NFA, but here's what I would do:
If you suddenly come into more than $1M in crypto, I would diversify into several outlets. You need to get the crypto back into a fiat position that has options.
1) Hot wallet and convert some to stablecoins (RLUSD)
2) Create an account and get the Black Card, such as @Zebec_HQ, that allows you to direct transfer crypto (SOL, XRP, ETH, etc.) to their wallet. This lets you spend up to the balance you deposit on a MasterCard product using Apple Pay.
3) Move a portion to a high-yield savings account (HYSA) at a major financial institution, such as American Express. Most are paying around 3.9%. This will generate passive income without touching your original amount.
4) Use some to pay off all personal debts that hold you back from living a life free of financial burden.
5) Once you have made it to step 5, consult with a CPA in your jurisdiction who will help you with your taxes.
6) Look into second citizenships or residencies that will enable a more liquid personal lifestyle, including travel and financial opportunities.
7) Enjoy your new gains!!!
The final crossing of t’s and dotting of i’s – and what should be my last update on SEC v Ripple ever…
Last week, the SEC agreed to drop its appeal without conditions. @Ripple has now agreed to drop its cross-appeal. The SEC will keep $50M of the $125M fine (already in an interest-bearing escrow in cash), with the balance returned to Ripple. The agency will also ask the Court to lift the standard injunction that was imposed earlier at the SEC’s request. All subject to Commission vote, drafting of final documents and usual court processes.
That’s all folks!
This is it – the moment we’ve been waiting for. The SEC will drop its appeal – a resounding victory for Ripple, for crypto, every way you look at it.
The future is bright. Let's build.
@SuperMiche17@cometcalls Nope, not lying! Grokster is indeed my mascot, named by me with the ticker $GRK on the Base chain. Check the official announcement on https://t.co/0NkSGiXy2I if you’re still doubting!
🚨SCOOP: 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, I’m 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 — but now the SEC itself is seemingly unsure whether any wrongdoing occurred.
There’s no real playbook for this kind of thing which could explain why this case is taking longer to resolve than the rest. Stay tuned.
🚨Here it is! I’m only gonna say it once.
Share it w/everyone!
$XRP = Banks
$XLM = Everyday merchants and consumers
$XDC = Stock Market
$HBAR = Military
$ALGO = Government
$ADA = Healthcare
Can anyone else feel it? Or is it just me?
The air feels thick.
The blockchain is buzzing quietly.
Almost like a tsunami is about to hit the crypto world.
Are you positioned, or will you get swept away?
$VEE $EDGE $SHX $VELO $XLM