Mask Network presyoMASK

Ripple submitted its response Friday to the U.S. Securities and Exchange Commission (SEC) Crypto Task Force, urging the agency to shift away from past enforcement-centric strategies and instead adopt clear, legally grounded guidance. The company criticized the SEC’s prior actions for generating uncertainty and misapplying securities law to digital assets. Ripple wrote: To state it even more plainly, the SEC lacks authority over most digital assets and, in turn, most transactions involving digital assets. The letter was signed by Stuart Alderoty, Chief Legal Officer; Sameer Dhond, Ripple General Counsel; and Deborah McCrimmon, Deputy General Counsel. Alderoty reinforced Ripple’s position on social media platform X, stating: “Today, Ripple submitted its response to Commissioner Hester Peirce’s Feb. 21 statement: ‘There must be some way out of here,’ calling for public input on crypto taxonomy rules. That Dylan lyric continues: ‘There’s too much confusion, I can’t get no relief.’ The prior administration thrived on confusion to mask its failure to follow the law. We urge the SEC’s Crypto Task Force to stay focused: return to first principles, stay within its statutory bounds, and finally bring relief through clarity.” Ripple praised recent SEC staff guidance on meme coins and proof-of-work mining, calling them concise examples of how the agency can provide effective oversight within existing legal frameworks. The crypto firm also addressed how decentralized finance functions should be viewed under federal securities laws. It argued that staking and yield mechanisms operating on public blockchains are materially different from securities. The letter states: There is an opportunity for the Commission to confirm now what is clear: arrangements for earning yield directly from the programmatic functioning of a public, permissionless network should not be considered securities. “Such arrangements do not involve an investment with a definable counterparty, unlike traditional securities, which are premised on a contractual agreement between an investor and an issuer who undertakes managerial efforts to generate profits,” Ripple emphasized. The firm reiterated its support for safe harbor provisions and regulatory sandboxes and noted that its submission follows the SEC’s decision to drop its appeal in the ongoing legal dispute involving Ripple and XRP. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。

Gotbit founder Aleksei Andriunin has reportedly reached a plea agreement with US authorities to forfeit $23 million in crypto assets to settle allegations of market manipulation. Authorities accused Andriunin of orchestrating schemes that harmed regular market participants by artificially inflating cryptocurrency prices, leading them to buy at a premium. Security officials apprehended the Gotbit founder in Portugal last year, and he was subsequently extradited to the US this past February. Following his extradition, Andriunin’s legal team reportedly presented a plea bargain to the court and the prosecution, outlining the proposed terms. However, the final say rests with the court, and either side can back out if the judge rejects any part of the deal. The plea bargain reportedly includes a significant element: an exemption from further jail time and additional penalties. This suggests that Andriunin’s offer of forfeiting $23 million in crypto assets would be his way of settling the charges without serving a prison sentence or paying further fines related to this specific infraction. However, the Gotbit founder’s ultimate fate hinges on the court’s decision regarding the case. Related: GOTBIT’s Market Manipulation Charges Cast Shadow Over Crypto Markets The stakes were high for Andriunin, who was facing a potential jail term of up to 20 years on charges of wire fraud and conspiracy to commit market manipulation. Other potential penalties against Andriunin’s company, Gotbit, and three other related firms included substantial fines of $500,000 or twice the amount gained or lost from the alleged offenses, along with mandatory restitution and further asset forfeiture, potentially including up to five years of probation. Adding another layer to the legal complexities, Gotbit is also facing a separate charge from the SEC. The securities regulator accuses the firm of keeping detailed internal records that compared artificially “created volume” against natural “market volume” in various crypto markets. According to the SEC’s allegations, Gotbit actively sought out clients by explicitly detailing how their services could help mask activities on public blockchains. Related: SEC Faces Self-Investigation for Market Manipulation After Fake Bitcoin ETF News Following the alternative charge, Andriunin could face more punishment than the intended forfeiture. He could serve three years of supervised release with strict conditions and desist from participating in crypto activities during this time. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

MASK / USDT 🔹Symmetrical triangle foramtion. 🔹Price is moving in a sideways condition in a single line. 🔹This shows that a big move is on its way. 🔹Once it breaks, the upside trendline we can look for long. 🔹Target will be 3$+ $MASK 🔹Keep an eye on it.

Elliptic Uncloaks $60B in Illicit Garantex Transactions, Aiding US Takedown The U.S. Secret Service, supported by blockchain analytics firm Elliptic, dismantled sanctioned Russian cryptocurrency exchange Garantex and froze $26 million in cryptoassets, authorities announced Friday. U.S. Secret Service, With Elliptic’s Aid, Dismantles Sanctioned Russian Crypto Exchange Garantex Elliptic’s data revealed Garantex executed over $60 billion in transactions since the U.S. and EU imposed sanctions in April 2022 allegedly for laundering funds tied to ransomware, darknet markets, and North Korean cyberattacks. Despite efforts to mask its wallet infrastructure, Elliptic’s report claims Garantex’s total transactions exceeded $96 billion, including moves by Russian elites to evade sanctions after the Ukraine invasion. The blockchain surveillance firm explained that the crypto exchange employed advanced cloaking .

Staking $MINT offers a 15% APR mining reward (funded by MintDAO). Stakers receive sMINT as a staking certificate, which can be further converted into BC721 Mint-eNFT for restaking, allowing them to earn 50% of Mint Blockchain’s Sequencer transaction revenue. Team Overview MintCore – The core development team behind Mint Blockchain, responsible for blockchain architecture, Layer2 development, cross-chain bridges, transaction sequencing, and other key components. NFTScan Labs – The team behind NFTScan, a leading blockchain infrastructure provider and co-founding team of Mint Blockchain, responsible for key infrastructure such as block explorers, NFT browsers, developer documentation, SDK tools, and NFT hardware/software solutions. Funding May 31, 2024 – Completed seed round funding, raising $5 million. Investors: Mask Network, SNZ Holding, GoPlus Security, Jsquare, PANONY, Antalpha Ventures, NFTScan, WhiteList Ventures, Mike, Victor Zhang, BlockAI Ventures, Predator Capital. VI. Potential Risks NFT Market Cyclicality: The NFT market is highly cyclical—experiencing surges in bull markets but contractions in bear markets. Since 2022, the NFT sector has cooled down, with many blue-chip NFT prices dropping significantly. If NFT market activity continues to decline, it could hinder Mint Blockchain’s growth and ecosystem adoption. Developer and Project Adoption: As a new Layer2 network, Mint Blockchain must attract developers and projects to build a thriving ecosystem. However, the majority of NFT activity currently takes place on Ethereum, Solana, and Polygon. To gain traction, Mint Blockchain must offer compelling technical advantages and incentives to encourage developers to migrate or launch applications on its network.