top of page

Hodder Law Weekly Newsletter - January 12, 2023



Hello everyone, I hope you are all having a great week! The price of Bitcoin as of Thursday, January 12 at 5:40 p.m. EST is $18,843.

 

Headlines.


Senators demand FTX's bank, Silvergate, release records on improper transfers. Senator Warren is on the warpath again, this time, she’s got Silvergate in her sights. It’s alleged that Silvergate bank played a vital role in providing depository services between Alameda and FTX. There’s recently been an $8 billion run on crypto deposits at Silvergate.

 

For the U.S., Bitcoin is a national security opportunity, not a threat. Adversarial nations are pursuing alternative options to the U.S. dollar. As the dollar continually loses its value through inflation, Bitcoin provides much-needed economic stability. The U.S. should aggressively pursue Bitcoin as part of its National Security Strategy.

 

Block manager sees self-custody as the future of crypto post-FTX. The payment company that developed Square aims to deliver a ‘three key’ self-custody crypto wallet later this year. Led by Jack Dorsey, Block could be the company that popularizes a long-awaited ease-of-use solution to the bitcoin self custody challenge.

 

Who are Sam Bankman-Fried's politically connected 'wealthy co-conspirators'? SBF’s indictment on Dec. 13 alleged that campaign finance law was criminally violated through the use of straw donors. The media will be drooling in anticipation of prosecutor Williams' decision to release the names of those highly connected individuals.

 

Several FTX films and TV series are in production. For all the devastation FTX caused over the last few months, public interest in crypto has never been higher. Several documentaries, docu-dramas, and feature-length films are in the works showcasing FTX’s spectacular implosion. Hopefully, the public will come away interested in Bitcoin and self-sovereignty.

 

Barry Silbert's DCG investigated by DOJ & SEC. Transfers between Digital Currency Group and their subsidiary Genesis have drawn the DOJ's and the SEC's attention. So far, no accusations of wrongdoing have been made as the government agencies are in the early stage of their inquiry. DCG maintains that the organization has a strong culture of integrity and of conducting business lawfully.

 

Federal prosecutors subpoena hedge funds over Binance. While the subpoenas don’t mean that Binance will necessarily face charges from the authorities, they have been in the crosshairs of regulators for months. Binance has seen $12 billion in redemptions over the last 60 days.

 

HODLCast


Check out the latest HODLCast, it features 2023 crypto predictions from Layah Heilpern, Bitboy, Tone Vays, and several other experts. You can subscribe to the HODLCast YouTube channel and make sure you don't miss all the latest crypto content. You can also read the 2023 PredictionCast on the Hodder Law website here.


 

"The world ultimately will have a single currency; the internet will have a single currency. I believe that it will be Bitcoin." - Jack Dorsey

 

Make it a great week! Sincerely, Sasha Hodder Hodder Law sasha@hodder.law www.hodder.law






1 view0 comments

Recent Posts

See All
bottom of page