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Crypto vs. The World | Jake Chervinsky & Amanda Tuminelli
Apr 11, 2024
Two prominent crypto lawyers, Jake Chervinsky and Amanda Tuminelli, discuss ongoing court cases in the crypto space, including the Coinbase vs. SEC battle, airdrop regulations, and the DeFi Education Fund vs. SEC. They delve into topics like SEC lying, leveraging against corruption, and the impact of elections on the industry.
01:22:15
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Quick takeaways
- Legal precedent set against SEC's misconduct and misrepresentation in court cases.
- Using court rulings as references to highlight SEC's deceptive practices and advocate for fair treatment.
Deep dives
The SEC's Misrepresentation and Court Sanctions Against DebtBox
In a legal case between the SEC and DebtBox, the SEC misrepresented facts in an ex parte motion for a temporary restraining order (TRO) and receiver against DebtBox. The SEC falsely claimed that DebtBox had closed 33 bank accounts prior to the hearing, when in reality, the bank had taken that action independently. Additionally, the SEC mischaracterized statements made by DebtBox's co-founder on a YouTube video, leading to a distorted sense of urgency in the court hearing. The judge ruled against the SEC, issuing sanctions and requiring the SEC to cover DebtBox's legal fees, highlighting a pattern of bad faith and misconduct.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode