Like many of you, I thought the Biden Admin’s EO would acknowledge crypto, but not detail specifics on next steps for regulation. However, I was pleasantly surprised & inspired by the EO acknowledging the *need* for evolution and alignment of the govt’s approach to crypto.
UNDISPUTED FACTS TIMELINE ADDITIONS
2012: Perkins Coie (the same law firm that helped write ✍️ Hinman’s #Ether Free Pass Speech) informed @chrislarsensf#RippleCredits (aka #XRP) IS NOT a security;
The 2012 memo warned Larsen there was a risk under the Bank Secrecy Act (BSA);
Most will start buying #XRP when I start selling. Then these people will call me an idiot. It’s the same people who called me an idiot when I was bullish and bought $XRP below $0.15!
And all three of these guys leave the SEC after deciding to file the most significant enforcement action in 76 years. Hinman and Berger return to SImpson Thacher a member of the EEA (after paying Hinman $15 mil for the #Ether free pass speech - oops - I mean for “retirement.”
Over 30K international holders have signed up to fight the SEC. Over 34K U.S. residents signed. If each one of us utilize the Connect to Congress app (International tab for those outside the U.S.), we have a very good shot at getting one of the Banking Committees to act.