@Neloangelo314 @xrp334 Many expect it tomorrow and do not have the years of patience for it to become reality. My #xrp will be held for many years to come. #apple took 40 years to turn $100 into $67,000. Think about and be patient. Get rich schemes do not exist.
Now that we are shifting into the next phase… follow the money and keep up to date on who will develop real use cases with crypto. #XRP is the catalyst for many bright future companies ahead. #crypto
Hidden road is estimated to move an average of $3 Trillion dollars volume annually and if 50% is across boarders….. Thats over $4 Billion daily… Now let’s say the average transaction size is $10 million @ just $85 a transaction via swift… this is a whopping $12 Million in fees annually. Via XRPL this is virtually $0. Welcome to the future and why XRP will change the financial system.
Ripple is acquiring prime-brokerage Hidden Road for $1.25 billion, marking the largest deal ever for the digital-asset company and one of the biggest in the history of the cryptocurrency industry https://t.co/ZuolDcwCXb
The final crossing of t’s and dotting of i’s – and what should be my last update on SEC v Ripple ever…
Last week, the SEC agreed to drop its appeal without conditions. @Ripple has now agreed to drop its cross-appeal. The SEC will keep $50M of the $125M fine (already in an interest-bearing escrow in cash), with the balance returned to Ripple. The agency will also ask the Court to lift the standard injunction that was imposed earlier at the SEC’s request. All subject to Commission vote, drafting of final documents and usual court processes.
That’s all folks!
@Coachjv_ I appreciate you @Coachjv_ your detailed explanation and education to the community in 2020 from your banking experience helped many understand the power of #xrp . You should dig up some of those old recordings to show how well you understood years ago.
Today, Ripple moves forward—stronger than ever. This landmark case set a precedent for the domestic crypto industry.
With the SEC dropping its appeal, Ripple is now in the driver's seat and we’ll evaluate how best to pursue our cross appeal. Regardless, today is a day to celebrate this victory.
This is it – the moment we’ve been waiting for. The SEC will drop its appeal – a resounding victory for Ripple, for crypto, every way you look at it.
The future is bright. Let's build.
Don’t worry all those that have been claiming for the last four years the case against @Ripple will be soon over….. will soon be right and claim they new it all along…. Patience is virtue…. #XRP
🇺🇸DAVID SACKS: THE DIFFERENCE BETWEEN THE CRYPTO STOCKPILE AND RESERVE
“The purpose of the stockpile is responsible stewardship; it’s a place for safekeeping, a centralized account, under the direction of the Secretary of the Treasury.
Now there's a couple of important differences between stockpile and reserve.
The executive order actually provides that the Secretary of the Treasury will not sell the Bitcoin - there's no such prohibition with respect to the stockpile.
If the Secretary of Treasury decides that it’s in the long term interest of the U.S to rebalance the portfolio or change the portfolio, the Secretary has the discretion to do that.”
Source: @theallinpod, @DavidSacks
The U.S. Office of the Comptroller just released an interpretive letter Explicitly allowing banks to use distributed ledgers/stablecoins for banking activities:
"We therefore conclude that a bank may validate, store, and record payments transactions by serving as a node on an INVN. Likewise, a bank may use INVNs and related stablecoins to carry out other permissible payment activities."
GREEN LIGHT!
https://t.co/DxxQvU77q2
Things may start to slow for Crypto, but we’ll get there. SEC Commissioner Hester Peirce Lays Out 10 Priorities for New Crypto Task Force https://t.co/XmtFEu0opR
Crypto Task Force website. Good for future reference. I like you can request meetings and the drop down categories for meetings notes and updates. . https://t.co/NIqP1pKea6
Will be an Interesting watch. Expect to hear more about the future categories of digital assets, which will be the beginning of the separation of real use case technology.