LetHerRip 1,204 Posted November 11, 2020 Share Posted November 11, 2020 (edited) Gary Gensler, a Washington and Wall Street veteran who has closely studied the budding cryptocurrency field, will lead the financial policy transition team for projected U.S. President-elect Joe Biden. Who is Gar Gensler? Quote More recently, he has also testified before Congress about cryptocurrency and blockchain on multiple occasions, pushing back against comparisons between cryptocurrencies and Ponzi schemes and declaring that the still-unlaunched Libra token met the requirements of being a security under U.S. law. At an MIT conference two years ago, he opined that there was a “strong case” XRP, the cryptocurrency closely associated with startup Ripple, is a security. https://www.coindesk.com/biden-confirms-gary-gensler-will-lead-financial-policy-transition-team https://cointelegraph.com/news/biden-taps-crypto-savvy-former-cftc-chair-for-transition-team Edited November 11, 2020 by LetHerRip arathan, FineSir, High_Loller and 7 others 4 5 1 Link to post Share on other sites
Zerpiet 736 Posted November 11, 2020 Share Posted November 11, 2020 Forgot about this topic you reacted on three days ago? panmores, BillyOckham, ChuckN and 1 other 4 Link to post Share on other sites
LetHerRip 1,204 Posted November 11, 2020 Author Share Posted November 11, 2020 (edited) This news was just published (its the main story right now on CoinDesk) on credible news sites which VFCrypto unfortunately isn't, but he was right and news confirmed today! Either way this topic is for discussing the subject at hand not posting a link to my news site hoping to get some visitors from forum members. Edited November 11, 2020 by LetHerRip High_Loller 1 Link to post Share on other sites
Flintstone 7,411 Posted November 11, 2020 Share Posted November 11, 2020 After blowing smoke up our arses of how influential Gorgeous Gary is, I see the article missed out the part where he also opined that Ethereum is a security. TA on Gary’s opinions are bearish. BillyOckham, ChuckN, panmores and 2 others 4 1 Link to post Share on other sites
thinlyspread 3,201 Posted November 11, 2020 Share Posted November 11, 2020 That image of Biden & Brad just absolutely killed me, did not expect that! I think we'll be ok long term, but this will get choppy. Ripple may have to move base, which sucks. LetHerRip and Flintstone 2 Link to post Share on other sites
Kiwi 950 Posted November 11, 2020 Share Posted November 11, 2020 Who cares what americans think? They are not the center of this world. Yes, they can deem all alts coins as a security which will make america certain loser in the crypto space. Ripple can always move the headquarter or burn the tokens.. panmores, peanut56, Skippy and 4 others 1 1 3 2 Link to post Share on other sites
peanut56 1,317 Posted November 11, 2020 Share Posted November 11, 2020 (edited) From a strategic standpoint it probably is not in the best interest of Ripple moving to another country. They may, if XRP is deemed a security. Why would Ripple leave the U.S. when as of right now the U.S. is the main supplier of international liquidity. If xrp is to succeed then they need the USD for the transitional phase, since especially right now the largest commercial corridor that we are aware of is the U.S. Mexico corridor. Remember he is appointed to the transition team. That particular job would last until 20/01/2021. The first seat to open at the SEC will be available at some point 2021 as the current chairman's seat will have come to the 5 year term. It will be much more important to know who will be filling the seat of chairman over the transition team since it is a five year term. Also did I read it correctly that the comment about ethereum and xrp is from 2019. So we will see. Edited November 11, 2020 by peanut56 more information Link to post Share on other sites
kenrino 821 Posted November 11, 2020 Share Posted November 11, 2020 This story is getting old, two years and a half I hear about this. Hundred of discussions pages ZzZ... who cares, in the end Ripple will maybe pay a fine and voila. Ready for 100 more pages. ChuckN, Dario_o, peanut56 and 1 other 4 Link to post Share on other sites
Flintstone 7,411 Posted November 11, 2020 Share Posted November 11, 2020 1 hour ago, peanut56 said: Also did I read it correctly that the comment about ethereum and xrp is from 2019. So we will see. April 2018. BillyOckham, SquaryBone and peanut56 2 1 Link to post Share on other sites
wogojump 263 Posted November 11, 2020 Share Posted November 11, 2020 This keeps getting better and better. Cowboy Brad tweets this a few days ago: Democracy wins - regardless of who you voted for, it’s incredible to see the historic voter turnout this election. Congrats to President-elect @JoeBiden and Vice President-elect @KamalaHarris- it's time to come together and turn to the many challenges that lie ahead #6 - Biden to require public companies to disclose climate change-related activities and GHG emissions in their operations. Love to see the action on climate change - first NYDFS, now this. Public companies holding BTC (ahem Square) -- may want to pay attention Then this article comes out yesterday stating: Gary Gensler, a Washington and Wall Street veteran who has closely studied the budding cryptocurrency field, will lead the financial policy transition team for projected U.S. President-elect Joe Biden. More recently, he has also testified before Congress about cryptocurrency and blockchain on multiple occasions, pushing back against comparisons between cryptocurrencies and Ponzi schemes and declaring that the still-unlaunched libra token met the requirements of being a security under U.S. law. At an MIT conference two years ago, he opined there was a “strong case” XRP (XRP, +1.42%), the cryptocurrency closely associated with startup Ripple, is a security. This isn't the first time for Brad to get involved on twitter, only for it to backfire. It is common for Board of Directors to step in and take corrective actions in scenarios like this. I am sure Square will now be paying attention to see what comes next for Brad and Ripple! LetHerRip and xerxesramesepolybius 2 Link to post Share on other sites
kenrino 821 Posted November 11, 2020 Share Posted November 11, 2020 Who cares what he said two years ago with a different job position. It make sense for the US to support a US company (surely didn't happen with Trump). Ripple probably are already doing lobbying work in Washington. Asia, Africa, Middle East and Europe exists too btw. KarmaCoverage 1 Link to post Share on other sites
xerxesramesepolybius 298 Posted November 11, 2020 Share Posted November 11, 2020 2 hours ago, kenrino said: This story is getting old, two years and a half I hear about this. Hundred of discussions pages ZzZ... who cares, in the end Ripple will maybe pay a fine and voila. Ready for 100 more pages. So why has Ripple spent years trying to avoid going to court to have this settled once and for all? LetHerRip 1 Link to post Share on other sites
xrpzzzzzzz 30 Posted November 11, 2020 Share Posted November 11, 2020 He also said ETH was a security Zerponaut, mike91, xerxesramesepolybius and 2 others 5 Link to post Share on other sites
xerxesramesepolybius 298 Posted November 11, 2020 Share Posted November 11, 2020 (edited) 1 minute ago, xrpzzzzzzz said: He also said ETH was a security It probably is, the opinion of the SEC guy is not legally binding Edited November 11, 2020 by xerxesramesepolybius xrpzzzzzzz and SquaryBone 2 Link to post Share on other sites
xrpzzzzzzz 30 Posted November 11, 2020 Share Posted November 11, 2020 exactly Link to post Share on other sites
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