SEC’s Legal Victory Over Rivetz and Ohio’s Crypto Tax Initiative

Simply Crypto

In this episode, we discuss the SEC's significant legal win against blockchain firm Rivetz for selling unregistered securities, highlighting the increasing regulatory scrutiny in the crypto space. We also cover the emotional story of a Sacramento woman who lost $100K in a cryptocurrency scam, and the implications of Gemini's exit from Canada amid tightening regulations. Finally, we explore Ohio's bold move to accept cryptocurrency for tax payments, setting the stage for a potential shift in public finance.
Sources:
https://www.benzinga.com/markets/cryptocurrency/24/10/41134673/gary-gensler-led-sec-scores-a-win-over-crypto-firm-accused-of-securities-law-violation
https://www.kcra.com/article/sacramento-county-woman-loses-100k-crypto-scam/62478028
https://techreport.com/news/gemini-exits-canada/
https://www.fxleaders.com/news/2024/10/01/ohio-to-accept-cryptocurrency-for-tax-payments-and-fees/
Outline:
(00:00:00) Introduction
(00:00:42) Gary Gensler-Led SEC Scores A Win Over Crypto Firm Accused Of Securities Law Violation
(00:02:53) Sacramento County woman loses $100K in cryptocurrency scam
(00:05:36) Cryptocurrency Exchange Gemini Will No Longer Operate in Canada
(00:08:21) Ohio to Accept Cryptocurrency for Tax Payments and Fees