In other words, view the fair notice defense as insurance. It’s an issuance policy that kicks in if Ripple loses on a Howey application. Thus, I’m leaning on no settlement and a decision by the judge. The timing of a decision depends on how long it takes Judge Torres to decide.
@attorneyjeremy1@JohnEDeaton1 do you gentlemen think Ripple will reference the executive order in any new pleadings? Specifically the consistency w allies (xrp not a security in other countries) and “driving US competitiveness” w BTC/ETH be potentially influenced by China?
@GaryGensler if tens of thousands of retail investors and 2 of your 5 commissioners disagree w/ you, maybe it’s time to have some humility and rethink your stance here. It’s not too late to do what’s right for US innovation!
"One area where the chair [Gary Gensler] and I don't see eye to eye is the lack of clarity around when something is or is not a security," @SECGov commissioner @HesterPeirce says.
She unpacks the Token Safe Harbor Proposal 2.0, DeFi regulation and more: https://t.co/fwaQe28lgY
@FlareNetworks Option 1 sounds like wishful thinking in regards to the tax situation with the IRS. That probably won’t be as smooth as it sounds in theory. The question then is are we okay with immediate selling pressure when the network launches and the 15BN circulating supply vs 100BN
@JohnEDeaton1@Ripple Seems like this could spark settlement talks. Depending on what’s in those documents, SEC could end up looking ridiculous. They get a small fine from Ripple, blame it on previous administration and save face