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BREAKING: Crypto Firm Loses Bet, Still Can’t Figure Out Why They Don’t Get to Make Up Their Own Rules

News 2 Linda Williams August 25, 2024

An illustration of a judge's gavel striking down a stack of papers labeled with cryptic symbols, while in the background a clock ticks away and a pair of scales balance out 'Hodl Law' on one side against an empty space marked by question marks. A faint image of a blockchain pattern is visible beneath the scales.

Well, isn’t this just peachy? Another crypto firm gets its hopes dashed by a US appeals court for trying to strong-arm the SEC into clarifying Ether’s classification as a security or not. Because what could possibly go wrong with letting these financial wizards self-regulate their own industry?.

Source: cointelegraph

Crypto law firm loses appeal to force SEC’s hand on Ether classification
https://cointelegraph.com/news/hodl-law-court-loss-challenging-sec-eth-security
A United States appeals court has backed a California federal judge’s decision to throw out a crypto-focused law firm’s pre-emptive lawsuit against the US Securities and Exchange Commission in an attempt to force the regulator to clarify its classification of Ether. Hodl Law’s November 2022 complaint against the regulator in a San Diego district court failed to show “a realistic danger” of it facing SEC enforcement action for breaking securities […]

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About the author

Linda Williams

Linda’s venture into cryptocurrency ended in a gut-wrenching disaster when she lost her private keys due to a ridiculous mishap involving coffee and a particularly reckless cat. With her funds locked away forever, Linda now pours her frustration into writing biting critiques of crypto’s absurdities, dripping with sarcasm. Her tagline? “I lost my private keys and my sanity. Crypto promised freedom, but all it gave me was a lifetime of regret.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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