David Schwartz Explains Why SEC’s Suit against Ripple Makes No Sense

[solodeji]

https://heraldsheets.com/david-schwartz-explains-why-sec-suit-against-ripple-makes-no-sense/

[JJJ2]

18 minutes ago, solodeji said:

https://heraldsheets.com/david-schwartz-explains-why-sec-suit-against-ripple-makes-no-sense/

I agree with the fact that SEC knew what ripple was doing already in 2013. Let's give them 1 year time needed to investigate the case better. So starting from 2014 SEC should have filed the lawsuit.

But they have waited until xrp began to appreciate and Ripple grew enough.

It smells too much. It gives me the impression that the delicacy has become tempting and now some money shall be pressed out of it.

Edited December 25, 2020 by JJJ2

[princesultan]

Hasn’t this person been warned multiple times about posting these awful articles around here? Can we get a mod to finally take care of this? The last thing we need right now is junk articles floating around. 

[solodeji]

7 hours ago, princesultan said:

Hasn’t this person been warned multiple times about posting these awful articles around here? Can we get a mod to finally take care of this? The last thing we need right now is junk articles floating around. 

Please, what is awful about the article? How am I different from others that are posting here? or Am I posting anything different from XRP news? Where is the multiple posting please?

[JASCoder]

8 minutes ago, solodeji said:

Please, what is awful about the article? How am I different from others that are posting here? or Am I posting anything different from XRP news? Where is the multiple posting please?

Hi solodeji, FWIW, I'd not yet seen this mention of DS's comments, and appreciated your sharing of the story link.

Maybe the Prince is just having a bad xmas and took out their frustrations on you randomly ?

Cheers friend.

[xrphilosophy]

We have discussed things with Solodeji before, and he/she is abiding by all forum rules.  Please no flaming of posters.  If you don't like a post challenge it logically, or move on.

Now that we are in this situation with XRP, Covid, global economic collapse looming, and the New Year approaching I implore everyone on here, and in any thread to TAMP DOWN your emotions when speaking to others, and be kind to one another as you would in real life.  Is that so hard at this point?  Being kind? I don't get paid for this work, eh.

Clearly this is not easy for anyone.  #XRPUnited.  

[princesultan]

It’s low quality content with no engagement, but fine, I’ll keep quiet on this. 

[JJJ2]

From Dario_o's thread it seems that SEC has a problem with the fact that CL and BG are selling xrp and thus dumping the market.

So it's not what Riplle was doing or if xrp is a security, but rather the uncontrolled amount the two are selling.

Edited December 25, 2020 by JJJ2

[FOOD]

Would they have been better off leaving their respective careers (affiliation with Ripple), taking their XRP with them and then selling? Would that have been a possibility?  

I am trying to understand what the problem is.

[FOOD]

.... also... what if instead of selling XRP for USD they bought BTC?  Would the SEC still have taken this action?

Okay... maybe, just maybe... I smoked too much!

 

 

 

 

 

if xrp to usd was xrp to btc is it ok?

Edited December 26, 2020 by EcneitapLatnem
for simplification, I added tl;druwtatlol (too long, didn't read using words that are three letters or less)

[Julian_Williams]

I have to say I really like DS, he really shines.  His answer is very simple and straight forward and relevant.    But he is let down by the case being all mixed up with the other issues, such as the conflict of interest of the manager and owners of XRP selling XRP they were gifted to take money out of the liquidity markets in XRP.  

 

 

[xrp-nuke]

On 12/25/2020 at 10:02 AM, JJJ2 said:

I agree with the fact that SEC knew what ripple was doing already in 2013. Let's give them 1 year time needed to investigate the case better. So starting from 2014 SEC should have filed the lawsuit.

But they have waited until xrp began to appreciate and Ripple grew enough.

It smells too much. It gives me the impression that the delicacy has become tempting and now some money shall be pressed out of it.

Even more, Ripple aggresively were selling in 17/18, taking fact that they were deeply watching and investigating it since 2013, why they did start almost in 2021? Not 17, not 18, not 19, not 99% of 20. 

What happens woth Larsen and Brad US moneys? SEC confiscate them? Burn? 

Wtf is going on 😱🤪

[Neurotoxin]

16 hours ago, Julian_Williams said:

I have to say I really like DS, he really shines.  His answer is very simple and straight forward and relevant.    But he is let down by the case being all mixed up with the other issues, such as the conflict of interest of the manager and owners of XRP selling XRP they were gifted to take money out of the liquidity markets in XRP.  

 

 

Is there a link for the full interview? I can’t seem to find it. 

[Dario_o]

1 hour ago, Neurotoxin said:

Is there a link for the full interview? I can’t seem to find it. 

 

[xrp_sea]

David Schwartz is my favorite Ripple exec. He seems very honest and highly knowledgeable. I get a used car salesman vibe from Garlinghouse.