crypto – 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%%

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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Big Red Car Kik Gets Poured Out v SEC The Musings of the Big Red Car %%BLODDESCLINK%%

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wants is for the US SEC to roll over and play dead and stop with its pesky rules, interpretations, and “hopelessly outdated Howey Test” nonsense.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%%

Cracks in the Libra Foundation

Big Red Car — Mon, 07 Oct 2019 18:26:52 +0000

Some time ago, we spoke about Facebook’s Libra cryptocurrency. We spoke of it here: Facebook and Libra Recently, we learned that PayPal has abandoned ship as one of the 28 founding Libra Association members. Sort of caught folks by surprise. They didn’t give a reason, but mumbled along the lines of this: Uhhh, ummm, we […]

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Big Red Car Cracks in the Libra Foundation The Musings of the Big Red Car %%BLODDESCLINK%%

The Confusing State of Crypto in China

Big Red Car — Sun, 06 Oct 2019 16:44:04 +0000

There is a huge amount of confusion as to the status of cryptocurrency regulation in China. The other day I read a commentary that suggested that all was rosy in China, when I was of the opinion that it was not. Read this and you can judge for yourself. This is not intended as a […]

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Big Red Car The Confusing State of Crypto in China The Musings of the Big Red Car %%BLODDESCLINK%%

Walmart Cryptocurrency, The Walmart Coin

Big Red Car — Mon, 19 Aug 2019 14:36:03 +0000

A couple of weeks ago, Walmart announced that it had applied for a cryptocurrency patent thereby spawning speculation that Walmart Coin was being plotted. It wasn’t Facebook with a crowd of the crypto Illuminati floating the idea of its Libra coin to be overseen by gnomes in Geneva. It didn’t attract a lot of fanfare, […]

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The Trump Bump — Cryotocurrency

Big Red Car — Fri, 12 Jul 2019 17:00:08 +0000

President Trump had some choice words to share in regard to cryptocurrency and the Libra (Facebook) cryptocurrency in particular. They were not flattering. The President is “…not a fan…” and suggests that cryptocurrency will “…facilitate unlawful behavior, including drug trade and other illegal activity.” His full quote was: “I am not a fan of bitcoin […]

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Criminalizing Crypto in India

Big Red Car — Sat, 08 Jun 2019 18:54:03 +0000

Big Red Car here getting ready for a trip to Sam’s. So, I’m reading a few things and stumble on an interesting article about India and its attitude toward crypto. This is interesting for a number of reasons, not the least of which is that twenty percent of the world’s population lives in India. Here […]

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Big Red Car Criminalizing Crypto in India The Musings of the Big Red Car %%BLODDESCLINK%%