Bitcoin Law Review - Senate Hearings, ICO ruled security And TokenPay's Legal Threat

13,131 Views · Posted 6 years ago

@ToneVays https://twitter.com/ToneVays Website: https://ToneVays.com
Bitcoin: 3CRC2BHjgizPpKm4tH3BKf9dJcuf9HNtTt

Topics:
Topic 1: The two senate hearings:
Financial Services Committee - “The Future of Money: Digital Currency”
https://youtu.be/Dh_JskUngik?t=15m53s
Agriculture Committee - Cryptocurrencies: Oversight of new Assets in the Digital Age:
https://youtu.be/_O9s4fuzvbQ?t=16m10s
Bitcoin was also mentioned during “Monetary Policy and the State of the Economy” with Fed Chair Powell:
https://youtu.be/n8_Y71xOUK0?t=1h20m30s
As part of the discussion we can bring up the CFTC Statement: https://www.cftc.gov/sites/default/files/2018-07/customeradvisory_tokens0718.pdf

Topic 2: Will mention Coinbase getting the green light to trade ICO's deemed security:
https://www.bloomberg.com/news/articles/2018-07-16/coinbase-says-it-has-green-light-to-list-coins-deemed-securities
but just as a transition to an ICO being deemed a security by a florida judge:
https://www.dlapiper.com/en/us/insights/publications/2018/07/first-judicial-finding-that-digital-tokens-are-securities/
However we will focus on the article written by Sasha:
https://medium.com/@sashahodler/got-the-suitcase-up-in-the-centra-part-ii-bcd2a7a35251

Topic 3: Speaking of ICO's being security, i want to discuss TokenPay (TPAY) and their threat to sue me. It all started by me being critical of of them buying 10% of a German Bank (with the ICO proceeds of course & investment from other crypto like Verge) with Lightcoin Foundation as their Advisers. This led me to send out the following tweet storm after I got bombarded with hate comments from everyone to do my research... so I did.
https://twitter.com/ToneVays/status/1017917017532362754
I had no idea it would cause such a major affect on their company... within 24 hours their COO either quit or was fired the next day cause I exposed him as a liar & fraud:
https://twitter.com/ToneVays/status/1017918277127954434
And I dominated their google search for days:
https://twitter.com/ToneVays/status/1018474811469811717
I have 3 screen shots of the company threatening legal action against me. I really want to know how people like me and other journalists/bloggers/researchers should deal with this. We might also take a look at their coin since I've done the research to see if it's a security based on Topic 2.

Topic 4: - If there is time:
Definition of an Accredited investor and why this exists:
https://twitter.com/propelforward/status/1019237946329829378

See Regulation overview in each state here:
https://www.carltonfields.com/state-regulations-on-virtual-currency-and-blockchain-technologies/

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