Bitcoin SV

<p><img src="https://media.licdn.com/dms/image/C4D0BAQGBc3KzyqgZpQ/company-logo_100_100/0/1630682957789/bsvblockchain_logo?e&#61;1726704000&amp;v&#61;beta&amp;t&#61;3baDXVbYwGBsah-f4q5u_Es7mdEJd-tqrftm6tYCc90" /></p><h2 id="header-0"><a href="https://www.linkedin.com/company/bsvblockchain/" rel="noopener noreferrer nofollow">BSV Blockchain</a></h2><p>The SEC sent a letter to US District Judge Analisa Torres responding to Ripple Labs’ claims that the agency’s recent settlement with Terraform Labs supports a lower penalty amount, arguing there cannot be a direct comparison, as Terraform Labs is in bankruptcy and has made significant concessions that Ripple has not. Further, the Biden Administration has reached out to Coinbase and Ripple in recent weeks to discuss crypto policy.</p><p>The BSV Blockchain Gazette is presented by Bryan Daugherty, Public Affairs Director of Americas for BSV Blockchain, featuring:</p><ul><li>SEC Commissioner <a href="https://www.linkedin.com/in/mark-uyeda-5227aa5/" rel="noopener noreferrer nofollow">Mark Uyeda</a></li><li><a href="https://www.linkedin.com/company/rippleofficial/" rel="noopener noreferrer nofollow">Ripple</a> Labs</li><li><a href="https://www.linkedin.com/company/terraform-labs/" rel="noopener noreferrer nofollow">Terraform Labs</a></li><li><a href="https://www.linkedin.com/company/supreme-court-of-the-u-s-/" rel="noopener noreferrer nofollow">Supreme Court of the United States</a></li><li><a href="https://www.linkedin.com/company/nvidia/" rel="noopener noreferrer nofollow">Nvidia</a> Corp</li><li><a href="https://www.linkedin.com/company/coinbase/" rel="noopener noreferrer nofollow">Coinbase</a></li><li><a href="https://www.linkedin.com/company/rippleofficial/" rel="noopener noreferrer nofollow">Ripple</a></li><li><a href="https://www.linkedin.com/company/cumberland-drw/" rel="noopener noreferrer nofollow">Cumberland</a> DRW</li><li><a href="https://www.linkedin.com/company/nydfs/" rel="noopener noreferrer nofollow">New York Department of Financial Services</a></li><li><a href="https://www.linkedin.com/company/upholdinc/" rel="noopener noreferrer nofollow">Uphold</a></li></ul><h3 id="us">US</h3><h3 id="sec-commissioner-addresses-tokenization-and-innovation-at-international-institute">SEC Commissioner addresses tokenization and innovation at International Institute</h3><p>SEC Commissioner Mark Uyeda discussed tokenization and innovation during a speech at the SEC’s International Institute for Securities Market Growth and Development.</p><h3 id="sec-counters-ripple-39-s-claims-on-penalty-comparisons-with-terraform-labs">SEC counters Ripple&#39;s claims on penalty comparisons with Terraform Labs</h3><p>The SEC sent a letter to US District Judge Analisa Torres responding to Ripple Labs’ claims that the agency’s recent settlement with Terraform Labs supports a lower penalty amount. The SEC is arguing that there cannot be a direct comparison given Terraform is in bankruptcy and has made significant concessions that Ripple has not.</p><h3 id="supreme-court-to-hear-nvidia-39-s-case-over-crypto-mining-revenue-deception">Supreme Court to hear Nvidia&#39;s Case over crypto mining revenue deception</h3><p>The Supreme Court agreed to hear a case over Nvidia Corp’s crypto mining revenue, in which Nvidia is seeking to stop an investor suit accusing the company of being deceptive about how dependent it was on revenue from crypto mining before a 2018 market downturn.</p><h3 id="biden-administration-engages-coinbase-and-ripple-on-crypto-policy">Biden Administration engages Coinbase and Ripple on crypto policy</h3><p><a href="https://www.nytimes.com/2024/06/17/technology/-crypto-influence-election.html" rel="noopener noreferrer nofollow">According to the New York Times</a>, the Biden Administration has reached out to Coinbase and Ripple in recent weeks, asking to discuss crypto policy.</p><h3 id="cumberland-drw-obtains-bitlicense-for-crypto-operations-in-new-york">Cumberland DRW obtains BitLicense for crypto operations in New York</h3><p>Crypto trading firm and liquidity provider Cumberland DRW announced that it has received a BitLicense from the New York Department of Financial Services, allowing it to operate a crypto business within the state.</p><h3 id="eu-uk">EU/UK</h3><h3 id="uphold-to-delist-several-stablecoins-due-to-mica-regulations">Uphold to delist several stablecoins due to MiCA regulations</h3><p>Crypto exchange Uphold announced that it is delisting several stablecoins on its platform beginning on July 1 due to MiCA regulations.</p>

SEC rebuts Ripple's penalty comparison with Terraform Labs

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