Judge Pooler’s View of Bitcoin Leads to a Debate on Bitcoin’s Status
Judge Pooler's recent decision to not consider bitcoin as a currency has sparked a debate among the digital currency community about the digital currency's status. What is Bitcoin? If you ask a Bitcoin user, he will call it a form of currency similar to the US dollar or the British Pound Sterling. However, when it comes to the government bureaucracy and the judiciary the answer isn’t that simple. The debate about whether Bitcoin is a currency or a commodity is reignited following the recent judgement in a lawsuit against Michell Espinoza. Michell Espinoza, who was charged with money....
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The state Florida made headlines when Miami-Dade’s Circuit Judge Teresa Mary Pooler tossed out anti-money-laundering charges against website designer Michell Espinoza. According to recent reports, though, the state is filing an appeal against the decision to dismiss charges. State Of Florida Appeals Judge Pooler’s Decision to Dismiss Charges. In February....
XRP has won their right to retain their Amici status, this is a major relief to XRP holders. Judge Torres has denied SEC’s motion to revoke the amici status. Apart from that, Judge Torres has also barred attorney John E Deaton from further proceedings. According to the letter, “Amici can’t participate in the expert challenge […]
A Miami judge just ruled that Bitcoin is not money, and its sale unintentionally for illegal purposes does not constitute money laundering. In a money laundering case where Florida man Michell Espinoza was accused of laundering money by selling Bitcoin to detectives who implied they were going to use it for illegal activity, presiding judge Teresa Pooler ruled that Bitcoin does not qualify as a financial instrument. “The definition of “financial transaction is found in § 896.101(2)(d), Fla. Stat. A “financial transaction” is a “transaction… involving one or more monetary instruments, which....
While many people take the view that Bitcoin is dying or failing due to its current issues with governance and scalability, Blockchain Capital founder and managing partner Brock Pierce believes this current controversy is a good sign. In his view, the fact that there are so many transactions on the network should be seen in a positive light because it’s a sign of the technology’s success. In a recent interview with Epicenter Bitcoin, Pierce explained his point of view on the Bitcoin block size debate and how it is currently causing uncertainty in the market. The key point that Pierce, who....
U. S. District Judge Gary Feinerman has reportedly frozen the U. S. -based assets of Mt. Gox CEO Mark Karpeles and companies related to him for two weeks as clients of the former exchange look to get back at least some of what was in their accounts before the company shut down. Feinerman is said to have placed a temporary restraining order on Karpeles' assets, that of a related company in the U. S., and the parent company of the exchange's operator, according to the Wall Street Journal. The WSJ reported indicates that the firm that ran the exchange, Tibanne, is not affected by the order....