Today's filings make it clear the SEC isn’t interested in applying the law. They want to remake it all in an impermissible effort to expand their jurisdiction far beyond the authority granted to them by Congress.
My hot take - after two years of litigation, the SEC is unable to identify any contract for investment (that’s what the statute requires); and cannot satisfy a single prong of the Supreme Court’s Howey test. Everything else is just noise.
.@GaryGensler's latest WSJ commentary proves that the SEC's priority is to protect its turf at the expense of the 40M+ Americans in the crypto economy. I responded, explaining how his agency’s actions are actually leaving consumers holding the bag. https://t.co/3yxaTHFuSp
Can’t comment on the validity of the slew of allegations in here, but I can unequivocally say that I have never met or spoken to (much less invested in) Kyle Roche.
https://t.co/s5Qu91AV2Z
It’s been a long time coming (working through the regulatory process takes time - worth it!), but I’m absolutely ecstatic to be in Sao Paulo as ODL with XRP launches with one of the biggest FX providers in Brazil - Travelex Bank