SEC Ambiguity Used as Weapon Against Crypto Industry: LBRY Hearing Transcript Reveals

• The CFTC’s lawsuit filed against Binance Holdings and CEO Changpeng Zhao may have implications for the Ripple case against the SEC.
• Neil Hartner of Ripple warned not to be too euphoric about the statement, as commodities can also be securities.
• A LBRY hearing transcript reveals how the SEC has been using ambiguity as a weapon against the crypto industry.

CFTC Lawsuit and Ripple Case

The Commodity Futures Trading Commission (CFTC) recently filed a lawsuit against Binance Holdings and its CEO Changpeng Zhao (CZ). This case may have implications for the ongoing Ripple case against the U.S. Securities and Exchange Commission (SEC). Neil Hartner, senior staff software engineer at Ripple working on On-Demand Liquidity (ODL) cross border payments, pointed out that commodities can also be securities, making it possible to be subject to both regulators at once.

SEC’s Use of Ambiguity

Paul Grewal, chief legal officer at Coinbase, noted that this confusion is due to different regulators having different definitions of what constitutes a security or commodity. Hartner further noted that no security can be subject to commodity laws due to this ambiguity being weaponised by the SEC. A transcript from a November 2022 status hearing between LBRY and the SEC was made available yesterday which revealed how LBRY CEO Jeremy Kauffman asked to speak directly to Judge Paul Barba about every offer of remediation he had made being rejected by SEC despite them not clarifying rules for five years before they were sued.

CryptoLaw Post

CryptoLaw posted this document on their website yesterday which highlights how this ambiguity is being used as a weapon against crypto companies in general rather than just in individual cases such as with Ripple or LBRY. This makes it difficult for companies in the space to easily navigate regulations and understand what qualifies as a security or commodity when filing paperwork with government agencies such as the CFTC or SEC.

Worst Of Both Worlds

Hartner warned that it would be „the worst of both worlds“ if one was simultaneously subject to both regulations – double the regulators means double confusion when attempting to comply with laws set by each agency respectively. These regulatory issues are becoming more complex over time due to new technologies such as blockchain continuing to emerge which require updated legislation and regulations from governments around the world so that commercial activity involving these new technologies can remain compliant with both local and international laws.


In conclusion, while there may be implications from CFTC’s lawsuit filed against Binance Holdings on Ripple’s case against SEC, it is important not to overlook how ambiguity is increasingly being used by government agencies such as these two in order make sure that companies operating within cryptocurrencies are complying with all relevant laws set out by their respective jurisdictions before engaging in any commercial activities involving digital assets or other forms of digital currencies/currencies exchange services etc..

Whale Transfers $250M in SHIB Tokens to Unknown Wallet

• An unknown Ethereum address has transferred almost 25 trillion Shiba Inu tokens worth over $250 million from a top crypto exchange to a self-custody wallet.
• The transfer was made in six different transactions and the whale has been amassing ETH rapidly since March 1st, possessing 992 ETH alongside its now 25 trillion SHIB.
• Statistics collected by WhaleAlert shows that the largest transaction it recorded involved the transfer of 4.1 trillion SHIB tokens to an unidentified wallet for around $45 million.

Unknown Address Transfers 25 Trillion SHIB Tokens

An unknown Ethereum address has transferred almost 25 trillion Shiba Inu tokens worth over $250 million from a top crypto exchange to a self-custody wallet, according to on-chain data reported by crypto analytics firm Santiment. The SHIB tokens were moved from an Ethereum address categorized by Etherscan as belonging to US crypto exchange to a new wallet.

Record-Breaking Transfer

The transfer was made in six different transactions and the whale has been amassing ETH rapidly since March 1st, possessing 992 ETH alongside its now 25 trillion SHIB. Related Reading: Major Bitcoin ATM Maker Hacked, Over $1.5 Million In BTC Stolen Shiba Inu Transfer Is 3rd Largest In The World According to The Daily Hodl, the massive transfer to the cold storage makes it the third largest Shiba Inu wallet in the world and the biggest that has not been identified as belonging to an exchange. Statistics collected by WhaleAlert shows that the largest transaction it recorded involved the transfer of 4.1 trillion SHIB tokens to an unidentified wallet for around $45 million.

Shibburn Sees Unprecedented Increase

In a 24-hour span from Monday and Tuesday, the Shiba Inu burn tracking site Shibburn witnessed an explosion in SHIB’s burn rate, with the dog-inspired token incinerating a whopping 453 million coins – marking an unprecedented 1,317% surge. Image: Gfinity

What is Burning?

The act of „burning“ Shiba Inu tokens refers to the process of sending them to an address without any retrievable private key, making them effectively unusable and removing them from circulation permanently. This is often done

Robert Kiyosaki: Invest in Bitcoin to Protect Against Economic Uncertainty

• Robert Kiyosaki, the author of personal finance books, has urged people to invest in Bitcoin (BTC) as a safeguard against economic uncertainty.
• Kiyosaki has warned about the dangers of relying too heavily on fiat currencies and the need to diversify their investments.
• He also predicted that more „fake money“ will be injected into a „sick economy“ due to government bailouts.

Robert Kiyosaki Endorses Bitcoin

Bitcoin, the digital currency that has disrupted traditional finance, has been endorsed by none other than Robert Kiyosaki, the celebrated author of personal finance books. In a cautionary tale about government bailouts, Kiyosaki has urged people to consider increasing their holdings of Bitcoin (BTC) as a potential safeguard against economic uncertainty.

Kiyosaki Warns About Fiat Currency

Kiyosaki, renowned for his book „Rich Dad Poor Dad,“ has advised his followers to invest in cryptocurrencies in the face of worries over the future of fiat currency. The author has long been an outspoken opponent of fiat currencies like the U.S. dollar, which he has previously called „fake money“ that will hasten the „end of the American Empire.“

Kiyosaki Predicts Bank Collapse

Given the recent failure of three large U.S. banks – Signature Bank, Silicon Valley Bank, and Silvergate Bank – he has restated his earlier warnings of an impending „crash landing“ and urged everyone to buy more Bitcoin, gold, and silver as an alternative. He also predicted that more „fake money“ would be injected into a „sick economy“ due to government bailouts.

Kiyosaki’s Advice

Kiyosaki believes that cryptocurrencies have the potential to challenge traditional banking systems and provide a decentralized alternative to fiat currency. He has spoken positively about Bitcoin and other cryptocurrencies in several interviews and tweets, and he has advised his followers to invest in them as a way to hedge against inflation and diversify their portfolios.


In conclusion, Robert Kiyosaki is urging people not just invest in Bitcoin but also gold and silver as protection against an impending crash landing due to government bailouts injecting more “fake money” into what he terms a “sick economy”

Grayscale Sued by Alameda and FTX: $9 Billion at Stake

Grayscale Sued by Alameda and FTX

• Grayscale, the world’s largest Bitcoin fund, is being sued by Alameda and FTX on behalf of their debtors and affiliates.
• The complaint seeks to “unlock $9 billion or more in value for shareholders of the Grayscale Bitcoin and Ethereum Trusts”.
• Grayscale is also locked in a legal dispute with the U.S. Securities and Exchange Commission over their reluctance to allow it to convert its fund into a Bitcoin Spot ETF.

Background Information

Grayscale is owned by Digital Currency Group (DCG) and is managed by CEO Michael Sonnenshein. It offers a fund designed to provide Bitcoin exposure to those who would otherwise be unable to hold units of the actual cryptocurrency. However, because the fund’s shares are not easily redeemable for their underlying Bitcoin, the shares frequently trade well above or below the value of the company’s BTC. Alameda has 22 million shares of Grayscale’s Bitcoin Trust and 6 million shares of its Ether Trust.

Alameda’s Claims

According to a press release issued by FTX Debtors on Monday, claims have also been filed directly against Grayscale CEO Michael Sonnenshein and DCG CEO Barry Silbert. The complaint seeks to „unlock $9 billion or more in value for shareholders of the Grayscale Bitcoin and Ethereum Trusts,“ according to a statement from Alameda. Furthermore, it allegedly made up explanations to keep stockholders from redeeming their shares, resulting in a „self-imposed redemption ban,“ according to the statement – which could recoup almost $250 million in value for FTX clients who have been left high and dry since November when withdrawals were banned on exchange.

SEC Dispute

Grayscale is now locked in a legal dispute with the U.S Securities and Exchange Commission over their reluctance to allow it to convert its fund into a Bitcoin Spot ETF – which would make shares easily redeemable overnight erasing GBTC share discounts at once. The District Court of Columbia will hear oral arguments on this matter on March 7th 2021.

Crypto Market Cap

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Crypto Market Disaster: Investors Hit Hard in 2021

• The year 2021 was a disaster for the crypto market, leading to the downfall of Terra/Luna, Three Arrows Capital, and Celsius Network. Investors were left in turmoil and uncertainty.
• A poll by Coinbase reveals that most US residents believe the current global monetary system is unequal.
• Growing dissatisfaction with current financial system and increasing ownership of cryptocurrency among Americans suggests hope for reform.

Year of Disaster for Crypto Market

A year of disaster for the cryptocurrency market saw the demise of Terra/Luna, Three Arrows Capital, and Celsius Network, as well as the failure of the FTX exchange. Investors were left in a state of disarray, misery, and uncertainty as a result of the events, and many began to wonder if the business had a future at all. Don’t wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today! The recollection of the events serves as a persistent reminder of the industry’s unpredictability, despite the fact that the industry’s wounds are beginning to mend.

Survey Reveals Inequality in Financial System

Despite the negativity and doubt, it looks like hope is not totally lost, at least on cryptocurrency. With regards to general perception on global financial system – it’s a different story. A new analysis by Coinbase reveals a surprising fact about present monetary system in United States. The poll reveals that vast majority of US residents believe global monetary system is unequal. Eighty percent of those surveyed were dissatisfied with current system, and an astounding 67 percent demanded immediate transformation.

Growing Optimism Towards Cryptocurrency

Growing dissatisfaction with current financial system and optimism towards digital currencies and blockchain suggest hope for reform . According to survey data conducted by Morning Consult on behalf of Coinbase , up to 20% (52.3 million) Americans purportedly hold some form cryptocurrency while nearly 30% (76 million) have expressed desire to buy digital currencies within next 12 months . According to data presented in research , 36% members Generation Z 30% Millennials are crypto asset owners .

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The results from survey indicate public is dissatisfied with current situation monetary system It indicates citizens are becoming increasingly conscious injustices need reform In contrast American sentiment towards crypto assets generally positive enthusiastic About 52 % respondents said they were optimistic digital currencies blockchain would lead more equitable financial practices

Crypto Deals: 150% Bonus Plus 100 Free Spins On Top 5 Meme Coins!

• Meme coins are altcoins with actual utility in the crypto industry that originated from fun tokens.
• Five meme coins have potential to make a surprise rally and investors may find both joy and gains.
• Popular meme coins include QUACK, FLOKI, TSUKA, KISHU INU, and SHIBATOGETHER.

What Are Meme Coins?

Meme coins are altcoins that were first made for fun which then evolved to have actual utility in the crypto industry. Dogecoin, the world’s first meme coin, pioneered the space, with Shiba Inu following in its footsteps. These tokens might be fun and all, but with the popularity of meme coins skyrocketing, investors might find both joy and gains!

Investing In Meme Coins

Investing in these top 5 meme coins should make any investors‘ portfolio glow in green. Don’t wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today! Here are five meme coins that have the potential to make a surprise rally in the next coming days: QUACK, FLOKI, TSUKA, KISHU INU and SHIBATOGETHER.


Among the Shiba inu-themed meme coins lie the little-known Rich Quack, a duck-themed cryptocurrency with a vibrant community backing the project. According to Phoenix Group, Rich Quack is one of the most socially active meme coins in the space behind Shiba Inu by a small margin. Based on data by Coingecko, the token is flashing green right now with 11% gains seen at bi-weekly levels. If bulls manage to consolidate above its current support at $1.6731 we may see an even bigger price movement soon!


Floki Inu is another popular Shiba Inu themed token available on several major exchanges like KuCoin & OKX that has caught many investors‘ eyes pushing its trading volume up to nearly $200 million on day of listing according to CoinGecko’s data . The token has been declining since hitting high of $0.00006793 but still showing growth in later time frames as bulls try to defend its support at $0.00003774 for it target higher highs again soon!

TSUKA & Other Meme Coins

Dejitaru Tsuka or TSUKA is another lesser-known coin currently ranked 270th according to CoinGecko’s list showing gains in medium/long term charts due it’s recent 10k holders milestone achieved recently despite being very mysterious (few updates). Other popular meme coins include KISHU INU & SHIBATOGETHER which also have potential for good returns if invested correctly as no one knows what will happen next when it comes down to crypto markets so better keep an eye out always!

Chinese MLM Ponzi Project Amasses 22.37M MATIC – Invest Now for Big Rewards

• A wallet address associated with a Chinese MLM Ponzi project has recently accumulated over 22.37 million MATIC tokens.
• The wallet has consumed more than $122,000 worth of Polygon gas fees in the past week.
• The Ponzi scheme is known to use derivatives and leveraged products, among other complex trading strategies, to trade MATIC as part of its program to make profits for its users.

Chinese MLM Scheme Accumulates 22.37 Million MATIC

According to the on-chain blockchain security and data analytics company PeckShield, a wallet address associated with a Chinese multilevel marketing (MLM) Ponzi project has amassed more than 22.37 million MATIC in the past few days. This makes it the fifth largest holder of MATIC after overtaking Binance’s hot wallet 2 holdings.

Project Details

The Chinese digital asset project, popularly known as ‚Avatar‘, has gained widespread attention within the crypto community because of its enormous consumption of Polygon gas fees as a result of its recent transactions. On-chain analysis by PeckShield showed that the Ponzi-related wallet address completed more than 117,000 transactions on February 12th, an activity that triggered Polygon gas fees to spike by more than 700 gwei. Little is known about the Chinese Ponzi project but it is thought to operate on Chinese social media and offers a referral staking protocol with extremely high rewards (referral stake of 1% APR daily).

Risks Involved

Some crypto community members have warned about this project given the suspiciously high monthly returns (with minimal risks) it offers to participants. The Ponzi scheme uses a controversial hierarchical system called ‚multilevel marketing‘ that requires users to generate revenues by marketing its services and products and recruiting others to join their network. Funds from newer investors are typically used to pay earlier investors in such schemes which may present some risk for those considering investing in them or using their services/products.

Investment Strategies

The activity from this particular address shows there is rising demand for MATIC among investors (increasingly investing more in cryptocurrency) and an increased appetite for crypto as an investment option overall. It appears individuals running the Ponzi scheme use derivatives and leveraged products alongside other complex trading strategies to trade MATIC as part of their programs in order to make profits for their users.


The presence of a large number of funds being invested into this particular Chinese MLM Ponzi confirms there is growing interest in cryptocurrencies investments amongst all types of investors – both new and experienced alike – looking for lucrative opportunities within this space. However, due diligence should be taken when considering such investments given their potential risks involved with these types of projects

Shiba Inu Soars To Top Holding: Ethereum Whales Boost Token Price

• Ethereum whales have been taking advantage of Shiba Inu’s price surge, pushing it to become the largest token holding among the top 5,000 Ethereum whales.
• Currently, these whales hold over 50.5 trillion SHIB worth approximately $708.4 million, accounting for 17.82% of their total value holding.
• SHIB’s increased volume has helped drive its price higher and put it in a unique position to benefit from this renewed interest from investors.

Ethereum Whales Boost Shiba Inu To Top Holding

At one point in time, Shiba Inu was the largest token by dollar value among the top 5,000 Ethereum whales but its price had fallen more than 80% from its all-time high causing these large investors to reduce their holdings drastically. However, with its recent double-digit gains and increasing momentum, SHIB has reclaimed its spot as the number one token held by these whales.

Shiba Inu Holdings By Ethereum Whales

Currently these whales hold over 50.5 trillion SHIB worth approximately $708.4 million which accounts for 17.82% of their total value holdings and puts it ahead of stablecoins USDT and USDC which make up 17.35% and 14.46%, respectively, of their holdings.

Price Surge For Shiba Inu

The renewed interest from investors due to SHIB’s growth has seen its price rise over 19% in the last seven days and hit a three-month high despite multiple drawdowns during this time period as well as being the most traded token among these large ETH holders in the past 24 hours which is helping to further push up SHIB’s price even more.

Benefits For Investors

The surge in popularity that Shiba Inu has seen over this past week is giving investors a unique opportunity to capitalize on this newfound momentum as well as benefit from its increased volume due to the interest from Ethereum whales who are now taking advantage of SHIB’s growth during this time period once again after reducing their holdings drastically before this resurgence began happening recently..


In conclusion, it is clear that Shiba Inu is now back on track as one of the top tokens held by Ethereum whales due to its recent surge in popularity and double-digit gains over the past week which have also resulted in an increase of volume for SHIB and benefiting those who invest in it at this current moment..

Digital Yuan Expands to 17 More Provinces, Introduces Offline Payments and Smart Contracts

• China’s central bank, the People’s Bank of China (PBOC), announced the continued expansion of the country’s central bank digital currency (CBDC), the digital yuan.
• The digital currency is currently undergoing a pilot program expanded to 17 more provinces across China.
• Two new features, offline payments and smart contracts, have been introduced alongside the CBDC pilot program to improve its use cases.

The People’s Bank of China (PBOC) recently announced the expansion of the digital yuan, a central bank digital currency (CBDC), across 17 more provinces in China. This move is part of the bank’s efforts to provide the public with a digital alternative to the traditional paper currency.

The digital yuan was first tested in the four major cities of Shenzhen, Suzhou, Xiong’an and Chengdu in 2020. From there, the pilot program was expanded to seven more cities in December. The latest expansion of the program to 17 additional provinces will help the PBOC increase the reach and usage of the digital currency.

The PBOC is also focusing on launching a system that will allow consumers to “scan with one code” when making payments using the digital yuan. This means that merchants will not have to increase their costs to support digital yuan payments.

In addition to the expansion of the pilot program, the PBOC has introduced two new features to the digital yuan. The first is an offline payments feature, launched on January 23, which allows users to make payments without the need to access the internet. This is done through NFC (Near-field) technology that enables communication between two electronic devices over a distance of 4 cm or less to confirm payments.

The second feature is a smart contract capability, which was introduced earlier this month on the e-commerce app Meituan. This feature allows users to win a daily prize of $1,312.

The PBOC hopes that these new features and the expansion of the pilot program will help increase the usage and adoption of the digital yuan. The bank also plans to continue innovating the digital currency, so that more people can benefit from its use.

Crypto Whales Show Interest in XRP Despite Ripple vs. SEC Legal Battle

• The Ripple Vs. SEC legal battle is creating tension for XRP as the court sittings could end this year.
• Crypto whales have continued to show more interest in XRP, with millions of tokens recently transferred by some whales.
• Notable transactions involving XRP tokens have included a transfer of 160 million XRP coins worth over $65.53 million, and 39,500,000 XRP tokens worth $16.2 million.

The Ripple Vs. SEC legal battle has been creating a lot of tension for the XRP token. The court sittings for the case could end this year, and the Ripple CEO has been optimistic that the lawsuit could come to an end in 2023. Despite the recent dips in XRP prices, crypto whales have continued to show more interest in the token. On-chain data provider Whale Alert reported multiple transactions involving XRP tokens recently made by some crypto whales.

The single largest transaction involving XRP tokens was a transfer of 160 million XRP coins between two unknown wallets on January 27. According to the current crypto market prices, the tokens are worth over $65.53 million. Another notable transaction was a transfer of 39,500,000 XRP from Bitso to an unknown wallet, occurring on January 26 and worth $16.2 million.

Other smaller transactions that occurred included a transfer of 30 million XRP coins worth $12.41 million from an unknown wallet to Bitso, and 33 million XRP tokens worth $13.65 million to Bitstamp from an anonymous wallet. These transactions demonstrate the continued interest in XRP tokens, even amidst the bearish crypto market and the legal battle with the SEC.

It remains to be seen how the Ripple Vs. SEC legal battle will pan out, and what effect it will have on the XRP token. However, these recent transactions show that there is still demand for XRP tokens, and the token might be able to weather the storm.