Austin Mills

Crypto Attorney at Morris, Manning & Martin, LLP

[Decrypt @DecryptMedia]

Grayscale #Bitcoin Trust is Open to New Investors Again
► https://t.co/LsS5ZYeH3I

[Neeraj K. Agrawal @NeerajKA]

the internet would be boring and useless without 230

[Austin Mills @Payments_Law]

@LibertyBlitz @danielgouldman1 It’ll be because of bitcoin, not this.

[Austin Mills @Payments_Law]

@PadresinLA @DTranquill 0

[Austin Mills @Payments_Law]

@Zach_of_Earth @btcale @hap_jerry @YungLerk_ @evangreiner @_joerodgers @ClancyRodgers @StarfuryFlames @idANViL @NimaTareh @SeanStacking @TSIndigenous @My_Livin_Truth @ZeitgeistFilm G

[Austin Mills @Payments_Law]

@WhirlingBitcoin @ZoltanAB @Ravi_21M I think he knows that 😉

[Austin Mills @Payments_Law]

@CryptoCobain There’s still 100% to go between here and 0.

[Hailey Lennon @HaileyLennonBTC]

2nd crypto related lawsuit of the day...

Conference of State Bank Supervisor v OCC - Challenging the OCC’s creation of a new special-purpose national bank charter for nonbank companies (specifically re Figure Technologies Inc).

https://t.co/OH3aSv4t2x

[Austin Mills @Payments_Law]

@QuandoMondo1 @GOTXRP @AlexCobb_ @SEC_News Agreed. The SEC should have done this years ago (2017 at the latest)... before that, perhaps there just wasn't enough money/attention to justify). Instead, they let the founders keep dumping into the market. You should take a look at @stephendpalley's breakdown of the complaint.

[Austin Mills @Payments_Law]

@thisisbull8 @AlexCobb_ @SEC_News Bitcoin will.

[Austin Mills @Payments_Law]

@thisisbull8 @AlexCobb_ @SEC_News You are just full of false dichotomies.

[Austin Mills @Payments_Law]

@QuandoMondo1 @GOTXRP @AlexCobb_ @SEC_News Haven't looked, but I doubt securities enforcement is net revenue producing for the government. Penalties often go to victims (and I assume many penalties are never paid).

[Austin Mills @Payments_Law]

@thisisbull8 @AlexCobb_ @SEC_News You're in crypto and you're questioning how those companies could miss this? 😂

[Austin Mills @Payments_Law]

@Pucci1967 @thisisbull8 @AlexCobb_ @SEC_News @stephendpalley has put in the work over on his feed, and I generally agree with what he's saying. Re: what it means for XRP specifically (not Ripple)... that's probably the most interesting question and we can't really look to traditional securities enforcement for parallels...

[Austin Mills @Payments_Law]

@thisisbull8 @AlexCobb_ @SEC_News Neither FinCEN nor the CFTC have authority to determine whether something is a security. Didiuk could easily be representing Ripple as outside counsel at PC. Talking points favorable to clients are part of the job.

[Austin Mills @Payments_Law]

@nic_carter But from a non-legal perspective, XRP holders would probably be best off in the long run if the SEC just put it out of its misery. Maybe that will lead to a few of them getting on board with #Bitcoin sooner than later.

[Austin Mills @Payments_Law]

@nic_carter What will be interesting to see is how much the SEC tries to protect XRP buyers/holders while prosecuting Ripple. In a traditional securities enforcement action, it's hard to take down the company without taking down the securities. It's a little bit different here...

[Austin Mills @Payments_Law]

@GOTXRP @AlexCobb_ @SEC_News Which makes you the lucky one 😄