Just Covered a Massive SEC Fraud Case and Someone Buying 1,000 Bitcoin SV
What a week it's been in the Bitcoin and blockchain world. I just finished putting together a video covering some major developments that I think everyone needs to pay attention to, and honestly, some of this stuff is pretty mind blowing.
First up, I talk about Reggie Middleton from Veritasium and his ongoing legal battle with the SEC. This guy has been fighting them since 2016 when they went after his project during the ICO craze. But here's where it gets interesting – Reggie has now filed a Rule 60 motion to vacate, and he's alleging fraud within the SEC itself. These types of motions are incredibly difficult to get granted, but the allegations he's making are serious.
What really gets me fired up about this case is how selectively the SEC has been enforcing their rules. They've been calling Veritasium a security while completely ignoring other projects that seem way more questionable. Reggie has patents on decentralized finance technology, yet he's the one getting bullied by regulators. It's frustrating to watch, but I have a lot of respect for him standing up and fighting back.
I also had another meeting with Dmitri from Tree Chat, and I talk about why this platform is such a game changer. The ability to post content permanently on Bitcoin's blockchain means your thoughts, blogs, and ideas can never be deleted or censored. I'll admit I'm still figuring out some of the user interface challenges (I keep trying to reply to posts and can't figure it out), but the concept is revolutionary.
Then there's this absolutely wild social media post I saw about someone buying 1,000 Bitcoin SV and posting their wallet address publicly. That's serious conviction right there. It ties into this broader conversation about Trump's announced Sovereign Bitcoin Reserve Fund, which will hold pre-2017 Bitcoin. That includes Bitcoin SV, Bitcoin Cash, and BTC, which means the government is quietly accumulating the original Bitcoin protocol.
I dive into my thoughts on the philosophical divide happening in the Bitcoin space. On one side you have BlackRock and the traditional banking system that's taken control of BTC, and on the other side you have people supporting the original Bitcoin vision. I question whether everyday people really want to be supporting the same financial institutions that have been controlling our monetary system for decades.
The whole thing really reinforces why supporting innovators like Reggie Middleton and platforms like Tree Chat is so important. These are the people building real utility and standing up for the principles that Bitcoin was originally founded on. Check out the full video here.
