@BCBacker@davidsacks47 In regards to those he mentions “assets other than bitcoin forfeited in criminal or civil proceedings”. So they may already own some of those, but can’t be very much. Also creates an interesting scenario if ripple can pay the SEC penalty in XRP knowing it will go to the reserve
@BCBacker@davidsacks47 In regards to those he mentions “assets other than bitcoin forfeited in criminal or civil proceedings”. So they may already own some of those, but can’t be very much. Also creates an interesting scenario if ripple can pay the SEC penalty in XRP knowing it will go to the reserve
@bgarlinghouse@JohnReedStark@60Minutes Stark is either very uninformed about the industry in which he practices
Or
Is committing some “boldfaced misrepresentations”
@bgarlinghouse@JohnReedStark@60Minutes 1 - Crypto technology is being used in real businesses to make payments more efficient.
2 - Judge in Ripple case ruled the xrp token as “not a security”.
3 - the US gov would prefer all crimes use cryptocurrency, as most are traceable (compared to anonymous cash)
@WKahneman I don’t think we can be sure it’s fake. They sent a legit ETH filing through last week, but Delaware did zero due diligence on another BLACKROCK filing just days later… they don’t talk?
And their spokesperson denied an ETF. This was technically for a trust
@XRPeasy@XrpJackson@XRPayNet XRP once had a reported price of well over $3. But that price was computed including exchanges where the asset on the other side was converted into dollars using an "official exchange rate" that was too high. The real all-time high is about $2.80.
CFTC suing Binance for Ethereum as a commodity while SEC sues Kraken it’s a security.
Courts will eat them alive. We are going to read some historically scathing judgements.
This is the EXACT thing the Courts love to do most.
@attorneyjeremy1@JohnEDeaton1 would this have any effect in the Ripple case? Any effects elsewhere in the market, or do we just have to wait for congress to clarify?
https://t.co/L1MWwasRlj
Govt declares cryptocurrencies are NOT securities. In two opinion letters, IRS Chief Counsel office declares that cryptocurrencies are not securities. Obviously, IRS disagrees with #SEC#XRP. 🫢 IRS Ruling 202302011 & 202302012
2023 Predictions
1) The @Ripple case does not settle until AFTER we get a decision from Judge Torres;
2) An exchange (maybe more than one) is sued for selling unregistered securities;
3) investigation into SBFraud meetings uncovers bad 💩;
4) Gensler resigns before the eoy.
@UpholdInc when withdrawing FLR, do customers need to send to a FLR address or a Wrapped FLR address? Some of your info says that the FLR on your platform is automatically stored in WFLR. Thank you.