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Contrasting Views on Galaxy Digital Settlement
Two prominent figures in the crypto space have expressed differing opinions on the recent settlement between Galaxy Digital and the New York Attorney General. Galaxy Digital, led by Michael Novogratz, agreed to pay a $200 million fine to New York for its involvement in promoting the now-defunct Terra (LUNA) token. The NYAG accused Galaxy Digital of purchasing LUNA at a discount and driving up its value, leading to a market crash in May 2022. Anthony Scaramucci criticized the NYAG's actions, calling it 'lawfare,' while Mike Belshe of BitGo supported the NYAG's case against Galaxy Digital. Despite a decline in the crypto market's value, Bitcoin remains dominant. Belshe emphasized the importance of ethical behavior and principle-based regulation in the crypto industry.
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Contrasting Views on Galaxy Digital Settlement
Two prominent figures in the crypto space have expressed differing opinions on the recent settlement between Galaxy Digital and the New York Attorney General. Galaxy Digital, led by Michael Novogratz, agreed to pay a $200 million fine to New York for its involvement in promoting the now-defunct Terra (LUNA) token. The NYAG accused Galaxy Digital of purchasing LUNA at a discount and driving up its value, leading to a market crash in May 2022. Anthony Scaramucci criticized the NYAG's actions, calling it 'lawfare,' while Mike Belshe of BitGo supported the NYAG's case against Galaxy Digital. Despite a decline in the crypto market's value, Bitcoin remains dominant. Belshe emphasized the importance of ethical behavior and principle-based regulation in the crypto industry.
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🔴🔴ALL VIEWER'S PLEASE FOLLOW ME 🔴🔴
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The SEC supported the request of the co-founder of the collapsed Terraform Labs (TFL), Do Kwon, to postpone the trial. Cointelegraph reports this with reference to court documents.
The commission said it was “fully ready, willing and able to proceed” with the trial against TFL and its head, but agreed the start date needed to be changed.
“The SEC joins Kwon's request for a short delay so that he can participate in the trial. If the trial date is postponed, the agency respectfully requests that the trial date be set for April 15, 2024,” the document states.
On January 11, the co-founder of TFL asked the US court to postpone the trial because he wanted to attend it in person, but could not do so due to the delay in extradition.
Despite the SEC's agreement with the postponement, the agency opposed the separation of the Kwon and Terraform Labs case. In February 2023, the Commission brought charges against both parties in the same proceeding.
#SEC #secNews #tfl #tera
The commission said it was “fully ready, willing and able to proceed” with the trial against TFL and its head, but agreed the start date needed to be changed.
“The SEC joins Kwon's request for a short delay so that he can participate in the trial. If the trial date is postponed, the agency respectfully requests that the trial date be set for April 15, 2024,” the document states.
On January 11, the co-founder of TFL asked the US court to postpone the trial because he wanted to attend it in person, but could not do so due to the delay in extradition.
Despite the SEC's agreement with the postponement, the agency opposed the separation of the Kwon and Terraform Labs case. In February 2023, the Commission brought charges against both parties in the same proceeding.
#SEC #secNews #tfl #tera
#tera luna classic 2.0 will sky rocket according to the current market shape and will probably touch the $2 new darget IA
Terra is now trading at $0.4279, down -1.85% over the last 7 days. According to our price projection, the price of LUNA will climb by 48.79% over the next 7 days, reaching $0.6345. The long-term projection for Terra is positive, as our Terra price prediction indicates that the LUNA price will reach $1.14 in one year, representing a 167.25% increase.
#tera
#tera
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