Where are we now?

[Gnidji]

Hi dear friends in xrp community.

 

As a guy who dont know a single thing about the regulatory buisness. Except that we need regulation to get somewhere with our investment. 
 

1) What does xrp need to get from where we are, what kind of regulatory tools ? Is there a ongoing process and if so wich one and hows the deadlines looks?

 

2) The stalling of this is killing me slowly everyday. Fud growing and even my hardcore xrp bullish friends start to spread fud, even to a point where i am feeling insecure about xrp. 
 

3) Why are Brad Garlinghouse keep saying this year this gonna happen.. but he totally misses it. Now ripple said 2020 year of crypto, that must mean something good? Im thinking regulations, green light but , history proves the opposite. 
 

Thanks 

[Flintstone]

Demand for XRP will increase the price. Follow this bot on Twitter.

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[Flintstone]

 

[SquaryBone]

3 minutes ago, Flintstone said:

 

Thanks  I was missing the XRPAUD one

[DirectorCoulson]

37 minutes ago, Gnidji said:

Why are Brad Garlinghouse keep saying this year this gonna happen.. but he totally misses it. Now ripple said 2020 year of crypto

Brad garlington is well known for empty promises

 

A huge partof the community is still waiting for major banks eoy 2017-2018-2019 and now 2020

A ceo should not tweet if he doesn't have something to announce. Simple

[ed1]

2 hours ago, Gnidji said:

Hi dear friends in xrp community.

 

As a guy who dont know a single thing about the regulatory buisness. Except that we need regulation to get somewhere with our investment. 
 

1) What does xrp need to get from where we are, what kind of regulatory tools ? Is there a ongoing process and if so wich one and hows the deadlines looks?

 

2) The stalling of this is killing me slowly everyday. Fud growing and even my hardcore xrp bullish friends start to spread fud, even to a point where i am feeling insecure about xrp. 
 

3) Why are Brad Garlinghouse keep saying this year this gonna happen.. but he totally misses it. Now ripple said 2020 year of crypto, that must mean something good? Im thinking regulations, green light but , history proves the opposite. 
 

Thanks 

The on going securities case needs to be either dismissed or settled before any clarity on the status of XRP can be given by CFTC or SEC. So first comes the case. Following this we need a new categorization of DAs, and a clarity on how and when banks and other FIs can hold/accumulate/invest in DAs. Timeline for the case is close if it is to be dismissed, in +/- 90 days a decision will come on motion to dismiss. If it is not dismissed, the trial is a lengthy process, I assume Ripple will settle over the next 6-9 months if the trial does go on. Regulatory change is the more difficult item. I don't think we will have new regulation coming out soon, I may be wrong but the politicians will be focusing on the election this year, this means any major change on this side is probably postponed until after November 2020. Brad optimistically predicts changes in regulatory environment, but it takes longer sometimes much much longer.

 

[xrphilosophy]

https://finance.yahoo.com/news/sec-commissioner-hester-peirce-proposes-170148315.html

 

 

[earth]

2 minutes ago, xrphilosophy said:

https://finance.yahoo.com/news/sec-commissioner-hester-peirce-proposes-170148315.html

 

 

It's almost as if the SEC examined Ripple as the standard for making a digital asset, and ensuring it is not a security. 

 

[Gamblord]

On 2/1/2020 at 11:44 PM, ed1 said:

The on going securities case needs to be either dismissed or settled before any clarity on the status of XRP can be given by CFTC or SEC. So first comes the case. Following this we need a new categorization of DAs, and a clarity on how and when banks and other FIs can hold/accumulate/invest in DAs. Timeline for the case is close if it is to be dismissed, in +/- 90 days a decision will come on motion to dismiss. If it is not dismissed, the trial is a lengthy process, I assume Ripple will settle over the next 6-9 months if the trial does go on. Regulatory change is the more difficult item. I don't think we will have new regulation coming out soon, I may be wrong but the politicians will be focusing on the election this year, this means any major change on this side is probably postponed until after November 2020. Brad optimistically predicts changes in regulatory environment, but it takes longer sometimes much much longer.

 

I am thinking the exact same thing. If not dismissed, I see Ripple doing everything it can to stall it out and break the wallets of the class action suit. The longer it stalls the more likely the litigants will want to settle for crumbs. Ripple's lawyers seem very competent and I don't see them dropping the ball on this one. The case also seems unwinnable for the litigants from what I've looked at.

With regulation, I don't see it passing over the next 3 years. Trump hates crypto but I have a feeling Democrats are not any different. It's in America's interest to give the give the green light for Ripple and XRP but I just don't see it happening. They will keep dragging their feet until they can't.

[xerxesramesepolybius]

On 2/1/2020 at 10:35 AM, DirectorCoulson said:

Brad garlington is well known for empty promises

 

A huge partof the community is still waiting for major banks eoy 2017-2018-2019 and now 2020

A ceo should not tweet if he doesn't have something to announce. Simple

There is shorter term than empty promises, it begins with "l" and ends with "s"