OpenAI For-Profit, IMF El Salvador, FBI Investigations, Crypto.com, Ripple Ruling, and More

Oct 22, 2024

 

In this episode of “Block and Order,” hosts Kyle Lawrence and Moish Peltz delve into El Salvador’s experiment of adopting Bitcoin as a legal tender and the ongoing legal battles involving the SEC and cryptocurrency companies. They also touch upon the controversial tactics used by regulatory bodies like the FBI in investigating crypto crimes and speculate on the future of cryptocurrency regulation amid shifting U.S. political landscapes.

Tune in for the latest news in blockchain, web3, and crypto!

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Chapter Markers:

0:00 Welcome to Block and Order

2:31 Lido

6:06 OpenAI

10:00 Geofencing

15:10 Ripple Ruling

20:35 IMF El Salvador

24:50 Crypto.com

28:48 FBI

33:14 Lightning Round (Punk Ape $25k, Circle Moving to NYC, AssangeDAO, Hamster Kombat, Bhutan’s Bitcoin Holdings, Diddy/SBF)

Show Notes:

Community-Run Crypto Project Tests Legal Standing by Forming LLC:
https://news.bloomberglaw.com/securities-law/community-run-crypto-project-tests-legal-standing-by-forming-llc?source=newsletter&item=body-link&region=text-section

OpenAI to Become For-Profit Company:
https://www.wsj.com/tech/ai/openai-chief-technology-officer-resigns-7a8b4639?st=wGPEys&reflink=desktopwebshare_permalink

A Practical Guide to Geofencing:
https://variant.fund/articles/practical-guide-to-geofencing/

SEC appeals Ripple case ruling, citing conflict with Supreme Court precedent:
https://www.theblock.co/post/319246/sec-appeals-ripple-case-ruling-citing-conflict-with-supreme-court-precedent?utm_campaign=website&utm_medium=referral&utm_source=newsletter

IMF urges El Salvador to limit scope of bitcoin law in ongoing talks:
https://www.theblock.co/post/319495/imf-urges-el-salvador-to-limit-scope-of-bitcoin-law-in-ongoing-talks?utm_campaign=website&utm_medium=referral&utm_source=newsletter

Crypto.com sues SEC after receiving a Wells notice from the agency:
https://www.theblock.co/post/320052/crypto-com-sues-sec-after-receiving-a-wells-notice-from-the-agency?utm_campaign=website&utm_medium=referral&utm_source=newsletter

Prosecutors Charge Four Crypto ‘Market Makers,’ Employees With Market Manipulation, Fraud:
https://www.coindesk.com/policy/2024/10/09/prosecutors-charge-two-crypto-market-makers-employees-with-market-manipulation-fraud/

Lightning Round:
Punk Ape sold for $25k:
https://x.com/degeneratenews/status/1833963584042246210?s=46&t=SQfmdetzSAaJdMyg8P8U6A

Stablecoin Giant Circle Is Moving Its Headquarters to New York City:
https://www.coindesk.com/business/2024/09/12/stablecoin-giant-circle-is-moving-its-headquarters-to-new-york-city/?_gl=1*1tm3eqp*_up*MQ..*_ga*MzE3NTE0NTk2LjE3MjYxNzE3MDk.*_ga_VM3STRYVN8*MTcyNjE3MTcwOC4xLjAuMTcyNjE3MTcwOC4wLjAuNDUwNjY4NzE1

AssangeDAO accused of rug pull after transferring treasury to German foundation:
https://www.web3isgoinggreat.com/single/assangedao-accused-of-rugpull

Hamster Kombat Faces Backlash For Excluding 57% Of Users From Airdrop:
https://thedefiant.io/news/tokens/hamster-kombat-faces-backlash-for-excluding-57-of-users-from-airdrop

Bhutan’s Bitcoin Holdings Revealed: Kingdom Owns $780M in BTC from Mining:
https://bitcoinmagazine.com/markets/bhutans-bitcoin-holdings-revealed-kingdom-owns-780m-in-btc-from-mining

Diddy and crypto fraudster SBF are sharing a dorm-style room in a Brooklyn jail:
https://finance.yahoo.com/news/diddy-crypto-fraudster-sbf-sharing-171241971.html

 

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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.