@BCBacker Ignore the noise @BCBacker. Your posts are top tier on X - always honest, to the point, backed by real arguments and facts. And your efforts saved bags of PLENTY people. To me, you're legend. Community owes you a lot bro...
Crypto market capitulation just happening. It's difficult to call top of the cycle, it's even harder to call bottom. Don't jump in too early, patience is the key now...
#XRP
#XRPCommunity#SECGov v. #Ripple#XRP The parties have filed a joint motion to hold the appeal in abeyance based on the partiesโ agreement to settle. The settlement is awaiting Commission approval. No brief will be filed on April 16th.
This is it โ the moment weโve been waiting for. The SEC will drop its appeal โ a resounding victory for Ripple, for crypto, every way you look at it.
The future is bright. Let's build.
#XRP ETFs will not be a price booster for XRP token. Yes, they are important step in institutional adoption. But look at ETH - no effect at all. The only thing that really matters in crypto is overall market sentiment, use case, inflation rate, liquidity volume and SEC. IMHO...
๐จSCOOP: Two well-placed sources tell me that the @SECGov vs. @Ripple case is in the process of wrapping up and could be over soon.
My understanding is that the delay in reaching an agreement is due to Ripple's legal team negotiating more favorable terms regarding the August district court ruling, which imposed a $125M fine on the company and included a permanent injunction preventing the company from selling $XRP to institutional investors.
The argument, Iโm told, is that if the new SEC leadership is wiping the enforcement slate clean for all previously-targeted crypto firms because it believes regulatory clarity will resolve the underlying issue, why should Ripple still be penalized? Accepting the Torres ruling as it stands would mean that Ripple is essentially agreeing to admit to wrongdoing โ but now the SEC itself is seemingly unsure whether any wrongdoing occurred.
Thereโs no real playbook for this kind of thing which could explain why this case is taking longer to resolve than the rest. Stay tuned.
@elonmusk Will of the people is tricky concept, constitution is what matters. No judge can create new law or order president to breach law. Judges are "only" serving the law. Trump has right to issue EOs within his constitutional authority. Judges cannot replace the executive/lawmakers.