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.
Heard about Australia fires and not sure how to help out?
We are raising money for three different charities live right now!!
Lots happened today with special guests too!
https://t.co/rgqSPRllUV
Or https://t.co/0sPNrXy9EI
And thirdly WIRES - Donating helps rehabilitate injured animals and home stranded animals that have been affected by the bushfire. Itโs been estimated that over half a billion animals have been killed in the NSW bushfires since September.
https://t.co/PAq2r6BFxf
I am perfect in my life right now. I have an incredible relationship with my wife, amazing communication. I love my streams on mixer and the content Iโm producing. My relationship and balance with my friends and family. You cannot buy a healthy mental balance. โค๏ธโค๏ธ love you all