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peanut56

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  1. https://www.crypto-law.us/wp-content/uploads/2021/10/Defendants-Reply-to-SEC-Letter-w-Submission-In-Cam-10222021-Copy.pdf [
  2. We think, with a high probability, that the former SEC administration was/or currently involved with behind the door deals or at the very least compromised due to personal interests. We can bash the current SEC administration for continuing the law suit with Ripple and XRP without really explaining their ground besides the "we said so" approach. At its current trajectory it is a toss up. That said their motivation may have nothing to do with hurting ripple, but a power grab in government regulation. I think at this point it is not about the SEC trying to hurt Ripple in particular, but trying to maintian power, status, and future funding by the U.S. government. The reason I say this is it looks to me and others, although bias could definatly been an issue with my personal perspective, is hat government agencies are funded by, well taxes, and efficiency or capability tend to not be a determining factor in how much funding they recieve. If the SEC can manage to have a legal precedence on regulating cryptocurrencies then they will essentially be in charge of digital assets for as long as they remain a part the financial system setting up decades or funding for the SEC. A little back story, I was talking to a former military person, and they said how they hung a picture in their office. Their boss saw, and made them take it down, hire a crew, that was paid for with tax dollars, so that they could spend money so that next year they wouldn't loss funding. All I'm saying is I think this is less about xrp being a security and more of a financial and power grab by the SEC that fell into chairmen Gensler's hands, due to the nafarious actions of the previous administration. Long term I feel they are looking at what could become long-term permanent funding for the SEC as they will need more people and more attorneys for life of digital assets if the SEC can get the power grab, by enforcment. This lawsuite very well be all to do with funding from taxes dollars, not funding from enforcment, and the akward case is nothing more than an opportunity.
  3. Thanks Hall1000 I was looking for this earlier.
  4. https://www.crypto-law.us/wp-content/uploads/2021/10/Order-on-Various-Discovery-Motions-10212021-Copy.pdf A link to "SARAH NETBURN, United States Magistrate Judge:" letter. Great job Roberharpool in breaking it down.
  5. I'm glad you find posting and helping keep the forum alive fun. Funny enough I'm watching a discussion about the bitcoin etf right now. Apparently the SEC can pull the ETF as late as Monday at midnight, however that is unlikely. Just for clarification the trading will occur as a derivative so the investments will not actually be buying and selling actual bitcoin.
  6. What strikes me as interesting is. "congress painted it with a broad brush (securities law)," "The reason was to protect investors against fraud." [min 11:45]. "They should come in and figure out how to register [min 13:00]." [min 14:00] Gensler's personal view of an investment contract. [22:00 min] he's overall view of how cryptocurrencies will not last as they are private money and there are 6000 or so. [22:25] question from interviewer about banks apposing strict regulation to bitcoin investment.
  7. https://www.dropbox.com/s/vde8gm2z07rxxdm/Revised Ripple Response to Privilege Dispute.pdf?dl=0 Ripple is going on the offensive.
  8. https://www.crypto-law.us/the-ethereum-free-pass-fair-notice-and-the-fight-ahead/
  9. I honestly don't think people realize that purpose of a government is to make the lives of the people better, or at least in theory that is the point of a democracy. At what point does crypto harm the normal person. All of us who have invested should know damn well that where we placed our bets at this stage are exactly that bets. In this case I think that the fact the government went after Ripple as hard as they have is a good sign, because it means the people in control of wealth have enough fear to fight it. God knows they don't mind the people dying look at what happened for over forty in a Afghanistan, the homeless population in the cities of America, the lack of education in rural areas (I live in one, I've been homeless). From what I've seen they really do not care about the health or well-being of the populous they represent and the incapacity for empathy towards them as human beings. In the end I think a few people who are truly filled with greed choose power over all else. Personally I look at every politician or person in power as an individual that strives to be lone dictator.
  10. https://www.barrons.com/articles/iphone-13-preorders-china-demand-51632407223 As a person once said "If you think someone couldn't do a worse job, give it to the government."
  11. 10 Inventions No One Thought Would Be a Success https://theculturetrip.com/north-america/usa/articles/10-inventions-no-one-thought-would-be-a-success/ I know I'm still looking for the newest and fanciest horse and buggy.
  12. I don't think the first nation's to utilize Ripple for exploration into CBDC would be a large nation with large currency reserves. I'm pretty sure the nations with a large reserve currency (U.S.A) might actually fight against it since it allows for monetary leverage over smaller nations such as Bhutan, Portugal, Spain, basically all nations in Africa, ASEAN nations, and so on. I was more asking if there are specific countries that have been publicly announced. As far as interoperability being key, I wholly agree with this. Not every nation or business is going to be comfortable with DA's especially now in a pretty much untested territory.
  13. o Is this the first CBDC trial announced? As far as a specific country going into trials. MHO Bhutan seems like pretty chill nation.
  14. Although the judge did not give the data ripple was seeking she did however give a decent nod. This is I believe from the second link. "Because the preclearance process does not consider whether an asset is a security, Defendants have not shown that such individual trading decisions bear on the issues in the case. Although the SEC's policies (or absence of policies) may provide relevant evidence related to fair notice or recklessness, how an Ethics Counsel viewed a trading decision is more likely to cause confusing or create litigation disputes."
  15. I honestly don't know enough about what or what is not a security. I do agree that protection to investors and businesses is a must for adoption to occur. It opens up a big can of worms in the sense of who controls what and why and the rules for such things. IDK, but maybe there needs to be a framework were if you follow rules x,y,z then coin: insert name is then accredited and or sanctioned by the U.S. or some commercial regulation where then insurance/protections are then available to anyone who uses and/or invests in such a crypto. If not it coin:insert name has no protection is not sanctioned and take action at your own risks. There has to be way to both have protection/regulation/ the capability to tax profits from speculation/interests so that everyone even if not happy has the "I get it" and "fair enough."
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