The SEC made a serious mistake going after Brad & Chris personally – and now, they’ve capitulated, dismissing all charges against our executives. This is not a settlement. This is a surrender by the SEC.
🚨BREAKING: The @SECGov’s case against Ripple’s @bgarlinghouse and @chrislarsensf has been DISMISSED after both parties agreed to the dismissal. This means there will be no trial in April of next year.
I don’t care that @GaryGensler taught at MIT. The man has has no clue what is or isn’t an investment contract aka, a security. According to him, if an asset is being promoted by someone it transforms the asset into a security. He completely ignores the fact that U.S. securities laws do not apply to the purchase of an asset for non-investment use cases. If you asked Gensler what the U.S. Supreme held in the Forman case, do you think he could tell you? I doubt it. More importantly, he doesn’t give a shit what the law says. The SEC has publicly admitted that it ignores the common enterprise factor of the Howey test. It’s on the @SECGov website today. Gensler must go.
“This village beat the bully.” @bgarlinghouse celebrating a landmark legal victory for crypto over the @SECGov with thousands from the #XRPCommunity last night in NYC
📰 @Ripple, Tranglo & SBI Remit have announced a joint venture, SBI Ripple Asia. The primary focus of this collaboration is to introduce Ripple’s XRP-enabled remittance solution to bank accounts in the Philippines, Vietnam & Indonesia starting this month.
Since 2017, SBI Remit has harnessed Ripple's technologies for cross-border transactions & in 2021, introduced a unique Ripple-powered crypto solution for money transfers between Japan & the Philippines.
The expanded service targets countries with large remittance corridors. Partnering with Tranglo, the initiative will use #XRP as an intermediary currency for speed, cost-efficiency & enhanced scalability in global transactions.
Crypto critic/x-SEC official @johnreedstark says there should be an investigation into Bill Hinman. This is broader than Ripple - there could potentially be serious conflicts of interest by a gov official. An investigation will either put it to rest or hold folks accountable.
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No response after 88-days?
While having 15% support of Democratic Party?
With a last name that has a history of needing protection?
Meanwhile, Hunter Biden arrives to court with a six-car, taxpayer-funded motorcade with secret service agents?
XRP is not a security.
This victory for @Ripple is a win for the entire industry and a step toward regulatory clarity in the U.S.
A huge thank you to @bgarlinghouse, @chrislarsensf, and @s_alderoty for their leadership and the #XRPCommunity for their continued support.