The SEC asked for $2B, and the Court reduced their demand by ~94% recognizing that they had overplayed their hand. We respect the Court’s decision and have clarity to continue growing our company.
This is a victory for Ripple, the industry and the rule of law. The SEC’s headwinds against the whole of the XRP community are gone.
Ripple launching U.S. dollar stablecoin. -> Having pools of liquidity that are native to the XRP ledger complement & help grow the XRP ecosystem. Number one request we get from the XRP community is to launch a USD-backed stablecoin on the XRP Ledger. https://t.co/pY98TWV6VG #xrp
Is the U.S. heading towards a 32 hour work week? Business leaders like JPMorgan Chase
CEO Jamie Dimon & Bill Gates think that people could eventually work as little as three days a week because of innovations in AI.
https://t.co/oiHdyH1yA1
There is a different vibe around being laid off. "This is a sea change for work culture. Getting laid off or fired was once a process kept relatively private. But today's workers have shaken off whatever stigma was once attached to job loss." https://t.co/4YfUaOyVI5
The layoff train is still rolling but there are generally more cuts in December and January. Keep the faith -> "hiring across the US economy remains strong: The unemployment rate declined to 3.7% in December".
https://t.co/LeeA6XUQEk via @MorningBrew
Internet access needs to be viewed as a utility (like trash pickup and electricity). Not sure if the broadband affordability act is the answer but there needs to be something in place. https://t.co/jc4Crv8u5W via @etechbrew
There was no way this was going to be ok. —> Hollywood studios reportedly want to recycle dead actors’ AI likenesses without family permission https://t.co/iQrQFmBKPS
Today was an even better day.
Ripple: 3
SEC: 0
In all seriousness, Chris and I (in a case involving no claims of fraud or misrepresentations) were targeted by the SEC in a ruthless attempt to personally ruin us and the company so many have worked hard to build for over a decade.
The SEC repeatedly kept its eye off the ball while secretly meeting with the likes of SBF – failing again and again to protect US consumers & businesses. How many millions of taxpayer $ were wasted?!
Feels good to finally be vindicated.