Figment

That’s a wrap from Singapore! 🇸🇬 Artiona Bogo moderated the Deep Dive Into Bitcoin Liquid Staking Protocols panel at the Staking Rewards Bitcoin Staking Forum, along with AcreBTC, Solv Protocol, Lorenzo Protocol, and Hana Network. 🔶 Figment hosted V3 of the Digital Asset Sidebar, featuring the industry’s brightest minds from DBS Bank, Animoca Capital, The Spartan Group, RW3 Ventures, GSR, Talos, and SkyBridge Capital. 🎙️ A special thank you to our speakers and guests for contributing to the tremendous success of our Digital Asset Sidebar. Events like these highlight the promising future of blockchain technology and provide invaluable insights on the importance of staking infrastructure. Stay tuned for an exclusive recap of the week! #TOKEN2049

Yesterday, the SEC once again cracked its crypto whip when it filed a lawsuit against Cumberland. Let's examine the lawsuit against Cumberland and its significance to the industry. 👇 🏛️ The SEC's Allegations: → Cumberland violated Exchange Act 15(a) by failing to register as a broker-dealer. → Focuses on five digital assets – four of which are central to Crypto.com's recent lawsuit against the SEC. ⚠️ Note: The SEC has dropped "crypto asset security" in favor of "crypto assets offered and sold as securities." 🗣️ The SEC's Complaint → Rehashes its typical allegations about how the token issuers/promoters of each token offered and sold the token originally as an investment contract. → Adds a handful of allegations purporting to show how Cumberland made statements to counterparties about each of the tokens that “reinforced investors’ reasonable expectation of profits.” Most allegations focus on Cumberland's general discussion of historical price and liquidity rather than promises of future profits. ⚠️ Note: These additional allegations are, of course, designed to deal with the problem they ran into in the Binance case, where the judge dinged the SEC for not alleging the facts around how the tokens were offered on that platform. 📜 The Unwritten Rule This complaint is further evidence of the SEC's unwritten rule: → Almost all digital assets - aside from ETH and BTC – can never be sold outside of an investment contract ⚠️ Note: Cumberland's response to the lawsuit (see below) reveals that the SEC told them to use their B-D license only for BTC and ETH trading – This further confirms that the SEC has an unwritten rule that everything else is a security. 🌐 SEC Overreach is Becoming More Flagrant As the SEC expands outward by attempting to apply its “unwritten rule” to more types of market participants, the ridiculousness of its position becomes even more evident: → Cumberland differs vastly from exchanges like Coinbase, Binance, and Kraken. → Cumberland's counterparties are high-net-worth individuals and entities, not retail buyers, like those that buy on Coinbase, Binance, and Kraken. 👉 The Bottom Line 👈 The SEC's approach is becoming increasingly problematic as it tries to fit the square peg of crypto into the round hole of traditional securities regulation. This case against Cumberland highlights the need for: 👉 Clear crypto-specific legislation. 👉 Recognition of the diverse nature of crypto market participants. 👉 A more nuanced approach to regulation that does not treat the sale of all digital assets as securities. As the industry pushes back, we're likely to see more legal battles that will hopefully reshape the regulatory landscape. What's your take on the SEC’s latest move? Let's discuss. 👇 #SECCrypto #CryptoRegulation #DigitalAssetLaw

cheqd CEO and co-founder Fraser Edwards was speaking today at Zebu Live - London Web3 Conference in a panel titled “The role of infrastructure, oracles, and identity in the new web economy” alongside Emma Mkrtchian (CUDOS), Eva Lawrence (Figment), Angus Tookey (Chronicle), and João Machado (Humanity Protocol). Data storage and proof of humanity are captivating the audience’s attention. Both are essential in making #SSI a private and reliable framework for digital identities. Proper data storage enables individuals to maintain ownership over their #credentials without risking centralisation or privacy breaches, while proof of humanity ensures the trustworthiness of #identities in the system, reinforcing the core principles of SSI. Fraser Edwards was pleased to share his insights on these topics. Thank you for the invitation to cheqd.

The Figment Solana Validator Report for Q3 2024 is now public! 🚀 Here are the metrics you need to know. 👇 ✅ 7.12% Avg SRR – 13% higher than the network average ✅ 98% Proposer effectiveness ✅ 99% Voting effectiveness We also provide more perspective on the Figment validator performance vs. Network performance, MEV rewards on Solana, and tools that could optimize your Solana staking strategy. Learn more here. 🔗 https://lnkd.in/eQ7aRQ_C

The Figment Solana Validator Report for Q3 2024 is now public! 🚀 Here are the metrics you need to know. 👇 ✅ 7.12% Avg SRR – 13% higher than the network average ✅ 98% Proposer effectiveness ✅ 99% Voting effectiveness We also provide more perspective on the Figment validator performance vs. Network performance, MEV rewards on Solana, and tools that could optimize your Solana staking strategy. Learn more here. 🔗 https://lnkd.in/eQ7aRQ_C

🎤 Exciting Speaker Announcement for CoinAlts! 🎤 We are delighted to introduce Jennie Levin from Figment, who will be joining us for an enlightening session at #CoinAlts! 🎉 With a rich background that includes roles as a federal prosecutor and extensive experience in blockchain and NFTs, Jennie brings a unique perspective on the regulatory landscape surrounding the crypto industry. Her experience in law enforcement provides a crucial lens through which to analyze the complexities of legal challenges faced by the digital asset ecosystem. ⚖️🔍 During her session, Jennie will delve into the critical interplay between regulatory issues and business opportunities within the crypto space. This discussion promises to be invaluable for anyone looking to navigate the evolving world of digital assets and compliance. Don't miss this opportunity to gain expertise from a leading voice in the industry! 🌐✨ 📅 Date: 10/16/2024 📍 Location: CoinAlts @ The Four Seasons in SF Stay tuned for more exciting speaker announcements! #CoinAlts #Crypto #Innovation #Staking #Blockchain #Figment Cole-Frieman & Mallon LLP MG Stover LLC Harneys KPMG in the Cayman Islands