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Attorney Hogan Talks About the Surprise Bombshells Dropped at the SEC v. Ripple Discovery Hearing!


HAL1000
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It seems in an answer to the judge the SEC gave the green light for exchanges in the US to re-open and trade in XRP.  It also seems to give the green light for ODL to restart. 

8.57 - in answer to the judge SEC's lawyer stated 

Under section 4 - only Ripple or Employees of Ripple can illegally sell XRP

So exchanges and ODL can legally use XRP as a currency

Also this begs the question - why did SEC not exclude traders in XRP from their case.  As Deaton points out in his letter in other the cases SEC did that, but in this case they made no such clause.  In my opinion this is a green light for exchanges to start trading, ODL to start up, and banks to use XRP.   This rips the heart out of SEC case and the fact that they let the whole XRP ecosystem shut down for no good reason shows them up to be malicious. 

 

 

Edited by Julian_Williams
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10 minutes ago, Julian_Williams said:

It seems in an answer to the judge the SEC gave the green light for exchanges in the US to re-open and trade in XRP.  It also seems to give the green light for ODL to restart. 

 

I mean, it was subtle. Let’s see if anything comes of it. 

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9 minutes ago, princesultan said:

I mean, it was subtle. Let’s see if anything comes of it. 

Hi @princesultan - I redrafted that to be more explicit of what Jeremy reported.

It is a statement in court by a SEC lawyer.  That looks like very good cover for an exchange, bank or FX company to restart business.  It is there on the record as an official interpretation of section 4 by SEC legal department. 

Edited by Julian_Williams
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3 minutes ago, Julian_Williams said:

Hi @princesultan - I redrafted that to be more explicit of what Jeremy reported.

It is a statement in court by a SEC lawyer.  That looks like very good cover for an exchange, bank or FX company to restart business.  It is there on the record as an official interpretation of section 4 by SEC legal department. 

I’d love to hear that in the actual call recording but I’m not going to listen to it again

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It's a statement the SEC could have made right at the start of this fiasco or many years ago, strange how they never did, some might interpret it as deliberate sabotage!

The SEC providing clarity at last, FU SEC...

How many exchanges de-listed, based on the FUD you caused, how many man-hours, suicides and billions were wasted, whilst deciding to clarify?

The SEC protecting investors is our primary mission!

Edited by HAL1000
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1 hour ago, HAL1000 said:

It's a statement the SEC could have made right at the start of this fiasco or many years ago, strange how they never did, some might interpret it as deliberate sabotage!

The SEC providing clarity at last, FU SEC...

How many exchanges de-listed, based on the FUD you caused, how many man-hours, suicides and billions were wasted, whilst deciding to clarify?

The SEC protecting investors is our primary mission!

Yes SEC has important questions to answer.  Given the things we are learning about Hinman's self interested relationship with ETH and Clayton's choice of new work mates there are big question marks emerging over the motivations behind their actions whilst they were working with SEC. 

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