HR: we can't approve your vacation request because we have nobody to cover for you.
Employee: well I'm taking my vacation whether you approve it or not. Tickets are purchased and rooms are booked.
HR: well if you do, we'll have to fire you.
Employee: so you can't cover my position for a week, but you can cover it indefinitely?!?
You want to know what state can be great when innovation and technology are fostered and welcomed:
MASSACHUSETTS.
We have the world’s leading institutions like Harvard, MIT, and many others. We should be fighting to get a company like Nividia to come here and set up shop. Instead, we have a partisan hack Governor in @maura_healey who would literally forego hundreds or even thousands of great paying jobs if it looked like President Trump might get some credit.
My position:
WHO GIVES A SHIT 💩 who gets the credit, we want the jobs and technology here!Period.
IT'S OVER! The SEC v Ripple case has been quite a journey - thanks for sharing it with me.
$125 Million penalty and a GENERIC injunction Order.
This is a BIG win for Ripple, no doubt about it. Have a Wonderful Day!
The SEC issues stop orders blocking registration statements when they’re untrue. One that says “I am not registering as a broker-dealer, a securities exchange or an ATS because I am not trading securities” should have been blocked if the SEC believed that statement was untrue.
7/T&M directly asked Hinman to tie his newly invented factors “more closely and explicitly to the Howey analysis.” Again, Hinman ignored the suggestion.
6/Head of Trading and Markets (T&M) said, “because the list of factors is so extensive – and appears to include things that go beyond the typical Howey analysis – we have concerns this might lead to greater confusion on what is a security.” Hinman ignored those concerns.
1/ It’s been 5 years since Bill Hinman gave his infamous speech – and through the SEC’s lawsuit against @Ripple (and 7 court orders), we can finally share what happened behind the scenes through the now public emails / drafts of the speech.
8/Office of General Counsel (OGC) and T&M called this factor legally irrelevant “Has this person or group retained a stake or other interest in the digital asset such that it would be motivated to expend efforts to cause an increase in value in the digital asset?” Hinman kept it.
9/T&M and OGC noted Hinman skipped over the threshold jurisdictional question of “whether a digital asset meets the legal standards of a security.” He jumped to asking whether SEC oversight could (in Hinman’s view) be beneficial. Hinman ignored this “regulatory gap.”
10/ On June 4, Hinman wrote that he didn’t see a “need to regulate ETH as a security” and would call Buterin later that week to confirm “our understanding.”
11/On June 12, OGC expressed its “reservations about including a statement directly about Ether in the speech … because it would make it difficult for the agency to take a different position on ETH in the future.” ETH remained as a cited example.
14/ And finally, Hinman’s speech should never again be invoked in any serious discussion about whether a token is or is not a security. Unelected bureaucrats must faithfully apply the law within the constraints of their jurisdiction. They can’t - as Hinman tried - create new law.
13/An investigation must be conducted to understand what or who influenced Hinman, why conflicts (or, at the very least, appearances of conflicts) were ignored, and why the SEC touted the speech knowing that it would create “greater confusion.”
I say we #XRPCommunity take a minute and thank @JohnEDeaton1 for the impressive, generous and kickass person that he is. Today should be "John Deaton Day"... Thank you John 🙏👊
#XRP#XRPHolders#XRPArmy