@Belisarius2020 🙏 I will say this to anyone: if you claim to be a supporter of the crypto industry and you read the Complaint against Ripple but supported the SEC, you are the problem and are no representative of the industry. You can’t support crypto while supporting the SEC’s Complaint 🆚 XRP
Remember when the SEC claimed in May that there was no need to provide the staff's internal views on Ethereum & Bitcoin because they had made enough public statements about them? And then in August they claimed that those public statements were just personal opinions?😂INSANITY!
Tip: When Jay Clayton plays the "I can't comment on that". Keep asking him following up questions until he has to either answer or quit the interview. That's what journalists used to do. Keep the powerful honest and accountable.
What’s more troubling than going back to Simpson Thacher (a member of the EEA that paid him $15M while at the SEC), is becoming a partner at Andreesen Horowitz’s $2.2B crypto fund after they helped write ✍️ his #Ether free pass speech. @JoeSquawk@BeckyQuick@andrewrsorkin
"Yes I do work for Apollo Global now & invited their Chief Legal Officer to join me at the SEC Asset Advisory Committee & I also let them manage my personal investments, but beeing honest: I've never heard of this company. Trust me! What was its name again? Abol What? Abolgolab?"
I'll tell you one thing: Switzerland is a haven for international criminals - but something as corrupt as the @SECGov would be absolutely unthinkable in this country. Simply unthinkable. In 2012 the Chairman of our National Bank had to resign because his wife bought dollars,
If the SEC truly believed its case against @Ripple and its claim that all XRP are securities, it would’ve sought a preliminary injunction to stop the continued alleged illegal sales of XRP by Ripple @bgarlinghouse@chrislarsensf & @JedMcCaleb. Jed has made over $2B since lawsuit.
Serious question: Why is it up for debate that what led to tBitcoin & Ethereum regulation should be confidential / DPP? The @SECGov is a government agency that is funded by the public. Their stated goal is to create transparency, trust & fairness. Why is this even up for debate?!
Every upgrade to a public blockchain has a surprisingly high initial cost because every single user of that blockchain has to, at a very minimum, ensure that feature doesn't break anything they're currently doing with a high penalty for getting it wrong.
JAY CLAYTONS OLD LAW FIRM Sullivan & Cromwell. The firm handles high profile work such as government investigations. It is one of the most profitable law firms in the world, with 2020 profits per partner exceeding $5 million. GOVERNMENT INVESTIGATIONS HUH 🤔
Criminal investigation is needed to look at the actions being highlighted of Lubins, Buterin and by the @SEC past and present. They look to have caused great damage to, not only investors they are supposed to protect in the USA, but also worldwide! @elonmusk
But @GaryGensler and his Wall Street friends are willing to stifle crypto in the short run to make sure they monopolize it in the long run. Ethereum 2.0 security issuance in progress.
Regulatory Capture is a form of corruption of authority that occurs when a political entity, policymaker, or regulator is co-opted to serve the commercial, ideological, or political interests of a minor constituency.(ETH Free Pass at the expense of the crypto industry)👀👀RETWEET
The ability to issue and trade IOUs on a DEX was a genuine advancement in the capabilities of blockchains, introduced by the XRPL.
It’s amazing that almost a decade in and people don’t know about the XRP Ledger and its basic built-in functionality.