Mark HelfmanSEC Retreats From Ripple But Gensler’s Right About Crypto
Yesterday, the US Securities and Exchange Commission (SEC) dropped two more charges against Ripple for selling its XRP crypto the wrong way. The score stands at Ripple 3, SEC 0. Ripple isn’t the first crypto business to defeat the regulators. SEC Chairman Gary Gensler seems to lose, like, half of the crypto cases that go to trial. That’s an abysmal record for a US government agency, but I can’t object to Gary’s interpretation of US securities law. Legally speaking, he’s right. Under US law, s...
Mark HelfmanCrypto Is Up. Is the Bottom in?
The crypto market’s up 60% this year but few seem to care—and for a good reason. The US seems destined to enter a recession at any moment. A too-big-to-fail bank, Credit Suisse, is on life support. China's economy can’t function without stimulus and government intervention. Most western economies continue to raise interest rates, squeezing capital from “risk-on” assets like cryptocurrency. Despite that, the crypto market is still behaving exactly as it has at every major market bottom. R...
Mark HelfmanBitcoin’s Role in the Biggest Pump-and-Dump in Human History
On the heels of FTX’s demise, in advance of the potential collapse of USDT Tether, amidst the tightest monetary environment in a generation, staring at a looming global recession, we brace ourselves for the end of the biggest pump-and-dump in history, a rug-pull of epic proportions. Did you think I was talking about bitcoin? No. I’ll get to that later. In the first two decades of the 21st Century, the world’s central banks pumped outrageous amounts of money into the financial markets. Look at...
I publish the Crypto is Easy newsletter and wrote several books about cryptocurrency.
Mark HelfmanSEC Retreats From Ripple But Gensler’s Right About Crypto
Yesterday, the US Securities and Exchange Commission (SEC) dropped two more charges against Ripple for selling its XRP crypto the wrong way. The score stands at Ripple 3, SEC 0. Ripple isn’t the first crypto business to defeat the regulators. SEC Chairman Gary Gensler seems to lose, like, half of the crypto cases that go to trial. That’s an abysmal record for a US government agency, but I can’t object to Gary’s interpretation of US securities law. Legally speaking, he’s right. Under US law, s...
Mark HelfmanCrypto Is Up. Is the Bottom in?
The crypto market’s up 60% this year but few seem to care—and for a good reason. The US seems destined to enter a recession at any moment. A too-big-to-fail bank, Credit Suisse, is on life support. China's economy can’t function without stimulus and government intervention. Most western economies continue to raise interest rates, squeezing capital from “risk-on” assets like cryptocurrency. Despite that, the crypto market is still behaving exactly as it has at every major market bottom. R...
Mark HelfmanBitcoin’s Role in the Biggest Pump-and-Dump in Human History
On the heels of FTX’s demise, in advance of the potential collapse of USDT Tether, amidst the tightest monetary environment in a generation, staring at a looming global recession, we brace ourselves for the end of the biggest pump-and-dump in history, a rug-pull of epic proportions. Did you think I was talking about bitcoin? No. I’ll get to that later. In the first two decades of the 21st Century, the world’s central banks pumped outrageous amounts of money into the financial markets. Look at...
I publish the Crypto is Easy newsletter and wrote several books about cryptocurrency.
Subscribe to Mark Helfman
Subscribe to Mark Helfman
Share Dialog
Share Dialog
<100 subscribers
<100 subscribers
My first Mirror post. It’s three sentences and a header. Consider this a down payment on future content.
My first Mirror post. It’s three sentences and a header. Consider this a down payment on future content.
No activity yet