The SEC and those who support its approach are likely concerned that this no-good, very bad day becomes no-good, very bad days. A string of court losses with similar legal reasoning as yesterday’s ruling in the Ripple case would weaken anti-crypto Democrats’ negotiating hand further. One takes this risk when placing all their betting chips on a novel legal strategy. When you lose, you lose significantly, and the other side of the debate understands that your negotiating leverage worsens by the day.
BTC-e Operator Alexander Vinnik Pleads Guilty to Money Laundering Conspiracy Charge
In a statement, Deputy Attorney General Lisa Monaco said, "Today’s result shows how the Justice Department, working with international partners,...