AssangeDAO, Chevron Overturned, NBA Top Shot Settlement, Circle’s EMI License, and More
Today’s episode includes the story of AssangeDAO, a collective that raised a staggering 17,422 ETH ($59.5 million) to support Julian Assange’s legal defense, culminating in his release. Kyle and Moish also discuss the NBA Top Shot settlement and the practicalities concerning the distribution of the Justice tokens, and Circle acquiring an EMI license, positioning itself as a compliant global stablecoin issuer under Europe’s new MiCA regulations. They also provide insightful commentary on the Supreme Court’s decision to overturn the Chevron deference and its implications on agency rulemaking, particularly the SEC.
Further deep dives include Logan Paul filing a defamation lawsuit against YouTuber Coffeezilla, a new bill for paying federal income taxes in Bitcoin, and a discussion on the regulatory implications of the recent US CFTC and SEC investigations.
Chapter Markers:
0:00 Welcome to Block & Order
1:36 Binance
6:02 Chevron
10:11 Certik
14:14 AssangeDAO
18:00 NBA TopShot
22:05 Circle
27:02 Lightning Round (Logan Paul/Coffeezilla, Matt Gaetz, FIRS, VanEck, SEC)
Show Notes:
Judge Jackson allowed SEC’s lawsuit against Binance to proceed but reaffirmed that crypto assets are not “securities”: https://x.com/nycryptolawyer/status/1807077853051171158?s=46&t=SQfmdetzSAaJdMyg8P8U6A
In a 6-3 decision the U.S. Supreme Court has overturned the Chevron doctrine: https://www.coindesk.com/policy/2024/06/28/supreme-court-rules-to-overturn-the-chevron-doctrine-curbing-federal-agencies-power/
Kraken alleges extortion by security researchers following the exploitation of a platform bug that led to a $3 million withdrawal https://unchainedcrypto.com/is-certik-extorting-kraken-after-withdrawing-3-million-from-its-treasury/
Julian Assange was released from Belmarsh prison after 5+ years, in part thanks to crypto donations: https://thedefiant.io/news/people/the-crypto-community-effectively-freed-julian-assange-says-assangedao-lawyer
Dapper Labs Agrees to $4M Settlement in Class Action Securities Suit: https://www.coindesk.com/policy/2024/06/04/dapper-labs-agrees-to-4m-settlement-in-class-action-securities-suit/
Circle Snags 1st Stablecoin License Under MiCA: https://www.coindesk.com/business/2024/07/01/stablecoin-issuer-circle-snags-mica-compliant-emi-license-for-europe/.
Logan Paul has filed a defamation lawsuit against YouTuber Coffeezilla: https://decrypt.co/237599/logan-paul-sues-youtuber-coffeezilla-cryptozoo-game
U.S. Rep. Matt Gaetz introduced a bill to allow federal income taxes to be paid in Bitcoin: https://thedefiant.io/news/regulation/republican-congressman-introduces-bill-to-allow-federal-tax-payments-in-bitcoin
FIRS has dropped tax charges against Binance executives Tigran Gambaryan and Nadeem Anjarwalla: https://www.coindesk.com/policy/2024/06/14/nigeria-drops-tax-charges-against-binance-executives-family-spokesperson/
VanEck has filed with the SEC to launch the first Solana ETF in the U.S.: https://www.wsj.com/livecoverage/stock-market-today-dow-sp500-nasdaq-live-06-27-2024/card/cryptocurrency-solana-soars-after-vaneck-files-for-spot-etf
SEC Closes Investigation into Ethereum 2.0: https://www.theblock.co/post/300786/u-s-sec-closes-investigation-in-ethereum-2-0-consensys
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Please note that this show is meant for informational and entertainment purposes only. This is not legal advice. Please hire your own attorney. The hosts or guests appearing on Block and Order may hold cryptocurrency, NFTs, or other digital assets from companies mentioned during our programming. This possession of digital assets does not constitute a professional endorsement, legal advice, or financial advice. Listeners are encouraged to consult with their own legal and financial advisors for personalized guidance in the blockchain and cryptocurrency space.