Bitcoin SV

<p><img src="https://media.licdn.com/dms/image/C4D0BAQGBc3KzyqgZpQ/company-logo_100_100/0/1630682957285/bsvblockchain_logo?e&#61;1706745600&amp;v&#61;beta&amp;t&#61;5eWAa02yAi_tHB3f1piwzawL620liPTY6-NoR4R8vLk" /></p><h2 id="header-0"><a href="https://www.linkedin.com/company/bsvblockchain/" rel="noopener noreferrer nofollow">BSV Blockchain</a></h2><p>November 1, 2023</p><p></p><p>Rep. Brad Sherman criticized Binance, Tether, and FTX in a tweet, characterizing the crypto industry as a &#34;garden of snakes.&#34; Meanwhile, SEC Commissioner Hester Pierce expressed discomfort with the SEC&#39;s strong stance in the lawsuit against LBRY and clarified she did not support bringing the case. Furthermore, Federal Reserve Vice Chair Michael Barr hinted at the potential for a US CBDC but emphasized that any decision would require authorization from Congress.</p><p>The BSV Blockchain Gazette is presented by Bryan Daugherty, Global Policy Director for the BSV Blockchain Association, featuring:</p><ul><li>Rep. Brad Sherman</li><li><a href="https://www.linkedin.com/company/binance/" rel="noopener noreferrer nofollow">Binance</a></li><li><a href="https://www.linkedin.com/company/ftx/" rel="noopener noreferrer nofollow">FTX</a></li><li>SEC Commissioner <a href="https://www.bsvblockchain.org/government" rel="noopener noreferrer nofollow">Hester Pierce</a></li><li><a href="https://www.linkedin.com/company/lbry/" rel="noopener noreferrer nofollow">LBRY</a></li><li>Federal Reserve Vice Chair Michael Barr</li><li><a href="https://www.linkedin.com/company/vaneck/" rel="noopener noreferrer nofollow">VanEck</a></li><li>Gemini Trust Co.</li><li>Genesis Global Holdco</li><li>US District Judge T. Kent Wetherell II</li><li><a href="https://www.linkedin.com/company/us-treasury/" rel="noopener noreferrer nofollow">US Treasury Department</a></li><li>US Bankruptcy Judge Martin Glenn</li><li>Celsius Network</li><li>US Bankruptcy Judge Brendan L. Shannon</li><li><a href="https://www.linkedin.com/company/bittrex/" rel="noopener noreferrer nofollow">Bittrex</a></li><li><a href="https://www.linkedin.com/company/valkyrieinvestments/" rel="noopener noreferrer nofollow">Valkyrie</a></li></ul><h3 id="rep-brad-sherman-tweets-calls-crypto-industry-a-39-garden-of-snakes-39-while-targeting-binance-tether-and-ftx">Rep. Brad Sherman Tweets: Calls Crypto Industry a &#39;Garden of Snakes&#39; While Targeting Binance, Tether, and FTX</h3><p>Rep. Brad Sherman (D-CA) tweeted about Binance, Tether, and FTX, and called the crypto industry a “garden of snakes.”</p><h3 id="sec-commissioner-hester-pierce-expresses-discomfort-over-sec-39-s-lbry-lawsuit-enforcement">SEC Commissioner Hester Pierce Expresses Discomfort Over SEC&#39;s LBRY Lawsuit Enforcement</h3><p>SEC Commissioner Hester Pierce released a statement on the SEC’s enforcement actions against LBRY, stating that she was “unsettled” by the “hardline” stance the agency took in its lawsuit against LBRY, and noting that she did not support bringing the case.</p><h3 id="federal-reserve-vice-chair-michael-barr-hints-at-us-cbdc-awaits-congressional-authorization">Federal Reserve Vice Chair Michael Barr Hints at US CBDC, Awaits Congressional Authorization</h3><p>Federal Reserve Vice Chair for Supervision Michael Barr said at an event that the Fed is still weighing a US CBDC, and is in talks with stakeholders. However, Barr stated that the Fed has made no decision about issuing a CBDC, and would only proceed with authorization from Congress.</p><h3 id="vaneck-files-amended-application-for-spot-btc-etf-with-sec">VanEck Files Amended Application for Spot BTC ETF with SEC</h3><p>VanEck filed an amended spot BTC ETF application with the SEC.</p><h3 id="gemini-trust-co-takes-legal-action-sues-genesis-global-holdco-over-1-6-billion-in-collateral">Gemini Trust Co. Takes Legal Action: Sues Genesis Global Holdco Over $1.6 Billion in Collateral</h3><p>Gemini Trust Co. is suing Genesis Global Holdco, claiming that Genesis is blocking Gemini from distributing $1.6 billion in collateral to Gemini customers.</p><h3 id="judge-upholds-treasury-sanctions-on-tornado-cash-rejects-coin-center-challenge">Judge Upholds Treasury Sanctions on Tornado Cash, Rejects Coin Center Challenge</h3><p>US District Judge T. Kent Wetherell II upheld the Treasury Department’s decision to sanction crypto mixer Tornado Cash, striking down a challenge from crypto advocacy group Coin Center.</p><h3 id="celsius-network-awaits-sec-decision-on-chapter-11-plan-judge-urges-speed">Celsius Network Awaits SEC Decision on Chapter 11 Plan, Judge Urges Speed</h3><p>US Bankruptcy Judge Martin Glenn heard final arguments from Celsius Network on its Chapter 11 reorganization plan, and urged the SEC to move quickly in deciding if it will authorize Celsius’ plan.</p><h3 id="bittrex-chapter-11-plan-approved-unsecured-creditors-to-be-paid-in-full">Bittrex Chapter 11 Plan Approved, Unsecured Creditors to be Paid in Full</h3><p>US Bankruptcy Judge Brendan L. Shannon approved the Chapter 11 restructuring plan for Bittrex, which expects to have enough money in its estate to pay unsecured creditors in full.</p><h3 id="valkyrie-files-amended-spot-btc-etf-application-with-sec">Valkyrie Files Amended Spot BTC ETF Application with SEC</h3><p>Valkyrie filed an amended spot BTC ETF application with the SEC.</p>

Congressman Labels Crypto Industry 'Garden of Snakes'

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