Hodder Law Weekly Newsletter - March 2, 2023
Hello everyone, I hope you are all having a great week! The price of Bitcoin as of Thursday, March 2 at 12:35 a.m. EST is $23,472.
Headlines.
U.S. legislators introduce Bill to block American CBDC. Republican Congressman Tom Emmer from Minnesota is leading the fight against the Federal Reserve and their plans for a CBDC. Several other Representatives including Barry Loudermilk (R-GA) and Andy Biggs (R-AZ) have voiced their support for the “CBDC Anti-Surveillance State Act” introduced by Emmer.
Introducing Ordinal Loops, an homage to Bitcoin history. Ordinals can do a lot for the development of Bitcoin, especially around integrated cultural and artistic projects. While just in the beginning phase of this new technological development, perhaps soon we will have music, videos, or even virtual worlds programmed into the Bitcoin blockchain by aspiring developers and artists.
Global crypto rules to be based on Synthesis Paper, India says after G20 meetings. The paper is due for submission in September during India’s presidency of the global organization of the world’s 20 most developed economies. The announcement came after three days of meetings between member finance ministers and central bank governors of the G20.
SEC’s Coinbase insider trading case is ‘backdoor rulemaking.’ Perianne Boring from The Chamber of Digital Commerce believes if the SEC succeeds in this case it could allow many other digital assets to be labeled as securities.
Sam Bankman-Fried was cosplayed as a genius. The facts reveal incredible stupidity. New indictments against SBF could add another 40 years to what’s already expected to be a lengthy prison sentence. Despite a third of all members of Congress receiving donations from FTX, SBF couldn’t insulate the company and his lobbying efforts were in vain.
Voyager reportedly selling assets through Coinbase. According to the @lookonchain Twitter account, Voyager received $100 million last week. They also reported that Voyager holds about $631 million in crypto while it awaits a potential billion-dollar sale to Binance. However, the SEC may have something to say about that.
Jump Crypto recovered $140 Million stolen crypto from wormhole hack. Jump Crypto which helped develop the Wormhole DeFi project along with Oasis, developers of multi-signature wallet software, teamed up to recover the stolen assets. Oasis stated they returned the funds, and also received help from a whitehat group; it’s likely the help came from Jump Crypto as blockchain data suggests.
Hodder Law Firm Blogs. EU Regulations on Markets in Crypto Assets. The European Union has recently finalized a regulatory plan. Read more on the Hodder Law blog. Bankruptcy Clawbacks, CBDCs, and Operation Choke Point. We dive into the BlockFi Bankruptcy case, Celcius Clawbacks, the Anti CBDC Bill, and the government's renewed Operation Choke Point. Read all about it on the Hodder Law blog.
HODLCast.
BIG BLOCKFI UPDATE ON CUSTOMER WITHDRAWALS MUST WATCH! The most recent HODLCast looks under the hood of the BlockFi bankruptcy.
It's rare to find a strong person with an easy past. We grow through what we go through. - Jim Kwik
Make it a great week! Sincerely, Sasha Hodder Hodder Law sasha@hodder.law www.hodder.law
