Congress Implicated In Obamacare Scandal
They didn’t fess up willingly. But after we applied the appropriate pressure, government officials responsible for operating the Washington D.C. Obamacare “Small Business Exchange” have finally admitted that Congress is taking advantage of health benefits its members and staff are not entitled to claim.
At least 12,359 members of Congress, congressional staffers, and their spouses and dependents currently purchase health insurance in D.C.’s Small Business Exchange even though Congress far exceeds D.C. law’s 50-employee limit for participating in the exchange. That’s why we filed a lawsuit in October on behalf of Kirby Vining, a D.C. taxpayer, against the D.C. Health Exchange Authority. In a court filing, the D.C. government conceded that, under D.C. law, the U.S. Congress is not permitted to obtain insurance through the District’s Small Business Exchange. But members of the political class, true to form, do not believe t
Bitwise Liquidates XRP Investment Thanks To Ripple’s New SEC Lawsuit
Last Updated: 24 December 2020
Bitwise Asset Management stands as one of the largest crypto fund managers out there. In a damming move, the fund manager had fully divested its XRP holdings as a response to the latest backlash against Ripple from the Securities and Exchange Authority, or SEC.
Bitwise Pulling Out Of XRP
Bitwise, by way of its official press release made on Wednesday, gave its reasoning for its XRP liquidation. Simply put, the fund refrains from investing in assets that are most probably classified as securities within the US federal or state laws. As such, the fund manager has opted to liquidate its holdings in XRP. The decision was spurred thanks to the most recent public information published through the complaint from the SEC.
The Asgard document, a copy of which has been obtained by
Money Management, also makes clear that advisers cannot avoid the underlying paperwork by focusing on servicing wholesale or sophisticated investors.
It said that although the consent requirements do not apply to wholesale or sophisticated investors in relation to their investment accounts, they do still apply with regards to their super accounts.
“In the interests of ensuring all clients are aware of and agree to the fees deducted from their accounts, we will require wholesale and sophisticated investors to follow the same consent process as retail investors,” the Asgard document said.