Ripple's case is over, but the 'fair notice' defense is still alive for others. The SEC cites the 2017 DAO report as industry notice that 'crypto asset securities' are subject to US securities laws. Seven years later, the SEC apologizes to a federal judge—surely a person of at least ‘ordinary intelligence'—for the confusion it invited by using the inherently unclear term.
The entire @FlareNetworks is collaborating to light up this summer...
@XDFiProtocol, a non-custodial futures market, is launching its beta on June 25th.
@Kinetic_Markets - first lending protocol on Flare - Just conducted a testnet event.
@Rainprotocol, a unique intents-based DEX, has recently been launched. Its founder, @HighOnHopium, will be showcasing its advanced strategies powered by the FTSO at ETHCC.
The first native stable on Flare, $USDX, has already seen impressive adoption with its dedicated T-Pool on @ClearpoolFin reaching a TVL of $11M.
@SceptreLS, the first liquid staking protocol on Flare, has secured over 136M FLR tokens ($~4M) staked within just 3 days.
@Enosys_global AMM DEX just launched v3 public testing on Coston.
The @Flare_Labs team is working tirelessly. FAssets open beta phase 1 is live with 32 agents registered and 156K FTestXRP minted. The FTSO upgrade is also progressing at pace on both Songbird and Flare.
And to everyone spreading the love about Flare, thank you.
Let's have a good time in the sunshine, and enjoy #FLRfiSummer ☀️☀️☀️
#ShipEverything
Gensler overplayed his hand. He thought crypto was an easy target. He relished being the guy that everyone loved to hate. He thought he was above Congressional oversight. That’s all gone. He’s now a struggling political liability.
There’s one thing all of us in tech can agree on – it’s high time we dismantled the scammers once and for all. Proud that @Ripple is joining this coalition along with other industry heavyweights!
The Ripple v. SEC briefs are FINISHED!
And I think the SEC went out with a whimper here.
It didn't even try to attack ODL sales, just noting that Ripple was trying to re-litigate the issue (which it is).
And it brought nothing new on damages.
Just waiting for The Judge now!
As promised, here I am gulping coffee, discussing Ripple's Remedy Brief, and hypothesizing about how/when the Ripple v. SEC case will END.
Watch the last minute if you also want to see the most beautiful Angel ever sent down to earth to dillydally amongst us humans. Sorry world, she's mine!!
Feels apropos that we file our response on the same day that 2 SEC lawyers “resign” for their (mis)conduct in the Debt Box case…
The US will be picking up the pieces of the agency’s disastrous policies long after Gensler is gone.
Our opposition to the SEC’s request for $2B in penalties for legacy institutional sales is now public. In a case that had no allegations (or findings) of recklessness or fraud, and in which Ripple won on significant issues, the SEC’s ask is just more evidence of its ongoing intimidation against all of crypto in the U.S.
We remain confident that the Judge will approach this final remedies phase fairly.