Vladislav Sopov

Partner of top-notch legal firm Anderson Kill shared his views on XRP, Bitcoin, Craig Wright and crypto price manipulations


  • On Ponzis and securities
  • CSW is not Satoshi

Stephen Palley is a seasoned expert on the legal aspects of the blockchain and crypto segments. Today he shared his views on some red-hot questions crucial for the whole industry.

On Ponzis and securities

First of all, Mr. Palley announced that XRP token is, in fact, a security. He highlighted this fact amidst the legal battle between Ripple and the U.S. SEC.


Image via Twitter

As covered by U.Today previously, Ripple Inc. and its masterminds, Chris Larsen and Brad Garlinghouse, are accused of illegally selling securities, in the form of XRP tokens, to American citizens.

Read Also:   PewDiePie Pushes Video Game That Gives Out Crypto

According to the U.S. SEC’s allegations, almost $1.3 billion were raised by Ripple and its leaders as a result of illegal XRP sell-offs.

Another company that has a long history of issues with federal regulators, Tether Limited, is “prolly corrupt” in Mr. Palley.
However, that does not mean that the whole segment is a hotbed for sophisticated scams. Bitcoin (BTC) is not a Ponzi scheme, adds the renowned attorney.

CSW is not Satoshi

Also, Mr. Palley mentioned another prevalent narrative in the crypto community. According to him, Australian computer scientist and entrepreneur Craig Wright has nothing to do with mysterious Bitcoin (BTC) inventor Satoshi Nakamoto.

Three days ago, on Jan. 24, Craig Wright yet again made headlines. He repeatedly insists that he is the only copyright owner of the Bitcoin whitepaper.

Read Also:   Ripple pursues plan to 'develop a CBDC strategy' with latest job listing

As such, he urged Bitcoin Core to delete this document from its public storage. However, this caused a massive Streisand effect: Nakamoto’s thesis was republished by dozens of services within a few hours.

In his latest observation on digital assets, Mr. Palley admitted that the crypto price is still vulnerable to manipulation.

Download MAXBIT Android App, Your best source of all crypto news!
Google Play

Source link

Top Crypto Lawyer Stephen Palley

by Alex Dovbnya
Choose A Format
Voting to make decisions or determine opinions
Formatted Text with Embeds and Visuals
The Classic Internet Listicles
Upload your own images to make custom memes
Youtube, Vimeo or Vine Embeds
Soundcloud or Mixcloud Embeds
Photo or GIF
GIF format