Crypto_Man

Crypto HODLER. Not a Financial Advisor!

[Crypto_Man @CryptoMan1990]

Always Do Your Own Research before Buying!
Diversifying is the name of the game!

***NOT FINANCIAL ADVICE***

[Coin Bureau @coinbureau]

🚨LATEST: Ripple CEO Brad Garlinghouse says the SEC case is now officially over, calling it a "big win" for Ripple and the crypto industry.

[Crypto_Man @CryptoMan1990]

@DarahimCo ما هو العنوان العملة حتى اقدر اضيفها بمحفظة الmetamask

[Crypto_Man @CryptoMan1990]

@DarahimCo @OmarAcherki2006 Could you please provide the contract address for the project for when swapping through the website

[Crypto_Man @CryptoMan1990]

@DarahimCo I did a BNB swap from the website from my Metamask, what is the contract address to add it to my wallet

[Crypto_Man @CryptoMan1990]

@coinbureau This guy is a savant at tracking 🤯

[Coin Bureau @coinbureau]

Those of us in the crypto community should just completely ignore the latest crop of celeb scamcoins.

If you choose to engage with these grifters, then you're part of the problem.

[John E Deaton @JohnEDeaton1]

THE WAR AGAINST CRYPTO IS NOT DEAD

The @SECGov sued @Ripple but did not limit its allegations to only apply to Ripple and its executives. It ignored 75 years of caselaw and claimed XRP itself was a security.

The industry hoped it was just a one-off and only about @Ripple. Then came the @coinbase and @krakenfx cases claiming other tokens were also securities.

Then we had Chokepoint 2.0, along with @CaitlinLong_ and @custodiabank’s battle with the @federalreserve.

Gary Genlser is gone. It appears those battles may be over (although we must keep a close eye on Caitlin’s battle and progress).

But we still have the case against @rstormsf and the prosecution of two other software developers behind the BTC-based privacy wallet Samourai.

The cases involve Section 1960 of Title 18 of the United States Code, which prohibits the operation of unlicensed money transmitting businesses. Section 1960 requires money transmitting businesses to register with FinCEN.

In 2019 FinCEN published guidance around Section 1960 that caused almost everyone to believe that control over user funds is required in order to be considered engaging in a money transmitting business.

Since, at least 2019, if not earlier, the crypto industry has believed that someone who develops software and that software operates without the developer touching the money that’s flowing through the software, the developer is NOT a money transmitter. Therefore, that developer would never need to get a license from the federal government and thus, never be required to submit reports to regulators.

But that is NOT the law, according to federal prosecutors at the DOJ. The DOJ’s interpretation in prosecuting Tornado Cash developer @rstormsf and the two developers of the Samourai Wallet is that the developers could be considered a money transmitters under Section 1960 even if they never took or assumed control of any of the software’s users’ funds.

A lot of people in the crypto community believed the Roman Storm case would be dismissed. Not so. Judge Failla, the same judge on the @coinbase case, sided with the DOJ and ruled that creators of software that handle money can in fact be considered money transmitters, despite never exercising control of user funds.

Hence, the DOJ’s extremely broad interpretation of Section 1960, now validated by a federal district judge, is so sweeping that software developers of noncustodial protocols face not only fines but also prison time (5 years per violation).

The Government can fight over spot ETFs and call
Certain tokens securities but in the end, DeFi protocols is what the government hated the most. These cases are an existential threat to Defi.

I hope to help raise awareness of just how significant these cases are. If Roman Storm is found guilty and loses a single day of his freedom, imagine the chilling effect it would have on the DeFi industry.

DeFi scares both regulators and incumbent legacy players, there will be resistance to dismissing these cases. The fight continues.

[Crypto_Man @CryptoMan1990]

@BitcoinPierre @JoelKatz You do know that what Bitcoin is now, is not the same Bitcoin when it was first started, right? updates and upgrades was done to the system overtime, to have the Bitcoin we have now, early developers realized why it would fail as a p2p cash system and went to create xrp

[Crypto_Man @CryptoMan1990]

@BitcoinPierre @JoelKatz Have you not heard of Bitcoin Core? who actually currently still maintain Bitcoin, they can propose and alter the code, but it's up to the miners to update it or not, same concept here, ripple can propose updates, it's up to the validators to accept it and run it... Please learn

[Crypto_Man @CryptoMan1990]

@realDonaldTrump A look at the next 4 years, enjoy!

[Crypto_Man @CryptoMan1990]

@coffeebreak_YT You need to check out what happened to trump coin 😂 it rugged as expected after he retweeted a Melania meme coin

[Crypto_Man @CryptoMan1990]

@CUTNCrypto @stevieB110 @crypto_bitlord7 You do know Im not a moon boy investor 😂 I know XRP won't hit 20 tril market cap overnight, Im not delusional like most influencers, cuz most of the ppl in it right now are what caused the .com bubble, that threw money at anything with a .com (but doesn't mean it was a fantasy)

[Crypto_Man @CryptoMan1990]

@CUTNCrypto @stevieB110 @crypto_bitlord7 Alright, have fun then, not going to waste my time on someone who genuinely doesn't want to learn about the tech

[Crypto_Man @CryptoMan1990]

@CUTNCrypto @stevieB110 @crypto_bitlord7 No but trading something you don't understand is

[Crypto_Man @CryptoMan1990]

@CUTNCrypto @stevieB110 @crypto_bitlord7 Saying it will go both ways so when it does go one of each way, doesn't mean you were right 😂 that's not how logic or reality goes, u said I will have the 2.69 positon held for three months with fear of it closing... Just admit u were wrong 😂😂

[Crypto_Man @CryptoMan1990]

@CUTNCrypto @stevieB110 @crypto_bitlord7 I am saying ur entry point was 2.684, on a x23 leverage, your closing position would be at around 2.801, unless you are feeding more capital to cover the close positon

[Crypto_Man @CryptoMan1990]

@CUTNCrypto @stevieB110 @crypto_bitlord7 You do know Bank of America has already been using XRP, 80% of japanese banks are using it as well... South Korean Banks and a lot more countries are adopting it, because they realize instead of going through SWIFT they can deal with each other directly

[Crypto_Man @CryptoMan1990]

@CUTNCrypto @stevieB110 @crypto_bitlord7 U do know, that I am not saying everything is going to keep going up forever, I know XRP is going to go back down, but the coins that have utility behind it will survive past bear markets

[Crypto_Man @CryptoMan1990]

@CUTNCrypto @stevieB110 @crypto_bitlord7 U do realize banks are already using XRP, right? It's gna be used what it was built for, cross border payments...

[Crypto_Man @CryptoMan1990]

@CUTNCrypto @stevieB110 @crypto_bitlord7 If anything the court is who to thank for over turning the SEC, and have been called them "Arbitrary and capricious" on many occasions, which basically means they were circumventing the law