By passing this one act, the GOP will save the republic AND rescue the GOP. If they fail, we all fail. 80% off all Americans want this - you need ID for everything except voting. There is only one reason not to pass this and we all know what it is. GOP save the republic, save the Republican Party from itself. PASS THE SAVE ACT.
Despite some speculation, $RLUSD isn’t launching today. We’re in lockstep with the NYDFS on final approval and will share updates as soon as possible.
We are fully committed to launching under the supervision of NYDFS and upholding the highest regulatory standards. Stay tuned for updates!
@RepRitchie He refuses to answer questions and he refuses to give up any ground on regulations. I don’t know how he keeps his job after 3yrs and not 1 positive step in regulation 🤷🏿♂️.
The most important part of this ruling:
“XRP, as a digital token, is not in and of itself a “contract, transaction[,] or scheme” that embodies the Howey requirements of an investment contract.”
This is a now a matter of law (not up for trial.)
Following the decision, XRP’s price skyrocketed by up to 98%, hitting a peak of $0.93. The sudden surge in XRP demand also caused a temporary outage on U.S. crypto exchange Uphold, which reported a “simply unprecedented” volume spike.