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<blockquote style="position: relative; padding-left: 55px;"><section><a href="https://hachyderm.io/users/molly0xfff/statuses/113705087060802134">Molly White (molly0xfff@hachyderm.io)'s status on Tuesday, 24-Dec-2024 09:59:05 JST</a><a href="https://hachyderm.io/@molly0xfff" title="molly0xfff@hachyderm.io"><img src="https://gnusocial.jp/avatar/34789-48-20230824095227.webp" width="48" height="48" alt="Molly White" style="position: absolute; left: 0; top: 0;">Molly White</a><div><a href="https://hachyderm.io/@molly0xfff/113705082907136653" rel="in-reply-to">in reply to</a></div></section><article><p>Despite the looming administration change, the SEC has still been sending out Wells notices. Crypto.com, however, is so confident the SEC will be hobbled by the new administration that they withdrew a lawsuit against the agency — the same day their CEO met with Trump.</p><p><a href="https://hachyderm.io/tags/crypto" rel="tag">#crypto</a> <a href="https://hachyderm.io/tags/cryptocurrency" rel="tag">#cryptocurrency</a></p></article><footer><a rel="bookmark" href="https://gnusocial.jp/conversation/4244992#notice-8296736">In conversation</a><time datetime="2024-12-24T09:59:05+09:00" title="Tuesday, 24-Dec-2024 09:59:05 JST">about 4 months ago</time> <span>from <span><a href="https://hachyderm.io/@molly0xfff/113705087060802134" rel="external" title="Sent from hachyderm.io via ActivityPub">hachyderm.io</a></span></span><a href="https://hachyderm.io/@molly0xfff/113705087060802134">permalink</a><h4>Attachments</h4><ol><li><article><header><div>Domain not in remote thumbnail source whitelist: crypto.com</div><h5><a href="https://crypto.com/">Crypto.com: The best place to buy Bitcoin, Ethereum, and 250+ altcoins</a></h5><div> from <span>@crypto.com</span></div></header><div>Join the 50M+ users who are investing with Crypto.com. Access an ecosystem of crypto-related products, including the Crypto.com App, Crypto.com Visa Card, Crypto.com Exchange, Crypto.com Pay, and Crypto.com NFT.</div><footer></footer></article></li><li><label><a rel="external" href="https://gnusocial.jp/attachment/3764051">The Unicoin crypto investment company say they have received a Wells notice from the SEC,c warning them of impending legal action involving not only unregistered securities offerings, but also fraud and deceptive business practices. Unicoin’s CEO Alex Konanykhin said the company received subpoenas earlier this year focused on the company’s eponymous token, which they say is backed by real-world assets including real estate. This is not the first SEC investigation into Unicoin, though previous ones did not result in any legal action. Unlike most crypto projects, Unicoin self-identifies its token as a security. While Unicoin had previously agreed with the SEC that they would not to try to go public or undertake ICOs, Konanykhin said they had decided to breach the agreement after Trump won the presidency.13 As a side note, Fortune Crypto has rather amusingly attributed this notice to SEC Chairman Gary Gensler’s “anti-crypto campaign”. Whether the headline writer meant to suggest that going after fraudsters is itself “anti-crypto”, or if this was an accidental peek behind the curtain of the “SEC anti-crypto campaign” narrative coming from the industry, is not quite clear to me.The SEC has also reportedly delivered a Wells notice to the CyberKongz NFT gaming project. CyberKongz claimed in a statement on Twitter that the SEC communicated to them that they “can not have a token (ERC-20) in tandem with a blockchain game without registering it as a security”. Ho</a></label><br><a href="https://media.hachyderm.io/media_attachments/files/113/705/083/947/199/646/original/88ddf7fcab7b2128.png" rel="external">https://media.hachyderm.io/media_attachments/files/113/705/083/947/199/646/original/88ddf7fcab7b2128.png</a></li><li><label><a rel="external" href="https://gnusocial.jp/attachment/3764052">Crypto.com has abruptly dropped the lawsuit it had only just filed against the SEC in October [I68] — a lawsuit which seemed to be a direct response to a Wells notice issued by the agency against the company in August. This unusual move just so happened to coincide with a meeting between Donald Trump and Crypto.com CEO Kris Marszalek, who posted a photograph with the president-elect on Twitter with the caption “Honored to have a seat at the table.”12 A spokesperson explained, “We withdrew our action against the SEC given our intent to work with the incoming administration on a regulatory framework for the industry.” Trump and Marszalek reportedly discussed crypto-related political appointments and the prospect of a Bitcoin strategic national stockpile.5Do you think Marszalek asked to take the picture in front of the framed Kim Jong Un photo, or was that just coincidence?</a></label><br><a href="https://media.hachyderm.io/media_attachments/files/113/705/084/006/691/934/original/4259050d6d9b285f.png" rel="external">https://media.hachyderm.io/media_attachments/files/113/705/084/006/691/934/original/4259050d6d9b285f.png</a></li></ol></footer></blockquote>

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Molly White (molly0xfff@hachyderm.io)'s status on Tuesday, 24-Dec-2024 09:59:05 JST Molly White
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Despite the looming administration change, the SEC has still been sending out Wells notices. Crypto.com, however, is so confident the SEC will be hobbled by the new administration that they withdrew a lawsuit against the agency — the same day their CEO met with Trump.
#crypto #cryptocurrency
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