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Eric Holder, who served as attorney general under President Barack Obama, on Sunday said it would be simply absurd for Donald Trump to serve as president again if he is found guilty of mishandling classified documents.

The former president, who is currently the front-runner for the 2024 Republican nomination, was indicted on 37 counts over keeping top secret documents after he left the White House in January 2021 and allegedly obstructing government efforts to recover them.

Despite the damning charges, which include willful retention of national defense information and conspiracy to obstruct justice, Trump has continued to claim hes innocent and appears determined to stay in the 2024 presidential contest.

The notion that you could have a trial, defend it, be convicted, somehow win the election, be sworn in as a president, or whenever it happens, that seems inconsistent with our notion of fairness, of the rule of law, Holder said on MSNBCs Inside with Jen Psaki.

Holder added that he would hope that an impeachment proceeding would be triggered if Trump were to be found guilty while in office, and that he would ultimately be removed from the role.

The notion that a convicted felon ... would serve as president of the United States is absurd, is simply absurd, Holder said.

But Trump has said he has no intention of stepping aside.

Ill never leave, Trump told Politico Saturday. Look, if I would have left, I would have left prior to the original race in 2016. That was a rough one. In theory that was not doable.

Holder also expressed concern about Aileen Cannon, the judge who will preside over the case, saying she doesnt have the legal acumen to oversee a case of this importance.

Cannon, who was appointed by Trump in 2020, was criticized over her decision to grant the former presidents request for a special master to review the documents the FBI obtained during a search of Mar-a-Lago in August. Her ruling was overturned by a federal appeals court.

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I would hope that she would see within herself, or that somehow, some way, she is convinced that she should get off the case and some other judge should handle this matter, Holder said. I dont have confidence in her abilities to be fair, or to be seen as fair.

He added that Cannon as a presiding judge would have the power to affect the case in a number of ways.

But the one that concerns me the most is the notion of delay, and pushing this case, you know, past the general election, certainly well into the primary season, just by the way in which she schedules things, Holder added.

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Eric Holder Says It Would Be 'Absurd' For Trump To Serve As President If Convicted - Yahoo News

Ripple finally released the Hinman docs, revealing that Hinman ignored warnings from SEC officials and worked closely with Vitalik.

In a significant development in the Ripple vs. SEC lawsuit, Ripple has finally made public the long-awaited Hinman documents, shedding light on William Hinmans controversial speech and revealing a potential collaboration with Vitalik Buterin.

The recently released emails and speech drafts, unveiled after 18 months and multiple court orders, provide crucial insights into the behind-the-scenes details of Hinmans statement. Less than a month after Judge Torres ruled that the docs should be made public.

Stuart Alderoty, Ripples Chief Legal Officer, claims that the documents expose Hinmans disregard for warnings about the lack of basis for his analysis and its deviation from established legal principles outlined by the Howey test. This speech not only confused the market but also exposed gaps in regulatory oversight.

In his June 2018 speech, Hinman introduced the idea that a token would no longer be considered a security once it achieved a specific level of decentralization. He proposed new criteria to determine this threshold.

Initially presented as Hinmans personal opinion, the speech gained significance when the SEC later embraced it as guidance, with former SEC Chairperson Jay Clayton publicly endorsing it. Despite the SECs changing stance on the speech during legal proceedings, it remains accessible on the agencys website.

The newly revealed documents highlight concerns raised by senior SEC officials during the drafting phase. The Head of Trading and Markets (T&M) highlighted issues about the broad array of factors, suggesting they exceeded the scope of the established Howey analysis.

T&M recommended aligning the new factors more closely with the Howey test, but Hinman ignored this suggestion.

The Office of General Counsel (OGC) and T&M criticized a factor regarding the retention of interest in a digital asset, considering it legally irrelevant. However, despite objections, Hinman chose to include this factor in the final version of the speech.

Furthermore, the documents disclose that Hinman overlooked the initial jurisdictional inquiry into whether a digital asset met the legal criteria of a security. Instead, he focused on the potential benefits of SEC oversight, neglecting this regulatory loophole in his analysis.

On June 4, 2018, Hinman expressed that the SEC should not regulate Ether (ETH) as a security. Interestingly, the documents unveil that Hinman would later contact Vitalik Buterin, the founder of Ethereum, to confirm the operational structure of the Ethereum Foundation.

However, the OGC expressed concerns about explicitly mentioning ETH in the speech, as it could potentially restrict the agency from adopting a different position on ETH in the future. Nonetheless, ETH was still cited as an example in the final version of the speech.

In response to these revelations, Ripple demands the immediate removal of Hinmans speech from the SECs website. Ripples Chief Legal Officer calls for an investigation into the influences on Hinman, identification of potential conflicts of interest, and an understanding why the SEC promoted the speech despite its potential to cause further confusion.

Ripple also argues that Hinmans speech should no longer be considered in discussions on security classifications. The focus should instead be on impartially applying existing laws within jurisdictional boundaries rather than creating new laws, as Hinman allegedly did.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basics opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Ripple Releases Hinman Docs, Info Suggests SEC Collaboration with Vitalik - The Crypto Basic

Home Journal Unmasking the Mighty Whale: Inside the Intriguing World of $SHIBs Largest Holder

The world of cryptocurrencies never fails to deliver intriguing tales, and today we have our eyes on the mysterious whale making waves in the SHIB community. Shiba Inu (SHIB), a digital asset that has captured the markets attention, is once again in the spotlight as the largest holder accumulates a staggering $10 million worth of SHIB from major exchanges like Binance and Coinbase.

Lets delve into the details and try to make sense of this enigmatic figures actions amidst SHIBs remarkable growth.

Discover the Hidden Crypto Goldmine Before It Explodes on the Market!

Find High-Potential Token, yPredict, powered by its native token $YPRED, is emerging as a significant player in the crypto space. The presale YPRED, which is ongoing at ypredict.ai, has already raised over $2.25 million in seed round funding from early investors. As a new low market cap coin currently on presale, it powers an AI-based tool that predicts market movements and identifies high-potential tokens. The token also offers added utility for holders, unlocking access to a suite of analytics tools, including in-depth research into the tokenomics of upcoming crypto games and NFT projects. Get in on the Ground Floor and Unlock Exclusive Analytics Tools!

Recent reports have brought to light an address, 0x40B3, which has managed to accumulate a mind-boggling 1.5 trillion SHIB tokens, equivalent to a whopping $10 million. Although the exact context of this accumulation from Binance and Coinbase remains uncertain, the acquisition took place a mere four hours ago, further adding to the intrigue.

Its worth noting that the address currently holds a total of 5.3 trillion SHIB tokens, amounting to an impressive $35.5 million. Moreover, notable transactions involving this address include a transfer of 20 trillion SHIB tokens ($134.4 million) to 0x73AF on May 16.

Beyond the intriguing actions of the largest SHIB holder, another captivating aspect emergesSHIBs largest holder is a dead wallet believed to contain the SHIB burn from Ethereum co-founder Vitalik Buterin. This particular wallet currently holds a staggering 410,326,013,787,703 tokens, accounting for approximately 41% of the total supply. Interestingly, this wallet has also received additional SHIB burns, further deepening its significance within the SHIB ecosystem.

The recent decline in Shiba Inus value and popularity has raised questions about its future and whether new meme coins are poised to take its place. Despite the negative market sentiment and waning popularity, the Shiba Inu ecosystem is making good strides with the development of Shibarium, its dedicated blockchain platform. The launch of Shibarium, which has already recorded over 20 million transactions in its test network, is seen as a potential game-changer that could enhance the utility and value of the Shiba Inu token.

However, the timing of Shibariums release amidst unfavorable market conditions for altcoins has sparked debate. Some believe that launching Shibarium during a market downturn might not generate the desired excitement and hype within the community. Despite these concerns, the developers are aiming for a July or August release for Shibarium, giving the market some time to recover and potentially leading to a more positive reception for the new platform.

The future of Shiba Inu could be significantly influenced by the success of Shibarium. If it can deliver on its promises of lower transaction costs and faster transaction speeds, it could attract more users to the Shiba Inu ecosystem and potentially revive the tokens popularity. However, the impact of Shibarium on Shiba Inus price has yet to be seen, and the broader market sentiment towards the token remains largely unaffected by Shibariums progress.

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Unmasking the Mighty Whale: Inside the Intriguing World of $SHIB's ... - Captain Altcoin

Ethereums co-founder, Vitalik Buterin, has drawn a roadmap for what he believes to be the three main technical transitions required to ensure the success of the Ethereum blockchain. Will MillionaireGame (MG), rumored to be the next whale club on Ethereum, grasp this opportunity?

MillionaireGame (MG) is an upcoming meme coin on Ethereum. Unlike other generic meme coins, MG focuses on fulfilling an investors dream to become a millionaire. MG reflects the real wishes of investors who are hoping to hit the jackpot by investing small amounts in meme coins. As the MG game begins, a new millionaire will be randomly selected from the token holders every month.

Like Ethereum, MG is a project that emphasizes technological prowess. The MG game will be run by smart contracts, ensuring transparency and fairness. With a sustainable token economy designed such that as long as the token market cap is above $40 million with a 2% price increase, the Millionaire Game can continue for over 50 years, as claimed by the teams, making it the next dominating whale club.

The first transition Vitalik mentions is expanding Layer 2. Over the past few years, Ethereum has quickly witnessed the emergence of a Layer 2 ecosystem comprising Optimistic Rollup and Zero Knowledge-Rollup solutions. These solutions help reduce transaction costs, but the L2 space still needs to mature and expand further, as most activities still happen on the mainnet. Buterin warns that without Layer 2 expansion, Ethereum could face rising transaction fees, especially during market expansion or bull phases.

In his blog, Vitalik further stresses the importance of the second transition, wallet security. He emphasizes that potential security issues may deter users from storing funds on the Ethereum network, forcing them to opt for centralized exchanges. Vitalik also highlights the importance of privacy as the third transition. He expresses concern that without robust data privacy measures, users may be reluctant to use Ethereum.

Ethereums price experienced substantial volatility following Vitaliks announcement, but has since attained stability, underscoring Ethereums enduring strength. Simultaneously, MG has unveiled the presale price for its impending second phase, forecasting an encouraging 18% ascent in the token value. Investors drawn to the Millionaire Games innovative approach should closely monitor these unfolding events. An early-stage investment in a meme coin like MG presents optimal opportunities for substantial returns. However, its crucial to remember that this comes intertwined with the inherent uncertainties characteristic of all cryptocurrency ventures.

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Vitalik's Triple Call! Can MillionaireGame (MG) and ETH Seize The ... - Analytics Insight

Evaluating market trends and performance, assessing fundamentals and technology, understanding risk factors and volatility, and developing effective investment strategies are essential steps to make informed decisions. In this article, we will explore these factors in detail, providing valuable insights for those considering investing in Ethereum. Before investing also know about automated bots like Ethereum Code which can really make a difference in the trading outcomes.

Ethereums price history reveals significant growth and volatility. Since its inception, Ethereum has experienced substantial price fluctuations, reaching all-time highs and lows. Analyzing these price patterns can help investors assess the market sentiment and identify potential buying or selling opportunities.

Another important factor to consider is Ethereums market capitalization and trading volume. Market capitalization refers to the total value of all Ethereum tokens in circulation, while trading volume indicates the liquidity and activity in the market. Monitoring these metrics can provide a sense of Ethereums popularity and acceptance among investors.

In addition to historical performance, analyzing current market conditions is crucial. Factors such as market demand, investor sentiment, and regulatory developments can significantly impact Ethereums price and overall market trends. Staying updated with the latest news and market analysis can help investors gauge the current state of the Ethereum market.

Assessing the fundamentals and technology behind Ethereum is essential before making investment decisions. Ethereum is built on blockchain technology, which enables the creation and execution of smart contracts and decentralized applications (DApps). Understanding how these features work can help investors grasp the potential use cases and value proposition of Ethereum.

Smart contracts are self-executing contracts with predefined rules encoded into the blockchain. They enable the automation of various processes, eliminating the need for intermediaries and enhancing efficiency. Ethereums robust smart contract capabilities have attracted developers to build a wide range of decentralized applications on its platform, contributing to its ecosystems growth.

Scalability is a critical consideration for Ethereums technology. As more users and applications join the network, scalability challenges arise. Ethereum is actively exploring various solutions, such as Ethereum 2.0 and layer 2 scaling solutions, to address these issues. Investors should stay informed about these developments as they can impact Ethereums future growth and adoption.

Additionally, evaluating Ethereums development team and community is important. Ethereum was founded by Vitalik Buterin and a team of talented individuals. The expertise and vision of the development team play a significant role in the platforms success.

Investing in Ethereum, like any other cryptocurrency, involves risks and volatility. Understanding these factors is crucial to manage expectations and make informed investment decisions.

Cryptocurrency markets are known for their volatility, with prices fluctuating significantly in short periods. Ethereum is no exception, experiencing substantial price swings driven by market sentiment, news events, and investor behavior. It is important to be prepared for price fluctuations and have a risk management strategy in place.

External factors can also influence Ethereums price. Regulatory developments and government policies can impact the cryptocurrency market as a whole. Investors should stay updated on any potential regulatory changes that may affect Ethereums legality and acceptance. Compliance with regulations and security measures is crucial for long-term sustainability.

Diversification is a crucial aspect of investment strategy. While Ethereum may be a promising investment, it is important to diversify your crypto portfolio to spread the risk. Exploring alternative cryptocurrencies with different use cases and growth potential can provide opportunities for additional returns and risk mitigation. By allocating a portion of your investment to other cryptocurrencies, you can reduce the impact of any potential negative developments specifically affecting Ethereum.

Balancing risk and potential returns is a key consideration when diversifying your crypto portfolio. Higher-risk assets may offer the potential for greater returns but also come with increased volatility. Lower-risk assets may provide stability but may have limited growth potential. Finding the right balance based on your risk tolerance and investment objectives is crucial.

Investors should also stay informed about market trends and conduct thorough research before making investment decisions. Analyzing the fundamentals, technology, and market trends of each cryptocurrency can provide valuable insights. Additionally, staying updated with news, industry events, and expert opinions can help investors identify potential opportunities and make well-informed choices.

Conclusion In conclusion, investing in Ethereum requires a comprehensive understanding of the market dynamics, technology, and risk factors associated with this cryptocurrency. By carefully evaluating market trends, assessing fundamentals and technology, understanding volatility and risk, and implementing effective investment strategies, individuals can navigate the Ethereum investment landscape with greater confidence.

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Pre-investment Essentials for Ethereum Enthusiasts - Auralcrave