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SEC News Digest, 05 12 1970 Securities and Exchange Sec  Form

SEC News Digest, 05 12 1970 Securities and Exchange Sec Form

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“The drug is gone!” said billionaire Mike Novogratz in a Bloomberg interview, referring to the decline in crypto prices, which turned off the enthusiasm of many traders during 2018. After the 2017 “speculative mania,” Novogratz said that today, the crypto community has sobered up. He also told his followers to be patient and prepare to catch the next crypto wave. “When the wave comes,” he said, “we’d better be the Laird Hamilton of crypto." The Winklevoss twins are following this example and aren’t rushing to find a way out of this bear market. They said this week that they feel “at home” in the crypto winter, so much so that they just announced the release of a new mobile crypto trading app for their Gemini exchange. Also this week, stablecoin transactions spike, SEC chairman defines ICOs as potentially effective, Mt. Gox CEO faces embezzlement charges, and more. Ladies and gentleman, I’m Mike, and this is your weekly Hodler’s Digest. This week has b

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