Top Lawyer Estimates Odds of SEC’s Victory, SHIB Army Receives Critical Warning, Michael Saylor Shares Evidence His BTC Strategy Is a Good Play: Crypto News Digest
Can SEC Still Lose? Top Lawyer Assesses the Odds
Jeremy Hogan, a well-known legal expert, recently took to social media to share his perspective on the SEC’s chances of winning in its dispute with Ripple. According to Hogan, the regulator has a mere 2.367% chance of victory. To put it humorously, he compared it to the New York Jets winning the Super Bowl! Hogan’s confidence stems from several factors. Even if the SEC chooses to appeal next year and the appellate court rules in its favor in 2025, it does not mark the end of the case. The appellate court would have to send the case back to the trial judge for further evaluation. Hogan also highlighted that even if the SEC were to win, Ripple could still appeal to the Supreme Court.
SHIB Army Receives Critical Warning
ShibArmy Scam Alerts X recently issued a warning to the SHIB community regarding potential scams. The number of fake websites, NFT airdrops, and fake Telegram groups spreading misinformation is on the rise. To protect their SHIB, BONE, and LEASH tokens, crypto owners were advised not to connect their wallets to unknown sites without thorough due diligence. ShibArmy Scam Alerts also urged everyone to report any suspicious websites, such as those with misspelled names, as these could be signs of illegitimacy.
Michael Saylor Shares Evidence of a Good BTC Strategy
In a recent post, MicroStrategy founder Michael Saylor presented evidence of Bitcoin’s performance since August 2020 when the company adopted it as its treasury reserve asset (TRA). Saylor compared Bitcoin’s growth to that of the S&P 500, Nasdaq, gold, silver, and bonds. Among all the options, Bitcoin demonstrated the most impressive result, with a skyrocketing growth of 147%. The S&P 500 came in second with a 26% growth, followed by Nasdaq with 18% growth. In contrast, gold, silver, and bonds all showed decreases compared to Bitcoin. Saylor expressed his satisfaction with his company’s decision to bet on Bitcoin, stating, “Bitcoin is stronger.”
This article offers a comprehensive overview of recent developments in the crypto world. From analyzing the SEC’s chances of winning in the Ripple dispute to providing warnings to the SHIB community and sharing evidence of Bitcoin’s success, this digest covers all the essential news. Stay informed and make informed decisions!
