First: As I predicted, the Hinman letter would be a big dud. It’s meaningless decrypt.co/144569/xrp-drops-…
Next: Any chatter (2013-15) about #Bitcoin from the SEC is meaningless. It’s beyond their reach. Gensler has said this and he’s right.
The SEC will go after *BOTH* ETH & XRP as unregistered securities. The SEC works for the bank cartel and they run a protection racket for the banks. They’ll cite national security & the patriot act if needed, but no way will ETH/XRP make it.
You point about liquidity is spot on, and this effectively ’kills’ these projects.
“Code is not a security” is a dead end argument, IMO. Deserves a separate thread.
But what *is* problematic is that it can be shown, IMO, that Ripple/XRP knowingly created a fraud seeking to circumnavigate regulations.
Quoting @JohnEDeaton1:
Max, the SEC can’t “kill” XRP. I’m sure you’re aware that in 2013-2015 some people at the SEC were calling #Bitcoin a security (which is insane).👇 is a video of Joe Grundfest in 2015 discussing it. Don’t get me wrong the SEC can and has caused damage (ie dry up liquidity) and can scare some to delist, but a transient regulator like Gensler will be gone in 2 years. Software code is not a security. Even if the Judge decides Ripple violated Section 5 at some point, that doesn’t make XRP a security. I’m sure you’ve seen how ETH was favored because of regulatory capture by a group of investors. That’s your SEC at work. A level playing field with the best technologies winning is the America I want to live in.
piped.video/vLU4B8L-ROc https://decrypt.co/144569/xrp-drops-markets-digest-hinman-documents-sec-court-case
maxkeiser / Max Keiser, sr. bitcoin advisor pres. Bukele 🌋🧢
npub1wd…rsra0
2023-06-25 03:20:35
Author Public Key
npub1wd3cyhecjdyqdxwx7s4yqqq7le6l8jvh6f66suwcr5tc5arlz0cs3rsra0Published at
2023-06-25 03:20:35Event JSON
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"content": "First: As I predicted, the Hinman letter would be a big dud. It’s meaningless decrypt.co/144569/xrp-drops-…\n\nNext: Any chatter (2013-15) about #Bitcoin from the SEC is meaningless. It’s beyond their reach. Gensler has said this and he’s right. \n\nThe SEC will go after *BOTH* ETH \u0026 XRP as unregistered securities. The SEC works for the bank cartel and they run a protection racket for the banks. They’ll cite national security \u0026 the patriot act if needed, but no way will ETH/XRP make it. \n\nYou point about liquidity is spot on, and this effectively ’kills’ these projects. \n\n“Code is not a security” is a dead end argument, IMO. Deserves a separate thread. \n\nBut what *is* problematic is that it can be shown, IMO, that Ripple/XRP knowingly created a fraud seeking to circumnavigate regulations.\n\nQuoting @JohnEDeaton1:\nMax, the SEC can’t “kill” XRP. I’m sure you’re aware that in 2013-2015 some people at the SEC were calling #Bitcoin a security (which is insane).👇 is a video of Joe Grundfest in 2015 discussing it. Don’t get me wrong the SEC can and has caused damage (ie dry up liquidity) and can scare some to delist, but a transient regulator like Gensler will be gone in 2 years. Software code is not a security. Even if the Judge decides Ripple violated Section 5 at some point, that doesn’t make XRP a security. I’m sure you’ve seen how ETH was favored because of regulatory capture by a group of investors. That’s your SEC at work. A level playing field with the best technologies winning is the America I want to live in. \n\npiped.video/vLU4B8L-ROc https://decrypt.co/144569/xrp-drops-markets-digest-hinman-documents-sec-court-case\n\n",
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