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  1. Excellent article. Especially the following: ‘Conflict of interest concerns could also intensify for Hinman, now back at his old firm Simpson Thacher, which paid him a $1.6 million annual pension while he worked at the SEC. ’ I did not know Simpson Thatcher was knee deep in Ethereum. Excellent discovery. Maybe it’s time for these gentlemen to serve some jail time.👍
  2. Finally, Brad can’t hide it anymore... the real intended usecase has been found 😍
  3. Nice to have you back! Have been idle myself and will be back more often. What I do hope is that the SEC will also go after the XRP stack of Jed Mccaleb. For him not being part of the Ripple management does not automatically put him ‘off the hook’. 🧐
  4. If the XRP escrow is blocked by the SEC and may not be used by the Ripple owners XRP will rise significantly. A rise of 1000% (10x present value) might be in the books. And don’t forget that only 5% of the XRP trading is in the USA and more then halving the cap on supply will extremely limit supply. Price will shoot up🚀
  5. No this could not happen as the SEC is not filing a lawsuit against XRP in the open market. They have filed a lawsuit against the way the Ripple directors are using XRP and enriching Ripple the company and themselves. That is the issue. XRP and the XRP ledger are in the clear👍🤗 I do hope & pray the SEC will succeed in their endeavor as that will maximize the amount of XRP in the open market and stop dilution of the XRP price and value by Ripple the company and its owners. Very bullish if the SEC succeeds 🥳🍾🥂
  6. The video makes it clear that the SEC is not after XRP holders or trying to declare XRP (which already exists in the open market) a security. Instead the case is focused on how Ripple directors are selling XRP to raise capital for Ripple and themselves. The SEC considers those activities as ‘selling XRP as a security’. And I.m.h.o. the SEC is right about that. As a result of the lawsuit the escrow might be frozen or canceled for further sale in the open market. If this happens it will stop the dilution of XRP and it is in fact a very bullish signal for the rise in price of XRP. 👍
  7. Yes there is a bill in the making. Expected in the second half of January. It is specifically about XRP. Could not find the recent update. https://www.bitcoininsider.org/article/79433/ripple-and-xrp-mentioned-official-us-bill-proposal https://www.federalregister.gov/documents/2019/12/06/2019-25944/remittance-transfers-under-the-electronic-fund-transfer-act-regulation-e#footnote-21-p67134
  8. Tnx for sharing. Ripple and partners are still working on the network. Looks like most large banks are now 'in some way' connected to Ripplenet. However, what we still need is global regulation (G20 in october) and USA legislation in january 2021... After that there is nothing to stop adoption of XRP by the largest companies in the world. Cross your fingers.
  9. Great post Leonidas. Tnx! Very curious about the XUMM partners for the fiat on/off ramps..... They are doing a great job with a challeging time line. If Wietse and his team can keep the security high and the costs for the PRO version low than XUMM will be used by end-users across the world. The next 9 months will be quite revealing and game changing for the world
  10. True, they all seem happily married together. Point is that they are all connected and playing the game together. Have you seen how Jess Cheng is connected.... The digital Asset Investor just did an interesting video on Jess connections from 2009 onwards.
  11. XRP is more like an alternative currency than a security, argues the former chair of the U.S. Commodity Futures Trading Commission (CFTC). In an op-ed for the International Financial Law Review, Chris Giancarlo, who was chairman of the CFTC until last year, argued Ripple Labs hadn’t violated any U.S. securities regulations and that the third-largest crypto by market cap should have the same legal status as bitcoin or ether. Source: https://www.coindesk.com/ex-cftc-chair-giancarlo-xrp-security , Jun 17, 2020 at 22:30 UTC Updated Jun 18, 2020 at 13:22 UTC
  12. One of Ripple Labs Inc.’s strongest investor and RippleNet users is launching cryptocurrency custody for institutions, and already around 20 banks have shown interest in making use of the solution. Note 1: We are talking Standard Chartered 👍 Note 2: With today's news about financial institutions and banks being allowed to custody and sell crypto currencies & assets the above news falls into place. Source: https://newslogical.com/one-of-ripples-strongest-investor-launch-crypto-custody-for-institutions/
  13. Sam Bankman-Fried, the CEO of cryptocurrency derivatives exchange FTX, has announced the launch of a spot market for XRP in a recent tweet. Source: https://u.today/xrpusd-trading-pair-listed-on-ftx-exchange FTX.US goes live, CEO says the crypto exchange has 'tons of liquidity' to offer. May 22, 2020, 7:00AM EDT https://www.theblockcrypto.com/post/66157/ftx-us-goes-live-ceo-says-the-crypto-exchange-has-tons-of-liquidity-to-offer
  14. Do agree with you that some screens do allready need some 'refurbishment' and be more intuitive. However on the positive side... the small team has come a long way and they have not released version one (v1) yet.... which I understand is expected somewhere at the end of october 2020. Last week I send Wietse some comments on the Send Payment screen ... so if you have some constructive ideas / changes than DM me and I'll send you his email address.
  15. You are right about ODL being 'scaled down' but I question your argument that Ripple has stopped priming the corridors (dumped the treasury transfers) and has left them to grow by themselves. It seems Ripple was not able to 'prime' the larger (treasury) settlements in all ODL corridors in a sustained way and they changed strategy. That is the reason ODL liquidity suddenly went rock-bottom imho... Ripple actually reported the change in strategy 'of going after SME/micro payments first'.... Sam Iam actually made a video about it and presents a reasonable explanation. At present the ODL channels are on average around 5 % of what they used to be and they took around 6 months to build. As far as I am concerned this is a serious (6 months) setback and I hope that 'in time' new market makers will come in to solve/repair the ODL liquidity issue. Your conclusion that an 'unprimed' ODL channel is efficient is holding ground because otherwise all previously primed ODL corridors would have gone to (or stayed) zero. So I hope that more banks/market makers etc... will come forward as soon as XRP is declared a currency (not a commodity OR security) and the USA and G20 agree on the so badly needed international regulation. In that sense September and October 2020 will be revealing months.
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