The SEC didn’t dismiss because it’s the right thing to do. The enforcement lawyers recommended dismissal because their bullying and intimidation tactics backfired. Simply put, they were going to be outclassed and embarrassed in the courtroom (just like the Hinman email hearing - where later the judge called them
Hypocrites and said they lacked faithful allegiance to the law).
Also, Hinman was going to be called as a witness by @bgarlinghouse’s lawyer no doubt. Remember, Judge Torres ruled the Hinman emails were most relevant for impeachment purposes on cross examination. SEC lawyers, especially the lead lawyer in this case, only like it when trials are totally stacked against the Defendant, with the chances of a Defense victory, slim to none. In the end, they did what most bullies do when you step up to fight back: they backed down. This was easy to see coming.
🚨NEW: @Ripple GC @s_alderoty responds to the dismissal of the charges against Brad Garlinghouse and Chris Larsen, calling it a “surrender” by the @SECGov. 👇🏼
🚨NEW: @Ripple files its response to the @SECGov’s anticipated interlocutory appeal.
The company, @bgarlinghouse and @chrislarsensf oppose the appeal on the following grounds:
1. The Court's Order Does Not Involve a Controlling Question of Law.
2 The SEC Cannot Show a Substantial Ground for Difference of Opinion.
3. An Immediate Appeal Will Not Advance the Termination of This Litigation.
Full letter below 👇🏼
We are excited to announce that we have partnered with @IxSwap, a top DeFi platform that enables secure trading of security tokens through licensed custodians. Learn about the many benefits of this collaboration on our Medium article!
https://t.co/8LeEp4CThS
🎮 Calling all gamers in the @Polylastic community! It's almost rebalancing time for the Gaming Index 🕹️ and we want your input! Which gaming projects should make the cut? Share your top picks!
#Polylastic $POLX #GamingIndex#CryptoGaming
💡 New to crypto? Start your journey with the Polylastic Index! It offers a beginner-friendly entry point, providing exposure to the broader market without the complexities of picking individual tokens.
#Polylastic $POLX #PolylasticIndex#CryptoIndex
We are pleased to announce an open collaboration with @FortaNetwork, a powerful decentralized security and operational monitoring network! Through this collaboration, we unlock endless possibilities in the world of #Defi and #security.
https://t.co/0FMbZ1uPwp
4. Judge Torres was appointed to the federal bench by President Barack Obama.
This has all helped to lower the temperature around this important ruling.
Nobody believes Judge Torres is out to help the "crypto bros."
She just applied the law, without fear or favor.
Well done.
A huge win today – as a matter of law - XRP is not a security. Also a matter of law - sales on exchanges are not securities. Sales by executives are not securities. Other XRP distributions – to developers, to charities, to employees are not securities.
The only thing the Court found constitutes an investment contract is past direct XRP sales to institutional clients. There will be further court proceedings only on these institutional sales per the Court’s order.
Update: Trading is now expected to begin in ~45 minutes, on or after 1:45 PT today, if liquidity conditions are met.
Follow along the launch of trading at @CoinbaseExch
🚨🚨ORDER ISSUED ON @SEC v @Ripple:
JUST ADDED to our Document Library:
Judge Torres GRANTS Summary Judgment Motion to Ripple, @bgarlinghouse & @chrislarsensf on all XRP sales except Institutional Sales, for which she grants motion to @SECGov
LINK TO RULING: https://t.co/wzEzJzRckw
Happy Friday, Polylastic family! The summer is in full swing, and so much is in the works in the Polylastic lab. Things are moving along very well and we are excited about recent developments. Please take a moment to review some of this week's events.
https://t.co/2kfy5dmomD
On $DSLA, one of the biggest benefits of risk-on positions—where you underwrite third-party risk—is Capital Loss Harvesting.
The new dApp will make it increasingly more explicit that SLAs are a useful tax instrument for corporations and individuals alike.