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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

Biden isn't president elect of anything so the rest of your article can't be taken seriously

We know what he thinks about XRP... in 2018.  Ripple has a strong argument that since the time of that writing that XRP has become significantly more decentralized across all different metrics; ie XRP

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Who cares what he said about ETH in 2018? He wasn't in charge at the time and ETH has already been declared NOT a security by the relevant person in charge since then.

https://www.cnbc.com/2018/06/14/bitcoin-and-ethereum-are-not-securities-but-some-cryptocurrencies-may-be-sec-official-says.html#close

Now as we transition and Gary goes into power, now he's opinion will be relevant because he will have the power to do something about it. ETH status has already been ruled but XRP not, and we know what he thinks about XRP.

Edited by LetHerRip
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3 minutes ago, LetHerRip said:

Who cares what he said about ETH in 2018? He wasn't in charge at the time and ETH has already been declared NOT a security by the relevant person in charge.

https://cointelegraph.com/news/us-sec-chairman-jay-clayton-confirms-eth-is-not-a-security

Now as we transition and Gary goes into power, now he's opinion will be relevant because he will have the power to do something about it. ETH status has already been ruled but XRP not, and we know what he thinks about XRP.

Comments about ETH not binding

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5 minutes ago, LetHerRip said:

Replaced that link with a better one.

On another note. Everybody is always talking about XRP being a security. But let's say XRP is declared a security. What about Binance token? and lots of others big crypto tokens in this market. What would be the value of BNB if Binance went away?

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2 minutes ago, xrpzzzzzzz said:

On another note. Everybody is always talking about XRP being a security. But let's say XRP is declared a security. What about Binance token? and lots of others big crypto tokens in this market. What would be the value of BNB if Binance went away?

Well I honestly don't care if Binance token is declared a security or not, never held it nor traded it. Might very well be, might not, don't know, but don't care either.

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27 minutes ago, LetHerRip said:

Who cares what he said about ETH in 2018? He wasn't in charge at the time and ETH has already been declared NOT a security by the relevant person in charge since then.

https://www.cnbc.com/2018/06/14/bitcoin-and-ethereum-are-not-securities-but-some-cryptocurrencies-may-be-sec-official-says.html#close

Now as we transition and Gary goes into power, now he's opinion will be relevant because he will have the power to do something about it. ETH status has already been ruled but XRP not, and we know what he thinks about XRP.

We know what he thinks about XRP... in 2018.  Ripple has a strong argument that since the time of that writing that XRP has become significantly more decentralized across all different metrics; ie XRP holdings by management, Ripple controlled nodes, etc...  I recall David Schwartz mentioning in early 2018 that a primary goal of his throughout that year was to further decentralize the network and the team has done exactly that.  An awful lot has changed since then.  Let's see how this plays out.  

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18 hours ago, aavkk said:

We know what he thinks about XRP... in 2018.  Ripple has a strong argument that since the time of that writing that XRP has become significantly more decentralized across all different metrics; ie XRP holdings by management, Ripple controlled nodes, etc...  I recall David Schwartz mentioning in early 2018 that a primary goal of his throughout that year was to further decentralize the network and the team has done exactly that.  An awful lot has changed since then.  Let's see how this plays out.  

Exactly.  His quotes are from 2018 and that makes all the difference here. The most we could say is this: "This will potentially be bad for XRP in the event that he, and his supporting analysts, have not been paying attention to anything that's happened since 2018".

 

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"Ultimately, Geth’s team believed there was too much risk in disclosing the vulnerability, so they decided that pushing the update surreptitiously invited the least risk.

“We’d argue that it actually did work,” Szilágyi says. Even though the update “took an unexpected turn with yesterday’s network split,” Geth’s team still believes that keeping the issue hush “was the right call”

https://www.coindesk.com/ethereums-hard-fork-disruption

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Ethereum is a fake "decentralization" protocol. 

Yesterday, eth chain hard forked without an announcement due to a system failure, and the dev team hushed about it because they were afraid it would cause a panic. 

Where is the transparency??

No wonder regulators view them as security. The dev team controls the net. 

Edited by quan
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