xrp-nuke Posted April 6, 2021 Share Posted April 6, 2021 So far it looks like BTC is here to ruin alt party, unfortunatelly. Triceratops 1 Link to comment Share on other sites More sharing options...
banistersmind Posted April 6, 2021 Share Posted April 6, 2021 So, what exactly is the purpose of today's hearing? I'm reading elsewhere that it has something to do with a determination over Intervention - ie. that the Judge presiding can make a determination that would allow multiple holders of XRP to give statements to the court detailing how the SEC action is affecting them? Do I have that right - or am I way off base here? The SEC is fighting a possible determination that would allow US exchanges to start trading XRP again without fear of prosecution - because the SEC believes speculative trading of XRP makes it an investment contract and not a currency. Is that also correct? Link to comment Share on other sites More sharing options...
Guest Posted April 6, 2021 Share Posted April 6, 2021 5 minutes ago, banistersmind said: So, what exactly is the purpose of today's hearing? I'm reading elsewhere that it has something to do with a determination over Intervention - ie. that the Judge presiding can make a determination that would allow multiple holders of XRP to give statements to the court detailing how the SEC action is affecting them? Do I have that right - or am I way off base here? The SEC is fighting a possible determination that would allow US exchanges to start trading XRP again without fear of prosecution - because the SEC believes speculative trading of XRP makes it an investment contract and not a currency. Is that also correct? Way off base, sorry What you're talking about is still in progress. Link to comment Share on other sites More sharing options...
banistersmind Posted April 6, 2021 Share Posted April 6, 2021 6 minutes ago, Ripley said: Way off base, sorry What you're talking about is still in progress. Well...could you correct me and explain just what is supposed to be happening today? Link to comment Share on other sites More sharing options...
Guest Posted April 6, 2021 Share Posted April 6, 2021 Just now, banistersmind said: Well...could you correct me and explain just what is supposed to be happening today? It's in one of the earlier pages but it is essentially a hearing on a motion to compel that Ripple has filed on the SEC. It's just part of the discovery process and we are nowhere close to the end of this. Link to comment Share on other sites More sharing options...
Bill42069 Posted April 6, 2021 Share Posted April 6, 2021 (edited) On 4/5/2021 at 10:36 AM, Ripley said: Tomorrow is just another hearing about one of the motions that Ripple filed as part of the discovery process. Don't expect any decision/big news. To summarize, The SEC filed a motion asking for Brad and Chris (and their families') personal financial details. The hearing for this was conducted several weeks ago. Ripple filed a motion asking for the SEC to reveal their internal memos and documentation on their decision making process behind announcing that BTC and ETH aren't securities, even if they had been in the beginning. The hearing for this is scheduled for tomorrow. The Magistrate Judge previously said she plans to give her ruling on both the motions (and perhaps also on the selective/blanket sealing of certain documents) after tomorrow's hearing. I suppose it's possible that her ruling comes out later this week, but it is highly unlikely to happen tomorrow during the hearing. @banistersmindFrom our friend @Ripley Edited April 6, 2021 by Bill42069 banistersmind 1 Link to comment Share on other sites More sharing options...
banistersmind Posted April 6, 2021 Share Posted April 6, 2021 3 minutes ago, Bill42069 said: @banistersmindFrom our friend @Ripley Cheers for this Bill (and Ripley). Bill42069 1 Link to comment Share on other sites More sharing options...
Guest Posted April 6, 2021 Share Posted April 6, 2021 It looks like the Stellar outage is still ongoing (8 hours). It's very unfortunate. There is nothing that I can do for them, but I wish them the best of luck. Jed may have done XRPL a lot of wrong but he was a big part of the FBA consensus algorithm and my understanding (I could be wrong) is that Stellar features a slightly improved version of it which itself is then used in Flare along with Avalanche. https://status.stellar.org/incidents/7h0czw6mnjzs Link to comment Share on other sites More sharing options...
RussianStandards Posted April 6, 2021 Share Posted April 6, 2021 The XRPL goes marching on! Nearly just broke through $1 again but couldn’t quite make it Link to comment Share on other sites More sharing options...
retep Posted April 6, 2021 Share Posted April 6, 2021 And we are back at 1 dollar again! Link to comment Share on other sites More sharing options...
RussianStandards Posted April 6, 2021 Share Posted April 6, 2021 This is how I want tonight’s hearing to go.. ’Yes SEC you have to hand over ETH and BTC related documents and yes going forward XRP is NOT a security. Now let’s deal with your past sales Ripple’ Bill42069 and Julian_Williams 2 Link to comment Share on other sites More sharing options...
HenrySeldom Posted April 6, 2021 Share Posted April 6, 2021 28 minutes ago, Ripley said: Stellar features a slightly improved version https://status.stellar.org/incidents/7h0czw6mnjzs Guess not, tho. Link to comment Share on other sites More sharing options...
Guest Posted April 6, 2021 Share Posted April 6, 2021 38 minutes ago, HenrySeldom said: Guess not, tho. But it's not necessarily the consensus algorithm though. It could be many number of things. I'm looking forward to the root cause analysis. I'm sure this is something that Flare is going to keep a close eye on. Link to comment Share on other sites More sharing options...
JASCoder Posted April 6, 2021 Share Posted April 6, 2021 8 hours ago, HAL1000 said: Moon Lambo, Kevin Cage and the Bearable Bull just got together for an XRP orgy, and it ain't pretty It was a nearly frictionless event ! HAL1000 and RussianStandards 1 1 Link to comment Share on other sites More sharing options...
JASCoder Posted April 6, 2021 Share Posted April 6, 2021 7 hours ago, Panopticon said: I cannot believe people did not see that coming, keeping the same old narrative "it will never get $0,5 again", "pump and dump", "no move until case settled", "will be out of the top ten soon" blah blah blah. I know it's not possible, but I can't help observing that the long dark 18-22 cents doldrums we endured, kept Jed from realizing TOO much "excessive" profits from his relentless dumping. It's just an odd kinna irony I guess :-/ dtpace, Julian_Williams and Trentsteel 1 2 Link to comment Share on other sites More sharing options...
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