40 Burst results for "LAW"

A highlight from A Leading Candidate for Next Speaker of the House is One of Crypto's Biggest Allies in D.C.

The Breakdown

14:04 min | 5 hrs ago

A highlight from A Leading Candidate for Next Speaker of the House is One of Crypto's Biggest Allies in D.C.

"Welcome back to The Breakdown with me and LW. It's a daily podcast on macro, Bitcoin and the big picture power shifts remaking our world. What's going on, guys? It is Wednesday, October 4th, and today we're discussing so many interesting political stories. Broader political US machinations that have some interesting implications for the crypto industry. Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. Hello, friends. Happy hump day. Now, I mentioned yesterday that I wasn't going to do full SPF trial updates every day. My current plan, although it's, of course, always subject to change, is effectively to save up every few days for really important stuff and give you the full rundown. Now, that said, I will try to give you the very highest highlights if there's anything super important. And really, the only big notable detail yesterday was around witnesses. In addition to the FTX leaders that we know had cut deals with the Justice Department and who were planning on testifying against Sam, including Gary Nashad and Caroline, it appears as though former COO Constance Wang, and probably most notably to the crypto community, former Alameda Co CEO Sam Tribuco, are also planning on testifying. Given that that other Sam has not been heard from, effectively since he went off on his boat in the summer of 2022, that one certainly got some tongues wagging. Now, that said, when it comes to the crypto industry and its actual future, the much more interesting story was drama in Congress. I'm excited to dig into that. But before we do, I'm also thrilled to announce that the breakdown today is welcoming a new sponsor. That sponsor is Kraken. Now, Kraken is a company I've known forever. Their founder and former CEO Jesse Powell is one of the true OGs of the space. And I've just known tons of super high integrity people who have ended up working with Kraken. And I think that that comes out in a lot of different ways, including them being super early, for example, to proof of reserves. I'm really excited to have Kraken on board as a sponsor, and so you will be hearing from them over the course of the show and in future shows as well. But let's talk congressional drama and what it means for crypto. TLDR, House Republicans have plunged into disarray as the fallout from last week's narrowly averted government shutdown plays out. Specifically, House Speaker Kevin McCarthy has been ousted from his position after Matt Gaetz filed a motion to vacate, calling for a vote to remove the speaker. Now, this outcome always had some chance of being in the cards. McCarthy was elected speaker in January after a torturous, modern record 15 rounds of voting. McCarthy made a range of concessions and deals with various GOP factions in order to gather enough support to be elected speaker. Among them was a rule change that would allow any single House member to call for a vote to remove him at any time. Gaetz, who was one of the primary agitators pushing for a government shutdown last week, unsurprisingly pulled that trigger on Monday evening. The last straw seemed to be the revelation of a secret deal between McCarthy and the Biden White House to ensure ongoing Ukraine funding. On Tuesday, the House voted 216 to 210 in favor of McCarthy's removal. Several conservative Republicans joined with Democrats to support the motion. This is the first time in US history that the Speaker of the House has been removed by a vote. Indeed, even calling for a vote is extraordinarily rare, with the last one taking place over 100 years ago in 1910. Now, of course, there will be plenty of places where you can go discuss and hear about what it represents in terms of the state of American politics and the deepening divides within the Republican Party, but that's not really what matters in the context of this show. What matters is that shortly after the vote concluded, Republican Chairman of the House Financial Services Committee Patrick McHenry assumed the Speaker's role and graveled the chamber into recess. McHenry will now serve as the interim Speaker until a vote can be held next Wednesday. So the first part of the story is, of course, that Patrick McHenry, as you will well know from listening to this show, is one of the most pro -crypto congressmen we have. As leader of the House Financial Services Committee, he has worked very hard to push a number of different bills, including the stablecoin bill, through. And so the fact that we now have an ally sitting in that vaunted position should be a powerful thing, right? Well, practically speaking, the House will be held out of session until that vote next Wednesday, meaning that McHenry will not have an opportunity to advance a legislative agenda. Getting back then to who might end up as the Speaker, Gates and the rest of the House Freedom Caucus don't have anywhere near enough votes to advance their own candidate, but they are numerous enough to act as a veto for other potential speakers. McCarthy, for his part, has said he does not intend to put his name forward for consideration in next week's vote. And so, among a long list of potential candidates as a replacement, support appears to be coalescing around two options. First is House Majority Leader Steve Scalise. Scalise is currently finishing up treatment for blood cancer, but enjoys broad respect from both the establishment and radical wings of the Republican Party. The other leading candidate is House Majority Whip Tom Emmer. Emmer is, of course, known to the crypto space as a fierce advocate of sensible crypto regulation. He has advanced numerous bills on clarity for token issuers and resisting the creation of a CBDC. Now, Gates, for his part, has spoken kindly of both frontrunners. On Monday night, he said, I think the world of Steve Scalise. I think he'd make a phenomenal speaker. At the same time, Gates noted that unclear resolution to medical issues make it difficult to know whether Scalise will be an appropriate choice. On Tuesday night, he said something very similar about Emmer and ended the day with a shortlist of six candidates he would be willing to support, including both Emmer and Scalise. Now, if Emmer succeeds in gathering the votes to become the next House Speaker, he has an opportunity to push forward a crypto legislative agenda prior to next year's election. There are currently two bills which have been ratified by a committee and stand ready to be voted on in the House. One bill provides regulatory clarity for stablecoins, while the other establishes a regulatory framework for the crypto industry more broadly, including a division of power between the SEC and the CFTC. Neither bill is expected at this stage to have the votes to get past the Democrat -controlled Senate to become law. But that said, there have been some recent rumblings that Senate Banking Committee Chairman Sherrod Brown could be open to a deal with McHenry. Specifically, he might be willing to support crypto legislation in exchange for McHenry's support in passing cannabis banking reform. Now, we are still a long way from Emmer being placed in charge of the House agenda. There's no telling how long it could take to elect a Speaker. The last time around, this process took the better part of a week to resolve. And since then, the fractures within the Republican Party appear to have become more entrenched. Then after that, once a Speaker is elected, crypto ally or not, the number one consideration will be putting in place long -term government funding. The stopgap funding measures which were passed last weekend will run out in mid -November. The House Freedom Caucus has grown increasingly clear in their calls to reform the way congressional appropriations operate. Since 1990, the U .S. government no longer puts forward formal budgets with individual financing bills. Instead, the government is funded using omnibus legislation which deals with the entire annual spending in one gigantic bill. Gates called for a major reform of this system and a return to fiscal conservatism on Tuesday night in front of Congress. Gates said, You know what I think paralyzes us? Continuing to govern by continuing resolution in omnibus. You know what I think throws this institution into chaos? Marching us towards the dollar not being the global reserve currency anymore. Real chaos is when the American people have to go through the austerity that is coming if we continue to have $2 trillion annual deficits. Now, Democrats, for their part, appeared content to allow the chaos to play out. Ahead of voting with the House Freedom Caucus to remove McCarthy as Speaker, House Democrat leader Hakeem Jeffries said that the chamber has plunged unprecedented into dysfunction. So, bringing it back around to the crypto industry, I think there are a couple things to note. One, even if we get Emmer, his hands are somewhat going to be tied by the legislative body that he inherits and all of the challenges that it represents. As you've probably heard over and over from me, my base case is that we effectively limp over the line of the next election cycle without really getting much done in legislation of any form between now and then. Could this re -galvanize people and lead to some better outcomes? It's totally possible, but for those who are looking for the sunny side for crypto, it's probably very measured in terms of potentially nudging these few bills that have some amount of momentum forward rather than some big radical overhaul. Still, of course, if you're going to choose between a crypto ally as the Speaker of the House and not a crypto ally, it's pretty clear who we want. Now, for the second half of our show, we are going to stay in government land, but before we do that, a quick note from today's sponsor, Kraken. Kraken Pro is an incredible resource for advanced and professional traders. The all -in -one experience allows advanced traders to switch seamlessly between spot trading and other advanced products with a UI that is highly customizable to your unique trading style. With institutional -grade performance, Kraken Pro is Kraken's most powerful platform ever. Go to pro .kraken .com to get started. Thanks again to Kraken for supporting the breakdown. Alright, so as I mentioned, the other big story is that the SEC has been denied an early chance to appeal the Ripple case. On Tuesday, the judge refused to grant the SEC certification to pursue an interlocutory appeal. An interlocutory appeal is when a party is allowed to appeal a partial decision in an overall lawsuit before the case has been fully decided. The SEC had sought to appeal two parts of the decision from the Ripple case prior to a full trial on the question of whether Ripple executives had aided and abetted securities laws violations. Those two parts of the proposed appeal were that sales of Ripple tokens to retail investors through an exchange, known as programmatic sales, as well as the distribution of tokens to contractors and staff, both constituted unregistered securities transactions. The judge said that the SEC had failed to meet the legal standard required to bring an interlocutory appeal. Specifically, they wrote in their order that the SEC is not arguing that the court applied the law incorrectly. Instead, the SEC argued that the judge incorrectly applied factual analysis of the Howey test to the specific set of circumstances in the case. Digging in, the judge clarified their original decision. They wrote that they had not ruled that sales of tokens through an exchange can never produce a reasonable expectation of profits based on the efforts of others in order to satisfy the Howey test. Instead, the judge's decision was that the specific set of facts presented in the Ripple case did not satisfy the Howey test. As an extension of that logic, the judge also rejected the idea that the Ripple case has significant precedential value for other token cases. They stated that that would misconstrue the court's ruling. The order clarified that The court held that based on the totality of the circumstances in this case, including an examination of the facts, circumstances, and economic realities of the transactions, Ripple's programmatic sales could not lead investors to reasonably expect profits from Ripple's efforts. The judge explained that their analysis was based on a multitude of factors and did not turn on the fact that Ripple's offers and sales were on crypto asset trading platforms. They even referred specifically to an order made in the Terraform Labs lawsuit as well as the Library case and stated that the decisions were not in conflict because they deal with entirely separate sets of facts. Peels are only allowed to deal with a dispute on the state of the law rather than a disagreement on how the law has been applied in a particular case. In rejecting the SEC's argument that there was a substantial disagreement about the state of the law, the judge wrote that To simplify it down, the judge appears to be saying that there is no dispute that the Howey test is the correct legal theory to apply in the Ripple case, nor is there any dispute about the judge's understanding of the Howey test. The only disagreement the judge could find on the SEC's application was in how this judge applied the Howey test to the specific facts of the case. The judge ruled that this was not a disagreement subject to appeal. So what are the takeaways of this ruling? Well, one, the decision seems to severely restrict the SEC's ability to appeal the Ripple decision whatsoever. If the regulator wants to bring an appeal, they will need to find new grounds and argue that the judge got the law wrong rather than simply made a decision that they disagreed with. More broadly, this order seemed like an implicit criticism of the SEC's strategy of regulation by enforcement. If each token case relies on a separate set of facts and is of limited precedential value, the theory that the SEC can simply win a handful of cases and apply those precedents broadly across the entire industry appears much more shaky than it previously might have. Finally, the judge in the Ripple case appears to have given a lot of thought on how to make their decision unable to be appealed. This order did not give the impression that the judge was looking to make decisions that would need ratification in an appellate court. Instead, it appears that the original Ripple decision was written in such a way to make it resistant to appeals. They seem to have thought through the arguments that might be made to force an appeal and worked around them in advance. In terms of what's next, the judge set a trial date in April to deal with the remaining issues in the case, and the SEC will be able to make another attempt at an appeal once that trial winds up. Now, a lot of folks in the industry were, of course, very excited about this. Brad Garlinghouse, the CEO at Ripple, said, just that XRP in this case wasn't one, and that even though some XRP acquirers purchased it for speculation, the SEC didn't prove it was tied to the efforts of Ripple. Now, on the flip side, although the judge's decision was fairly firm, some crypto lawyers did caution against celebrating too early. Gabriel Shapiro, the general counsel at Delphi Labs, said, don't get too excited about the denial of SEC's interlocutory appeal in Ripple. It doesn't mean the SEC lost its appeal. It means that if the SEC wants to appeal, it has to appeal everything at once after the trial. Still, some useful clarification of Judge Torres's opinion. Consensus lawyer Bill Hughes, however, thought the decision was a more significant blow to the SEC, tweeting, SEC served another L in the Ripple case. Crypto has been calling BS on this making it up as you go approach. Good to see at least one court also taking note. So, friends, overall, a fairly exciting day in crypto land. We got a demonstration of how U .S. politics, as disconnected as it might seem from crypto, actually has an impact on how the industry might grow and develop in this country. And we got yet further evidence that when it comes to the rule of law and protecting this industry's right to, you know, be an industry, the courts are, at least at this time, our best backstop. In any case, that is where we will wrap for today. Excited to share more evolutions with you as they come. Thanks one more time to Kraken for sponsoring the breakdown. And until tomorrow, be safe and take care of each other. Peace.

Gabriel Shapiro Matt Gaetz Bill Hughes Brad Garlinghouse Mccarthy Gaetz Hakeem Jeffries Monday Night $2 Trillion Mchenry Tuesday Night Steve Scalise Tuesday April January Two Parts Last Week House Freedom Caucus Jesse Powell Monday Evening
Fresh "LAW" from Bloomberg Law

Bloomberg Law

00:08 min | 4 min ago

Fresh "LAW" from Bloomberg Law

"In Hong in Kong. Bloomberg Taiwan, Thanks .com very also up much for nine and listening. the -tenths Bloomberg We'll see Business of one Act. percent. For Doug Broadcasting Krisner in 24 New York, House hours a I'm day Brian Republicans Curtis at here are scrambling to find a new speaker after Kevin McCarthy was voted role this week. Ohio Congressman Jim Jordan and House Majority Leader Steve Scalise of Louisiana both launched their bids on Wednesday. President Biden says lawmakers need to change the business atmosphere in Washington. We have strong disagreements, but we need to stop seeing each other as enemies. We need to talk to one another, listen to one another, work with one another. Three Philadelphia police officers be are in said stable to condition after being shot. Authorities say it happened Wednesday in this city's Ronhurst section. There's a heavy police presence at the scene. The Anti -Defamation League says it plans to resume advertising on X, formerly known as Twitter. It comes after a recent spat with tech mogul and ex -owner Elon Musk. Last month, he threatened legal action against the group, claiming its statements about rising hate speech on the platform had resulted in lost ad revenue for X. The ABC says it's no longer distributing COVID -19 vaccine cards. The ABC says it's no longer delivering as more. There was a time when you practically couldn't leave home without it. You had to show it at airports, Broadway theaters and restaurants in many cities during the height of the COVID pandemic. But that time has passed. International travelers no longer have to show their COVID vaccine cards when arriving from other countries. But the CDC says if you're leaving the US, you should check what the rules are wherever you're going. And if you full need a vaccine record, you can get it from your state health department. The head writers of the Drew Barrymore show are quitting. On Wednesday it was reported the trio of head writers who worked on the show before the writers strike have all turned down offers to return now that the strike is over. Barrymore faced backlash this month after she announced the taping of her show would resume during the strike, a decision she later faced. I'm Brian Shook. California's Miracle Water Water year is finished and brought enough rain and snow to fill the state's biggest reservoirs averages. National Weather Service Bay Area meteorologist David King says now only half the state is in some form of drought after it was entirely so just three months ago. We've had this anomalous above average rainy season this year which you see how often we have to get rain to systems push through here to have such a significant event. NASA and USGS satellite site imagery has been tracking California's two largest reservoirs showing drastic changes over the year. The Federal Drought Monitor report shows most of the Bay Area is now formally out of drought stage. Snowpack is approaching levels that haven't been seen since the early 80s. Often known as the forgotten generation, problems faced by those now in their 40s and 50s cannot be explored. Rebecca Hughes explains, Gen Xers are failing to meet their targets for retirement savings according to a new report from the National Institute of Retirement Security. Experts say multiple financial struggles during their lifetime include wages not even remotely keeping up with inflation, the shift from employer -run pensions, and the need to dip into those retirement plans due to multiple national economic crises. Data from analyzed by Pew Research shows Millennials had higher 401k balances than Gen Xers at their same age. As well, CNBC reports 55 % of Gen X parents are financially sacrificing their own well -being to help pay their children's bills, which was only true for 44 % of Gen Xers' baby boomer parents. I'm Rebecca Hughes. The nation's first Gandhi Museum is now open in Houston. The eternal Gandhi Museum Houston held its grand opening on Monday. It's dedicated to the legacy of the Nobel Peace Prize winner Mahatma Gandhi and his teaching of non -violence. I'm Bryan Shook. And I'm Doug Krisner at Bloomberg World Headquarters in New York. Let's check this hour's top business stories and the markets. It's the latest U .S. economic data suggests the Fed can refrain from further rate increases. The payroll service provider ADP says American firms added the fewest numbers of jobs in since September the beginning of 2021 and at the same time pay growth slowed. Here's Bloomberg's Michael McKee. Over the past year, ADP has overstated the private sector job creation seven out of the 12 months. So if that follows, then we will unusually have an weak payrolls report on Friday. But hard to square with what we saw from the ISM numbers because ISM went positive and ADP says we lost 12 ,000 jobs. That is Bloomberg's Michael McKee also said 13 ,000 jobs were lost in trade and transportation and another 32 thousand were lost in professional and business services. On to politics now that Kevin McCarthy been has removed from his post as House Speaker several questions loom including what happens a when stopgap spending measure runs out November 17th. Here's Bloomberg's Kaylee Lines. The government funding that was agreed to in the continuing resolution of last weekend that led to McCarthy's downfall in the first place only to extends that date and the issue is right now we have paralysis in the house really the only thing that pro temp Patrick McHenry can preside over is a speaker vote he can't preside over usual business. That is Bloomberg's Kaylee Lines now the house is intending to vote on a new speaker next Wednesday US that would be October 11th AT &T has begun to explore options for its 70 % stake in TV the story from Bloomberg's Charlie Pellet. Word comes as AT &T approaches the end of an agreement upon which it can legally sell its interest in America's third largest paid TV provider. Sources say among AT &T's options are a dividend recapitalization adding a new investor or selling the stake and exiting the venture as early as August 2024. AT &T co owns DirecTV with private equity firm TPG as part of a joint venture formed in 2001. The business was valued at about $16 billion dollars at the time. And that is Bloomberg's Charlie Pellet. We're seeing a recovery in crude oil after WTI fell more than 5 .5 % in New York when the government pointed to extremely weak US fuel demand. Right now $84 .40 in the electronic session. We check markets throughout the day here on Bloomberg. In Tokyo the Nikkei up 9 .1 %. Hang Seng better buy 2 .1 %. The KOSPI rising 6 .1 %. And in Sydney the SX200 is ahead 4 .1 %. Global news powered by more than 2700 journalists and this is Bloomberg. This is Bloomberg Law. What does the prosecutor have to prove in order to get a RICO conviction? Tell us why the Solicitor General sometimes is referred to as the 10th Justice. Interviews with prominent attorneys and Bloomberg legal experts. That's Jennifer Kay for Bloomberg Law. Joining me is former federal prosecutor Robert Mintz and analysis of important legal issues cases pieces and headlines. Is the toughest hurdle for prosecutors proving Trump's intent. Alito took on Congress saying Congress has no power to regulate the Supreme Court. Bloomberg Law with June Grosso from Bloomberg Radio. Welcome to the Bloomberg Law Show. I'm June Grosso aheadness our the prosecution lays out its case against Sam Bankman freed and the Supreme Court appears ready to reject a challenge to you. The Sam Bankman freed on trial Manhattan in federal court looks different from the Sam Bankman freed that presided over a crypto

A highlight from Roger Stone

The Eric Metaxas Show

04:58 min | 5 hrs ago

A highlight from Roger Stone

"Ladies and gentlemen, are you ready to listen to a man of grace, sophistication, integrity, and whimsy? Well, so are we. But until such a man shows up, please welcome Eric Mataxas. Well, ladies and gentlemen, do not adjust your TV sets. I'm wearing a different kind of wig today, and I know it's jarring, but let's just go with it. The wig master. Yeah, he's outdone himself today. I was going to say he was taken ill. He was taken ill. But in any event, enough about my wig. Chris, what about your wig? is My wig an original. Listen, today is, I believe, Tuesday, right? So we should probably tell people who's on the show, and then we're going to joke around more. Who's on the show? In a couple of minutes, probably not wearing any kind of wig at all, will be my guest, Roger Stone. Roger Stone will be talking about the Kevin McCarthy, Matt Gaetz battle. McCarthy and Gaetz. If you're wondering what to make of that, and you don't have time to listen to the show, Gaetz is right. McCarthy needs to be kicked out. But that's just my opinion. We'll see what Roger Stone has to say. He is a genius, political genius, and I'm excited to hear what he has to say. It kind of reminds me of the old Star Trek episode where Kirk and Spock have to fight each other to the death. It reminds everyone of that, but please continue. Spock was kind of under a spell. He wasn't himself, and they had to fight each other. Right. Kirk didn't want to hurt Spock because he knew that, you know. But maybe it's a bad analogy. It's just like that. Ladies and gentlemen, it's just like that. If you don't have any more time, just take that home. It's on In hour two, we're talking to Doug Grothheis. That's a Dutch name. I want to say up front, I hate the Dutch. I despise you people. And I'm going to bring it to Doug Grothheis. Enough with the Dutch stuff. But we're going to talk to him about theological stuff. We're going to talk to Roger Stone about political stuff in a couple of seconds. Before that, we should mention several things. Number one, I've been working on a sequel to Letter to the American Church. It's called Religionless Christianity, God's Answer to Evil. Working on a book is very stressful on me. That's why I'm wearing this wig because the eczema and psoriasis really flare up, and you've got to cover that up just from stress. So I'm working on that book. I'm doing a lot of travel. The Letter to the American Church book, some of you know, there's a study guide that goes with it. And we've mentioned that the documentary film, there's a documentary film. And I think we're pushing back the release date. The film is just about ready to go. But I think we're trying to set it up as a fathom event. I will be screening it in churches around the country. But we don't book. It's not about a movie. It's about saving America from sliding into the abyss. It's very, very bleak. If you pay attention to what's going on in the news, most of it seems unbelievable, the evil that we're facing and the silence of the church in the face of evil. So stay tuned on that. The way they attack President Trump, the way they attack Mike Lindell, what's really gross to me is there are people out there who don't care. And I think to myself, who are you? Do you understand what kind of a country this is? In this country, we don't play those political games. We actually have justice under the law. We're supposed to have those things. And you're supposed to care about those things. I don't care where you are politically or who you like or don't like. So it really is amazing to me where we are. So we're going to be talking obviously to Roger Stone about that in a few minutes. But let me ask you again to support Mike Lindell, please, by going to mystore .com or mypillow .com and using the code Eric. But what he's going through, even yesterday, I read a whole new thing that they're attacking him. It's just despicable that we're at that point in the country where that kind of stuff is happening. I mentioned I was traveling. I was. You remind me of that. I forget the name of the song. It's a classic rock song about the guy who's on the road every night. He's going to town to town. You're kind of like a 70s rocker.

Eric Mataxas Doug Grothheis Kirk Mike Lindell Gaetz Chris Roger Stone Kevin Mccarthy Mccarthy Spock Matt Gaetz Mystore .Com Tuesday Yesterday Star Trek Mypillow .Com 70S Today Eric President Trump
Fresh update on "law" discussed on Afternoon News with Tom Glasgow and Elisa Jaffe

Afternoon News with Tom Glasgow and Elisa Jaffe

00:00 min | 28 min ago

Fresh update on "law" discussed on Afternoon News with Tom Glasgow and Elisa Jaffe

"Well, get sharp for important contests ahead. The Kraken in Pittsburgh, BC for a preseason hockey game against Vancouver, then Friday in Edmonton. The NHL's regular season starts next Tuesday, Seattle and Vegas against the Stanley Cup champion Golden Knights. the Now Seattle Sounders hold third place in major league soccer's west. Three big points at home tonight could solidify the position. playoff After missing a lot of the season because of international call ups and injuries, Christian Aldon using tonight's game to get match fit. Absolutely, right. I've only played something like 15 games this year and that's basically half a season so I'm relatively fresh in that regard. It's a 730 start at Lumen Field against L .A. Galaxy. In the baseball wildcards, Texas made it look easy at Tampa St. Pete. Sweeping through the Rays, the Rangers next play the Orioles and after their first playoff victory since 2004, the Twins did it again, sweeping the Toronto Blue Jays in two games. The NFL reportedly considers discipline for Seahawks safety Jamal Adams for his outburst sideline Monday night directed towards the NFL's independent concussion doctor. Sports with Swartz at 10 and after 40 the hour, Northwest News Radio. From whiplash to herniated discs, there are a few car accident injuries we've all heard of. J .P. Pentagas with Pentagas Law explains that even the most common injuries differ from one another. one Pre -existing conditions, health history, beginning of treatment. There are hundreds of factors that make person every and every injury unique. While these variables aid medical treatment, the strongest case coverage must also take them into account. Can you explain a little bit more? Our team at Pentagas Law is obsessed with turning every over stone to differentiate each case. This requires thorough investigation, diligent listening and relentless research. We never pursue cases with a one size fits all approach. We built our success by treating every injury and every case with the individualized attention our clients need and deserve. Pentagas Law's individualized approach to even the most common injuries makes the difference in case outcomes. reason It's another why I can't recommend them enough. If you or a loved one has been injured in a car accident called Pentagas Law, we can help. You're losing your hair and you need a simple solution that works. You want the best modern technology with top -rated physicians, something that's guaranteed to work. Guys, you need advanced hair. They've completely redefined hair restoration from the experience itself to their unmatched results. Receding hairline, bald spot, thinning hair, address them all with advanced hair, simple one -day treatment in a calm, relaxed environment with the most experienced professionals. Advanced hair of has thousands performed of tens these breakthrough treatments. And get this, your own natural hair begins to regrow the very next day. No one can offer anything like the advanced FUE found in advanced hair. It's where I addressed my hair loss and I recommend you do the same. It starts with a free consultation. Call 425 -449 885 and if you qualify, you'll get $250 off and 250 free hair grafts. Refine your hairline with the team that redefined hair restoration, advancedhair .com. I'm Kareem Abdul -Jabbar. I learned about atrial fibrillation the hard way. My symptoms would come and go. Shortness of breath, fatigue. I kept going. Then I got so lightheaded, I couldn't. My doctor said I have AFib, so I'm about five times more likely to have a stroke. Other symptoms,

A highlight from Rep. Mike Lawler & Sen. Tom Cotton on the dysfunction in the House

The Hugh Hewitt Show: Highly Concentrated

01:29 min | 6 hrs ago

A highlight from Rep. Mike Lawler & Sen. Tom Cotton on the dysfunction in the House

"The United States Border Patrol has exciting and rewarding career opportunities with the nation's largest law enforcement organization. Border Patrol agents enjoy great pay, outstanding federal benefits, and up to $20 ,000 in recruitment incentives. If you are looking for a way to serve something greater than yourself, consider the United States Border Patrol. Learn more online at cbp .gov slash careers slash USBP. That's cbp .gov slash careers slash USBP. Welcome to today's podcast, sponsored by Hillsdale College. All things Hillsdale at Hillsdale .edu. I encourage you to take advantage of the many free online courses there, and of course, to listen to the Hillsdale Dialogues, all of them at Q for Hillsdale .com or just Google Apple, iTunes, and Hillsdale. When I grow up, I want to work for a woke company. Like super woke. When I grow up, when I grow up, I want to be hired based on what I look like rather than my skills. I want to be judged by my political beliefs. I want to get promoted based on my chromosomes. When I grow up, I want to be offended by my coworkers and walk around the office on egg shells and have my words policed by HR. Words like grandfather, peanut gallery, long time no see, no can do. When I grow up, I want to be obsessed with emotional safety and do workplace sensitivity training all day long. When I grow up, I want to climb the corporate ladder just by following the crowd. I want to be a conformist. I want to weaponize my pronouns.

Hillsdale College United States Border Patrol Cbp .Gov Up To $20 ,000 Today Google Itunes Border Patrol Hillsdale Hillsdale .Com Q .Edu. Apple
Fresh update on "law" discussed on Mark Levin

Mark Levin

00:04 min | 2 hrs ago

Fresh update on "law" discussed on Mark Levin

"They're like the neo -Nazis. You've got to get them. Trump is like Hitler. is Trump like Moses. Nobody's gagging them. Of course not. Because the Democrat Party doesn't believe in free speech. And let me say this. Particularly under circumstances like this, where we all know exactly what's taking place. Even the people who defend it. The frauds. The contemptible, despicable government media. They all know what's going on here and they like it. And they support it. And all these former federal prosecutors who were supposed to believe in justice and be They've exposed themselves. They've exposed themselves for the sleazeballs that they are. So they're trying to steal his property, steal his business, destroy it, steal his liberty, put him in prison for the rest of his life under state law, federal law, local law, come up with these cockamamie laws about the plan and enron and financial obstruction and all the rest in juries that are sure to convict. And he's supposed to be quiet. Don't dare you dare talk about our justice system that way and the rule of law. This is what happens in tyrannies. This is what happens in tyrannies. So he's supposed to be quiet. And the judges who oversee these, the intellectually corrupt and dishonest judges who oversee all this, they don't want to be questioned. And yet the reason we have open trials, America, is so we can question exactly what's going on there all the time. So we can see and hear what's going on. Only the prosecution gets to speak. Only the prosecution gets to condemn Donald Trump. And then they file gag order requests with the court or the court itself on its own gag order? Stalin would be proud. Where am I, Mr. Producer? Have people wanting to buy gold as an investment? Lots of commercials out there, lots of actors, lots of static. Well, I did and I do. Then I bought my gold coins, Canadian coins in particular, because I can use them for commercial purposes if the day ever comes, from Augusta Precious as metals. But they do more than that. If you have an IRA and a 401k and you want to buy physical gold to diversify and put them in the IRA and 401k, the physical gold, Augusta best is the company to do that. That's their expertise and you can eliminate fear and uncertainty from the process. They also offer a you free gold IRA investing guide, just free. All you have to do is contact them and it helps you evaluate and choose the best gold company, IRA which of course is them, and yet they lay it out for you to make your own choice. But I made my choice, that's why I bought my gold from Augusta. So to get your free gold IRA investing guide today, text LEVIN to 68592, that's L -E Visit AugustaPreciousMetals .com as well, and learn why they're the best gold IRA company for your needs, and they are.

A highlight from Out

Dennis Prager Podcasts

00:51 sec | 6 hrs ago

A highlight from Out

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Dennis Prager 15 Years Pragertopia .Com. Cbp .Gov Three Hours United States Border Patrol Pragertopia Border Patrol Up To $20 ,000 Every Single Day Daily
Fresh update on "law" discussed on Bloomberg Daybreak Asia

Bloomberg Daybreak Asia

00:00 sec | 2 hrs ago

Fresh update on "law" discussed on Bloomberg Daybreak Asia

"You can't imagine the reward visit adopt us kids dot org to find out more this message is brought to you by adopt us kids the us department of health and human services and the ad council whether you're an in -house council or in private practice Bloomberg Law gives you the edge with the latest in AI powered legal analytics business insights and workflow tools with guidance from our experts you'll grasp the latest trends in the legal industry helping you achieve better results for the practice of law the business of law the future of law the difference is Bloomberg Law learn more at Bloomberg Law dot com the wheel a big idea that's

A highlight from 1278. Gensler LOST AGAIN! | Judge Shreds SEC Appeal! | XRP Update

Tech Path Crypto

13:36 min | 7 hrs ago

A highlight from 1278. Gensler LOST AGAIN! | Judge Shreds SEC Appeal! | XRP Update

"Let's get into some XRP news today and talk about the SEC taking another black eye. These guys are taking round after round from the judge, and it's going to be an interesting one for sure. You don't want to miss this show. All right, my name is Paul Baron. Welcome back into Tech Path. Let's get into it. A couple of topics that we'll break down from the judge, but also the kind of impact this could have for the overall crypto markets, even the Coinbase case. We'll give you guys kind of a rundown. One thing I do want to do is thank our sponsor, and that's iTrust Capital. If you guys are looking at going into long -term investing into crypto IRAs, this is one of the vehicles you can use, and it's very simple to do it. Easy to start up, there's no monthly fees, and all you have to do is you can do your own self -directed trading. So if you want to get into XRP or others, you can do that right here within the iTrust Capital IRA. Very easy to join, and you'd be joining 200 another ,000 accounts that have already created IRAs there with iTrust. So check the link down below. You get a $100 funding reward if you decide to do something there. Helps our channel out. Appreciate that. All right, so let's get into a couple things here. I want to go over to the PDF here. This is the judge response, and there's a few points. I'm going to kind of zoom in on this a little bit for you guys. There's a few spots in here. There's going to be a lot of scrolling, but the point is we're going to get to a couple of points here. I want to go down here to page five. All right, so let's get into this. First, SEC has not presented a pure question of law. This is one of the things that the judge has already pretty much put in in the judgment on the first ruling, and of course, kind of them just saying, hey, this is, you're still in the same position here. In fact, the court specifically rejected defendants' essential ingredients, the legal test, and applied the SEC's legal standards. So this was where the SEC was essentially trying to create their own rules. Judge says, nope, not going to work here. Further into the document, the SEC seeks to appeal question C, and issuers offers and sales of crypto assets and trading platforms create a reasonable expectation of profits based on the efforts of others. But the court did not hold that offers and sales on a digital asset exchange can create a reasonable expectation of profits based on the efforts of others. So I think that is pretty much the same kind of scenario that's playing out in the Coinbase trial that we will most likely, I think we're going to see a win there as well. Ripple's programmatic sales were blind, bid -asked transactions, same as almost every crypto transaction out there. Ripple's programmatic sales represented less than 1 % of the global XRP trading volume, did not make any promises or offers, and the SEC failed to provide evidence. The SEC failed to provide evidence, and she just keeps on, failed to provide evidence over and over on all of this. So really kind of hitting home on the SEC, just not holding up their end of being able to even prove that XRP or other digital assets are securities. Further in this document, it says the SEC failed to provide evidence and the development of use cases for the XRP ledger, which constitutes a tangible and definable consideration to Ripple. That's important. Court also rejected the SEC's argument that XRP provided Ripple employees as compensation and bonuses satisfies the Howie's first prong. So getting into a lot more detail here, and I think this is going to flow into the rest of the civil cases that are still out there against Garlinghouse and Larson. All right, so court rejects the SEC's remaining argument that the courts have accordingly found section five violations where unregistered crypto asset transactions occur not between the issuer and the investor, but through intermediaries, including on trading platforms, keyword on trading platforms. That is Coinbase in a nutshell. And I think that's the scenario. Digital assets I think are getting ready to fall outside of the guise of the SEC. Court rejects the argument that there is a substantial ground for difference of opinion, meaning it doesn't matter what you think the court has a rule of law to go by and we're going to affect it. And, uh, the SEC is not creating their own law, which is the other scenario. Okay, so further in the court, uh, in the document, the court cannot draw any conclusions about library's core reasoning, uh, to an issue because it was never litigated. Therefore the SEC fails to point to any digital asset cases which conflict with the court's holding as to the other distributions. If you don't know about what happened in the library case, this was a really a milestone event for the SEC, but now the court is pretty much saying, man, not really. Listen into this clip right here. After the blockchain was launched and we didn't do an ICO and this was during the ICO boom and then we said we were trying to be a conservative company and eventually the SEC sued us and they declined to actually bring the trial until shortly before the statute of limitations was going to hit on our, on our first buying time. Yeah. We came in and we did a whole presentation and they just used that stuff against us. Never answered a single one of our questions. We've said we'll destroy the entire company. We'll give you our entire pre -mon. You can have every dollar in our bank accounts, right? But what we want is the status that Bitcoin has, right? If I have to blow everything up, if that's what's somehow the difference here. Okay, fine. Just tell me that that's what I have to do. They won't tell you that. They'll say you're, I mean, seriously, it's so it like gives me an energy. That's crazy. I mean, that would be in the founder of library talking about how much pressure and just gravitas that the sec is wielding out there on small companies. And that's the problem of overreach that we talk about all the time. All right, so let's go back to, actually there's another clip I want to play for you. This is John Deaton. Listen to this one. The judge agreed with me, promised me, assured me that he was going to make sure that the world knew that his decision did not apply to secondary market transactions. And that was a very important point because judge Torres in the ripple case cites that hearing Jeremy Kaufman and library spend between one and $4 million and they spend another couple million dollars in legal fees. The sec spends ungodly amount of hours taxpayer money. And when it's all said and done, the government protected us by getting $111 ,000 in legal fees. From library. Well, we've successfully destroyed them financially. We did what we told Jeremy Kaufman we were going to do when he argued with us and we said, we will bankrupt you pal. What happened is the library is appealing the decision by the judge granting summary judgment to the sec. I think that they have been emboldened, if you will, because of the grayscale ruling by the ripple decision by maybe even the Uniswap decision by judge failure and hopefully a really good decision that comes down in the Coinbase motion to, to dismiss. Remember people, there's not a case in 80 years that supports taking an asset that may have been an investment contract in the beginning and then calling it an investment contract. The underlying asset forever. None. Yeah. So Deaton pretty, pretty benefit. I'm pretty passionate about that. And I think he does kind of hit that point home is that the sec kind of plays unfairly, not surprising and to anyone out there. But the good thing is, is now the courts are starting to rule against them. And this seems like they are finally in a position where they're taking the bully to class here further in the conclusion denied at the sec's request for a stay is also denied. So this court basically just lashed everything down. This is an interesting statement at the end prior to the final pretrial conference council for both parties along with parties themselves shall meet in person for at least one hour to discuss the settlement of the match. So they are really meaning the court is really pushing to get this done. This of course is Annalisa Torres, judge Annalisa Torres, which I think is the one that has pretty much outlined that the sec has no case here for digital asset control and most likely is going to fall under, under outside the graces of the court when it comes to the, to the Coinbase, uh, case as well. All right. Just a couple of tweets here. Uh, corrupt sec got an effort fail on their appeal. Judge Torres wrote the fail 10 times. Uh, here's Stuart Alderati, of course, the ripple attorney courts, um, July 13 ruling was and remains law of the land XRP is not a security. Jeremy Hogan comes in and says, Hey, okay, look here. A couple of things here that I want to note. Uh, and that is really this statement right here. This is a disaster for the agency. I'm going to mark that just it's there. This is a disaster for the agency, but I think this is, this is a good thing for crypto in general and digital assets. But more importantly, I think for digital asset technology and how all of this is moving forward, keeping government overreach out of industry and innovation is important because as you know, Deaton kind of mentioned, they went through all that, you know, millions and millions and millions of taxpayers money for $111 ,000 for a library case, which is probably going to get overturned out. So not a good one. Here was Scott, Scott Chamberlain, uh, further talking about the XRP case and he kind of hits something here. So there's a lot in change. SCC failed to prove its case. Now it has to push not something nice uphill with a pointy stick if it wants to win. So they have a huge boulder in front of them to get this done in being able to win. I think the SCC has lost this and I think it's going to start either looking very bad for Gensler or the SCC is going to start to pivot their position. Now you look at it politically, that could be the case because we're starting to see some things in DC that could also kind of tie into this. I want to go over to this last clip, which is Deaton talking about this a little bit further into what this might mean. Listen in. She said some XRP holders, no doubt bought XRP for speculative reasons and they may have relied on the efforts of Ripple, but the SCC didn't prove that. Programmatic sales of XRP on exchanges are not securities. XRP itself is not a security. And what she did in this decision was solidify it. And I'm telling you it's untouchable. It cannot be touched. She even said, look, I never said that it's impossible for some crypto token to still be a security when it's bought on an exchange. I've just said that XRP in this case with these facts are not period. She even made it more clear that as of right now on this day, excluding Bitcoin, XRP is the only one clearly, with legal clarity. I'm really hoping that judge failure comes through on the Coinbase decision because I think that will be when Gensler is forced to pivot. And that's when Elizabeth Warren has to accept that her anti crypto army is a bunch of old people about to die. All right, there you go. Anti crypto army dead. Uh, and I think back to my point is that I think that Gensler is going to pivot. He has to, this is starting to impede political positioning. It's also impeding the benefits of what the SCC is going to try to do in really the work they should be doing, which is real securities law. And that is the challenge because right now it's just overreached. This is just power grabs. You look at what Graywall was saying here. Of course, this is the Coinbase attorney. SCC just filed its opposition motion to dismiss their case. This is the opposition to the motion for Coinbase trying to get this dismissed. This is going to take on a light of its own. If you look back down here at the end, it says, we look forward to filing our reply in October 24th. So as always, we appreciate court's consideration. So this is probably going to move into November, but the key here is the SCC continues to lose and they're losing in very, very grandiose ways. And this is not good for anything from a governmental overreach standpoint. I think it's even worse for the political position of the SCC. And this also starts to change things dramatically, I think in digital assets as a whole. Most likely Coinbase is going to come out of this. Coinbase is going to look really good pretty soon. So, all right guys, we're going to get into that more. We're going to be covering more of this. Obviously we had the speaker house change up this week. There's a big implication there on crypto and digital assets as a whole. We'll cover that. Make sure and stick around on the channel. If you're not subscribed, make sure and subscribe right now. Just hit that little button down there. If you want to get some of our live streams, I'm doing as much lately, but we do want to bring those back. Just hit that bell. You'll get notifications when we do this. All right, if you're not in our diamond circle, get in now. It's another place where we drop additional content. We've got a really special surprise for you. We've got new TA videos coming only to our diamond circle members twice a week. Those will be dropped on, it looks like Monday and Thursday. Plus you're going to get Kyle's webinar, excuse me, web3 podcast, and he's adding another show to it. So you're going to get four new pieces of content that you don't get anywhere else. Not here on YouTube, only in the diamond circle. Click the link down below. You guys want to catch me? It's out there on Twitter at Paul Baron. We'll catch you next time right here on Tech Path.

Jeremy Hogan Elizabeth Warren Paul Baron Annalisa Torres Stuart Alderati Scott October 24Th $100 November July 13 John Deaton $111 ,000 Scott Chamberlain SCC ONE First Torres Jeremy Kaufman 10 Times Itrust Capital
Fresh update on "law" discussed on Mark Levin

Mark Levin

00:03 min | 2 hrs ago

Fresh update on "law" discussed on Mark Levin

"Diana Magala, licensed in New York and New Jersey. Joseph Cordell, licensed in Missouri and Illinois -only Cordell Cordell .com. 866 -DADS Anyway, -LAW Call 866 -DADS -LAW. they know they're probably wrong. Mark Cordell .com. 866 Mark Blevins. Simply the smartest man on radio. And you can call us 877 -381 -3811. We be back. We are back. All right, let's see here. You know, let's listen to Donald Trump in his own words. Donald Trump is a very dangerous man if you love this country. He's a very important man. A

Monitor Show 13:00 10-04-2023 13:00

Bloomberg Radio New York - Recording Feed

00:30 sec | 9 hrs ago

Monitor Show 13:00 10-04-2023 13:00

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United States Border Patrol Cbp .Gov Border Patrol Up To $20 ,000
A highlight from MONEY REIMAGINED: Demystifying Crypto With Bitwise, VanEck, and Fidelity

CoinDesk Podcast Network

04:09 min | 12 hrs ago

A highlight from MONEY REIMAGINED: Demystifying Crypto With Bitwise, VanEck, and Fidelity

"This episode of Money Reimagined is sponsored by PayPal. You're listening to Coindesk's Money Reimagined with Michael Casey and Sheila Warren. I see a lot of panels that get called demystifying crypto, but we're going to this is it. This is the one we literally are going to demystify it, right? Because it's it's still a mystery to a lot of people for some strange reason, but this is it. The total and utter complete demystification of crypto. I got an incredible panel, actually, guys, this is you want to call on some experts, some rock stars in this space. These would be the gentlemen that you'd want. We're represented by Fidelity, by Van Eyck, by Bitwise, all of whom have really been so much more driving into this space than anyone else really in this industry. So it's going to be a good ride, I think. Maybe a bit of a show of hands, because if we're demystifying, you know, show of hands, who knows what HODL represents? Okay, that half. We've got one down there already. So that's pretty good about half. But Jan, why don't you just do the honors and explain the HODL story. So at least, you know, it's got some reference. Well, I mean, there's a lot of communication in the Twitter and the crypto community on Twitter and Signal and Telegraph and other kind of alternative social media. HODL stands for Hang On For Dear Life, which means, you know, be a longtime investor and holder of Bitcoin. My favorite phrase is FUD, Fear, Uncertainty and Doubt, which represents all the misinformation. But since we're demystifying, we don't need, we can forget what FUD stands for. This is a FUD -free zone. However, we are going to start talking about Washington where there has been some FUD. Look, the thing that is, we'll just get the elephant in the room out of the way first. And that is, you know, when are we going to get a spot Bitcoin ETF, right? Because it's all dependent on the say so of a certain regulator. And we've been down this road for quite a long time now. But a number of institutions, BlackRock over there, Bannock, others are all in this space, Fidelity, all of you are playing in this space. I want to know when you think it's going to happen. Why don't we start with you, Jan, as well. Like, when is Gary going to give us the okay? My dad used to say, you know, pay attention to what people say, because often they do what they actually say. And it seems like the chairman of the SEC has no interest in approving a spot Bitcoin ETF. It may go to political levels higher than that, but I'll stick with that. So unless you have a change in parties in power, I just, I don't see it happening. I'm a little polluted by my law school background, which always says that, yeah, the law is one thing, but look at the power structure. And lawyers can always come up with different excuses for different things. So I'm sorry to be the negative outlier on this panel, maybe, but that's kind of my view. Whenever the Republican president gets elected. Okay, so possibly a long time, possibly not. Matt, though, you're a little bit more optimistic, I think. Yeah, I'll take the under on that, Jan. Another way of viewing this SEC commission under this chairman is it's the first commission that approved a ETF with the word crypto in its name. It's actually a bitwise ETF. It's the first commission that approved a 40 -act Bitcoin futures fund. The first commission that approved a 33 -act Bitcoin fund. First commission that looks likely to approve Ethereum futures funds. Approved a 2x levered Bitcoin futures fund. Compared to all the commissions that came before us since the Winklevoss filed for the first Bitcoin ETF in the 1930s or whatever, this commission has made a lot more progress. And I think they're sort of boxed into a corner where I think there's a reasonable probability that we'll get a spot Bitcoin ETF. I'm not certain, but I think there's a good probability. And I think they've actually done more on ETFs, even though I don't think they're favorable to crypto, they've done more on ETFs than any other commission before them. And they probably don't get enough credit for that. They certainly don't in the crypto industry. That is a rare perspective, actually. He clearly has not received enough subpoenas.

Michael Casey Sheila Warren Gary Blackrock Matt Paypal First Commission 1930S SEC Money Reimagined 2X Van Eyck Fidelity Bannock Coindesk Signal Republican Twitter Hodl
A highlight from BIG RIPPLE XRP NEWS! JUDGE DENIES SEC GARY GENSLER APPEAL! RIPPLE SINGAPORE LICENSE, SEC VS COINBASE & BINANCE

Thinking Crypto News & Interviews

06:42 min | 13 hrs ago

A highlight from BIG RIPPLE XRP NEWS! JUDGE DENIES SEC GARY GENSLER APPEAL! RIPPLE SINGAPORE LICENSE, SEC VS COINBASE & BINANCE

"Welcome back to the thinking crypto podcast, your home for cryptocurrency news and interviews. If you are new here, please hit that subscribe button as well as the thumbs up button and leave a comment below. Please also hit the five star rating on the podcast platforms. Well, folks, as you can probably tell by my voice, I am sick. I'm under the weather. I think I picked up something at the ripple proper party, but it was certainly worth it. The ripple proper party was incredible. It was amazing to meet many of you in person and to chat with you all and then get to know you a bit better. Thank you all for your support. It was just an awesome experience. Well, folks, let's jump into the news. The SEC's motion to appeal the loss in the ripple case has been denied. Judge Torres once again denying the SEC and scumbag regulator Gary Gensler. Gary Gensler's lies, failed talking points and bullshit are not, of course, going to be holed up in court so he can continue going on TV and telling lies. But it's not going to happen with the judiciary branch. This is great, folks. We are seeing a government agency that is run by a corrupt bureaucrat being put in their place. They've obviously fallen far from their core mission of protecting investors. They become political and they are trying to go beyond above and beyond what powers have been given to them. Their goal is to protect investors, but they're doing all kinds of nonsense. We know Gary Gensler is a puppet on strings trying to protect the trad fi banking incumbents who are being disrupted by cryptocurrency and blocking companies. So this is amazing. Let me give you some details. So district judge Annalisa Torres said in that brief ruling Tuesday that the SEC had failed to meet its burden under the law to show that there were controlling questions of law or that there are substantial grounds for differences of opinion. So Gary is getting shut down. You know, there's obviously going to be a trial next year, but we'll see. There could be some sort of settlement here wrapping this up because I don't think the SEC can continue to take losses like this. Here's what Ripple CEO Brad Garlinghouse had to say on the matter. The SEC's request to file an interlocutory appeal is denied. I am not a lawyer, but it seems the court just told the SEC, you asked me to apply the Howey test. I did. And like it or not, you lost. Exactly. Stuart Alderadi, chief legal officer at Ripple said the court's July 13 ruling was and remains the law of the land. XRP is not a security. Here's what John Deaton's crypto law highlighted. In footnote six of her ruling today, Judge Torres raped the SEC for shifting the inconsistent arguments as to its legal theory about other distributions. This is in line with Judge Netburn's earlier admonition on the SEC's lack of faithful allegiance to the law. So you have a government agency that doesn't even respect the law folks. They use our tax money to do their jobs, right? That's how they're funded primarily. And they don't even It's unbelievable. This is why we need a total revamp. And if you've seen my interview with Congressman Warren Davidson just a few days ago, he has a bill called the SEC restructuring act or whatever it may be, where it would eliminate that chair role and add another commissioner to bring more balance. And I think we need something like that because clearly, I mean, whether you're a Democrat, Republican, independent, it doesn't matter if you just look at this reasonably, you see something is wrong here. There's this agencies rotten at its core. Here's what attorney Jeremy Hogan had to say. The SEC's motion for interlocutory appeal denied, which means the case either goes to trial in April or goes away. And this order allowed the judge to explain parts of her ruling even better, making the appeal that much harder for the SEC to win disaster for the agency. Now, quick word from our sponsor, and that is uphold, which makes crypto investing easy. I've been a user of uphold since 2018. So I can vouch for this platform. They have 10 plus million users, 250 plus cryptocurrencies, and they're available in 150 countries. You can also trade precious metals on here as well as 37 Fiat currencies. And you can very easily switch between the Fiat precious metals and cryptocurrencies. So that's a very unique feature to this platform. If you'd like to learn more about uphold, please visit the link in the description. Now, attorney Fred Rispoli also weighed in on this, and I've had him on the podcast many times. He said XRP community, the big win was on July 13th, of course, but this is a but this is also pretty sweet options for the SEC are dwindling at a rapid pace. This opinion to me oozed with contempt from Judge Torres for the SEC for wasting her time and in a disrespectful way. I still maintain it all went south for the SEC the day it took such widely hypocritical positions in the Hinman email saga. What an epic fail decision for show me the De Niro to narrow the TLDR of this order to me is the footnote six that first sentence the court further notes that in its summary judgment briefing, the SEC presented shifting and inconsistent arguments as to its legal theory about other distributions. This statement was completely unnecessary for Judge Torres to make and only exists to jab at the SEC out of character for Judge Torres but fully necessary. The SEC may seek an emergency writ to the Second Circuit, but that will be denied. It would waste time and money. So I cannot put that at a zero percent probability. The order's many references to facts yet to be decided was saturated with implications by Judge Torres and that any and all arguments by the SEC will be greeted from a starting point of being non -credible. Wow folks, these judges are taking the SEC out to the woodshed and it's Sarah Netburn going back to saying the SEC has no faithful allegiance to the law. Even recently in full of it. Like what are you trying to tell us what is the security and what's not? Obviously they can and they greenlighted Coinbase to go public. So I think these judges are seeing this is nonsense. What are we doing here? Right? The SEC is not abiding by the law. Now Neil Hartner of Ripple highlighted the following. He said, by my count, the SEC got an F on their interlocutory 10 times in her 14 page ruling.

Stuart Alderadi Fred Rispoli Annalisa Torres Gary Gensler Sarah Netburn Jeremy Hogan Neil Hartner July 13Th Tuesday Next Year John Deaton July 13 Ripple April Gary 14 Page Five Star 10 Times Brad Garlinghouse SEC
A highlight from UNCHAINED: SBF Trial | How Sam Bankman-Frieds Lawyers Might Try and Win His Case

CoinDesk Podcast Network

18:50 min | 14 hrs ago

A highlight from UNCHAINED: SBF Trial | How Sam Bankman-Frieds Lawyers Might Try and Win His Case

"Thanks for listening to Unchained, your no -hype resource for all things crypto, on the CoinDesk Podcast Network. You can also listen to the episodes on the Unchained feed earlier if you subscribe there. Plus check out all our content on our website, unchainedcrypto .com. Very dangerous to call the defendant. However, you may be in a situation where the government puts their case on and you are going to lose. There is no way you're winning. You're only shot as a Hail Mary. Okay, let's put them on. The other side of the coin is it's very powerful when a defendant testifies. It makes it much harder for the jury to convict. They're not dealing with characterizations of a person anymore. They're dealing with that person. They have heard the person speak intimately in a courtroom. And even in cases I've had where a defendant testified, even when the jury ends up convicting, it often takes them longer to get there because it's a harder decision when a human being testifies to them. Starting on Tuesday, October 3rd, the day this episode airs, the world will be watching the criminal trial of the United States versus Sam Bankman -Fried. In this episode, my guests Kayvon Sadeghi and Samson Ensor unpack what it is we're likely to see in the trial, starting with what kinds of potential jurors it is that both the prosecution and the defense will want to deselect from the jury poll this week. Why it's even gotten to the point of a criminal trial given that three co -conspirators have already pleaded guilty, what the core of the trial centers around, and why it is they think the fact that it involves crypto won't matter. Plus, they explore the effectiveness of one potential defense from Bankman -Fried's side, the so -called advice of counsel defense that says that FTX's own lawyers approved of the company's actions. And finally, they raise the question that everyone will be looking for. Will Sam testify? Hi everyone, welcome to Unchained, your no -hype resource for all things crypto. I'm your host, Laura Shin, author of The Cryptopians. I started covering crypto eight years ago, and as a senior editor at Plorbs, was the first mainstream media reporter to cover cryptocurrency full -time. This is the October 3rd, 2023 episode of Unchained. Buy, trade, and spend crypto on the Crypto .com app. New users can enjoy zero credit card fees on crypto purchases in the first seven days. Download the Crypto .com app and get $25 with the code LAURA. Link in the description. Vaultcraft by Popcorn is your no -code DeFi toolkit for building automated, non -custodial yield strategies. Learn more on vaultcraft .io about how you can supercharge your crypto portfolio. The game has changed. The Google Cloud Oracle, built for Layer 0, is now securing every Layer 0 message by default. Their custom end -to -end solution sets itself up to bring its world -class security to Web3 and establish itself as the HTTPS within Layer 0 messaging. Visit layer0 .network to learn more. Today's topic is the trial for Sam Vangman -Fried. Here to discuss are Kay von Sodegi, Partner and Co -Chair of Fintech and Crypto Assets at Jenner & Block, and Samson Enser, Partner at Cahill, Gordon & Rydell. Welcome, Kay von and Sam. Great to be back with you, Laura. Likewise. Thanks for having us on. So, the day this episode airs is the first day of the criminal trial for the United States against Sam Vangman -Fried, the former CEO of FTX. Before we dive into the details of this trial, why don't we just have you each briefly describe how your background is relevant to this case. Kay von, would you like to start? Sure. Sure. So, I've been a litigator in New York for the last little over 20 years now, I guess, and in the blockchain space since late 2016, so I've been following all sorts of litigation enforcement actions in the space, including things related to the FTX situation, of course. I also know when things go criminal to open people like my friend Sam here, who have more direct experience, so I'll turn it over to him to discuss his background. Sure. Thank you, Kay von. I used to be a federal prosecutor in the Southern District of New York in the securities and commodities fraud unit, which is the unit that is prosecuting Sam Vangman -Fried. When I was there, I did their first crypto securities fraud cases. So what you're seeing in this case is sort of an evolution of some of the cases that I worked on. The prosecutors in this case are folks that used to be my colleagues. I know them well, both from when I was a prosecutor and now as a defense lawyer at Cahill. I tried a case in front of Judge Kaplan, who is the judge in the case. I know him well, and I've had a case in front of him as a defense lawyer. And the defense lawyers are folks that I'm friends with from both sides. I worked with them with Chris Everdale when we were prosecutors together. And now on the defense side, he and I have worked together on this side as well. All right. So to begin our discussion, why don't we first explain how this trial is different from, say, the SEC's case against Ripple, which secures to even get a judgment that is now being appealed. So how is this trial against SPF even able to start less than a year after FTX collapsed? Sure. I can jump in. For what a lot of people in the industry have been looking at are things like the SEC enforcement action against Ripple, Coinbase, other things like that, which are civil proceedings. And those tend to be preceded by years of investigation followed by, once a case starts, months if not years of discovery where parties are exchanging all sorts of documents, taking depositions, there's multiple rounds of briefing. And we end up with something like a decision on summary judgment, as we saw in Ripple, before you ever get to a trial to decide what's tried. That is a very different process than the criminal process, which involves a lot less discovery up front. You end up exchanging a lot less information before trial, and it's a much more accelerated time frame. And I think for talking about exactly how those mechanics work, maybe we can kick to Sam to discuss a little bit about that criminal process. Yeah, for sure. I think in a criminal case, it is very common to get from indictment to trial within roughly a year, even in a complicated case. This case is unusual in that the prosecutors investigated the crime very, very quickly. It was November of 2022 that I think the market and the public started to see signs that FTX was cracking. It was not long after that that there was an indictment. So they were speedy in the investigation. Judge Kaplan is a no -nonsense judge who does not like to move a trial date. So he is somebody who pushes a case to trial if that's where it's headed. And so that's why we are here. In the criminal context, as Kayvon mentioned, you know, in a civil case, you will get to question under oath that is depose the other side's witnesses. So there are no surprises at a trial. Not so in a criminal trial. The does defense not have the opportunity to... If the witnesses for the government don't want to be interviewed by them, they won't be. They don't have the right to question them. If those witnesses don't want to be questioned, they may not even know who the witnesses are. They may learn that for the first time very shortly before the trial. If you've seen the movie My Cousin Vinny, it's actually a pretty good summary of how the criminal process goes. You're there and you're hearing the testimony for the first time. You have to really be live on your feet to be able to deal with it. And that's something that I think surprises a lot of people who aren't familiar with the system because I think the natural instinct is, you know, civil cases are about money. Criminal cases are about your freedom. And you would think as the defendant, when your freedom's on the line, you'd have more rights to information that you would have more ability to mount your defense and have everything that you would need to do so. But in fact, it sort of works the opposite way that you have less information going into the trial. You have less rights to understand what the prosecutors are going to do than you would to understand what the SEC is going to do when they're bringing a case just for money damages. I think another thing to think about, and this has played out in some of the briefing ahead of trial, in the Ripple case, the defendants, the company and the executives who were named in the suit are not in jail. So they can run their business, they can live their lives, they can meet with their lawyers in a conference room to prepare. Sam Bankman -Fried has been repeatedly asking the judge to release him on bail because he is literally in jail right now awaiting trial. He was out on bail originally. He did things that caused the judge to detain him. And now he's sitting in a jail. What that means is his lawyers do not have 24 -7 access to him. He may not have full access to computers or things to do the stuff he needs to do to prepare. I can tell you on the defense side, I've had clients in jail when I've had to defend them. It is extremely difficult to confer with a client and prepare for court when you have limited access to them because they're in jail. Yeah, one other thing that I wanted to ask is why this even went to trial at all, considering that three of S .B .F.'s own colleagues will be testifying against him and have already pleaded guilty. So I don't really know. I'm not a lawyer. But in my head, it's like when you have that kind of testimony against you, you know, from witnesses that were directly there, does that mean that a plea deal wasn't even on the table? Or do you think Sam declined such an offer or, you know, what happened there? I am sure that if he had wanted to plead guilty, I doubt very much that the government would have been interested in letting him cooperate because he is, so to speak, the kingpin. When the government lets somebody cooperate, that is, plead guilty and testify against others to get a reduction or leniency at sentencing, typically the government wants to get somebody in the middle or the bottom and cooperate them up against somebody higher up in the food chain of a crime. I don't think there's anybody above S .B .F. We could have a discussion about whether he maybe knows things about others who would be peers of his in the industry, but I doubt the government was interested in his cooperation. Would they have let him plead guilty just to have some reduction in sentence exposure for the certainty of a conviction? They probably would have, but I expect they would have wanted a very stiff plea. And I think S .B .F., as some defendants do, they take the position, I didn't do anything wrong. I didn't act with intent to the fraud. And when intent is the key issue, what was in somebody's, between somebody's ears when they were doing something, it's very often that that gets tried. White collar criminal cases get tried a lot. And I think people, it is important in a white collar criminal case, when you're talking about fraud, very often, 97 percent of the facts are not going to be in dispute. In other words, the facts of did people deposit money or funds or digital assets on FDX not in dispute? What did the terms of use say, not in dispute? A lot of the activity is not in dispute. The question is, what was Sam thinking when he did certain things? Was he acting with the intent to deceive people and take their money or were other people doing that and he was just blissfully unaware? And so what you're saying is it really could be either that the government didn't offer the plea deal because they wanted to use the other witnesses to get him or that Sam wanted to take that gamble since, you know, it would be harder to prove what his intent was. So you're saying it really could be either? It could be either, but I would expect knowing the, I think if Sam wanted to plead and was willing to take stiff terms, he probably could have. I think that he drives the buck. The government decides whether you get charged, it's really up to the defendant to decide whether they go to trial. I don't expect they were going to be, as you say, it's a stiff plea that would have been available if anything. I mean, there was going to be no light sentence on the back of a plea here. So I think Sam was looking at any plea would have probably been a long time behind bars. And so at that point, maybe you decide to take your chances in his shoes. Because of the sheer amount of money and the number of charges. Yeah. Okay. So the main task at the start of the trial will be to choose the jurors. What do you think each side will be looking for when it comes to prospective jurors? So we've got a, you know, a little bit of a, of a hint from the voir dire questions that each side has put forward. You know, I think - That's the name for the process for vetting the jurors. Exactly. Maybe, maybe it makes sense to start with sort of how that process will unfold. So the trial will start with the selection of jurors and it's very different in a civil case as we're dealing with here or than in the criminal case. So civil case, the lawyers get to ask questions directly of the jurors, particularly in state court and it's a very freewheeling process. In a federal criminal case like this, the questions are handled by the judge and both the prosecution and the defense have submitted proposed questions to the court that will help guide what the court asks of the jurors. And a lot of it is pretty typical stuff that both sides somewhat agree on. And you want to know if people have any connection to any of the parties in the case, any of the lawyers in the case, if they have certain direct background and exposure to FDX or things like that. I think where some of the differences lie is whether people have broader exposure to crypto or the crypto industry generally, if they have views on any of that, or even the financial markets is one of the areas that parties may be touching. And then once we move past that, the defense was trying to, you're asking the judge to get into areas that I don't expect he will, but looking for any exposure to or experience with people with ADHD, any things along those lines that you can tell are sort of teeing up some of their defenses. So I think the defense will be looking for people who will be more sympathetic to some of those additional factors where, as I imagine the prosecution will be looking for people who are probably generally skeptical of crypto overall and avoiding any of those sort of sideshows. I would put it in three buckets. I think the government and the defense will think about the types of jurors into three buckets. One bucket are people who are sort of the quintessential citizen, common sense oriented. They work a job they can convict. Those are the people the government likes. So somebody who holds a job, somebody who is a boss, somebody who's a mid -level manager. So they are committed to society. They have to make decisions. They sometimes have to make decisions on incomplete information. That's the type of person the government would want. Then you've got people who are extremely technical, who want proof in mathematical certainty. Those are folks that the defense would like and that the government might not like. And then in the third category is another group that the defense would like. And those are folks who are more emotional and not necessarily going to be driven by the sort of inferences the government will put before them. So for example, the government likes to strike social workers, very afraid of having a social worker on there who might sympathize with a young defendant and say, you know, maybe a mistake was made here. I'm not sure beyond a reasonable doubt that this person should go to jail. No, wait. Just to go back to people who are either familiar with crypto or financial services, it wasn't clear to me. So it seemed like you were saying that, you know, the government would seek people who were skeptical of crypto. But if you're, if you just are knowledgeable, then is that, it seems like that would be better than for the prosecution rather than for the defense. Am I right in thinking that or? It's hard to read the tea leaves of exactly how that one will cut. You know, one of the defenses that, that we can see Sam Bankenfried would like to put forward and that the prosecution is opposing is an idea of sort of blame the regulators, blame the uncertainty in the industry, all of those sort of things to suggest that this was wild west, it wasn't clear what the rules of the road were, and therefore that should absolve him of some responsibility. And I think that's something the prosecution understandably doesn't want to get into and the judge has indicated, you know, there's going to be a pretty tight leash on anything like that, I think. But people who are very steeped in the crypto industry may have more of those views. They may be, you know, they may think that the uncertainty in the government's approach is partially to blame for what's happened, things like that. And so anybody who's so close that they may have some of those views may not be an ideal juror for the prosecution, but somebody, you know, somebody who's lost money, lost money or knows people who've lost money in some of these scams may be, you know, may be more likely to be a good juror for the prosecution. So it's hard to see exactly how those things will cut. I think it's important to note also, we call it jury selection, but it's actually a misnomer. The right name for it should be jury deselection. You don't pick your jurors. You get a pool of people and you have a certain number of strikes. And so really what you're doing is picking the worst apples and deselecting them and you're stuck with what you're left with. And so it's really, I think when trial lawyers do jury selection in a criminal case, they think about who are the people I have to get rid of? Who can I just, who can I not have on the jury? Government does not want the social worker on the jury. The government does not want, they don't like lawyers on the jury because they fear that a lawyer might just take over, creates unpredictability. Another sort of advantage for the defense is that the government has to get 12 jurors unanimous to prevail. If the jury is not unanimous, that's a hung jury and it's a mistrial, which basically is a victory for the defense. And if the jury unanimously wants to acquit, that's a victory for the defense. So it's the, the, the, the government needs to be able to get a group of people who can agree. Maybe somebody leads them and the rest of the people can go along with it, but they have to be able to reach consensus. That's important as well. Yeah. This is definitely a pretty complicated chess game. It sounds like, so one other thing that will happen or might happen after the jury deselection is that Judge Kaplan, Judge Lewis Kaplan, who is the judge in this case, might give a pre -opening jury charge. Explain what that is and why it is that he might give this or why he might not. Sure. So it is common practice before the commencement of the, the body of the trial, which is the opening statements of the lawyers, the presentation of evidence, and then closing arguments. Before the sort of body of the trial, the judge will typically give preliminary instructions to help the jury understand what they're going to hear. So the judge will say, you know, you're going to hear opening statements. These are the lawyer's attempt to give you a preview of what to expect, what the lawyers say is not evidence. And some rules of the road, some general rules of the road, and that's common. What Judge Kaplan does that's unique, he doesn't do it in every case, but he has done it in some, some criminal cases where it's complicated, is he will hone in on what he thinks is a key issue in the case and flagged for the jury. One of the key issues in this case is going to be a dispute about X. Here are the key rules you need to know about the law on how to decide X. Why is that important? It focuses the jury. It gives you a sense of what the judge thinks is the real battleground.

Laura Shin Sam Bankenfried Laura Kay Von Sodegi Kayvon October 3Rd, 2023 November Of 2022 Kayvon Sadeghi Kay Von Tuesday, October 3Rd 12 Jurors New York Jenner & Block 97 Percent Chris Everdale $25 Ripple Sam Vangman -Fried My Cousin Vinny Coinbase
A highlight from Are NFTs securities?

Crypto Critics' Corner

12:18 min | 15 hrs ago

A highlight from Are NFTs securities?

"Welcome back everyone, I am Cas Pianci. I'm joined as usual by my partner in crime. We've already recorded one today. I'm not going to play pretend and say, I haven't asked you how you're doing. You're doing good. I'm doing good. We're going to be talking about NFTs and whether or not they're securities, or at least whether or not the SEC thinks they're securities, when they think they're securities and why they think they might be securities, right? And the reason this got brought into everyone's sort of line of sight is because an NFT collection called Stoner Cats that had been started, or at least co -founded by Mila Kunis, and I think Ashton Kutcher was in on that as well. I'm not, I don't remember. I think Mila Kunis was the face of it, but I think they were both involved. And some other co -creators created this thing called Stoner Cats. And now Stoner Cats was this collection of images of what it sounds like. Stoned cats. I am cool. Haha. Super, super awesome. Weed and cats, very funny. And they decided they were going to do a show, a web series based on this. And they, I went through the documents, actually, they'd, they'd promised some pretty specific things, including that they were going to do at least one episode for three seasons, something like that. Obviously they, they didn't do that. And part of the issue appears to be that the way these NFTs work, and many NFTs for that matter, is that they offered royalties to the initial founders and creators of these NFTs. What that entails is that every time someone buys one of these NFTs, they get like a 2 .5 % kickback on that sale, which doesn't sound like much right out the gate, but considering volume and all of this other stuff, you end up going like, oh, they made like a half a million dollars in royalty like that, which it's a lot of money. They also sold out of all of their NFTs when they put them on the market, whether or not they bought a bunch of those, I think is up for debate, but basically the SEC said, Hey, you guys are doing these royalties on these NFTs. This is a security. And to be clear, the people who did this said, Oh no. Okay, well we're done. You win. We're not going to admit fault. We're not going to admit guilt here. You guys can just take some money. We'll pay the fine and we'll stop doing the sonar cap. For what it's worth, I don't think you can actually buy them anywhere right now. Maybe it's just because there's none up for sale. After the SEC took this action, the floor price increased 250%. It's still up 175 % since before the SEC action. And the volume went up, I think almost 3000%. So everyone started buying it and trading it and moving them around. As soon as this SEC action was, was pushed out. I think this kind of SEC action is similar in my mind to the EOS action that took place in case anyone is unfamiliar with EOS. This was a Brock Pierce and Daniel Larimer project from years ago that was going to change the financial system and raised $4 billion from their ICO and then got fined by the SEC, I believe it was $24 million. Who gives a shit? No one cares about that $24 million fine when you've raised billions of dollars. And I think everybody understood that when it happened. And to me, this feels kind of similar, right? So these guys raised, I believe it's something like eight to $9 million, including these royalties that they got. And they were fined, I don't know, a few million. They made a profit for sure. They profited on this 100 % sure. And what they're getting out of it ultimately is that they don't have to fight the SEC now. They don't have to pay legal fees. And the SEC gets, oh, look, see, they're not willing to fight us on this. So this means NFTs are security. That's not the full story, Bennets. Why don't you jump in here now? What's interesting, so Stoner Cats is the second NFT case that the SEC pursued. Like a week or two weeks before they pursued Stoner Cats, they went after Impact Theory, which was a smaller NFT project, less illustrious names involved. And the creators of that NFT project kept telling their investors that they could get tremendous value and that they were going to make sure that we do something that by any reasonable standard, people get a crushing, hilarious amount of value. And they even told these people buying their NFTs that these NFTs were the mechanism by which communities will be able to capture economic value from the growth of the company they support. This one, again, settled with the SEC and may more clearly be a security than Stoner Cats. And I think this is what kind of gets interesting here is even in the Impact Theory case I just discussed, there were two SEC commissioners who disagreed. Commissioners Peirce and Ulleda did not support this and wrote their own digression. And they highlighted that the SEC does not routinely bring enforcement actions against people that sell watches, paintings or collectibles, along with vague promises to build the brand and increase the resale value. And what I thought was interesting and what you and I had a brief conversation about is Preston Byrne, who we've had on the podcast before, wrote a blog post taking a look at these two cases. And his stance was basically that the Impact Theory I, when I just discussed, did seem more clearly like a security in the way it was marketed, in the way it was sold, and in the expectations investors reasonably had. But he thought that the Stoner Cats one was less clearly a violation of securities law. Peirce and Ulleda again highlighted that this was an example of fan crowdfunding. And Preston pointed towards how this was not presented in that same way to purchasers. And so I think Stoner Cats is one where they kind of wanted to go after it because there were so many celebrities involved. Mila Kunis was involved, as you mentioned. Ashton Kutcher was an actor. Chris Rock was an actor. There were names involved here. And you want to discourage that caliber of name from doing this type of projects. You go for a ticky tacky settlement. But more broadly, what we're looking at in both these two cases is that making your badly formed project in which you hope to return value to people who give you money, an NFT instead of some other form of token, does not mean you'll avoid the SEC's attention. And so I think a big part of this has been the royalty aspect the SEC has been honing in on. And I want to be clear here for everyone, because I think it's a pretty important distinction in my mind. And we'll see, I don't know if this will actually play out in court. It might be that what I'm saying is totally off key and wrong. Again, we are not lawyers. Two industries that instantly come to mind when I think of royalty, and that is TV and movies and music, right? In those two industries, royalties play a pretty big role. We're watching a WGA strike, a Writers Guild of America strike go on right now, particularly because of royalties. The writers can't get royalties on streaming anymore, because these streaming services don't offer the market data to even give them any of these royalties, right? But this has been livelihoods for decades for actors, writers, producers, whatever. They all have been able to make money on these royalties forever. There's a fair argument to be had that if your NFT is a TV -like thing, which I guess you could argue Stoner Cats was, that the royalties, in a sense, make sense. I think that you need to do more probably than seven episodes. I don't know. It would be up for debate. I don't know where that would come in. But the second one that I want to talk about is musicians, where like, again, record sales indeed do give you royalties for the rest of your career if you have the rights to the songs and all of that. And I know someone on that I follow on Twitter, who actually I like a lot of the songs that he puts out there, Jonathan Mann. I follow him. I find a lot of his music entertaining. It's silly. And he turns a lot of it into NFTs. He does royalties as well for that. And I get it. I actually get that. I'm like, oh, well, that makes sense. Counter to this is the sale of art pieces, is the sale of painting. If I buy a painting from a painter, you know what happens when I resell that painting? Whether I resell it for a profit or a loss, do you do you want to guess how much of the money I make on that resale the painter gets? Zero. Zero. They do not receive anything for it. Collectibles, you want to talk about Pokemon cards? How much does Namco get when I resell a Pokemon card? Zero. Sure. They don't get anything. So the royalties in that aspect, I do understand why they're trying to say they're a security. It's a dividend. And Preston highlights part of this in the blog post. And like, imagine I paint a picture and there's someone who wants to buy it for $10 ,000. And I say, what if instead I sell it for you for $1 ,000 and 10 percent of any of whatever you end up selling it for in the future? Right. That doesn't make the painting itself a security. Right. And I think... How many of those agreements exist? I would love to know, because that is not a common agreement. The answer is probably non -zero. Right. And often that's not how artist kickbacks work, right? The way it generally works is an artist sells some pieces to a collector at a lower price and then one like Halo piece at a higher price, which then re -values the entire collection. So then the collector is able to make the money on that. And the artist is then able to sell future pieces at a higher price. Not that that's a good... Changing the terms of that arrangement in the way I describe make it necessarily a security. The art market is bred for money laundering and tax evasion. Like that's that's what the art market is for. I mean, we literally just described market manipulation. Yes. That's what I just said. It's just not illegal because it's a collectibles market. And the tax, the tax shit, donating it to museums, doing all the all sorts of weird scammy shit in the art market. I'm not trying to deny that at all. But if we're going to try to make kind of strict lines in the sand about what a security is, I do want to say that when you're getting kickbacks on every sale of a painting, that sounds so much more like a dividend to me and a securities offering than it does the way a normal art market works. And royalties don't sound that way to me. They really don't. Right. It's a dividend, but it's not. It's not. It's basically saying like, OK, you did this work in this thing years ago. And if you have to repay a whole team because it's not it's not an individual taking full credit for it. It's writers, actors, producers, directors. It's the grip. It's the lighting guy. It's everybody. And the same for a musician as well, usually. I think that's democratized a bit. But for a musician as well, you're going into a studio, you're working with a producer, you're working with a whole band, you're working with all of these different people who hopefully are going to be receiving some sort of monetary compensation forever for the work that they've done for this thing. And again, the art market is not the same as that. Maybe we see some changes in this. Maybe it becomes less regulated. Maybe they or they regulate the royalties aspects of these industries further. I don't know, but I'm trying to explain there is there is a difference between these industries in the real world. Sure. I think kind of just to put a cap on this, there's two things I want to kind of accentuate. Stoner Cats to me seems like the SEC trying to make a case, like we said, because there's these names involved and they want to discourage that kind of thing. I think the art market gets away with a lot because everyone involved is probably like an accredited investor. The SEC's rules, they're already kind of loose, so they're not they don't really care. This is open to retail, you know, so they care a little bit more. The other thing I want to emphasize is there's some amount of ambiguity here in terms of whether or not this type of structure is or is not a security. But broadly, many NFT projects now need to deal with the reality that they may be considered a security by the securities regulator and need to deal with either litigating that or otherwise dealing with the consequences. Well, that's going to do it for this episode, everybody. If you want to support us, obviously there's doing the normal thing of like liking the video, rating it and reviewing it. But alternatively, we're putting out a new Castcoin Cats collection. It's going to be an NFT thing. It's really cool. Cost 10 Castcoin each for every Castcoin Cat. And what you get is unlimited access to the new Castcoin Cat TV show. Anyway, there's a 10 percent royalty that gets kicked back to CCC. So we're going to be seeing a ton of money from that. And we're kind of banking on that for the future of the show. Remember, look it up on on Blur and on OpenSea. OK, guys.

Chris Rock Jonathan Mann 2 .5 % $24 Million $1 ,000 $4 Billion 100 % 10 Percent $10 ,000 Mila Kunis Namco 250% Today $9 Million Three Seasons Cas Pianci Second Eight TWO Preston
A highlight from 688:FTXs Legal Woes, Hong Kongs Crypto Surge, and CFTCs DeFi Focus

The Crypto Overnighter

04:08 min | 21 hrs ago

A highlight from 688:FTXs Legal Woes, Hong Kongs Crypto Surge, and CFTCs DeFi Focus

"Good evening, and welcome to The Crypto Overnight. I'm Nickademus, and I will be your host as we take a look at the latest cryptocurrency news and analysis. So sit back, relax and let's get started. And remember, none of this is financial advice. And it's 10pm on Tuesday, October 3rd, 2023. Welcome back to The Crypto Overnight, where we have no sponsors, no hidden agendas and no BS. But we do have the news, so let's talk about that. Tonight, we dive into some tumultuous waters, from the legal quagmire surrounding FTX to Hong Kong's crypto rebellion against mainland China. The CFTC is setting its sights on DeFi, while Kenya grapples with the controversial WorldCoin project. The Ethereum ETFs underwhelm and Chainalysis cuts its workforce. Buckle up, it's going to be a bumpy ride. As Sam Beckman -Fried's trial is due to kick off today, I think it relevant to ask if we're off base on what happened at FTX. Let's start with the basics. FTX imploded last November, and the man at the helm, Sam Beckman -Fried, faces a criminal trial that kicks off tomorrow. He's up against seven fraud and conspiracy charges. The allegations? Misappropriating billions in customer funds. Noted author Michael Lewis defended FTX on CBS' 60 Minutes. He claimed FTX was, quote, a real business, not a Ponzi scheme. But let's be clear, federal prosecutors have a very different view. They questioned FTX's entire legacy, calling it a short -lived venture built on shaky ground. Now here's where it gets interesting. FTX was founded in 2019. By 2021, CNBC reported its revenue had skyrocketed to over $1 billion, up from just $89 million the previous year. But hold on, bankruptcy proceedings tell a different story. By the end of 2021, FTX and its sister company, Alameda Research, had racked up $3 .7 billion in operating losses for tax purposes. So where did that money go? Prosecutors allege that customer cash was mixed with assets at Alameda Research. The total shortfall? A staggering $8 billion. That's $8 billion of customer funds that went missing. Now, Lewis argues that FTX would still be profitable if traders had not withdrawn their money en masse. But let's not kid ourselves. Exchanges are supposed to hold one -to -one deposits. FTX failed to do that. It admitted to not having segregated reserves of customer assets. That's not just bad business. That's illegal. Lewis's defense of FTX has stirred the pot, especially for anyone skeptical of centralized exchanges. His comments come at a time when the crypto community is already on edge about regulatory scrutiny. His statements could be seen as an attempt to legitimize a business that federal prosecutors have labeled as fraudulent. But let's not forget, FTX is one of crypto's largest exchanges before its downfall. What does the crypto influencer cast have to say on the subject? Dan Held, a prominent figure in the crypto world, called it shameful for Lewis to defend Bankman -Fried. Why? Because exchanges can't handle deposits like banks do, at least not legally. The case against FTX and Bankman -Fried is a stark reminder of the risks involved in centralized exchanges. Unlike decentralized platforms, centralized exchanges like FTX hold customer funds, making those customer funds vulnerable to not only misappropriation, but hacks and embezzlement as well. It's also worth noting that FTX's downfall was not just a result of legal issues. The exchange faced a massive withdrawal of customer funds, forcing it to admit that it did not hold segregated reserves. This is a breach of trust that no decentralized system would allow. So what's the takeaway here? FTX is a lesson in the importance of regulatory compliance and financial transparency. It's a wake -up call for those who think they can skirt the law and still come out on top. Alright, you've just gotten a reality check on FTX. From one legal quagmire to another, let's pivot. Is Hong Kong having its own crypto rebellion defying mainland China? Folks, if you thought FTX was a rollercoaster, strap in for this one. Don't forget to hit those like and subscribe buttons for more insights.

Michael Lewis Dan Held Alameda Research 2019 Lewis Cnbc Last November Over $1 Billion 2021 $8 Billion Today Sam Beckman -Fried Tomorrow Nickademus Cbs' Tonight $3 .7 Billion Billions Cftc Tuesday, October 3Rd, 2023
Justice Arthur Engoron Admitted His Personal Bias in 2015

Mark Levin

01:54 min | 1 d ago

Justice Arthur Engoron Admitted His Personal Bias in 2015

"Notwithstanding the verdict i can say there is no possible way that a the jury would have reached that conclusion stand right my following the making law uh... i'm following law i'm an referee but it's hard to factor out my own emotions and i have tools somebody can say well your honor you have to throw out this because it's just like another case well is it just like another case what if the defendant was a red sweater instead of a blue sweater oh and by the way i worked for the columbia daily for a couple of weeks what happened was i went there every day and i wrote a few one i got criticized on because i wrote that some cluclux cluxclanners had murdered some people and then i was told you can't say that how do we know you aren't there well that was what everybody thought anyway yeah we should have absolute community what if we name um somebody that's how it usually comes up you know you call somebody a murderer or a heroin addict that sort of thing a pedophile and if it's done in court yeah i think we should have absolute good lord what a rambling buffoon a rambling buffoon this guy is on the wrong side of the uh the courtroom mr producer they should be getting him checked out to make sure he's not mentally deficient but you see what a papa sassy is really quite incredible and this is the judge this is the judge who's going to make the decisions he

A Couple Of Weeks Columbia ONE Daily Every Day
A highlight from The Sam Bankman-Fried Trial Begins - Everything You Need to Know

The Breakdown

22:38 min | 1 d ago

A highlight from The Sam Bankman-Fried Trial Begins - Everything You Need to Know

"Welcome back to The Breakdown with me and LW. It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. What's going on guys? It is Tuesday, October 3rd. The SBF trial has begun. This is all the background that you need to know. Of course, before we get into all of that. If you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review. Or if you want to dive deeper into the conversation, come join us on The Breakers Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. Hello Breakers. As you can imagine, this is a fairly weird time for me. A year ago at this time, I was deep in the midst of planning FTX's second Super Bowl ad. And yet a month later, I had resigned, the company had declared bankruptcy, and the world had discovered a rotten core of fraud around Sam and his closest consigliaries. Now, I did a very long episode about the experience of the week of the collapse from the inside last November 14th. It was called Sam Bankman Fraud to give you a sense of how I felt about it. Since then, I've been covering the FTX bankruptcy and Sam's legal battles as I would any other crypto story. In other words, just part of the necessary cleanup of the last cycle, but ultimately something that is hopefully for the past and not for the future. When it comes to the trial, I've spent a long time deciding about how to approach it. The reality is, for the next five or six weeks or however long this takes, this is going to drown out a lot of other things that are happening in the space. I have to imagine that most products will choose not to launch during this time for fear of being outshined because everyone is just laser focused on this. The question then of course is how much time to give it. Is there a risk of over focusing on it? You bet. It's going to have lots of drama. But does it need to be covered? I think that the answer is also ultimately yes. This is something that has to get concluded for the industry to fully move on. It is in many ways an exorcism that just has to be done. And on top of that, I think that this trial and everything that surrounds it will have some impact in shaping how much the external world sees the crypto space as itself inherently fraudulent versus Sam as specifically fraudulent. So how is the breakdown going to cover this? Well, I talked to a lot of you listeners and the general request mirrored my own thoughts, which is to every few days do an update, sometimes with a guest discussion. This won't be then an everyday thing. At least there won't be some big feature every day. But you will get all the salient details as they come up. And with that in mind, I thought it would be valuable to try to create a bit of a definitive primer, something that if you haven't been paying attention at all, if you were barely watching last year, you could pick up and listen to and feel pretty well prepared to get into what you're going to see over the coming weeks. What that means is that today we're going to go over the charges, the rough timeline of events, the key witnesses, what we expect from the defense, the latest procedural news and info from the bankruptcy and the trial schedule. I don't think we'll have time to get into people's very strong feelings about Michael Lewis's book that just came out, but I imagine that that will be on the docket for later this week as well. However, where we begin is with the charges of which Sam faces seven. Those include two charges of wire fraud, two charges of conspiracy to commit wire fraud, as well as charges of securities fraud, commodities fraud and money laundering. More generally, Sam is accused of fraudulently dealing with customer funds in a multitude of ways. The most damning allegation, and the one prosecutors will likely focus on establishing, is that Sam knowingly diverted customer funds to FTX -affiliated hedge fund Alameda Research. Alameda, of course, served as the primary market maker on FTX. Now, FTX is widely understood not to have been able to obtain bank accounts, and so in many cases used accounts held by Alameda Research to receive funds from customers. The thing that prosecutors will seek to demonstrate is that Alameda not only held customer funds, but that it racked up billions of dollars in debt to FTX, which it could not repay. Evidence has been put forward that Alameda did not have the same risk controls as other entities when it traded on FTX, and that the lack of limits allowed Alameda to continue to operate while carrying a large negative cash balance. To put a fine point on it, the prosecution will allege that this large negative cash balance represented improperly using customer funds to trade and lose on the exchange. Now of course, Alameda had a significant balance sheet of assets held against this negative cash balance, but these assets were crypto tokens largely created by Sam and FTX. They were far too illiquid to realize it anywhere close to their full book value. The SEC summarized the allegations in their separate lawsuit by stating that Sam, Put more simply by Bloomberg's Matt Levine in an article published yesterday, It was pretty much entirely because Alameda had lost it. Now the key to proving these allegations will be establishing that Sam was aware of this financial artifice being run using Alameda. Fraud isn't fraud if it was caused by a mistake or an oversight. Prosecutors will need to show that Sam was either aware of the fraud or willfully blind to it. As the judge put it during a hearing last week, Now let's move on to the timeline of events. Much of the DOJ's case will center around the fateful final weeks as the FTX empire came crashing down. The beginning of the end came on November 2nd when Coindesk's Ian Allison published an expose on the Alameda balance sheet. There had been some rumors of trouble at Alameda prior to that, but with a partial copy of the balance sheet, this piece of reporting blew the lid off the situation. TLDR, what the balance sheet showed was that a huge portion of Alameda's holdings, the were pretty illiquid tokens and in particular, the native exchange token of FTX, FTT. Now in terms of a huge portion of their assets being in FTT, there were also a bunch of other Sam coins from DeFi projects that barely got off the ground, which in some cases had Alameda representing up to 95 % of the overall token supply. According to the Financial Times, just $900 million in assets on this balance sheet could be easily sold. The next major event was the very public sparring between Binance CEO CZ and Sam. Binance had been an early investor in FTX, but at that time had been bought out of their stake for $2 .1 billion. That repurchase, a theoretically pretty good return on an $80 million investment, had been paid out in a mix of stablecoins and FTT tokens. On the Sunday following the Coindesk article, CZ tweeted that quote, Due to recent revelations that have come to light, we have decided to liquidate any remaining FTT on our books. He said the firm would attempt to do so in a way that quote, minimizes market impact over the next few months. But of course, when you have CZ, the single biggest player in the industry, saying dump FTT and run for the hills, guess what happened next? Within the hour, Carolyn Ellison absolutely pissed gasoline all over the situation. She had taken over as sole Alameda CEO just a couple months prior and tweeted to CZ quote, If you're looking to minimize the market impact of your FTT sales, Alameda will happily buy it all from you today at $22. The market immediately plunged, with FTT's price being very visibly defended against Throughout the week before, FTT had traded around $25 and a market cap of $3 billion. By Tuesday night, with Alameda's traders and balance sheet exhausted, the token settled at $5 and FTX closed withdrawals. Now like I said, I gave my account of being on the inside. And while Tuesday when FTX closed withdrawals was clearly a final moment in the coffin for many of us inside, for me when it was clear that something very nefarious had gone on was on Monday, when I started getting hit up by other friends outside of FTX in the industry who were asking if I had heard anything about an FTX emergency fundraising round. Now of course, as an exchange that was supposed to be fully backed and given Sam's recent statements to the team that we had around $2 billion in cash and liquid assets thanks to trading revenue as well as recent fundraising, the only way in the world that we would need an emergency fundraising round was if Sam had been using FTX customer funds for purposes other than sitting on FTX's books waiting for those customers to reclaim those funds. Anyway, in the middle of that week after withdrawals were closed, there was also a weird sham sale announced to Binance, which they very quickly backed out of. And by Friday, with most FTX staffers having already fled the Bahamas, Sam finally capitulated to bankruptcy. Now to this day, Sam claims that he was forced by external lawyers to place the FTX empire into bankruptcy and appears to continue to be holding onto the idea that the exchange could have raised an emergency fundraising round to make customers whole. For most people, that might be where the event ended, but not so much for Sam. What followed was a bizarre string of press interviews, an incredibly disjointed Twitter thread, and basically an odd media tour that attempted to paint Sam as a wayward and naive CEO in over his head rather than a perpetrator of criminal fraud. This tour was capped off by a live broadcast interview with Andrew Ross Sorkin of the New York Times on November 30th. During that sprawling interview, Sam claimed that he, quote, didn't ever try to commit fraud on anyone. Authorities disagreed, and on December 12th, Sam was arrested in the Bahamas at the request of the US government. Although initially defiant, Sam ultimately agreed to be extradited to face charges and was released on bail. Once again, for any normal person, that might be the end of the story until we get to trial, but not for Sam. Although he was confined to his parents' house in California, Sam managed to continuously test the boundaries of his bail conditions. February, Sam was hauled before the judge on allegations that he had used encrypted messaging apps to contact the General Counsel of FTX US as well as using a VPN, which Sam claimed was just to watch NFL games. To the former General Counsel of FTX US, Sam had reached out to see if it was possible to, quote, have a constructive relationship, use each other as resources when possible, or at least vet things with each other. The DOJ characterized this communication as an attempt to taint a potential witness. At that point, the judge decided not to revoke Sam's bail, but instead expressly forbid Sam from using encrypted messaging apps and VPNs. And yet, in July, Sam stepped over the line once again by leaking the private journal of Carolyn Ellison to the New York Times. The judge agreed that providing this material to journalists was, at best, an attempt to embarrass Ellison, if not a brazen attempt to intimidate her and discredit her in the public eye. During the course of that hearing, it was uncovered that Sam had held more than 1 ,000 phone calls with journalists, including over 100 with the New York Times reporter who published the story. And thus, by early August, Sam had his bail revoked and was locked up at the Brooklyn Metropolitan Detention Center to await his trial. Since then, it's basically just been a never -ending set of appeals to try to get Sam out of jail, but alas, jail is where he remains. Next up, let's talk witnesses. What became clear quite fast was that there was a cohort of around four people, including Sam, that seemed to know about the extra special privileges that Alameda enjoyed and the fact that for all intents and purposes, customer funds on FTX were just used as a slush fund for their hedge fund traders. And it turns out that while Sam was still in the air being extradited from the Bahamas, multiple FTX executives were revealed to be collaborating witnesses. Of those, Carolyn Ellison is the one likely to get the most attention. As well as being the CEO of Alameda, Ellison was also Sam's former girlfriend. The couple split prior to the collapse of FTX and there will no doubt be extensive cross -examination which questions Ellison's motives in giving evidence against Sam. Although Ellison was only at the helm of Alameda for a little over two months, recent reporting describes her as essentially in charge of the trading firm for much longer, at least as much as anyone could be in charge of the firm relative to Sam himself. Nominally, Ellison and Sam Trabuco, another Sam in this story, had been appointed co -CEOs of the firm in October of 2021 when SPF stepped away from the role. However, Trabuco had recently been described as almost entirely checked out at that point, leaving Ellison in charge of day -to -day operations. Ellison is expected to give evidence regarding the inner workings of FTX and has acknowledged that she knew about the hole in Alameda's balance sheet prior to the collapse of the exchange. Nishad Singh and Gary Wang are the other two executives known to be cooperating with prosecutors. Singh acted as engineering director while Wang was the exchange's CTO and co -founder. These two basically built all of FTX from the ground up, so anything going on with the codebase is basically going to be mostly just their work. Nishad is expected to give a first -hand account of how the Alameda backdoor was enabled in the code. Nishad was reportedly extremely distressed and wracked with guilt during the final weeks at FTX and was confrontational with Sam during that time. Gary was one of the last employees left in the Bahamas as the exchange collapsed and famously coded almost the entire platform by himself. Some have speculated about how he will be as a witness given that he is notoriously quiet. Now, each of these three key witnesses have already pleaded guilty to criminal fraud charges and have agreed to testify in exchange for a lighter sentence. Prosecutors will need to demonstrate that each one is presenting an honest account of events rather than merely throwing Sam under the bus to save themselves. There are also complicated personal relationships between each of these executives and Sam, which could be used by the defense. All three cohabitated with Sam in a Bahamas penthouse and were some of Sam's closest friends as well as employees. To give an indication of how hostile cross -examination could become, last week a DOJ motion to prevent the defense from asking questions about recreational drug use was denied. The defense will need to provide notice to the court before asking witnesses about their drug use, but the subject was not ruled to be out of bounds. Another FTX executive who has pleaded guilty to criminal charges is Ryan Salem, who served as CEO of FTX Digital Markets. FTX Digital Markets was the operating company for the Bahamas. Now, Salem was particularly involved in the political campaign side of things for Sam and was charged with violations of campaign financing law in relation to making straw donations to politicians on Sam's direction as well as operating an unlicensed money -transmitting business. Unlike the other three, Salem is not cooperating with prosecutors as part of his plea deal, but could be called to testify as a non -cooperating witness. Alameda co -CEO Sam Trabuco has not been heard from since he stepped away from the company last August. He has not been disclosed as a witness and has not been charged at this stage. The DOJ has also flagged that they have at least two additional witnesses set to testify under a grant of immunity but have not publicly identified them at this stage. By and large, speculation about who those witnesses might be include not only Trabuco who we just mentioned, but Daniel Friedberg who served as FTX's chief compliance officer and who had formerly been implicated in a major online poker scandal, and Constance Wang who was FTX's COO and was described as Sam's right hand during fundraising efforts. Now in addition to FTX executives, the DOJ will also call multiple customers and investors to give brief testimony. Prosecutors have flagged that they will call upon retail customers who traded tens of thousands of dollars on the platform, as well as institutional clients who traded millions of dollars. The high range could imply notable industry figures will make an appearance on the witness stand. Several high profile market makers are listed as top creditors of FTX and are no doubt none too happy about their funds being locked up in the bankruptcy process. Both customers and investors are intended to present their understanding of the FTX terms of service and representations made about the use of customer funds, which could be crucial in refuting possible defenses. Which indeed brings us to that section of this primer, what are the defense strategies that Sam might try to employ? SPF's legal team have flagged a few potential arguments. In a filing on Monday, they sought clarification on a few issues they may wish to present. The filing asked whether the defense could argue that FTX International was not regulated in the US and therefore did not have to follow applicable rules. They also asked whether Sam could discuss the likelihood that creditors could see massive returns from the bankruptcy process. Still, the primary defense expected from SPF relates to instructions from legal counsel. In August, SPF's team flagged a plan to argue that he relied on advice from both in -house attorneys as well as lawyers from Fenwick and West in basically all elements of FTX's operation. Sam sought to introduce advice from lawyers on topics ranging from his use of self -deleting messages, unconventional banking relationships, and intercompany financial arrangements. The DOJ objected to this defense, claiming that not enough detail had been provided, but the judge reserved their decision on this point until later in the trial. The judge said that they would make rulings on individual advice of counsel arguments on a case -by -case basis as they come up. Outside of what indications we've gotten from Sam's team, the industry and the wider world at large have had no problem speculating about how he might defend himself as well. Bloomberg's Matt Levine paraphrased his view of a likely defense as The crypto market crashed, there was a run on the bank, and the run on the bank is what evaporated the customer's money. It was an accident, perhaps a careless accident but not theft. Certainly, in media commentary, SPF has been focused on the bank run, rather than the hole in Alameda's balance sheet as the cause of FTX's collapse. Now, of course, there are some obvious issues with that defense, particularly if witnesses establish that Alameda had effectively commandeered customer funds in contravention of the exchange's terms of service. Another plank of Sam's defense will likely be to rely on prosecutors being unable to In a New Yorker article published last month, the journalist wrote, Going back to his article, Matt Levine again sketched out a plausible way that Sam could brush off an $8 billion balance sheet hole as a careless oversight rather than willful fraud. He suggested Sam could claim he thought FTX had so much money that $8 billion was a rounding error. From Levine's back of the napkin math, at its height, FTX had somewhere approaching $100 billion in crypto assets on its books. Finally, it's also expected that Sam will seek to blame Caroline for mismanaging Alameda. The publication of excerpts from Caroline's journal was an attempt to paint her as a naive child way out of her depths, and some of Sam's leaked writings also showed a belief that Alameda had failed to hedge correctly, as if that was the main issue here. Now, one thing that's important to note is that when considering defenses, SPF does not need to prove his innocence. He only needs to introduce a shred of doubt in the minds of the jury. To convict, the 12 jurors must be convinced beyond a reasonable doubt that Sam is guilty and reach a unanimous decision. Prosecutors often fail to get their cases over the line due to being unable to entirely convince each juror of the defendant's guilt. This can be even more of a difficulty when the case involves complicated financial crime which can be difficult to fully understand. And yet, many commentators are convinced that the case is damning. Daniel C. Silva, a former prosecutor who participated in the BitConnect case, said, Now, in terms of the latest from the bankruptcy, as the trial gets underway, the FTX bankruptcy process is entering its 10th month and has had no shortage of intrigue. The current focus has been on pursuing clawbacks from people and organizations that had been, in the estimation of the bankruptcy estate, unjustly enriched by FTX. On the very top of that list are Sam's parents, Joseph Bankman and Barbara Fried. Two weeks ago, the estate sued Bankman and Fried, claiming that they had received over $26 million in gifts from FTX, including a luxury property in the Bahamas. The lawsuit alleges that Bankman was intimately involved in the operations at FTX and used his position to enrich himself. You may have seen the now -famous email where he tried to raise his salary to a million dollars by threatening to involve Sam's mother. Now, speaking of Sam's mother, Barbara Fried is alleged to have directed political donation efforts at FTX. This instructing included Sam on how to structure donations to avoid donation limits. She is also alleged to have knowledge of loans made to FTX executives, which were then used to fund election campaigns. All in all, the lawsuit alleged that the pair, quote, Now, for their part, Sam's parents immediately hit back at the lawsuit through lawyers saying, A last note on the bankruptcy, while current FTX CEO John J. Wray has no doubt been cooperating with prosecutors in providing internal documents, he is not currently expected to testify as a witness. Now, in terms of the latest trial procedural stuff and timeline, today was technically the first day of the trial with jury selection the goal. Both sides have alleged the other is attempting to bias the jury pool. The DOJ claimed that Sam's questions for the jury about effective altruism, political donations and ADHD are intended to paint him in a sympathetic light. In particular, prosecutors are concerned that asking about charitable and political donations could improperly introduce the idea that Sam's actions were justified outside of evidence. The defense, meanwhile, have complained that the DOJ are treating Sam's fraud as an established fact in their jury questioning by omitting the word allegedly. They also claim a question about being stopped or questioned by the police is intended to racially filter the jury in a manner irrelevant to the case. Last week, as I intimated before, SPF placed a last minute appeal to be released from jail for the duration of the trial. Sam's team claimed that his incarceration would be an unreasonable barrier to adequately preparing for each day's hearing. Unfortunately for him, the judge found this argument insufficiently convincing and stated that they consider Sam to be a flight risk. They said, Sam was granted some concessions to be allowed to meet with his lawyers early at the courthouse each day, as well as during jail visiting on off days. Now, while a decision is yet to be made on exactly how Sam can introduce the concept that he relied on the advice of lawyers, limits were placed on what can be said during the defense's opening arguments. Specifically, Sam's lawyers have been prohibited from mentioning any advice of counsel arguments while presenting their case. The judge ruled that this argument may confuse or prejudice a jury when presented without specifics and evidence. The trial is currently scheduled to take six weeks. Jury selection is expected to be completed by the end of today's hearing, although before I was recording this, there were some indications that it might go into tomorrow morning as well. In either case, tomorrow we will likely see the beginnings of opening arguments. After that, the prosecution will present its case and call its witnesses. The DOJ has estimated their case will take four to five weeks. The defense will then have an opportunity to present their case, which they have estimated will be much shorter, taking around a week and a half. Now, the defense is not compelled to present a case and can simply choose not to if they are confident the charges have not been proven. We don't yet have any indication of whether SPF will speak in his own defense. Traditional legal strategy suggests that defendants should never take to the witness stand to avoid giving prosecutors an opportunity to cross -examine them. However, this is no ordinary trial and SPF is no ordinary defendant. Judging from how extensively Sam has defended himself in the media, I would not be surprised if his lawyers have a tough time keeping him out of the witness box. Hearings will be held four days a week with a short break after three weeks. If the trial takes longer than six weeks, it will be extended, but the consensus seems to be that it will be all over by Thanksgiving. And won't that be something to be thankful for? Now, even if Sam escapes a guilty verdict, his legal troubles will continue well into next year. The DOJ will present additional charges related to bribery of Chinese officials, as well as political donation violations during a second criminal trial, which is scheduled for March. Sam will also face civil lawsuits from the SEC and the CFTC after the first criminal trial is concluded. Beyond that, there's still the possibilities of lawsuits from the FTX bankruptcy estate, as well as from former customers and investors. So my friends, that is the lay of the land. That is what we are going into. Like I said at the top, for me, the most interesting thing, the thing that I will be watching most closely, is actually the meta -narrative analysis around this. I want to know how much, especially mainstream media looks at this and treats this like what it is, which is Sam Bankman -Fried going on trial, versus what I fear it might become, which is the entire crypto industry being put on trial. But in any event, this truly is a scenario where the only way out is through. So get on your boots, friends, because we are getting into the muck. Until next time, be safe and take care of each other. Peace.

Daniel C. Silva Matt Levine Ryan Salem October Of 2021 Gary Wang March Andrew Ross Sorkin Barbara Fried Daniel Friedberg $80 Million December 12Th Ellison November 2Nd Cftc Ian Allison February California Gary Monday Carolyn Ellison
A highlight from The Mike and Mark Davis Daily Chat - 10/03/23

Mike Gallagher Podcast

13:59 min | 1 d ago

A highlight from The Mike and Mark Davis Daily Chat - 10/03/23

"Not just any Fleetwood Mac record, little secondhand news, first track when you put the needle down, when that little Rumors album was released, you heard this, you heard the great Lindsey Buckingham, who is 74 today. Mike, you've caught, you've caught the Mac a few times, have you not? Oh, sure, sure. Love Fleetwood Mac. What a sad, what a sad story because he's so, he's a genius. He's a total genius. And they fired him like four or five years ago. The chemistry was just terrible. He does solo tours now and does some, some Fleetwood Mac stuff, but I just hope he's just not... These stories, these stories about these guys all breaking up and fights and all that. The Eagles, of course, had an epic, epic battle. You know, who they fired, they fired, I guess, the, I mean, they had a big, the two of them, the two founders, I guess, of the Eagles. They broke up and then they came back and, you know, it's like, hey, life is short, you know? That's it. You know what it makes you think about? It makes you think about Aerosmith. Same five guys, 50 years. There you go. You got to get Steven Tyler well again because he like blasted a vocal cord. But anyway, speaking of people who've been together for a long time, here's my buddy. How are you doing? Well, I'm good. I'm just trying to make sense out of the, the rage that the establishment Republicans and the Rhinos and the squishes are exhibiting towards Matt Gaetz. Now, I, I think there's a lot of merit towards the frustration over what Gaetz is trying to do in, in ousting Kevin McCarthy personally. I think Kevin McCarthy has done a great job. I think he's, he's fine. You know, it's a tough conference. It's a tough coalition. You got to hold it together. McCarthy did a great job in helping to identify strong candidates in California and New York, in New York. And without those victories, Marc, we don't have, we don't have a Republican majority in the House. Now, we have a slim majority in the House, slim, four, four people. That's it. All right. So I want to present, and I get it, you know, this is probably giving the Democrats a lifeline. It's ceasing our momentum. This is probably not the most productive thing to happen right now to try to have this crisis over the Speaker of the House. But what the establishment types are saying in their rage, and man, are they mad. I mean, Marc, they're not agitated. They're not, they're livid. I mean, I, I heard this morning, I, I never knew Switzerland could be so angry. Man, for Switzerland, Switzerland's got the knives out in the show before yours. Geneva is on fire. Oh, my gosh, Switzerland is burning. This is a reference, of course, to the always even -handed, neutral, and presidential matters, et cetera, our buddy Hugh Hewitt, who has decided to take a couple of sides, take one side on this. Not so neutral on this issue, is he? I mean, it's just like full -blown, Gates is a clown, he's a fraud, he's a traitor, he's a this, he's a that. I saw a tweet last night that got me thinking, and this is, I think, a reasonable thing to have as part of this conversation. Has Kevin McCarthy fulfilled the promises he made in order to get elected speaker in the first place, or hasn't he? It's a reasonable thing to talk about. It was, you know, Gates and Lauren Boebert and Eli Crane and all these real, you know, sharp -elbowed Republicans got concessions from McCarthy in his bid to become speaker. Remember, I'm old enough to remember that wasn't so easy. That was not long ago. Exactly. And it wasn't that long ago. It wasn't that easy, right? Well, he promised they would pass 12 appropriations bills for a budget, in other words, fiscal responsibility in the budget. He'd give members at least 72 hours to read legislation. Now those are not, that's not onerous and that isn't crazy. So those two promises, well, both of those promises were broken this past weekend. And Gates is saying, you broke your promises and we're going to hold you accountable. Now, does he have a plan? It doesn't really sound like it to me. I don't know who you replace him with. Thank you. And it does hurt the Republican momentum we have. There are over 200 Republicans who are solidly in McCarthy's corner. But Mark, we expect some accountability. We do expect disruption. We do expect people who are warriors and fighting for what we believe in. So it just seems to me that to turn on Matt Gaetz all of a sudden and, P .S., insult the millions and millions of Americans who are rooting for him isn't very productive. Are they rooting for, first of all, your sound, sound logic throughout. Are they rooting for him in this particular tactic or they admiring the lofty standard that he has? And it may not even be all that lofty is like, hey, you made us promises to become speaker. How about keeping those promises? There's an old adage that it's possible for multiple things to be true at the same time. Here are the two things that are true at the same time. Kevin McCarthy has been a very successful, very impactful speaker and deserves a lot of conservative praise for the things he has been able to do. There's thing number one thing. Number two is he might have fudged on some of these things, seems to have fudged on some of these procedural things, and I don't say that to be dismissive of them. Some of these things that he promised the Gang of 10 or whatever they were that were that were holding him up. So in what form is this the only accountability? Is this the only way to call him out? Because all I would ask, and I'll give this back to you in the following way, is if Gaetz tactics are so great and if they are to be admired, what is the end game? What is the plan? Trump's have disruptions a plan, and it's a wonderful plan. Various other people who are disruptors, there's a place they're trying to get you to. Here's what I want to do that is specific. Here's the goal I'm trying to get to. What exactly is the Matt Gaetz end game? I don't know, and I don't know that he knows. I'm not sure he does. I would suggest, I would respectfully submit that the way to deal with these differences is behind closed doors, not to burn it all down. I mean, again, make no mistake. I don't agree with the Gaetz tactic right now. I don't want anybody to be lost on that, but I also strongly disagree with disparaging the spirit with which he's doing it. And again, savage millions and millions of Americans in the process. So listen, I guess Cal's out of the barn. He's called for the vote. The vote's going to come today or tomorrow if they oust McCarthy, which is possible because Democrats are quite capable of adding to this misery right now. Right now, Gaetz needs some Democrats. And if he gets Democrats to support him because they like to sit back and see this kind of dumpster fire, well, McCarthy's out, Mark. Is there an irony there in that Matt Gaetz needs Democrat help to oust a speaker whose worst sin is doing something with Democrat help? Yes. That's a great irony with a capital I. Great way to put it. It really is. And I heard a congressman, you know, a RINO New York congressman on Hewitt this morning and they are again, they are on fire. As you said, Geneva is burning. But this guy pointed out, well, I don't think any of the Democrats are going to want to be associated with this guy, Matt Gaetz. Don't be so sure. Strange bedfellows sometimes. Well, AOC of all people said this week, hey, we're not going to it's not up to us to bail the Republicans out of the mess they're in. Believe me, they're enjoying this. I do agree that this benefits the Democrats. I'm sorry for that. And I hate it. But I also don't like seeing, you know, somebody called a nihilist. I mean, nihilist. You know, it's like and he's anti -American and he's got his daddy's boy and daddy was the Florida. I mean, they're just attacking him personally. I mean, it's it's kind of wild. To see it. There are bigger fish to fry. I want to share with you. You mentioned earlier I was listening to you talk about the plight of the big cities. Horrible story out of Philadelphia. There was a young journalist, an LGBT journalist who was very prolific on X and social media mocking conservatives for being concerned about crime in big cities like his city of Philadelphia. And this guy was even mocking the idea of having a gun to defend yourself in your home. He was mocking and taunting Republicans for criticizing cities like Philadelphia. He loves this Jim Kenney, this sanctuary city mayor. Markie was shot and killed in his home this week. He was murdered seven times, seven bullets put in his body. And of course, the ghouls on social media are dancing on his grave and they're mocking him. Can't do that. But but you must understand that this is life or death, that things are happening in these cities. And I hate it. I hate it for his for obvious for him and for his family, his loved ones. And again, a well -known journalist in Philly, apparently in the LGBT community. But the bottom line is a day before he was murdered, he was literally, you know, poo pooing the idea that we got a crime problem in Philly, mocking the people who are trying to draw attention to the issue to make it better. And it's funny. So did you hear the two things when I was talking about the conversion of Dallas mayor Eric Johnson? He said, listen, we need Republican mayors in our big cities, so I'm going to become one. We also need to elect more of them. And that seems like a ridiculous long shot. How do you get a Republican elected in most of America's big cities? And I don't know the answer to that except to try. A lot of people don't even want to try. We have given up. We have ceded the cities to Democrats. Is that helpful? 70, 80 percent of Americans live in these big cities. Is that helpful to just give up or should we try to it's a marathon, not a sprint. It's an uphill steep climb to try to get some sensible Republican mayors who can save our cities. You spend so much time in New York. I grew up in the suburbs of D .C. I'm in Dallas and Fort Worth all the time. You're in Tampa all the time. Big cities are beautiful. There's no more beautiful city in America than San Francisco. It breaks my heart what happens out there. Should we try to save American cities or say, screw them, get buried under your own bad policies? I'm inclined to say you own it. You live with it. You've got to you inherited this. There's a great column by Douglas Murray of the New York Post called The Fall of Lululemon. How stores have surrendered to looters. He tells the story of how Lululemon fires employees who try to stop shoplifters from walking out with the high end material and merchandise from Lululemon. And a lot of stores are doing this. They're firing any of the employees. They're saying, let them go. Let them walk out. And guess what? When you when that happens, when you encourage it. I mean, it's not a sane society anymore. I mean, call us old fashioned. Law and order is an important thing. It's one thing that people want to steal, but for businesses not to mind being stolen from. Well, but I'm intrigued by the employees thing. And for those that don't know, Lululemon is high end athletic wear, mostly for for women, but not exclusively. And so there's some some an arm load is some serious cash if you're going out the front door. Thousands and thousands of dollars. What do we expect? I mean, if I'm an employee, I'd love to say, well, I'm not going to let this happen, blah, blah, blah. But sometimes these people might be armed. I mean, what these what these stores need is armed guards to prevent this, not employees trying to try and try to go vigilante. Two female Lululemon employees in Atlanta confronted three masked men who pillaged the store. All they did was call the police. Right. I mean, one of the systematically said, you know, what do we want them to do? What do we want? They did call them. They were fired. They were fired for for for OK. Pardon me. Confused host for for calling the police or for not doing more for calling the police. No, they did too much by calling the police. One of the fired employee told the Atlanta Journal Constitution, we are not supposed to get in the way. You're supposed to clear the path for whatever they're going to do. And then it's over. You scan a QR code. We're not supposed to call the police. We're not supposed to talk about it. And Douglas Murray says Lululemon isn't the only company in America that has taken this completely lax approach to its own stock. Well, guess what? Lululemon's on the verge of bankruptcy. They're going out of business. And Douglas Murray writes, you know what? I'm sorry. Count me as one who's not real sympathetic. We're in post consequences America. And this is how Congressman Henry Cuellar gets carjacked. Or it's not the specific because of this, then that because crime is going to happen. But we're going to get more of it in cities where people know they'll get away with it and know that punishment does not await them. And there is a choice that Americans get to make. Republicans are law and order. The Democrats are certainly not, no matter how mad Switzerland gets. Look at that. Look at that call back. Happy Tuesday. And the Mike Gallagher Show lies ahead. Everyone knows that putting money aside and savings is really important. But then what? Should you keep your savings locked in a CD for a higher rate or keep them liquid in a money market? Can your checking account help you save, too? Or is it about creating the right combination? We believe real banking is a conversation. Let's talk about the savings options that are right for you. Learn more at SandySpringBank .com. Member FDIC.

Jim Kenney Marc Douglas Murray Lindsey Buckingham Kevin Mccarthy Hugh Hewitt Henry Cuellar Matt Gaetz Mccarthy Steven Tyler Donald Trump Mark Seven Times California Atlanta San Francisco Eli Crane Markie Gates Lauren Boebert
A highlight from How Crypto Will Change The World

The Bitboy Crypto Podcast

03:32 min | 1 d ago

A highlight from How Crypto Will Change The World

"In case you missed it, Eric Voorhees delivered a fantastic keynote at the Permissionless Conference in Austin, Texas. He talks about why the rule of blockchain is better than the rule of law, gives the SEC direction for what they should do next, hint, get out of the effing way, and tells us why crypto devs should be given Nobel Prizes. I put together some of the best clips from his speech, so let's dive in. It's time to discover crypto. He starts with this. Raise your hand if you're here because you love banks. No hands. Crickets. Crickets, okay. We know why we're here. We're here because we don't like banks. Yes, okay, sure, Lambo's good, but all right, Eric, come on, let's get with it here. Raise your hand if you're here to get your eyeballs scanned by Worldcoin. All right, right there, he's talking about Worldcoin. I feel bad for the people who actually did scan their eyeball. Raise your hand if you're here to celebrate KYC or other forms of wholesale spying on innocent people. All right, raise your hand if you're here for a rebellion. All right, there's some hands. And that's ultimately true. I think there's a little bit of rebel in all of us. Cue the James Dean clip. You're tearing me apart. All right, this next clip, he's going to talk about how the ethos of crypto is similar to the ethos of a frontier America. And as I was working on this speech, I realized that the theme was going to match the name of the event, Permissionless. I love this name. It's one of the best words that captures the essence of our industry. It is radical. It is rebellious. It's non -compliant. It's American. This is America. It's American. You know, a kind of kid, but at the end of the day, he's ultimately right. We need to take back control because that would be the American ideal, and we have lost control of our money. All right, well, let's hear why Eric Voorhees says Bitcoin is interesting. Why was Bitcoin interesting? It interesting was because it was permissionless. Bitcoin invented permissionless money. And with the invention of smart contracts on Ethereum a few years later, we had all the tools we needed to build an entirely permissionless financial system. Permissionless financial system? I mean, what does that mean? Permissionless. They can't stop Bitcoin, and by they, I mean the big bankers. Bitcoin is bigger than them already, and they hate it. All right, now you might be saying, well, Deezy, isn't cash permissionless? Well, let's see what Eric has to say about that. You may say that cash is permissionless, but not if you're sending it across any distance. Try moving $10 ,000 across a border, and you will be swiftly reminded of the permissions that are imposed on you. No, cash is not even permissionless. And he brings up a great point right there. Cash isn't permissionless. We have it in our idea, oh, it's free, I can exchange freely, but like he says, jump on a plane with, he says, $10K. Imagine a million dollars. Imagine trying to move a billion dollars. With Bitcoin, that is possible. And all right, that sounds great and all, but how can it change the world? Consider that essentially all action in the economic sphere requires money. And in a world where most people struggle to put food on the table, the economic sphere is literally the arbiter of life or death for billions. And when he talks about arbiter, he means the people making decisions for you, sometimes against your own best interests. That's why I like crypto because it frees us from that. Most people don't have the luxury of working toward their passion. They work, they toil, they transact because they need to live.

Eric Voorhees Eric $10K $10 ,000 Deezy SEC Austin, Texas Billions Nobel Prizes Permissionless Conference Billion Dollars America ONE A Few Years Later KYC Million Dollars Worldcoin Lambo American James Dean
A highlight from Neglect of Domestic Issues: Americas Growing Concerns with Karoline Leavitt

The Financial Guys

02:41 min | 1 d ago

A highlight from Neglect of Domestic Issues: Americas Growing Concerns with Karoline Leavitt

"Donald Trump is the only candidate in America, on both sides, that cannot be bought. He is running because he loves this country, he loves this country's people, and he wants to save it from the hell that Joe Biden has put it through. Ladies and gentlemen, distinguished guests, and my fellow citizens, America's comeback now. starts right All right, welcome back Financial Guys Media Network, Mike Sbarroza, in for another exclusive interview today. I have the pleasure of having Caroline Levitt, a spokeswoman for MAGA, Inc. with me today. Caroline, thanks for joining us. Thank you so much for having me, Mike. I appreciate it. Absolutely. So if you didn't get the hint, MAGA, Inc., she is working, you know, I shouldn't say for the president, but working on the president in terms of the campaign and plugging what he does really well. Caroline, I've seen you on Newsmax, I've seen you on Fox News, a lot of different places, and you've said a lot of great things. I saw you go at it with a Ron DeSantis campaigner the other day, I liked that, that was a lot of fun. Let me just talk about a few talking points, though, about the president and issues that the left is now claiming the president has. So just this week, he was in, was it New Hampshire he was in, South Carolina it was. Yeah. And he went to a gun store and now they're saying that he violated his legal obligations, he went and bought a gun. From everybody that was there said that was not true. Your thoughts on the left now saying he should be put in jail for buying a firearm. Honestly, it's completely unsurprising at this point. They will do and say anything that they possibly can to try and attack President Trump. He was visiting a small business, visiting a gun store in the great state of South Carolina. The owners there are big supporters of his, and they had gifted him a Glock that was ingrained with Trump 45. And then the Democrats, you know, absolutely went ballistic in trying to say that he was violating laws. And it's just ridiculous. This is how, this is what they do. They go after President Trump for absolutely everything, but then they turn a blind eye to the real crimes committed by their own party, namely Joe Biden and his son Hunter Biden, who almost evaded charges on a federal gun violation, which he's now facing an indictment for with an attorney that was handpicked by Merrick Garland, who's from Biden's home state. So the corruption goes on and on and the Democrat side of the media says nothing, but they're constantly attacking the former president. Voters see right through this crap, really doesn't matter. You'll see that in the polls shortly.

Caroline Joe Biden Donald Trump Caroline Levitt Hunter Biden Mike Mike Sbarroza Financial Guys Media Network Biden New Hampshire Maga, Inc. America South Carolina Ron Desantis This Week Both Sides Today Democrat Newsmax President Trump
A highlight from 1274. Shutdown Delayed, Uptober Begins | Crypto Market Outlook

Tech Path Crypto

09:48 min | 1 d ago

A highlight from 1274. Shutdown Delayed, Uptober Begins | Crypto Market Outlook

"All right, so here we are. It is October, October. You get the message here. We're going to dive into that today and find out if Bitcoin and some of these great crypto assets are actually on the move or we're going to get a correction here. We'll break it all down for you guys today. My name is Paul Bearer and welcome back in to Tech Path. All right, let's jump into it. Before we get started, let's go over to iTrust Capital. If you guys are looking at doing some long -term holding on your crypto assets, one of the ways you can do it is through a crypto IRA. So check it out right here, itrustcapital .com. It's the number one crypto IRA platform in America right now, $7 billion in transactions, 200 ,000 accounts created. Definitely, they are killing it over there. Use our link down below. It's going to give you a $100 funding reward. And of course, we get a little help from iTrust to help you guys continue to see this content for free. So that's one of the ways you can help us out. All right, let's get into a couple of the notes today and really kind of talk about where and what has been happening over the weekend. Obviously, Bitcoin's been up. Most of the top 20 have been up. And for the most part, we've even seen some of the Web3 projects also get some good positive action. So what's causing that? Obviously, the biggest issue was the, I guess, the scenario that played out right now over the weekend where we actually came to an agreement, somewhat of an agreement, to not shut the government down, which is always helpful. Kobe Easey comes in and says, breaking Senate vote approved the short -term funding bill to keep the U .S. government open till November 17th. Not bad, 45 days away. This bill includes $16 billion in disaster funding and keeps the U .S. government open for 45 more days. The U .S. government is seeing a new crisis every month now. What's going to happen in 45? I think that's the big question right now everybody's asking is, do we see maybe the month of October as our correction month? And then we have to kind of go into a realization that we're back to where we started. Love to get you guys' feedback on that. What do you think is going to happen here in the month of October? Drop some comments down below. Make sure and smash the like button because it does help us get into the algorithms and help other people kind of explore what's happening in the market. Let's listen to what Mr. Chuck Schumer had to say about this. Let's play this clip for you guys. It's been a day full of twists and turns, but the American people can breathe a sigh of relief. There will be no government shutdown. Democrats have said from the start that the only solution for avoiding a shutdown is bipartisanship. And we're glad that Speaker McCarthy has finally heeded our message. In the end, more Democrats supported this bill in the House than Republicans, proving bipartisanship was the best answer all along. I want to thank my colleagues here in the Senate, especially our appropriators, yourself, Madam President Susan Collins and Leader McConnell. Our bipartisan work in the Senate set the tone for the bill we're about to pass. Our bipartisanship made this possible and showed the House that they had to act. All right. So you saw a couple of things here with Schumer, and that is the whole scenario around the bipartisan approach. A lot of Dems had to come into play on this. Obviously, the Republicans were the ones that were seemingly holding a lot of this back. Now you even have Gaetz really pushing hard against McCarthy, trying to dispose him as the speaker. There's a lot happening there, and it's going to continue to push forward into next month when all of this has to go right back to the drawing board and redo this. So this could get a little up and down. And especially I'm concerned with November because of the scenarios that we will see in both the jobs numbers, the Q4 will start to play out in the sense that we'll start to see what's happening in the markets itself. And it could be a very bad timing for this to occur again. So hopefully this all gets corrected and playing into it. Let's listen to what Squawk Box had to say about this and the impact it might have on the markets. Listen in. Joining us now is Jared Bernstein. He is the chair of the President's Council of Economic Advisers. And Jared, let's talk about this. We have a deal that nobody really expected we'd see. So we made it through this weekend. But what happens in the next 45 days? Well, first of all, good to see you, Becky. This is good news for the American people in the sense that an unnecessary crisis that would have inflicted pretty deep and wholly unnecessary pain on millions of Americans has been averted. That's good news for over 1 million active duty troops, for over 7 million women and kids who risked lacking nutritional support for travelers because of the reauthorization in this bill of the FAA and disaster relief that was also in this continuing resolution. But it did not have to happen. I think what you just played from the president is, of course, exactly right. He shook hands. He had a deal. In fact, there was a law passed with McCarthy back in in June, in early June at the end of the debt ceiling debate that was designed specifically to avoid this Senate. All right. So, you know, they kind of take doing their victory lap, even though I think it's a little bit premature. But the point is, is that there was a huge economic disaster that was averted. So I think that's the positive news. Obviously, the markets responded in such ways that have helped adjust for that as well. But that's not necessarily all of it. We've also seen some other implications coming across from external resources out there in the markets that have caused a little bit of this movement. I think the question everybody's asking now is, is Bitcoin going to continue higher or are we going to start to see Ethereum start to adjust now? Do we see some of the projects like Solana, Avalanche, etc. start to really fly? We'll break into all of those. So don't miss those. We'll look at some charts for you guys as well. I want to go over to a couple of stories here. Why Bitcoin prices up today? A couple of points that were hit on here. US shut down a version, obviously, and also the ETF launches. Now, that is the opportunity. Because remember, Ethereum ETF launches today. And the other idea around this is that when you look at not only the Bitcoin opportunity for ETFs, by the way, if you're not following our market sentiment indicator, you guys should because we are tracking both the Bitcoin and the ETF, the spot ETF sentiment as a whole. It's interesting to see that sentiment kind of go up and down. But the point that they're hitting on in this article is that October is historically one of Bitcoin's best months and is often called October, named in today's video. Bitcoin's October overall. You can kind of see the rundown right there. That green line right there, as you can kind of see where I'm waving my cursor, almost all green over the years going all the way back to 2013. So not bad. Nearly 43 million worth of shorts were liquidated. That's another scenario that plays into that. And of course, I think when you look at the general move with what Bitcoin had to do, I think this is going to be an interesting week ahead of us. Now, there's a lot more that could be happening this week that could still maintain Bitcoin around the $27K to $28K range. That will be a very, very interesting thing to watch because if Bitcoin starts to edge toward around $28K, this is where it's going to get interesting for the future. All right. A couple of things I want to hit on. Right here is Ben Cowen talking about lucky number seven. First green September for Bitcoin in seven years. That's a good sign. But is it a short -lived sign? That's, I think, is really the scenario that plays into this. Sellers have lost momentum. Buyers are now in charge. Target is near the top of the range right now. If it breaks this range that we've been talking about, which I'll show you the chart here in a second, that Bitcoin has been moving to. If you look at just here on the daily, right there is that little high right there around $25 .73 and a little bit. And then, of course, the red candle started to point its way down on the hourly on Bitcoin's move over the last $24. So interesting moves for sure. How are you guys playing this? Is this a zone? Because this has been up and down on the sentiment charts for us. We still see sentiment somewhat waffling with Bitcoin. Not necessarily as much with Ethereum, but definitely with Bitcoin. But the real question is can we hold around this $28K mark, which is where we're hovering right about now. All right. Other things. China's central bank continues to stimulate. So reverse repo injections now at levels not seen since 2020. This is another factor that plays into it. China is starting to inject liquidity. This, of course, causes movements in the markets. It also causes some ripples in the markets as well, because I think China is going to be one that we have to continue to be cautious about in the sense of awareness of what's happening in China, both from a real estate standpoint, but also just from their GDP and their economic growth. Those are the other things that play into this. A couple of reports from Chain Analysis that are kind of interesting here. I thought this would be larger, and it's not. But right now, eastern Asia, fifth most active crypto market accounting for 8 .8 % of global crypto activity. And this is July 22 through June 23. So it kind of gives you a little bit of insight to that. Point is that you do have a significant amount of the market that is in control. Remember, the United States still has a large percentage of what is happening around the world in crypto markets, ironically, without legislation. Can you imagine what is going to happen with legislation and institutional adoption really kind of playing forward? That's where it's going to get super. I think that's when we're going to start to see some big market moves overall.

Jared Jared Bernstein $100 July 22 $7 Billion Paul Bearer $27K America Chuck Schumer $16 Billion Becky 8 .8 % Ben Cowen November June Itrust Capital $28K October 45 More Days June 23
A highlight from When AI and Genomics Collide

a16z

03:23 min | 1 d ago

A highlight from When AI and Genomics Collide

"We built a language model for biology. The big problem in biology is that biology is hard. Biology is really hard. Biology is very hard. So why are you doing it? What is the big win? I mean, all of it is an AI -enabled architecture. Every part of our technology stack is intrinsically AI -enabled. Where do you think this confluence between AI and life sciences goes from here? There's so very few people who actually have the language of both disciplines and are able to bring them together. If you are a listener to this podcast, you're probably familiar with Moore's Law, where the number of transistors on an integrated circuit has doubled every two years. But what you might not know is the cost of sequencing the genome has fallen even faster. Since the Human Genome Project in 2003, the cost has fallen from about $1 billion to less than $1 ,000 today. And now, in 2023, these two trends meet, and one of the people at this fascinating intersection is Daphne Koller. Daphne, longtime professor in computer science at Stanford and co -founder of Coursera, has decided to step back into the arena with her company, In -Sitro, right at this intersection of computation and biology. In fact, the name is even a nod to this intersection, as a blend of in silico and in vitro. And in today's episode, you'll get to hear A16Z Bio and Health general partner Vijay Pandey speak with Daphne about the why now, but also how machine learning is fundamentally changing our ability to understand genetics. Without machine learning, without AI, the space would be so complex and so high dimensional that you couldn't even make sense of it, far less bridge between those two different worlds. So what can this unlock? We can now finally, for the first time, measure biology at scale. And this is like a truly engineered approach to discovery. Listen in to get a glimpse into what may be a new era of digital biology, and how this AI wave is really not just a moment of opportunity in bits, but also atoms. The next frontier of the impact that AI can have is when AI starts to touch the physical world. I think this convergence is a moment in time for us to make a really big difference using tools that exist today that did not exist even five years ago. This episode also continues our coverage of A16Z's exclusive AI Revolution event from just a few weeks ago, which housed some of the most influential builders across the ecosystem, including the founders of OpenAI, Anthropic, Character AI, Roblox, and more. So be sure to check out the full package, including all of the talks in full, at a16z .com slash AI Revolution. As a reminder, the content here is for informational purposes only, should not be taken as legal, business, tax, or investment advice, or be used to evaluate any investment or security, and is not directed at any investors or potential investors in any A16Z fund. Please note that A16Z and its affiliates may also maintain investments in the companies discussed in this podcast. For more details, including a link to our investments, please see a16z .com slash disclosures.

Vijay Pandey Daphne Koller Daphne 2003 2023 Less Than $1 ,000 About $1 Billion Both Disciplines Five Years Ago Coursera First Time ONE Today A16z .Com Ai Revolution Moore's Law Two Different Worlds Openai Two Trends Stanford
"law" Discussed on The KiddChris Show

The KiddChris Show

13:49 min | 2 years ago

"law" Discussed on The KiddChris Show

"Stuff now. I don't know if you've noticed or not but Meet meet you're not a fan of Of calls that a wall or no calls county absolute dumpster fire every every friday. Yes and because of that. You're off tomorrow. Thank god yes. I'm not dealing with this. You can have all of that because every time you pick up the phone. And i i don't know what's going on the radio and i gotta be honest because it's wide open phones and some people could call and say anything. We don't know what you're calling about. And i'm like well okay. I like it. Because i could deal with it and you hate it so you take that day off. It's a mental health day. Yes that tomorrow alley. Martin is filling. In and i'm like this isn't a good idea to have open phones. Alley telling you where she got hammered and fuel he calls from guys that are just. Let me see your fee so great. There's a nice little commercial for tomorrow's broadcast on. You're gonna have so much fun and lawsuits tomorrow. Here on the kid chris show. Please be respectful for our friend. Allie whatever you do don't call up and yet feel like a fool for showing up right. Don't say hey. I want to see your feet. I don't know if i can deal with her. Just say you know you calling. And then she's taken off closes. I i can't okay just to please. Don't she really loves it when you call and say damn you're tall. She's never heard no. That's a way if you wanna get with her matter. Here's the wolfpack annoying people. This is always funny where they used. Clips of schrimm. Let jason jason. Welcome to the triple h morning show. Jason what do you think. What do you think i'm gonna be tired. I'm not gonna do that. You gotta be out of your mind. Say he was going into some craziness. I'm not doing that this morning. That's a i mean you hear that voice. All the time shown them right. Yeah we never see. When's the last time you saw him. It's been over a year for a year. Way over your. I did see him that much anyways in afternoons obviously but i can't even picked up when the last time like three hundred pounds. Are you three hundred pounds showroom. Good morning guys. No i am not. I'm still a scrawny little one fifty one. I would think you're one. You're not one it or not. I am so i did it. That's one thing that i did gain a little weight during this This past year. Just a smidge. I know but i gained about between five pounds. Roughly i i just did during that aerosmith saw. Yeah well i. I know i haven't seen you guys in a long time but man you know i hear you all the time. Obviously and stay in touch. He's off This are you out of town you home. Yeah you know what. I'm actually on vacation and believe it or not your jaws drop to the floor and i tell you this i'm in florida. Oh wow evolve. Yeah because consumers. That is the one thing the last time i think we of the last time we talked to showroom is right at the beginning of the pandemic and we're making fun of him like dude. You're so at such paranoia such paranoia guys israel and then all of a sudden yeah the entire world shut down room was right right just like tracks tell you. This is the first light. This is the longest distance. I've gone with my family. You know throughout this whole pandemic and you know being in florida you know we. We drove here. I don't. I don't fly on airplanes right now. I wanna do that personally. It's just me. But i'm just kind of everything. Yeah true that's true. And i've always been somewhat of a germaphobe. Those don't know. Dude i have. I have a portable potty porta potty in my pacifica that we drive and i refused my family and i will not go into public restaurants. So all right you have body in your car then you immediately dispose of it. Wash it out like what's the process there. Yeah yeah well. We know. I'm able to know this is like a legit body man. I mean you could take a massive dumping it. if you on it feels it off. I mean it's it's it's a legit thing. Eighty the smell them which off audie. You're doing that in front of your kids and your wife now. yeah well. I do know this this this van. We We got the these curtains you put in the back. It's great man honest to god. Even i wish i had this pre pandemic and post pandemic. they'll probably still want to have brits. do we. Were able to drive straight to florida not even enter a public indoor space. I mean it's just awesome. True of sure. He was like so excited. He's gotta poop very excited at our age when you poop. It's a good thing. Wow now sure but you're gonna have your did your kids. They home school. They get to continue to do that now. Look my wife and i. This is the toughest decision that we have ever had to make in our lives and Lakota school district for our kids. Go to school. They gave us a at the beginning of april. We had to decide for this upcoming season. Do you wanna watch your kids into virtual learning option. Which i'm thankful they are offering again or do you want to lock him into going back to school. When you made the decision you couldn't go back on it and we decided i don't want to do this but we're doing virtual learning option again. We're gonna home school. Our kids another full year and it sure it's painful to me. I want my kids to go to school. I believe in in prison education. But i also believe that this pandemic is far from over and so i'm going to continue to do what i feel necessary for myself to keep my family safe plain and simple and you guys died so wait a minute so see. This is where we always gotta goof. I'm unsure is but you're going to be like out at foo fighters and all this stuff true. That's a good point to be honest with stuff. I don't wanna do well. Here's here's where i draw the line. Okay i it's outdoors. You know. I believe in and being outdoors around people. If i'm close. I will wear a mask outdoors regardless in fighter. I plan to worrying amass that entire. Take it off. that's me so i don't care what people think. I'm gonna wear a mask because we're than likely people are going to get. You know to close. I don't know whether they're vaccinated blah blah blah vaccinated. Yeah all about well my kids all i share not vaccinated yet. They can vaccinate. I'm and the the risk of getting seriously. Ill is low but you know i don't know i just don't want to also i don't want to continue to spread it just because you're vaccinated. You could still spread and obvious about spreading. But the kids thing okay. You know the The food fighters just had like a scare a covert scare in their camp and they cancelled the show. What was that last night. Yeah or the seven teams on the nineteenth. I think forum in los angeles all that wouldn't it that would be so cincinnati to be excited to the fighters coming and then they go now. I know i saw that and thought. Oh god here you right. I mean like i said that's an outdoor qods or feel good about it being outdoors. You know. we've gone to the beach here. i'm in i'm in. I'm in bradenton right now. So i'm like really close to anna. Maria island is true are is anyone else allowed to use your party. That is in your vehicle neighbors. No no no no just my wife and kids. I don't know if i could be driving knowing. My wife is dropping diablo. Yeah yeah. I get that. It's not for everybody. It is awesome when it comes to the i mean. Let's be honest you know i. I'm reading the fact of going back into a concert bathroom like you know. Excessively guys wrestlers over the freaking. You're walking in. And i don't even know time i wanna go into a public restroom will ever be again like i don't blame you. Well here's the thing like we tell everybody else do what you wanna do. Your family roles. Were not judging. You not sure you ever gonna come back to the radio station. I wouldn't i would love to. Yeah i would. I definitely you know but at the same time i i you know. My biggest fear is being indoors and unmasked that i think is concern even though unvaccinated. It's funny because you know goof on here the we go the way. Technology is now. This thing has made it where you sure you could have done your show from the porta. Potty in florida you know. That's probably next. I probably should drop to seven. That's what is funny. I mean the cats out of the bag. I mean you've made it before. Sure i've been doing my radio show from home over the past year. Honest you're listening to hide about doing your show from who carry. A lot of people are working. Sure i'm thankful i'm able to do that. I mean you know whatever. And i feel like i you know it's not for everybody. I get that i wouldn't push you know. It's it should be an individual decision. You can do it whether you can manage to do it. Successfully and for me and i feel more focused at home. You can just you know. I got my own space in my basement. My own studio built seven years ago little. I know that someday it was going to help me in the middle of a frigging pandemic bomb shelter for human bomb shelter. It's the world the bombs prick. I am looking forward to seeing you guys at the foo fighters concert and like i said i am a little nervous about it. Sure i certainly am. But i only in mass. You know if you if you if you go to fighters you'll know which one is true. He looks like johnny knoxville. Or the the the The the guy from toy story except from story but he'll have a mask on. My hair is a lot longer though. You might not even recognize. Now i'm gonna have had on more than likely i maybe even abandoned kinda hold it back my hair. My wife's been here and she does a great job. But i haven't got a legit. I none of my family. My kids all my wife. We haven't had a haircut and you know this whole time. More sixteen months about manscaping. Do you have like a big bush out. That i take care of on my own pictures approving keep things cleaned up out. I want to send me a picture. I want to tweet out. Shrooms bush. god okay. Yeah people wanna see all right. Well sure we have. We wanted to check in with a man. I didn't even glad you came on. We have talked to him in forever. Yeah yeah but he's right here. He's still lives here obviously. And but you're doing a show from home but he will be out. I know you're broadcasting for more line house right I hope not but logger house though. Don't get me wrong. no. I love nothing against my logger out so that might say that. I just made it out like if i'm outside. I'm hoping i haven't actually heard. It's been a bit since i talk to the boss. I know that we are dealing with more. If you don't wanna come will broadcast i. i'm. I know. I'm going to be doing stage announcements. I know that's what i was. I might last. I had heard before vacation. I'm going to be doing some stage announcements there at the Behind more light lager talking about. Yeah just freaked everybody out. Yeah all right. Well this one. We'll see at the show all right man all right. Well i will see you. There have fun with your vacation stuff in the family. I tell you tell your your your your eleven wife. She is a babe how cheer he must be drugging her. She's she is beautiful troops -gratulations go be the family all right. Thanks guys that everybody had talked to him in a long time. That wasn't going to be our special guests on the show. I promoted that we're going to have a special guest on today. That guest in show up was supposed to be here five But court he was supposed to come by. She's in town and all week. She's been going coming in yup coming in not answering. Texts noah calls so. I hope everything's okay with that. That's i worry about the most. If not then i'm gonna be pissed anyhow. But she was supposed to come by. But whatever you know Tonight make sure you join me club. Chris every thursday night. Seven p m eastern live from my house Go on we just drink survivors in Have some fun take your calls and all that so make sure you check that out every thursday to kid chris dot tv two ds dot tv is where you see the all the archives this stuff and when i go live on the kid quiz show again one video of smacking it left and right in the bathroom. Yeah but that's just guys being hot week off the kid ratio..

schrimm jason jason florida Lakota school district Allie aerosmith paranoia Martin Jason chris Maria island israel bradenton Shrooms bush cincinnati anna johnny knoxville los angeles
"law" Discussed on The KiddChris Show

The KiddChris Show

07:04 min | 2 years ago

"law" Discussed on The KiddChris Show

"An argument. You have when you've been married twenty eight years exactly not out of the game now see. Here's the thing. Does it make it makes. You wonder when something like that happens. Pending on him but does do they go after the cops are called. Whatever did they go. This is great. You know what you did. And then you're gonna have to take the fall for this or i'm done. I mean i don't know that me. She hit him in the face. Now out of all the ways. This could have gone south but he wouldn't call the cops on that he always said he called the security officer said he wanted her out of the room. So if you're white. I've hit you in the face after you give her a jain ormuz engagement ring real well. Then he's got to eat that he's gonna clear head to say she's got to go. I have a career. she's gonna get. Yeah what do we say. Protect the money. The money will not fight with you know the money will not argue with. The money will go wherever you want to go. Yeah it's not gonna go well. Hey i'm money where do you wanna go. I don't know. do you wanna go money. You tell me. I don't know let's go here. I don't know if i want that. The money's i dog. I'm up for it man. You wanna do you think she's gonna wake up and with the asari apology coming. Just text messages and calls. Oh that sucks. Because he he got he got a hefty contract when he got into the nfl. So yeah there's a picture of them. Kissing and congratulations to her for c. T. that could cause a concussion. I mean yeah there. You got a great show. Thank you the great ask. We liked that he bogus talking about johns. I don't know what that is. You're on the air this open topic. Talk about anything within reason Yes our just curious. What what you think about the new budget planned and and how it will affect In the economy and the next few years make a difference. I mean they get it. They've been saying they're going to balance the budget for fifty years and i've been balanced. Don't you get a check. They did work at a new agreement and gingrich himself that he would The pinecone up. Here i wanted to ask you. Somebody touched on it earlier and they had talked about the woman that bill clinton had nominated for surgeon general. The one who is thinking about teaching masturbation in schools. But i wanted to ask you what you thought about something like that bringing the truth out. It's ugly oh head and everything will be all right after yes. i mean. there shouldn't be any shame. I mean like you would sit earlier. We all do it. There's no shame and now doing it now off contract. The official website is kid. Chris dot com ca. I love public access all that stuff. I get to meet people semi public access shows. That's the beauty of youtube man. Because he sat to live in the city that had the public access. Now you can just go online and watch those people. i'm just so happy that people As like when they're growing up they were doing the same thing as me. Prank calling radio shows and public access tv. It's just so good. I'm forty seven years old and i think it's still funny. You'd never know ever phone. Number is five one three eight one. Three seven nine seven nine. Great voicemails coming in. You know when we're not on the air the phone number You know five one three eight one. Three seven nine seven nine. it goes to To the voice mail. And i think it's cool to hear your take on stuff and all that prefer free call live and talk to us. It's more fun but we get a lot of voicemails. Chris san antonio isn't it. Hey man just calling to show appreciation boy. I appreciate you podcast for everyone. Taking time out of your life to do that. Love the show. Yes okay that's cool. I'm so jaded. And i sit there and listen to these okay out. Where's the joke. And then when it ends on my He'll call back. Yeah forgot to tell you how your fat chris. I didn't give me back in high school. But if you could go back and with either mask face girl jill or brenda. Which would you choose. And why i love. I love you to question. Okay so now explain what. These dame's that That we bring up on the show because they're the ones that most affect i mean. Brenda was someone. I That was the first girl was ever with okay and Yeah was into her big time. And then there's a jill. I was really into jill. Jill brenda were friends. At one point. I dated joe first and then we never did anything but she did with another cheated on me with my fat friend rob. He had big ears. No he had a snuggle tooth to was it. Didn't fill finish growing you. Groping a carnival kind of its jitney. New york gel was the other one. But that was joel. Then brennan what did you say. Oh kathy. Cathy was the mask face girl. He was the one that i dated. I was still a virgin. I dated her and she cheated on me with doug who had the big year years he was at a party and it was on the front lawn and how i didn't know any of this happened until i got the school i was going to say so. She didn't even try to hide it. No that's how. How devastating is that you go to school and you find out your girlfriend. Bank some guy on the long along already. I wasn't in the bet wolf. No wonder yeah but you know everybody is so nice that i when we talked about that on the radio the first time here and i showed these guys What the time. There were people that worked here but it was Everybody crowded around the computer and so she looked like and i think it was dubs at said. She looked like rocky dennis from mask. The big face girl. Yes and it really think that was appropriate. The question which one so which would probably be jill. Jill was and yeah it would probably be her call up. Sure she'd be happy to know Through the years we've tried to have her on and she would just hang up when asked to come on Which you know okay. Look maybe she's just not over yet. I up there is. Some time will quickly. What's up Nothing much just calling from y'all from work. But i was also looking to make a request if possible. Honor seen metallica.

asari Chris san antonio jill johns gingrich bill clinton Jill brenda nfl joe first youtube Chris brenda Brenda chris brennan Cathy rob joel kathy rocky dennis
"law" Discussed on PR & Law

PR & Law

03:47 min | 2 years ago

"law" Discussed on PR & Law

"And there are about seven or eight things wrong with this chart and it's funny because if you take a look at some of the comments on twitter it is hilarious because the longer you look at this thing more problems you will find with it and nobody has any idea what it's actually trying to say. And i and i wanna post this for people just so they can have a look at it give it some thought and this is why you need people who understand this stuff and will look over something before it. Hits the airwaves to me. This just screams of you know interns rushing around in the in the background. Cnn and this somehow getting thrown up on the screen. It's remarkable really. I'm just looking at it now. Seems this it's like a joke but it's likely joke you look at first you go okay and then you keep looking go but this and then you get more and more questions when you look at it. I honestly don't know what it's saying to me but there you go. Yeah it starts in twenty twenty one finishes and we're i. Wow okay yep cool. Yeah it's great. It's a funny one so there you go something light to To begin the week good we we'd be on our show again. We sure do you anything else. You wanna say before we we wrap up number sixty two no cam other than i understand that that coded thing going on at the scotiabank centre has cracked twenty six thousand twenty. Six thousand watt amazing. I. it is absolutely fantastic. News i think I think we need to do whatever you guys are doing. At scotiabank be replicated across the world particularly in brazil in the places like that Good sign yeah. I feel like there's a bad leafs joke in here. Somewhere their inability to win. But we're we're i don't know montreal. Sleep joker somewhere on the stanley cup. Final it's going to be. Yes the canadian team off to the stanley cup. Why yes we should be talking about that. I tastic news first time so wants to. The canadian team has been the sound like a final I think tampa is going to win it in four or five games. But i am cheering for montreal. Well that's what everybody said. In every series i know had so far they. They are on camera the worst team to make the playoffs and like one hundred years because they finished eighteenth in points which is way beyond what the playoff bars supposed to be. And now they're in the stanley cup. Final credible yeah. So thanks again this week. for joining us. We've got some pretty Pretty interesting plans for the show. Coming up so definitely subscribe to us on the newsletter at pr law podcasts. Dot club Check us out on social media as well Twitter instagram linked him at facebook for on those channels and find out when new shows are coming out. You can find out how you can participate on the show as well so for you in christie cabinet. Virtually layup this has been the pr law. podcast with. And you in christie's if you enjoyed the show. Please share with a friend or leave a review. You can also join on lincoln twitter instagram and facebook by following our accounts. Pr law podcast. That's all one word. L. e. w. podcast. Thanks for your support..

brazil four Twitter eighteenth twitter stanley cup instagram facebook five games twenty scotiabank one hundred years this week eight twenty six thousand first time scotiabank centre Six thousand canadian about seven
"law" Discussed on UnCommon Law

UnCommon Law

07:55 min | 2 years ago

"law" Discussed on UnCommon Law

"The legal industry remains one of the least diverse professions in america. It's now been over a year since. George floyd murder and the wave of soul-searching that followed and still sixteen of the nation's largest law firms. Nine of which are on the am law two hundred. According to a report from the american lawyer with that in mind we decided to put together an extended cut of my january interview. With former attorney general eric holder now a partner with the washington. Dc based firm covington and burling. The interview was part of our black lawyer. Speak series which is still available. Just search for uncommon law. Wherever you get your podcasts. Thank you and now my interview with eric holder. A as i said before the majority of this podcast series has been focused on issues of diversity and inclusion as they relate to big law firms or the recruitment pipeline but is diversity also topic for the judiciary. And how would you say it's similar or different to what's going on at firms. Well i think diversity is always a good thing. I think that's one of the strengths of our nation. We are truly a nation of immigrants. I think we've tended to forget that. So are immigrant past. I think is a strength and it is the foundation for the diverse present in the diverse future that i think we should have if you take america and all of its constituent parts and involve people from different backgrounds from diverse backgrounds whether racial gender geographic. You end up with the best efforts. You you you end up with the best of who we are as a nation and so it matters not only four when you see inc's Did you see in the military it also matters in all facets of our life and i think that is true of the judicial branch judicial branches. Well at the firm level. I think this issue often gets folded into a business case model. We can provide a better service for clients if we assemble diverse teens. Is that the right way to frame the issue for the judiciary as well. That diverse benches can produce better legal opinions or results. Or are there other reasons. Yeah i think people you know judges are supposed to decide things only on the basis of the facts and the law but we'd be naive to believe that people don't bring their life experiences to the job. I was a judge for for five years. And i dare say that my experiences as an african american man gave me slightly different perspectives than some of my My white colleagues. And i think that that's a good thing to have a variety of people from different backgrounds. Different life experiences. You know you really pretty solitary life. As a judge people tend to think will join only deciding cases the basis of the facts and the evidence in front of him or her. But the reality is that Judges interact with one another in. We used to at the dc superior. Court where i was a judge. We had a lunch room and that was a great meeting. Place for judges and judges could only sit with judges a designated table and we would frequently talk about cases that we were considering it was really interesting to hear the different perspectives. That different judges had presented with the same facts understanding what the law actually was and the different ways in which they would view a case. And so i think. In those interactions people sensitized to different views sensitized to different life experiences and i think it made us better made. It made us better judges than if we were all. You know from a very homogeneous background. And so i think there is always value to be found in diversity and i don't think that's a political statement. I think we've tended to politicize something that i think we can scientifically prove. It certainly helps in business. I have to think that when it comes to decision making on the bench. Just as i found with regard to decision making in the executive branch Having a diverse set of people around me to to share their views to share their recommendations made me a better decision maker. Both as attorney general. I think as a judge over the last four years. The trump administration has moved with remarkable speed to appoint judges the last count. I saw was one hundred and seventy four district court confirmations. Fifty four appeals court judges and of course three supreme court justices many progressive groups have also noted that the judges also stand out for their overall lack of diversity at the district court level. Only seventeen percent were non white which compares to thirty seven percent under your old boss. President obama and the appeals court level. Trump made fifty four appointments without a single black judge. The first the first president since nixon to do that so i just wonder how would you rate the track record of the trump administration here. Well you know we were on an arc Starting at the end of the reagan administration until the beginning of the trump administration. The federal bench was becoming more diverse. If you look at the appointments that trump made they are eighty-five percent white. Seventy six percent men it's You know the least diverse group of federal judges appointments of to federal judgeships until since Ronald reagan trump's appointments have made the federal judiciary less diverse at a time when the nation is becoming more diverse We're on track now while. Say you know america's going to be will not have a white majority by two thousand fifty nails moved. I think to twenty forty-three increased numbers of people of color. The courts don't have their chief weapon. The thing that makes courts effective is their perception of them being legitimate by the population the courts and studies have shown that people tend to believe in institutions in companies that reflect their world and again this is a nation that is increasingly becoming more diverse. There's becoming more brown and to have an administration kind of almost run counter to these demographic changes these demographic trends which are inevitable. Kind of almost like you know. These are going to happen. To kind of try to turn the clock back potentially rob's courts of that that legitimacy the courts now are aside from the military among the most trusted institutions in our in our society. And you put it risk you put at risk that that sense of legitimacy if people look at the courts and see judges that don't reflect what what the nation looks like. you know. it doesn't mean that you have to have precise numbers that actually totally reflect that which the way in which the nation is constructed but some sense that they are roughly in tune will be something that will As i said keep the courts as as being legitimate. You mentioned President reagan who appointed you to the dc superior court. of course. Everyone remembers ronald reagan for his supreme court appointments the first female justice the first italian american justice which was actually a big deal at the time. But when you look at his two terms in total that also wasn't a very diverse group of judges. So i wonder what.

america Trump five years ronald reagan two terms George thirty seven percent Seventy six percent sixteen two hundred Ronald reagan fifty four appointments Nine january President twenty forty-three italian reagan first eighty-five percent
"law" Discussed on PR & Law

PR & Law

03:22 min | 2 years ago

"law" Discussed on PR & Law

"Good days sir. Good day cameron. How are ya not bad. You know you. And i We've talked about hong kong a few times on this podcast but over the last few days we saw any hint of democracy. Die here again. It's weird being in a city where rights are taken away but beijing passed a law unilaterally and it restricted Here to the degree that if you want to run for the legislative council you need beijing's okay to even put your name on the ballot so how it's over. Wow yeah wow cheery note. Open the show. Well yeah i mean like i mean what do you what do you do with that. I mean you go from there. Yeah yeah yeah i mean. We knew this was coming because they did announce it a couple of months ago. Exactly what the new elections. We're going to look like the. I mean before before you could put yourself on the ballot with enough signatures right just like any other any other election in other countries but those protests from two thousand nineteen. I think a number one spooked beijing. They didn't have control of the city and number two enraged beijing. And you can say now that they have a good good hold on what's happening here. That's for sure if they're definitely definitely in charge. What's happening there. You and i assume it's a little a little little more optimistic in canada. Well yeah i think so. We were certainly dealing with anything Quite quite severe better there too. I heard the numbers going down. Hey yeah it is. We're we're we're vaccinating like crazy here. Cameron which is which is good news. i i saw another human being somebody outside of my bubble today on the i. I'm in actually over a year since we we've seen each other Which was very very cool distanced of course but Yeah works lowly but surely getting back to normal but we're we're dealing with the same stuff everybody else's dealing with in terms of new variants coming in and You know how that impacts people have only had one one dose because most canadians still have only had one shot. So you know it's not like we're out of the woods by any stretch immagination. It's really good over here. I mean we've had zero cases on many days now and so it's mostly i mean. People are feeling very optimistic now. Everywhere is packed. The restaurants are full. The bars are full again. again not that they were ever empty because we never had them closed. But it's just a a really good spot. And i think there has been a shift though. Un because obviously in north america and europe the vaccination rate is pretty pretty high and the case loads are coming down but it's the asian regions that have really started to have some problems and that includes taiwan for instance. They've had a huge spike and their first one really They're dealing with it now. become a major problem there. Yeah i saw something about it the other day and of course it caught my eye just because i mean really that is the example that the global community has turned to right. Just the remarkable job that they've done since.

north america europe canada one shot asian today taiwan zero cases cameron first one Cameron hong kong over a year couple of months ago one one dose two thousand nineteen canadians beijing one last
"law" Discussed on PR & Law

PR & Law

05:05 min | 2 years ago

"law" Discussed on PR & Law

"Are our newest they feature are very latest and most sophisticated protections in addition we handle law enforcement requests in china through the appropriate legal process just like we do everywhere else and we regularly and transparently report the instances when we are compelled to provide user information thoughts. Well i think it's a great statement. I i mean. I don't i don't having having read the article. I understand that not necessarily to be true in its entirety. however it's a great statement effectively. They're saying a we. Protect your data at all costs and be we comply with the law. Of course it's that latter point where all of the gray area exists right in terms of complying with chinese law. What does that actually mean in terms of the protection of your data but as a statement from a pr perspective. Yeah i think. It's i think it's fantastic if i worked for the company. I don't think it's so fantastic. If i happen to be an individual living in china who is relying on the company to protect the privacy of my information that's being stored within china. Well i mean that's an interesting point. I don't think anyone in china expects their data protected anywhere to be honest. I know in the in the article. There is a point about how you know. The chinese government actually has many ways to survey people beyond just the icloud which is which is true. I mean there's cameras everywhere. I mean there's tracking everywhere. So i mean the facial recognition now in china is insane. I mean i've obviously lived through some of this. But i mean in many cities. Now you if you if you break the law if you jay walk if you do anything. Your image is noted. Right away and put on billboards with your with your identification number your social insurance number basically for sort of public shaming so. This happens very fast now. The facial recognition. There is really really really accurate. The other point. There's a bit more to this statement regarding sort of the censorship of the app store and the apps that are removed Obviously anything that touches on taiwan tibet or the tiananmen square issue fourth eighty nine. You know the protests in hong kong even dalai lama. All this stuff gets pulled out of the out of the app store and so apple address this as well and this is what they had to say we've carried and so after they talked about sort of the values and the way they try and protect people's data previously this follows on from that quote. We've carried those values forward on the app store. Where users in china can discover.

apple china hong kong app store icloud taiwan chinese government chinese lama dalai tiananmen square nine fourth eighty issue tibet
"law" Discussed on PR & Law

PR & Law

02:05 min | 2 years ago

"law" Discussed on PR & Law

"And i wonder if You know they just really really pushed hard here in some way that we're not we're not sure of but we don't know basically the short answer is we don't know what happened there but i wanna get into the article itself now. It's quite long. I don't wanna go through the whole thing. I'm going to pull out a couple of takeaways. Just because i find it so interesting so i mean background here. So apple runs icloud. I think people are familiar with this icloud. Has your photos your email. Your cloudy male not necessarily g mail or something else. You're i messages so people's text messages icloud drivers where people store the documents locations through apple maps. So it's you know it's important data and it's very private data especially when you're talking about photos email messages now. Globally this date is encrypted and it stored on apple servers Where it's secure for the most part but china introduced a law in two thousand sixteen saying you know chinese citizens that their data must be kept in china and that was a big change. So apple had to build data centers in china. And it's it's built. Two of them are which are expected to open soon. And what kind of trick this article. So the article claims. That apple is censoring tens of thousands of apps in china to comply with censorship requirements. So it's not a small number. It also says apple's made several compromise to its data security to comply with chinese laws. And that it's making sensitive chinese user data much easier to access by the chinese government with the insinuation. That apple is hypocritical spouting values in the us while undermining them in china. I think they're quite strong accusations. So i wanna just have a quick look at the actual statement and again you can check this out as well at pr law dot link slash apple if you want to follow along here. I'm not gonna read.

apple Two tens of thousands of apps china two thousand sixteen chinese icloud takeaways pr law apple maps link
"law" Discussed on PR & Law

PR & Law

05:22 min | 2 years ago

"law" Discussed on PR & Law

"You and there was a big story over the last week about apple. Actually there's been a couple of them But i wanna talk about what apple is doing in china and some of the compromises. They've had to make to maintain their business in china and it's sort of all came out in a new york times. Expose this past week. Did you get a chance to have a look at that. I did and Yeah it's it's explosive. It's it's wow. I'm very interested to hear to say about this. Yeah you know i. Obviously i declare this off the top. I work in technology related to china ten cents. So apple's not a competitor. I wouldn't say a ten cent. But i think some of the issues in sort of the uniqueness of dealing with china can be similar so i just wanna put that out there just as as a disclosure. I think so first off some key background points here just in case you haven't read it you can go read it and actually we've created a really short links. You can go have a look at it right now. If you're listening to this podcast you can go to. Pr law dot link slash y t to read the article. Pr law dot link slash. Ny and have a look and i mean. Basically apple has taken a very strong stand on privacy especially in the last seventy years it's products are known to be quite secure. You know the on board series sort of personal recommendations. that's all done on device rather than from the cloud. Why series not nearly as good as google assistant and obviously most recently. You know apple's been in a fight with facebook. Go for over user tracking. That is really sort of blown up. So it's taken a very very strong. Stand on the issue of privacy and security and standing up for sort of user data and the security of user data but the company has huge business in china..

facebook apple china new york last week ten cents ten cent. google assistant past week Pr law last seventy years first law couple
"law" Discussed on PR & Law

PR & Law

04:53 min | 2 years ago

"law" Discussed on PR & Law

"You know very nervous about public speaking. I remember having made mistakes at work. In the past or i was scared of what the fallout might be. But you know what i can't remember an example. I have no idea. I for a long time ago and yet in the moment it was the biggest thing in my life right and i think when you when you think about death a bit more it helps to put a lot of that stuff into perspective and i think we're getting better at it in north america over here is a fully different story. Let me tell you. It's just even a succession for for tycoons or business leaders here it's something. We've got tycoons in their eighties and nineties. That won't talk about the subject because it's just considered bad luck in china so there's definitely cultural component to it as well but for sure. I think it's valuable to to to consider that. Yeah i completely agree i. I really love her her approach. If you can try and picture this cam. So she's a nun who keeps a large resin skull on her desk. Extreme even has small skulls integrated into her rosary carries around all as a reminder to try and and she has this this exercise that she does where she spends a certain amount of time. Every single day. Consciously thinking about this issue and you know very simple right that in sort of thinking about those darkest aspects of of our reality that we can find light in a sense of purpose and a sense of being and something to focus on today and tomorrow skull. Those are dark but recipes recipes What are you got i. There is a front page story in bloomberg businessweek. People may have seen on newsstands laughing. Jeff bezos the ceo. Amazon and it is an article titled how the untold story of how jeff bezos beat the tabloids. And if you can recall to. I believe it was a year ago. Now you know. He came out and wrote a medium article that put pressure on the national enquirer regarding some sexting picks that they had of jeff bezos and the woman that he was seeing who was also married at the time..

north america jeff bezos Amazon china Jeff bezos a year ago tomorrow today bloomberg nineties eighties single day
"law" Discussed on PR & Law

PR & Law

05:10 min | 2 years ago

"law" Discussed on PR & Law

"Okay you and i have to drop a little plug here for myself. I will be speaking at the marketing. Three sixty influence conference. It's actually holding a conference with the title boot camp for all things content and communications. You can register for this online. I'm going to be a panelist. On two sessions. One of them deals with sort of creating content on a very tight budget. And the other one which i think is extremely interesting. It's on the issue of whether brands whether and how brands should take a stand on social issues and this is that we have touched on on this course. I thought you know this is. This is going to be an interesting discussion. And so i thought i would bring it up in the podcast today as well because we've obviously seen some some movement on this even in the past week so you're familiar with what happened with major league baseball. I guess over the last week You know they were not even just the last week but they were set to have the all star game in atlanta georgia and georgia has recently passed a law pertaining to elections that does restrict access to the polls in reality. I mean it doesn't state so very very clearly but in reality will will result in some restrictions to voting for certain parts of the population. We can guess which parts those are and you know major league. Baseball has pulled. Its all star game out of out of georgia and it's been hammered for that decision you know by republicans who support this piece of legislation and major league baseball which is not political. I mean i think most sports leagues try not to be political with the exception of the nba and think the nfl has become political since colin kaepernick. But but this is something. Mlb does not want to get involved with and it's something that a lot of other companies are are landing in as well so coca cola. Delta are two others they've been criticized for what's happening in in georgia coca cola spoke out about it. Donald trump then spoke about this this about coke's opposition to this law in georgia. And he's calling. It woke a cola. And you know this is tough. Companies are landing in this situation. Un and it's not easy and there's a lot on the line and i think this is becoming something that companies have to really consider date today. We've talked on this show in general about the fact that you know there are certain issues come up. We talked about black lives matter. And the death of george floyd things like that where you have a one case. Maybe every few years or every decade where. There's enough social pressure. You know on on on your company to speak but now this is an ongoing issue. It looks like look. I i have. I have no issue with major league baseball pointing out. I think it was a good move. I think it's good for the development of its brand long-term and here's the thing this idea. That american sports haven't been politicized for very long time. It to me is just completely ludicrous. First of all. I mean think of looking specifically major league baseball cam if you recall after the september eleventh terrorist attacks one of the first things that major league baseball did was it changed the seventh inning. Stretch to you know. People bless america was no longer..

Donald trump Delta atlanta colin kaepernick two sessions last week today past week george floyd First coke coca cola One republicans one seventh inning nfl september eleventh Mlb america
"law" Discussed on PR & Law

PR & Law

02:57 min | 2 years ago

"law" Discussed on PR & Law

"<Music> <Speech_Music_Male> <Music> <Speech_Music_Male> freud. <Speech_Music_Male> <Speech_Music_Male> <Speech_Music_Male> <Music> <Speech_Music_Female> <Music> <Music> <Music> <Speech_Music_Female> <Speech_Music_Female> <Laughter> <Speech_Music_Male> <Speech_Music_Male> <Speech_Music_Male> You <Speech_Music_Male> <Music> <Music> <Music> <Music> <Music> <Speech_Music_Male> <SpeakerChange> <Speech_Music_Male> <Speech_Male> <Speech_Male> <Speech_Male> was a lot of third person. <Speech_Male> <Speech_Male> Wow <Speech_Male> <Speech_Male> video is <Speech_Male> hilarious <Speech_Male> But his line <Speech_Male> there he said. Who do you <Speech_Male> think you are. And <Speech_Male> then he pointed himself and said <Speech_Male> i am <Speech_Male> and he explained <Speech_Male> later he was trying <Speech_Male> to say like who do you think <Speech_Male> is the best <Speech_Male> i am. But <Speech_Male> he was so overcome with <Speech_Male> emotion he said. Who do you think <Speech_Male> you are. I am <Speech_Male> and this has become <Speech_Male> a meam <Speech_Male> on the bowling tour. <Speech_Male> <Speech_Male> And so he <Speech_Male> has. He has <Speech_Male> just retired. <Speech_Male> And that's why <Speech_Male> this story was written <Speech_Male> by the clip was <Speech_Male> shared. And i thought <Speech_Male> this is why like routing <Speech_Male> the athletic. This would <Speech_Male> never have come up. I <Speech_Male> didn't know. I never <Speech_Male> heard the name pete weber. <Speech_Male> I know nothing <Speech_Male> about bullying <Speech_Male> and then when you come across <Speech_Male> somebody who's had such an <Speech_Male> impact in a certain <Speech_Male> area be at a sport <Speech_Male> or profession. <Speech_Male> I <Speech_Male> find that interesting like <Speech_Male> this person <Speech_Male> has dedicated <Speech_Male> his life to <Speech_Male> and i never <Speech_Male> heard of him <Speech_Male> and i like coming across <Speech_Male> stuff like that that i <Speech_Male> have just no idea <Speech_Male> about and learn <Speech_Male> something so it was. <Speech_Male> It was great. I'll link <Speech_Male> to that article in the show notes <Speech_Male> as well. <Speech_Male> He sounds like <Speech_Male> he should be getting his own <Speech_Music_Male> bio pic. <Speech_Male> You talking <Speech_Male> about <SpeakerChange> on <Speech_Male> film. <Speech_Male> You know that may <Speech_Male> happen at some point because <Speech_Male> he in the <Speech_Male> eighties he was. <Speech_Male> <Speech_Male> You know he was <Speech_Male> doing the drugs <Speech_Male> and the gambling and <Speech_Male> And <Speech_Male> the partying as younger <Speech_Male> man on the bowling <Speech_Male> tour. <Speech_Music_Male> And <Speech_Male> then he <Speech_Male> do <Speech_Male> so. Yeah he <Speech_Male> He brought a <Speech_Male> lot of a <Speech_Male> lot of attention to bullying <Speech_Male> anyway. <Speech_Male> Yeah <Speech_Male> lots of stuff to check out. <Speech_Male> Anything you <Speech_Male> wanna. You wanna <Speech_Male> add you and as <SpeakerChange> we sign off. <Silence> Easter sunday <Speech_Male> <Speech_Male> That's it my friends. <Speech_Male> That's it enjoy <Speech_Male> Enjoy <Speech_Male> your days off. <Speech_Male> Yeah thanks <Speech_Male> tuesday. <Speech_Male> Tomb sweeping day. <Speech_Male> Kim <Speech_Male> thank you <Speech_Male> guys so much for joining <Speech_Male> us again This <Speech_Male> week don't miss <Speech_Male> this show. You can subscribe <Speech_Male> to us <Speech_Male> in your podcast <Speech_Male> app of choice <Speech_Male> for me. That's overcast <Speech_Male> <Speech_Male> but you can <Speech_Male> choose. What everyone <Speech_Male> you like. Our <Speech_Male> you can subscribe to <Speech_Music_Male> <Advertisement> our youtube or <Speech_Music_Male> <Advertisement> soundcloud chow <Speech_Music_Male> <Advertisement> and we're on facebook <Speech_Music_Male> <Advertisement> instagram twitter <Speech_Music_Male> <Advertisement> and linked <Speech_Music_Male> <Advertisement> in and <Speech_Male> <Advertisement> get our newsletter <Speech_Music_Male> <Advertisement> at <Speech_Music_Male> <Advertisement> key our law podcast <Speech_Music_Male> <Advertisement> dot clubs <Speech_Music_Male> <Advertisement> so for you and christie. <Speech_Music_Male> <Advertisement> This <SpeakerChange> cabinet <Speech_Music_Male> <Advertisement> merchant <Speech_Music_Male> lighted up. <Speech_Music_Male> <Advertisement> <Speech_Music_Male> <Advertisement> This has been the <Music> <Advertisement> pr podcast <Speech_Music_Male> <Advertisement> with camic <Speech_Music_Male> <Advertisement> murky and you <Speech_Music_Male> <Advertisement> win christie. If you <Speech_Music_Male> <Advertisement> enjoyed the show we <Speech_Music_Male> <Advertisement> share with a friend or <Speech_Music_Male> <Advertisement> leave a review. You can <Speech_Music_Male> <Advertisement> also join us on linked <Speech_Music_Male> <Advertisement> in twitter <Speech_Music_Male> <Advertisement> instagram <Speech_Music_Male> <Advertisement> facebook by following <Music> <Advertisement> our accounts <Speech_Music_Male> <Advertisement> at pr <Speech_Music_Male> <Advertisement> law podcast. <Speech_Music_Male> <Advertisement> That's all one word. <Speech_Music_Male> <Advertisement> <Speech_Music_Male> <Advertisement> L. e. w. <Speech_Music_Male> podcast. Thanks <Speech_Music_Male> for your support. <Music>

"law" Discussed on PR & Law

PR & Law

03:22 min | 2 years ago

"law" Discussed on PR & Law

"You're giving the agreement to isn't going to push back on it. Then why wouldn't you give yourself that additional discretion. Why wouldn't you protect your business in in that regard right so i mean really. There's no reason not to do it. as an employer. Unless you're going to get a certain level of pushback from the employees and then we get into sort of that position that we were talking about last week around termination clauses Of how much negotiating power do you have as an employee in this situation. You know. maybe that's a deal breaker for you. Maybe you're prepared to say you know what i'm not gonna take this job unless you remove that particular clause and the employer has to make a decision in terms of how much they really want that particular employee for that particular role right on okay. Anything else to add on this when or any other pieces of Of wisdom that you would like to impart no. I don't i don't think so. I did want to quickly touch upon one other thing. That's that's coming up cam. And this is sort of relevant to remote work and that's governing jurisdiction of the agreement. I know you and i talked about this before. It's a really complicated issue. And you know it's not something unfortunately that we can give really really clear councilon other than again. This is something that you need to sit down with council locally to discuss because with all of the remote work that we're having we're starting to see now where you have an employee who lives in i don't know on -tario for example that signing an agreement with a company that's based in say british columbia or maybe california and you go through the agreement and you realize that there's a provision in the agreement that says that that individual will be bound by the laws of british columbia for example despite the fact that they work in ontario. Well you know as an employer you may want to hold that individual to the jurisdictional law of that particular province but that doesn't necessarily mean that that's the jurisdiction that's going to govern so if you have an employee on -tario for example in their they live on -tario they're working on -tario they're paying ontario taxes Maybe there's you know a satellite office of the company. That's based in toronto for example. So you know. Maybe once a week. They're going to that satellite office in toronto. And despite the fact that the company is headquartered in b. c. and you've signed an agreement under b. c. law you're likely bound by the laws of ontario. And not the laws of bc So this is really really something that employees working abroad Need to look into because just because you're signing an agreement that says you'll be bound by the law of particular country or particular province. That's not necessarily the law. That's going to govern in need to sit down with council locally and have a determination as to what what law my bound by. Because obviously that's gonna have all kinds of significance again in terms of your entitlements upon termination the enforceability of certain provisions in the agreement All of this stuff and this again cam this is going to be another huge huge huge issue going forward with so many people working.

toronto last week california ontario british once a week b. bc british columbia one columbia on so many people tario
"law" Discussed on PR & Law

PR & Law

04:20 min | 2 years ago

"law" Discussed on PR & Law

"La pied de hashtag. L. a. w take it away. You an ra cameron well. last week. We were talking about things that employees and employers for that matter need to look out for in employment agreements right. They're looking at Agreement thinking about starting a new job and too many employees. we've discussed they. Just sign off on the dotted line. And they don't really due diligence in terms of going through the agreement or we look at it so you know last week. We really focused on that idea of the termination clause really being critically important. In terms of examining what are your entitlements. Would he get if the employer lets you go or severs the employment relationship what are your entitlements and how it's critically important that you trying to negotiate that provision as an employee have somebody explain it to you and if you're an employer make sure it's drafted in a manner that is going to be enforceable. Should it ever get in front of the eyes of judge in the court. So what does that. No no can. I stop you for a second. What does that mean in this case. Well i mean so. Generally speaking enforceability revolves around the idea of is the language consistent with the statutory provisions in the common law so you can't draft language in an agreement that is inconsistent with a particular statutory provisions or with case law. Right so that would mean like it has to be consistent so for example you couldn't contract somebody to work twenty two hours a day kind of thing because there's laws around those. Yeah that's exactly it right so that the fundamental premise is. It doesn't matter if you're an employee and somebody tries to get you to sign an agreement where you would effectively be contracting out of your entitlements under a particular law then that contract by definition is unenforceable it has to be consistent with the laws of the land regardless of what it is that you're contracting four right. That's the general idea But this week cam. I wanted to talk about some of the other provisions that frequently come up One the first one..

last week this week first one One twenty two hours a day ra cameron second L. a. pied
"law" Discussed on PR & Law

PR & Law

04:33 min | 2 years ago

"law" Discussed on PR & Law

"This out waiting to check this out. The pr in law podcast. All right you and what do you have this week. Besides that bridgeton show. Well email cam email. Did you see this article cal. Newport in the new yorker no it okay so yeah you should check this out. It's it's an excerpt drawn from his book Which is titled a world without email. The article is titled. Email is making us miserable and i get it. I know everybody. Everybody's read an article about this about how inefficient and all the problematic issues surrounding email. But this one was just it was just better than all the other ones that i've read and it. It cited a lot of really really compelling studies around the issue of examining stress and email. You know one of the studies cam the you know. We're looking at the university of california. They hooked up. Forty office workers to wireless heart rate monitors for twelve days and they recorded heart rate variability. Which is a common technique for measuring mental stress. You know they also use. In order to correlate email checks with stress levels and any guesses as to what they learned. Oh yeah sure that there's anxiety with email. Yeah i mean a common commonsense conclusions right that the longer you spend on email and given our the higher your stress four. That are what. I find interesting about this. Though i like email to me is really fragmented in terms of people's experience with it because like by no means does everyone use email now. A lot of people have moved entirely to social media for for thirty gauge. Meant a lot of companies have moved to slack which cuts down dramatically on email. And there's a lot of people that don't get personally mail anymore at all because everything is through chat apps and e mail is for newsletters and things like that so i know there's a workplace component here but there's also a personal component and i feel like email has it's no longer a consistent experience for everyone.

twelve days thirty gauge new yorker Forty office workers one pr in law this week Newport cal university of The slack california bridgeton lot of people of companies people the
"law" Discussed on PR & Law

PR & Law

02:50 min | 2 years ago

"law" Discussed on PR & Law

"I mentioned earlier. That i was gonna talk about jeff bezos this week and you know i think people don't usually follow amazon's corporate news closely but that was a big announcement that he's going to step aside as the chief executive From the company that he founded almost thirty years ago is one thousand nine hundred four. Un amazon started So it's been a very long ride. And here's a really quick report from bloomberg new york city amazon's founder. Jeff bezos is stepping down as ceo to become executive chairman this year. Here's company's cfo. Brian olszewski i will reiterate that jeff is not leaving. He is getting a new job. Yeah he's not leaving. He's getting a new job..

Jeff bezos amazon Brian olszewski jeff bezos jeff this week this year one thousand thirty years ago new york city hundred four bloomberg nine
"law" Discussed on PR & Law

PR & Law

05:35 min | 2 years ago

"law" Discussed on PR & Law

"Check this out. Wait you to check this out the pr in law. Podcast okay you. What do you got. Well kim i. I don't know if you caught this today. The the new york times interview with feci dr home really on what working on yeah. It's an interview. They had him for an hour Task him about working for trump was really like so from denial. Ism to death threats. Dr anthony fauci describes a front year as an advisor to president. Donald j trump on the covid nineteen pandemic. And you know what. What's so interesting about this interview for me. Kim is how despite the headline and a clear attempts to almost make it sounds salacious. There is nothing about this interview. That is even remotely salacious. If anything it's it's it might even be considered a bit drab aside from yes the reality that dr fauci. His family faced death threats. He had an envelope full of a powder that showed up at his office. And you know people had to come in with has matt suits to determine whether it was you know a harmful substance turned out wasn't but aside from that cam what's really interesting is just how much dr fauci kept his cool through this entire process and you know when people were thinking well what happened coachee. Did he disappeared. did he get fired. and he talks very pointingly about this that his job is to be honest. Youthful transparent. that is his role and he is not prepared to compromise in that regard at all full stop and that led him to effectively. Keep quiet in many ways. Almost you know if you can't say anything nice. Don't say anything at all cam. He sort of got to a place where he could not in good conscience. Get up and be supportive of the message that the administration was conveying and the reality was quickly becoming that time he did speak. He was contradicting the administration. And then the administration you know behind closed doors would kind of lean into him and say you can't say this you can't say this But yeah just just the dedication of this man to maintaining the message maintaining the message staying true to his to his beliefs true to his education. True to background true to science and true two facts regardless of the obstacles that he faced along the so. Is it worth your time. Yes is it a as salacious As the you know the the the headline might suggest no not at all on the contrary..

trump kim today Donald j trump Kim anthony fauci two facts new york an hour dr fauci feci home Dr in nineteen pandemic
"law" Discussed on PR & Law

PR & Law

02:54 min | 2 years ago

"law" Discussed on PR & Law

"Tell a friend and you can follow us on social linked in twitter instagram facebook. And you can subscribe to our youtube and soundcloud channels. Also you can sign up for our newsletter at pr law. Podcast dot club you and what's happening over in toronto. Well i'm on the night shift cam on the night shift which is exciting. I'm i'm drinking one of my your advent calendar beers. i have. I think these are relatively new. But i have heard about them and i think it's a fantastic idea i well. Hey i'm telling you right now. Is i'm sipping on one of them. It is a glorious idea. This was a christmas present from my wonderful wonderful wife and she got got me this twenty five days of beer from from the house. It's a a local brew. Pub here showed out in the house here. Now the wonderful city of toronto and Yeah it's it's a different beer every day. I'm way behind. So i'm only on beer fifteen. I didn't know there were calendar for january. I think you're way behind. I'm still catching up. It's supposed to be for december. And i i just i i don't know about you. I been while it's not like i mean i was a huge drinker to begin with but I've noted that while. I i understand. A lot of people have increased alcohol consumption during the pandemic but i might consumptions. Actually decreased quite dramatically. You know about you. I found the same. I found this just as i get older. The last couple of years in particular. Like i noticed alcohol intake has gone down quite a bit again like you. Not that i was a big drinker before anything like that but especially with the pandemic like the bars are closed here right now. Anyway you know in the evenings you can still go out there still to get a beer as sort of a roadside stand or something but yeah it's just i don't know with the pandemic as you're at home anyway. A lot of people. Like i have not shaved you and again in like another two and a half months. I don't look presentable. So i'd rather just sort of be my recluse in in the house here growing my beard. Well to that point. Maybe you should post a photo of your beard..

toronto twenty five days january youtube december soundcloud two and a half months twitter instagram beer fifteen facebook one christmas last couple of years people them law