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Everything posted by Cambridge

  1. Gary Gensler should really look into the dealings of Hinman and Clayton. How has this not been looked into? The conflict of interest is enormous. It's time for the Judges to provide the clarity the SEC has been unable and unwilling to provide.
  2. I would be disappointed if he held his XRP. For someone who probably had a lot to do with this current SEC lawsuit and in providing himself immunity while dumping millions, the least he can do is move on. Karma will take care of the rest. Looking forward to the day he is at zero XRP.
  3. I don't understand how the SEC can continue this sham. They aren't helping the retail investor. I just don't get this. What a sad croc.
  4. Gary Gensler is a disappointment to say the least. He says there is market clarity, which is ironic when two of his commissioners who have been part of the SEC longer than he has say the complete opposite. He says this is about investor protection, but refuses to give clear guidelines as to what is a security within crypto and why. It's really not that complicated. Here SEC, let us help you. 1.) Any company run like an ICO should register as a security moving forward. 2.) Digital assets currently in the secondary market are not securities, but instead should be classified as currencies, or commodities, or property. 3.) All exchanges serving the public should register with all pertinent government agencies and have KYC / AML. 4.) There should be a "cop on the beat" or enforcement agency to regulate and reign in pump and dump schemes. Exchanges should facilitate capturing these people perpetratrating these schemes and close their accounts and have said agency prosecute them. 5.) Crypto to crypto should not be taxable events. This will stimulate growth in the nascent market and provide liquidity. Any money exiting back to Fiat should be taxed. 6.) Provide a working group within the government to work with different crypto companies to stimulate growth for the industry and our country. I'm being USA centric here, sorry. All the SEC is doing is wasting tax payer dollars. Nothing is being resolved. If the government is truly worried about a "run" on these assets that could potentially destabilize financial markets, regulation through enforcement doesn't cure this potential problem. We have incompetent people at the helm.
  5. Wow. Talk about trying to out maneuver Ripple. Sly fox indeed. But trying to out maneuver and sink your competition like this is bad karma. If he was an informant, double bad karma lol. If I were Ripple, I'd be in stealth mode now. I wouldn't trust anyone, and I wouldn't put too much emphasis on employees who are involved with outspoken critics of said company. There are people out there who think they are speaking of truths and care for humanity, when they are filled with poison.
  6. Oh come on. XLM also has dumped in price. It was at about a dollar and look at where it is now. Jed has sold billions of XRP, while he has XLM to dump as well, yet know one is being critical of him here? How come he is not involved in the lawsuit? He's dumping his horde of XRP on retail and the SEC has turned a blind eye both to that fact and to Stellarin general. So let me get this straight, it's okay for Jed to dump billions, but we don't want BG and Chris to ever sell because they have personal gains? XRP is in the dumps in price because of the SEC. The SEC is at fault for this. They created this mess. I hope the courts decide in our favor and soon. BG and CL and even Jed will be billionaires regardless. I don't care about them. I hope the courts help us, and I hope the SEC gets their act together and goes after real criminals. If they are going to be enforcers, they need to do it equally.
  7. The SEC response is well written garbage. How can they talk about protecting investors when they dropped this enforcement action days before Christmas after being fully aware and warned that this would cause havoc on the secondary XRP markets?
  8. Wouldn't it support the fair notice defence because if the SEC can't provide clarity *today* on digital assets, how could they have provided it between 2013-2020? If Ripple lawyers succeed, doesn't that oblige the SEC to provide clarity today in some form? The former SEC Chairwoman is part of their defense team after all. But I feel that you're right. In the end, this will be good for XRP, whether Ripple is part of the ecosystem or not. Though, I highly doubt Ripple is going anywhere.
  9. What's your view on how this letter impacts Ripple’s fair notice defense? If market participants and companies currently do not have regulatory clarity on what is and is not a security, how could market participants and companies be accused of selling securities? How does someone break the law when they are asking for guidance from a regulatory agency but receive no clear guidance? The jury will be expected to ignore all public commentary, even when two SEC officials are basically agreeing with Ripple’s arguments that this industry has lacked clarity for participants? I'm stumped.
  10. Unbelievable. How is a company supposed to know they are selling securities when over eight years have passed and the enforcement agency has not provided clarity? Hinman spoke publicly as an SEC official and said Ethereum was not a security, even after the Ethereum Foundation held a public fund raiser, which was recorded. Then, his speech acknowledging this is sent to congress. Why did Hinman meet with the Ethereum Foundation a week prior? Why didn't the SEC do the same with Ripple and provide fair notice as the SEC did with the Ethereum Foundation? To me, it's clear. They favored and picked winners as it also aligned with their self interest. They need to end this soon. What an embarrassment for our country.
  11. Respond to their comments then. I believe they are correct. I don't mind "hearing" someone's views or should I say - your views. I just don't buy that you're here on this forum objectively. No offense, but you seem to have an agenda.
  12. Yet here we are investing in XRP and enjoying this incredible journey! I wish you good luck!
  13. I disagree here. You could say that about any blockchain. Isn't doge a fork of a fork of a fork? The reason XRPL is different is because the patents and rails being built around it are assets to its future development. And, these things take time. If there is clarity for XRP, there is nothing stopping this. Nothing.
  14. It's because of the same tribalism and narrative that keeps other competitors at bay. To bitcoin maxis, XRP is meant for banks. To them, it's not meant to work against the system. This type of thinking is naive at best. Fiat isn't going away. And there are developers working to get the XRP ecosystem off of the ground. I wouldn't say all of the projects Ripple supported or supports were or are a failure. These things take time. Once there is clarity, who knows where those projects will end up. More importantly, the XRP ecosystem could not have expanded without clarity. Bitcoin and ether did, and they expanded because of the clarity they received from US regulators especially. It is real that simple. There is a lot of financial muscle lobbying behind these platforms.
  15. No. It is suppressing XRP. The ecosystem can't expand without clarity. Period. There were many people here on this forum figuring out ways to enable growth. Was Ripple supportive of some? Sure, so was the Ethereum Foundation with Ether. Yet Ethereum gets a pass. Why? I don't care that Ripple has billions in an escrow. If you think you could have figured out a better system for distribution, then good on you. I doubt it. It's easy to say hindsight is 20/20 after the fact. I didn't buy XRP from Ripple. I never expected anything from Ripple. I don't care about Ripple. For someone who thinks that XRPs sole success is tied to a company, you sure spend a lot of time on and XRP forum. You must own Ripple stock. I don't lol.
  16. Sad but it feels like this is the case, atleast for now. I can't believe the SEC is getting away with suppressing the XRP market. It's clear the SEC and some of the officials were in the wrong, yet here we are. How can they support Ether after having a public and video recorded giveaway of ether tokens by the Ethereum Foundation, while receiving millions on the back end like Hinman? They activately suppress the XRP market because exchanges in the US are afraid to list XRP, developers are unsure whether to develop new platforms onto the ecosystem without clarity and business don't want to get involved either. I really hope the judges end this soon. The fact that J Clayton left this mess and left his post earlier than expected just shows how one-sided the SECs position is. They don't care about retail investors. If they did, this would have been resolved within the eight years the SEC had to inform themselves and provide a framework to work within. From a legal perspective, they've already been ridiculed and proved incompetent and on the world stage, regardless of how the judges decide at this point.
  17. Isn't it Jed with a "d"? Does anyone know how much XRP he has left? I heard he would be done around mid July with selling all of his XRP. Is this true? How much does he have left? Jed is probably nothing short of a genius programmer to be honest. The US government could use his talents. They probably are in some way.
  18. Castles and yachts you say? Will you be my friend? Lol I live in the northeast. I'm sure we can be friends. With my stash, I'll probably be able to buy a nice chicken dinner. I can't imagine a mansion or a lambo. Maybe a nice house and a paid off Honda 🤔
  19. I believe this could be true. To think that using XRP is cheaper and faster and disrupts the legacy banking system. The legacy system must be pressuring and lobbying to stop a complete shift. It's too late though. If not XRP, there will be something else. They should adapt quickly and join in before they become modern day blockbusters to incoming netflixes. It's not coming. It is already here. And here to stay. I agree with your sentiment.
  20. The SEC should settle. The SEC should go after the criminals who are manipulating the markets causing pump and dumps, along with the scam ICOs. They should provide guidance and regulatory clarity while working the participants of the XRP ecosystem, which yes includes the company spearheading its development- Ripple. What a sham the SEC has become. They are not protecting the common investor. What Clayton and Hinman did is wrong. Let XRP prosper and let the market decide the winners.
  21. No one really knows, but the fact that the US market doesn't have the same level of access to exchanges to on ramp could be a reason. There are options for purchasing XRP, but they are limited. To me this all seems like BTC whale market manipulation. They dump the price in a coordinated fashion, the trading algorithms and bots do the rest and follow the price down across the board. For newcomers it's stomach turning. For those who survived the 2017 run up and price collapse, FUD news and the eventual SEC lawsuit, this is nothing. Just a normal day in crypto.
  22. I was wrong. I didn't think below 50 cents was possible, but these bitcoin price swings may take us there. This does feel like a bear market. Perhaps you were correct @xrp-nuke. I hope we don't see below 30 cents, but at this point all i know is that crypto is the wild west. Bear markets suck. Always take profits people. Always.
  23. I agree that profits should be taken. I will ladder my sales as I exit. But the grand portion of my stack will remain so I can achieve the others financial goals that I have. I disagree that the settlement and lawsuit is overhyped. You're not paying attention to the fact the US liquidity has been dried up. The US economy and US dollar market is huge. With a settlement, this will change. Now, will a settlement favor XRP? We don't know. I think it will because I can't fathom XRP is a security in the secondary market. What remains of the escrow is another story. I don't work for Ripple, nor do I care about what they hold in escrow. I care about the secondary XRP market. If accredited investors can only buy from Ripple’s XRP, who cares? I don't. I care about making money. I care that XRP in the secondary market is not a security. The lawsuit will air this out. You nor I know nothing about what is actually happening with ODL. What I do know is this, I'm willing to risk it now. I held through a Terrible lawsuit thus far and I'm in the green. If the lawsuit did not plummet the price to 5 cents after the USA market panicked and plummeted, then nothing will at this point. Just my opinion. You do you. I'm looking out for my own interests. Good luck.
  24. I don't think we will see 5 cents again. I waited for it between 2017 and right after the lawsuit dropped thought it was going to happen because of panic selling, which is why I thought about exiting at 18 cents at a loss. Thank goodness I did not sell. It would have been a mistake. Are we in a bear market? Very possible. Could we see crypto go sideways for months and prices for BTC within a range of 30k and 40k? Also possible. Could it drag XRP lower to lower lows as it does this and as crypto markets are manipulated? Absolutely. Will be go below 50 cents? I honestly doubt it. Why? Because this lawsuit will clear the air and possibly by early 2022. Why risk getting priced out. There were many here who no longer participate in this forum who have been priced out. They sold at .20, .30 and recently. 50 to not see it return that low, while they were thinking of selling to buy back in. Imagine selling at 65 cents and then a settlement clears and the price takes off and we definitely don't see below a dollar again as this matures. After a solid dollar then 3, 5 and 10. It's possible. Heck, you're on an XRP forum for a reason. I won't be the person who sells. I'll risk it til I make it! Good luck everyone!
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