RF

[RF @ryfo11]

People smarter than me.

Ripple owns XRP II, LLC. Fully owned subsidiary. It is a Fincen registered money transmitter license.

Could Ripple register a XRP ETF via XRP II?
CBOE future contracts. With ‘physical’ delivery from escrow after 1 month.
@JohnEDeaton1 @WKahneman

[RF @ryfo11]

@MetaLawMan @Belisarius2020 It’s threading the “post sale obligation” needle.

Early sales (discount, lockup, etc) compare to ODL (at fair value? Immediate use? Treasury distribution?)

But how to resolve revising a narrow but important part of her decision?

[RF @ryfo11]

@MetaLawMan @coinbase This is long form similar to Ripple initial SJ defense. Rooted in blue sky laws.

[RF @ryfo11]

@khughbreslin @Mark_Phillips @WarrenDavidson Sometimes it’s old fashioned politics.

Pre trump ripple board had heavy Clinton era D influence. Ben Lawsky, Gene Sperling.

Trump win was a huge political pivot.

Apart from Craig Phillips (Mnuchin) do we see the board lean R or D?

[RF @ryfo11]

@Belisarius2020 @JoelKatz They cannot move past “embodiment theory”

If ever truly validated- where is the line between commerce and investment on other goods traded for value?

[RF @ryfo11]

@attorneyjeremy1 @Belisarius2020 Layman logic is this.

SEC seems to still seek a way to suggest XRP is a security.

Logic: according to SEC what legal way can ripple sell XRP?

If none. Doesn’t that make it a “de facto” security.

[RF @ryfo11]

@JohnEDeaton1 @attorneyjeremy1 @FilanLaw @Belisarius2020 @s_alderoty

How many years of law school do I need to be as elegant as Judge Torres?

Swipes away government over reach with a single sentence. In a paragraph that she is “chastising” the defendants.

Brilliant!

[RF @ryfo11]

@attorneyjeremy1 Her quote implies that any challenge to ‘secondary sales’ would have to be a distinct scheme or group of individuals. To satisfy howey as a whole.

No way you can apply that to exchanges at large.

[RF @ryfo11]

@JohnEDeaton1 @StubHub

Care to weigh in? Your legion of security lawyers offering input on the possibility you have received wells notices over the years.

None? 🤔🤔🤔

Now that can’t be right…

[RF @ryfo11]

Funny https://t.co/kMMF1AvIrJ

[RF @ryfo11]

https://t.co/RlSrBwZf5p

[RF @ryfo11]

@WKahneman From as provided and touted here, no.

My inference is from the creative use of $ending money and other potential nods to ILP.

Clearly, I’m reading between lines, a little ahead of what is listed in the post.

[RF @ryfo11]

@WKahneman https://t.co/xXe74msi86

In action. This is the service that will allow you to have an “email address”. I.E. “ABC$example.com”

There was a US available app Payme+ that no longer works but allowed custom paystring addresses.

[RF @ryfo11]

but do you have a prediction if Ripple's defense clearly hid this from everyone? or was the SEC clued in behind the scenes of these arguments already?

Thanks for any consideration.

[RF @ryfo11]

@attorneyjeremy1 @FilanLaw @JohnEDeaton1 @Belisarius2020

Tagging a few attorneys for a question.

Jeremy, your video did an excellent job describing the Ripple motion as legal Aikido. Flipping the SEC arguments on their head, or a leg sweep.

[RF @ryfo11]

This primary summary judgement filing clearly doesn't touch it, but really seeks to exclude XRP sales from Howey consideration, let alone application.

So, in your best guess, I know it's more than a feint because FN has teeth as a defense.

[RF @ryfo11]

@Mark_Phillips Great thread.

To add another layer, it’s beyond a defense, and also an attack. By quoting W. Va vs. EPA - they argue the SEC is going beyond its congressional mandate.

The SEC will spend significant time defending itself in reply which every page of defense is -1 attacking

[RF @ryfo11]

@Mattes55 @jerrybrito Considering miners operate nodes, and if 51% of said nodes updated their software, would that not be sufficient for a code update?

[RF @ryfo11]

@jerrybrito Back in 2019 with the binance hack, there was active discussion to have miners collaborate for a 51% “reversal” of the chain. Quoted are major mining pools at the time. Many less than 50 mentioned. It was decided not to proceed, ability to was accepted as possible.