is astounding. https://t.co/HELDOHEKDa— Roslyn Layton, PhD (@RoslynLayton) February 8, 2022 ^Line & MoneyTap connect, if it wasn't clear. Line's underlying exchange, BitMax offers XRP & loans it. It was rumored to merge with TaoTao, an SBI exchange at one point, as well.https://t.co/6pD2B26QKg— WrathofKahneman (@WKahneman) February 8, 2022 US lawmaker pushes for state-level regulations on stablecoins at hearing on digital assetsSpeaking virtually at a Tuesday hearing, North Carolina Representative Patrick McHenry asked the House Financial Services Committee to consider state-level regulatory frameworks in lieu of a comprehensive federal law on stablecoins.CointelegraphTurner WrightCoinbase Files to Form a PAC Ahead of 2022 MidtermsCrypto firms are vying for influence in Washington, D.C.CoinDeskDanny NelsonWeb3 Startup Alchemy Raises $200M to Fuel Blockchain Development - BlockworksWeb3 blockchain infrastructure startup Alchemy has closed a $200 million round earmarked for Web3 developers.BlockworksStephenHere Are All the Bitcoin and Crypto Companies Airing a Super Bowl Ad - DecryptThe crypto industry is preparing to blitz viewers with commercials during the Super Bowl. Don’t drop the nachos.DecryptJeff Benson#XRPCommunity #XRP Below is the Statement of Facts from the criminal case in which the FBI, IRS and HSI describe how they traced and seized $3.6 Billion in bitcoin stolen during the 2016 hack of Bitfinex. Makes for interesting reading. https://t.co/FrWZpFVGsK— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) February 8, 2022 US government seizes $3.6 billion in bitcoin tied to 2016 hack of crypto exchange BitfinexThe US Department of Justice said Tuesday that it has seized $3.6 billion worth of bitcoin tied to the 2016 hack of crypto exchange Bitfinex.The BlockMichael McSweeneyFDIC to Make Assessing Risks of Crypto a ‘Priority’ for 2022 - DecryptThe Federal Deposit Insurance Corporation has announced that assessing risks in cryptocurrencies will be a top priority for the coming year.DecryptScott ChipolinaSoftbank backed startup to offer retail crypto tradingThe Softbank-backed stockbroker DriveWealth is aiming to undercut Coinbase’s high fees by offering liquidity for partners that want to allow retail investors to trade crypto on their platforms.CointelegraphBrian NewarVesting Contract for Polygon DeFi Protocol QiDAO Exploited for $13 Million - DecryptHackers made off with more than $13 million in various tokens after exploiting QiDAO’s Superfluid vesting contract.DecryptAndrew AsmakovYour Right to Anonymity Ends Where Risk to My Money BeginsPrivacy is a key value of crypto, and of a healthy society. But it ends when you seek wealth and influence - for good reason.CoinDeskDavid Z MorrisTo see a statement like this is incredible (and reaffirming to so many in the space using crypto for good), after years of FUD that crypto is only for criminals. https://t.co/1d26kLF0hH— Brad Garlinghouse (@bgarlinghouse) February 8, 2022