Bitcoin SV

<p><img src="https://media.licdn.com/dms/image/C4D0BAQGBc3KzyqgZpQ/company-logo_100_100/0/1630682957285?e=2147483647&amp;v=beta&amp;t=G7_WVjeKdgT8uQITwWd8s6sdFpPebFFZbrUcwWe1akA"></p><h3 id="bsv-blockchain">BSV Blockchain</h3><h4>The Blockchain for Enterprise &amp; Government Projects</h4><p>Published Sep 11, 2023</p><p>CFTC Commissioner Caroline Pham proposes a pilot program to test temporary crypto regulations, aiming to establish a permanent framework amidst stalled digital market proposals, while the SEC settles charges against Linus Financial for failing to register its retail crypto lending product, Linus Interest Accounts. In a related development, a $1.7 billion settlement was approved in a CFTC case against Mirror Trading International Pay Ltd. for alleged fraudulent Bitcoin investments.</p><p>The BSV Blockchain Gazette is presented by Bryan Daugherty, Global Policy Director for the BSV Blockchain Association, featuring:</p><ul><li>CFTC Commissioner <a href="https://www.linkedin.com/in/carolinedpham/" rel="noopener noreferrer nofollow">Caroline Pham</a></li><li><a href="https://www.linkedin.com/company/secgov/" rel="noopener noreferrer nofollow">SEC</a></li><li>US District Judge David Alan Ezra</li><li>CFTC Commissioner Summer K. Mersinger</li><li>US District Judge Fred W. Slaughter</li><li>Senator Bill Hagerty (R-TN)</li><li><a href="https://www.linkedin.com/company/lbry/" rel="noopener noreferrer nofollow">LBRY</a> Inc.</li><li>Lazarus Group</li></ul><h3 id="cftc-commissioner-calls-for-pilot-program-to-develop-permanent-crypto-regulations-amidst-proposal-stalemate">CFTC Commissioner Calls for Pilot Program to Develop Permanent Crypto Regulations Amidst Proposal Stalemate</h3><p>CFTC Commissioner Caroline Pham called for her agency to undertake a program that would test out temporary rules for digital asset businesses on a pilot basis, with the goal of building a permanent regulatory framework. The tentative regulations would cover crypto firm registration, risk management, and disclosure requirements. Pham’s call for a pilot comes amidst the stall of recent digital market related proposals that seem unlikely to advance any further.</p><h3 id="sec-settles-charges-against-linus-financial-for-unregistered-crypto-lending-product">SEC Settles Charges Against Linus Financial for Unregistered Crypto Lending Product</h3><p>The SEC announced that it has settled charges against Linus Financial, Inc. for failing to register the offers and sales of its retail crypto lending product, the Linus Interest Accounts.</p><h3 id="1-7-billion-settlement-approved-in-cftc-case-against-mirror-trading-international-pay-ltd">$1.7 Billion Settlement Approved in CFTC Case Against Mirror Trading International Pay Ltd.</h3><p>US District Judge David Alan Ezra signed off on a $1.7 billion deal between the CFTC and Mirror Trading International Pay. Ltd. over the company’s alleged operation of a multilevel marketing scheme to sell fraudulent investments in BTC throughout the US.</p><h3 id="cftc-takes-action-against-opyn-zeroex-and-deridex-for-illegal-digital-asset-derivatives-trading">CFTC Takes Action Against Opyn, Zeroex, and Deridex for Illegal Digital Asset Derivatives Trading</h3><p>The CFTC issued orders filing and settling charges against Opyn, Inc., Zeroex, Inc., and Deridex Inc., for offering illegal digital asset derivatives trading. CFTC Commissioner Summer K. Mersinger dissented to the enforcement actions.</p><h3 id="former-online-educational-company-owner-settles-26-5-million-crypto-pyramid-scheme-case-with-sec">Former Online Educational Company Owner Settles $26.5 Million Crypto Pyramid Scheme Case with SEC</h3><p>US District Judge Fred W. Slaughter approved a settlement between the SEC and Daniel Pacheco, the former owner of a defunct online educational company, over allegations that he ran a $26.5 million pyramid scheme and distributed unregistered cryptocurrency.</p><h3 id="senator-highlights-regulatory-uncertainty-driving-crypto-companies-overseas-calls-for-legislation">Senator Highlights Regulatory Uncertainty Driving Crypto Companies Overseas, Calls for Legislation</h3><p>At a Cato Institute event on crypto, Sen. Bill Hagerty (R-TN) argued that the lack of regulatory clarity in the US is driving crypto companies outside the country. He also highlighted the need for comprehensive cryptocurrency legislation in the US.</p><h3 id="lbry-inc-appeals-sec-ruling-on-unregistered-securities-case">LBRY Inc. Appeals SEC Ruling on Unregistered Securities Case</h3><p>Crypto-based media project LBRY Inc. filed an appeal to the US Court of Appeals for the First Circuit, seeking to challenge a New Hampshire federal judge’s ruling that sided with the SEC when it found that LBRY sold unregistered securities.</p><h3 id="fbi-attributes-41-million-crypto-theft-to-lazarus-group">FBI Attributes $41 Million Crypto Theft to Lazarus Group</h3><p>The FBI issued a release attributing the theft of $41 million in virtual currency from Stake.com to the Lazarus Group.</p><h3 id="new-ebook-the-next-era-in-miner-economics-embracing-coopetition-and-infrastructure">New eBook: 'The Next Era in Miner Economics: Embracing Coopetition and Infrastructure'</h3><p><br><img src="https://media.licdn.com/dms/image/D4D12AQHDXE5QAiyQzQ/article-inline_image-shrink_1000_1488/0/1694423633521?e=1700092800&amp;v=beta&amp;t=iwPw3j7Nvv90VNfOUiXfgnXXdDGCCohNCtlC7XTHdms"><br><br>Download your eBook here: <a href="https://resources.bsvblockchain.org/the-next-era-in-miner-economics-embracing-coopetition-and-infrastructure" rel="noopener noreferrer nofollow">https://resources.bsvblockchain.org/the-next-era-in-miner-economics-embracing-coopetition-and-infrastructure</a></p><p>Discover the future of miner economics with our new eBook, '<a href="https://resources.bsvblockchain.org/the-next-era-in-miner-economics-embracing-coopetition-and-infrastructure" rel="noopener noreferrer nofollow">The Next Era in Miner Economics: Embracing Coopetition and Infrastructure.</a>' Co-authored by experts Greg Ward and Kurt Wuckert Jr., this comprehensive guide delves deep into the world of miners, shedding light on their pivotal role in advancing blockchain technology. Uncover the evolution of miner incentives, demystify transaction fees and blockchain utility, and gain insights into the ever-changing landscape of miner economics. As the blockchain mining market explodes, with North America projected to be worth $7 billion by 2032, this eBook will make you an authority on the subject.</p><p><a href="https://resources.bsvblockchain.org/the-next-era-in-miner-economics-embracing-coopetition-and-infrastructure" rel="noopener noreferrer nofollow">Download your copy now and stay ahead of the curve.&nbsp;</a></p>

Commissioner Pham's Crypto Regulation Pilot Program and $1.7B Settlement

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