Apparently, Zuckerberg made the song for his wife, Priscilla. “‘Get Low’ was playing when I first met Priscilla at a college party, so every year we listen to it on our dating anniversary,” Zuckerberg wrote on Instagram.
Holy cringe, Batman!
That’s fair, but hardly so aggressive that I’d call it a “crypto crackdown.”
But it’s hardly unexpected to see lawsuits around unsettled law. Everyone should expect more as we start settling case law and bringing crypto inline with existing law.
Also, wasn’t it mostly centered around their non-exchange activities? Press release specifically mentions their “Staking-as-a-Service” offering. Not that I see anything wrong with it, but I could see how that could be considered a security. Doesn’t really pass the Howey test.
What crackdown? The SEC has only charged actual scammers and they’ve “requested information” from the legitimate players to figure out how to proceed. Other than some bad calls by sanctioning software, there’s hardly been anything considered a “crackdown.”
'til the sweat