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Cryptocurrency SEC Enforcement Action Demonstrates Need For Safe Harbor



Many people new to the cryptocurrency space are surprised to hear one of the industry’s largest and more complex regulatory agencies is the U.S. Securities and Exchange Commission (SEC). That is all because of a 1946 case called SEC v. W. J. Howey Co.  In Howey, the defendants offered real estate contracts for tracts of land in citrus groves. This case formed the test for determining whether transactions are investment contrac

How to Fire a Super

The Cooperator Q&A

Q. I live in a condo in Westchester. We have a super who has been here for 20 years and he doesn’t do a thing except empty garbage and maybe vacuum the hallway. When the board mmbers ask him to do something, he frequently refuses—yet he tells the unit owners to send emails to our management company telling them how good he is. He is very selective with which owners he helps in the building. How can we fire him? 

Boom or bust? Welcome to the freewheeling world of crypto lending

LONDON (Reuters) - It sounds like a surefire bet. You lend money to a borrower who puts up collateral that exceeds the size of the loan, and then you earn interest of about 20%. What could possibly go wrong?

That's the proposition presented by "DeFi", or decentralised finance, peer-to-peer cryptocurrency platforms that allow lenders and borrowers to transact without the traditional gatekeepers of loans: banks.

And it has exploded during the COVID-19 crisis.


What’s up with Ripple?

Modern Consensus

Ripple has the distinction of being one of the largest companies in the cryptocurrency and blockchain business that is up and running and working with hundreds of customers, including a couple of major banks.

The XRP token it bases its business on—and owns the majority of—is the third largest cryptocurrency by market cap, after Bitcoin and Ethereum. 

And it has a very specific, and very large, niche in the decentralized finance industry. That is making cro