Cryptocurrency – The Musings of the Big Red Car

US Securities and Exchange Commission Chairpersonman Gary Gensler

Big Red Car — Thu, 08 Jun 2023 17:31:54 +0000

The US Securities and Exchange Commission filed suit against Binance and Coinbase in separate actions this week. There has been a tendency to personalize these actions as being the work of Chairpersonman Gary Gensler. In the context of “knowing one’s adversaries” — who is this guy? Gary Gensler, 65, is a well-educated man Gensler walked […]

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Big Red Car US Securities and Exchange Commission Chairpersonman Gary Gensler The Musings of the Big Red Car %%BLODDESCLINK%%

FTX – Tom Brady Is In – ARE YOU?

Big Red Car — Wed, 16 Nov 2022 16:59:53 +0000

There is little to be added to the colossal shit storm that is FTX. Thousands of people lost millions of dollars directly (Sequoia $213MM) or indirectly (Ontario Teachers’ Pension Plan $95MM). Wow, that is a lot of teacher pension money. The enablers are coming out of the woodwork to ensure that everybody knows this is […]

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Big Red Car FTX – Tom Brady Is In – ARE YOU? The Musings of the Big Red Car %%BLODDESCLINK%%

Crypto Goes To War

Big Red Car — Thu, 03 Mar 2022 14:25:49 +0000

The brutal, savage, unprovoked invasion of peaceful Ukraine by the barbaric, uncivilized Russians has given rise to a laboratory experiment in the role of crypto currency in contentious times. Crypto has gone to war. 1. The Ukes are using crypto to fund their defense. 2. The Russians are using crypto to avoid the sting of […]

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The Texas Cryptocurrency Love Affair Blossoms

Big Red Car — Fri, 18 Jun 2021 14:20:03 +0000

The Governor of Texas, Greg Abbott, a truly great governor, has signed into law something called the Virtual Currency Bill which began life as House Bill 4474 as sponsored by Representative Tan Parker a huge supporter and proponent of blockchain technology and cryptocurrency. The bill was considered by the Texas House of Representatives’ Pensions, Investments, […]

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Big Red Car The Texas Cryptocurrency Love Affair Blossoms The Musings of the Big Red Car %%BLODDESCLINK%%

Chinese Digital Yuan v Digital Renmibi

Big Red Car — Tue, 20 Apr 2021 18:35:45 +0000

China recently announced the creation of a digital currency to which the world and the crypto world reacted with a number of different reactions. Let’s discuss some of the finer points here, shall we? BTW, did you know that China invented paper money? All money used to be gold, silver before the invention of paper […]

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Big Red Car Chinese Digital Yuan v Digital Renmibi The Musings of the Big Red Car %%BLODDESCLINK%%

Bitcoin $30,000, Inviting Increased Regulation?

Big Red Car — Mon, 28 Dec 2020 19:00:57 +0000

BBBBBBBBBitcoin has been on a run recently with its quoted price as high as $28,288.84 on 27 December 2020. The total value of all BTC is now flirting with half a trillion USD. Huge consideration — there will only ever be 21,000,000 BTC. Constrained supply in the face of increasing demand? What does that suggest […]

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Kik Gets Poured Out v SEC

Big Red Car — Tue, 13 Oct 2020 18:05:40 +0000

Two weeks ago, Judge Alvin Hellerstein, Federal District Judge of the Southern District of New York, ruled that Kik’s $100,000,000 token distribution event was an illegal issuance of a security — an unregistered securities offering — based upon his analysis of the Howey Test. It is important to note that Judge Hellerstein’s ruling was on […]

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Facebank And Libra II

Big Red Car — Tue, 21 Apr 2020 18:17:34 +0000

While we were all distracted by the life and death of COVID19, our friends at Facebank have made a few changes in their quest to make Libra a viral offering in the crypto world. You will recall that we spoke of Facebank’s Libra offering here: Facebank And Libra Cracks In The Libra Foundation Libra Foundation […]

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The US Securities and Exchange Commission Never Sleeps — Crypto

Big Red Car — Thu, 17 Oct 2019 15:25:25 +0000

The crypto industry had called for clarity from the US Securities and Exchange Commission for years. Let’s be clear. What the crypto industry wants is for the US SEC to roll over and play dead and stop with its pesky rules, interpretations, and “hopelessly outdated Howey Test” nonsense. It is reported that the men in […]

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Big Red Car The US Securities and Exchange Commission Never Sleeps — Crypto The Musings of the Big Red Car %%BLODDESCLINK%%

Crypto — We’re From The IRS And We’re Here To Help

Big Red Car — Tue, 15 Oct 2019 13:37:50 +0000

Just when you thought the government of the United States of America had forgotten about you, the Internal Revenue Service sends you a love letter telling you how the cow shall consume the cabbage as it relates to taxes on the use of cryptocurrency. They had previously opined on the subject last back in 2014 […]

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Big Red Car Crypto — We’re From The IRS And We’re Here To Help The Musings of the Big Red Car %%BLODDESCLINK%%