|All Time High:
|The price of #CLO today is $0.000451 USD.
The lowest CLO price for this period was $0, the highest was $0.000451, and the current live price for one CLO coin is $0.00045108.
The all-time high CLO coin price was $1.96.
Use our custom price calculator to see the hypothetical price of CLO with market cap of ETH or other crypto coins.
|The code for Callisto Network crypto currency is #CLO.
Callisto Network is 5.9 years old.
|The current market capitalization for Callisto Network is $1,268,559.
Callisto Network is ranking upwards to #848 out of all coins, by market cap (and other factors).
|The trading volume is modest today for #CLO.
Today's 24-hour trading volume across all exchanges for Callisto Network is $22,944.
|The circulating supply of CLO is 2,812,246,304 coins, which is 43% of the maximum coin supply.
More Callisto Network (#CLO) News
|Coinbase CLO Warns Pokémon Might Be Key in Rejecting SEC's Expand...
Paul Grewal, CLO of Coinbase, believes collectibles, like Pokémon cards, might be essential in rejecting the expanded definition of what the U.S. Securities and Exchange Commission (SEC) claims to be a security. To Grewal, these cards are also part of an ecosystem fueling their value, an element the SEC considers part of what makes some tokens securities.
Coinbase CLO Argues Pokémon Collectibles Might Throw Down SEC's Case
Coinbase CLO Paul Grewal commented about how playing card games like Pokémon, the Nintendo franchise, might dent the logic that the U.S. Securities and Exchange Commission (SEC) presented during the first hearing in its case against the exchange.
In June, Coinbase was charged by the SEC under allegations of operating as an unregistered broker and infringing upon various securities laws.
During this first encounter, one of the core discussions involved the definition of security, which differed for each party. While Coinbase argues that none of the tokens involved in the case (ICP, AXS, CHZ, FLOW, DASH, VGX, FIL, NEXO, NEAR, ADA, SAND, SOL, and MATIC) are securities due to the lack of a signed contract between seller and buyers in secondary markets, the SEC introduced a new element, citing the existence of an ecosystem behind these tokens as a part of its expanded understanding in the issue.
Nonetheless, Grewal argues that not only tokens can have an ecosystem behind them to back them. In a post on X, Grewal stated:...
|Ripple's CLO Says SEC Is Anything But Infallible — Advises 'Don't ...
Ripple's chief legal officer says the U.S. Securities and Exchange Commission (SEC) is 'anything but infallible,' emphasizing that the regulator is 'bloated, broken, and beleaguered.' He advised investors not to be intimidated when having to deal with the securities watchdog.'SEC Is Anything But Infallible'
Ripple's chief legal officer, Stuart Alderoty, slammed the U.S. Securities and Exchange Commission (SEC) on social media platform X on Thursday.
Quoting an article published in the Wall Street Journal stating that the Supreme Court has repeatedly ruled against the SEC in recent years, Alderoty stressed that the securities regulator is 'anything but infallible,' noting that the agency is 'bloated, broken, and beleaguered.' He also advised investors: 'Don't be intimidated when they come knocking.'
Commenting on Alderoty's statement, lawyer John Deaton shared: 'I remember when I sued the SEC and some people said: 'You're crazy.' Why? The SEC is only good at one thing: intimidating people because they have the unlimited resources of the American taxpayer. And some people also get intimidated because maybe fighting the SEC will mean the SEC calls the IRS [Internal Revenue Service] on you as well. This country was born fighting against government oppression and intrusion. It is most American to fight back!'
The securities regulator recently lost several legal cases against crypto firms. Last month, Alderoty highlighted three consecutive wins for Ripple Labs against the SEC, in...
|Ripple CLO Stuart Alderoty Explains Securities in 'After Hours' Parody S...
Stuart Alderoty, CLO of Ripple, prepared a skit explaining the definition of securities according to the company, supported by the recent ruling in the SEC v. Ripple case. The segment, titled 'After Hours,' parodies U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler's 'Office Hours' series of videos, where he briefly explains investment subjects.
Ripple CLO Stuart Alderoty Explains Securities, Investment Contracts, and Digital Currencies in Skit
Stuart Alderoty, CLO of Ripple, a cryptocurrency and financial services company, presented a parody skit titled 'After Hours,' where he explained the definitions of securities and investment contracts. The segment was prepared as a parody of the 'Office Hours' series of videos, where U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler explains investment topics informally and educationally.
In the 'After Hours' segment, Alderoty explains the concept of securities, stating that the law lists a group of things that are always securities, like a share of stock, where companies like Apple owe holders a fiduciary duty, with shareholders having the possibility of holding Apple accountable if it does not fulfill its obligations. Alderoty explains this 'is true no matter how you bought the stock.'
Also, he differentiates investment contracts from digital assets, explaining that, in his opinion, digital assets by themselves are not investment contracts. Alderoty stated:
Some would like ...
|Ripple CLO Stuart Alderoty States SEC Chair Gary Gensler 'Misstates the ...
Stuart Alderoty, CLO of Ripple, a cryptocurrency and payments services company, railed against the statements of U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler given in a recent congressional hearing. Alderoty criticized the stance taken by Gensler, stating that he 'misstates the law' by declaring that tokens, standing alone, are investment contracts.
Ripple CLO Stuart Alderoty Blasts SEC Chair Gary Gensler's Statements on Tokens Being Securities
Ripple CLO Stuart Alderoty recently complained about the U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler's statements on crypto given in a congressional hearing before the U.S. Senate Appropriations Committee held on July 19.
Alderoty referred to Gensler's repeated points signaling that cryptocurrency tokens constitute securities, stating:
It's outrageous that in today's Senate hearing, Mr. Gensler again misstates the law (and the Howey test), suggesting that tokens, standing alone, are investment contracts. Is the SEC really going to continue to be allowed to peddle these falsehoods?
On July 13, Ripple obtained a landmark ruling determining that programmatic sales - sales executed on exchanges - of the XRP token could not be considered securities. At that time, Alderoty celebrated the verdict declaring that 'as a matter of law,' XRP was not a security.
Ripple CEO Brad Garlinghouse has also remarked on the importance of this decision, stating that the ruling...
|Coinbase CLO Paul Grewal: SEC's Interpretation of 'Investment Contract' ...
Paul Grewal, CLO of Coinbase, one of the largest U.S.-based cryptocurrency exchanges, has accused the U.S. Securities and Exchange Commission (SEC) of violating the law by assessing what constitutes an investment contract. Grewal's reasoning comes from the Supreme Court of the United States' (SCOTUS) decision thwarting President Biden's student loan forgiveness program using the so-called 'major questions doctrine.'
Coinbase CLO Blasts SEC's 'Investment Contract' Interpretation
Paul Grewal, chief legal officer of Coinbase, has railed against the U.S. Securities and Exchange Commission's (SEC) position regarding classifying some cryptocurrency assets as securities. According to Grewal, the SEC's assessment of what constitutes an investment contract is wrong and transgresses current regulations.
The SEC's interpretation of 'investment contract' violates the law.
Furthermore, Grewal affirms that the SEC's actions go beyond violating thew law, given that it claims it has the authority to enforce rules for all cryptocurrency assets classified as securities. He explained:
The 'economic and political significance' of falsely claiming authority over all digital assets other than BTC is not just 'staggering,' but untethered to the fundamental requirement that there be enforceable rights between enterprise and purchaser.
Grewal's reasoning comes from his examination of the Supreme Court of the United States (SCOTUS) ...
|Ripple CLO Praises Singapore's Regulatory Framework Amid US SEC Turmoil
Stuart Alderoty, the Chief Lego Officer at Ripple, has taken to Twitter to praise the 'workable' framework that the Monetary Authority of Singapore has built.
His comments come amid regulatory turmoil in the US as Ripple, Coinbase, Binance, and other crypto-related companies are facing lawsuits against the country's Securities and Exchange Commission.
Stuart Alderoty praised Singapore for being able to create a 'workable framework that truly unites consumer protection, market integrity, and innovation.'
They've also outlined a clear taxonomy to classify and regulate digital assets - making it possible for companies like Ripple to build and offer compliant products.
His comments come days after Ripple received an in-principle Singapore payments license.
It's also worth noting that Ripple is in the middle of a legal clash with the US Securities and Exchange Commission.
The latter has alleged that the company conducted an unregistered sale of securities, essentially claiming that XRP falls within the definition and putting a massive strain on the firm.
Alderoty's last comment also falls in line:
It's been said many times, but bears repeating - regulatory clarity is what will help drive crypto utility for real-world use cases.
The post Ripple CLO Praises Singapore's Regulatory Framework Amid US SEC Turmoil appeared first on CryptoPotato.
|Coinbase Already in Line With SEC Proposal, Argues Company CLO
Yesterday, the SEC proposed new rules for crypto companies acting as qualified custodians for institutional funds.
The push for this change in legislation is due to the recent failures of crypto platforms to safeguard users’ assets from both cyberattacks and bankruptcy. The SEC argues that the reckless financial behavior exhibited by FTX, Celsius, and the like might destabilize the economy at large if left unchecked.
However, some crypto platforms have brushed the news off, stating that little or no adjustments would have to be made to their business model in order to comply with the regulation currently in the works.
Steps Already Taken to Protect Funds
In an interview with Bloomberg, Coinbase CLO Paul Grewal stated that not only is the company already compliant with the proposed changes to qualified custodian law – it is also a role model for other crypto platforms.
“I think that when it comes to Coinbase, we see SEC officials recognize that specifically, Coinbase is operating in a qualified manner. In a lot of ways, this is about bringing the rest of the industry to the standard Coinbase has set for itself.”
Grewal followed up with a similar statement on Twitter, commending the SEC for its initiative while reminding the crypto industry that nothing is set in stone yet.
Coinbase Custody Trust Co. is a Qualified Custodian today and will be a Qualified Custodian tomorrow. Today's proposal from @SECGov does not change this fact. While we commend the SE...
|Coinbase CLO Responds to Bankruptcy Concerns Surrounding Latest Earnings...
Paul Grewal – Chief Legal Officer at Coinbase – has cleared the air on the company’s latest 10q which included worrying language pertaining to the management of customers’ funds in the event of bankruptcy. Grewal stated that a bankruptcy event at Coinbase is highly unlikely, and explained how users’ funds are currently kept secure.
Are Customers’ Funds Safe?
In a statement on Wednesday, the CLO clarified that customer funds and corporate assets are kept separate within Coinbase’s internally audited ledger. Therefore, there are no questions about whose fiat currency – or cryptocurrency – belongs to whom.
Furthermore, the exchange does not engage in lending or other activities with customers’ assets unless given explicit permission to do so. In the 10q report released in May, Coinbase claimed that customers’ crypto assets were not protected by FDIC insurance.
In traditional finance, it is common practice for banks to use the funds deposited by their customers to issue loans. This means only a fraction of total deposits is available for withdrawal at any given time, creating risks for customers in the event of a bank run.
“Coinbase always holds customer assets 1:1,” stated Grewal. “This means that funds are available to our customers 24 hours a day, 7 days a week, 365 days of the year.”
The Bankruptcy Black Swan
The legal officer’s final point addressed the company’s retail user...