Uphold is back up!
Yes, we went down but no platform could cope with the 50x spike in volume we saw today.
Uphold feels proud and vindicated to have been THE ONLY platform to stick with XRP through thick and thin over the past few years.
Weβd love to give props to our law firm Paul Hastings who gave us the confidence to make the right call when every other U.S. venue listened to other counsel and delisted XRP at the first opportunity.
It is unforgivable that we went down today. That said, in 2021, when all other major Exchanges went down during explosions in activity, Upholdβs uptime was better than that of Coinbase and Binance.
Todayβs spike in volume was simply unprecedented. The 10x scaling buffers we put in place after the 2021 boom, were simply not enough to handle the spike. We have resolved that now. We are doing everything in our power to handle these elevated loads.
Today is confirmation that maximum U.S. Regulatory FUD is behind us. Itβs time to celebrate.
BREAKING.π¨
New Senate bill proposes new federal agency to police digital media.
It would have the authority to fine users for "misinformation" and "hate speech."
https://t.co/sJcP5hED3h
Yep. To correct a long series of abuses, I am introducing legislation that removes the Chairman of the Securities and Exchange Commission and replaces the role with an Executive Director that reports to the Board (where authority resides). Former Chairs of the SEC are ineligible.