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I am not sure if I should put this here or on to Pablo's thread?

And what do you have to offer better?? I mean it's easy to bring somebody down, but what's your alternative?? At least be able to give us a contradictory take before you trash someone else's.  He stat

Dig if you will this picture,  The SEC case ends in settlement or a trial XRP comes out the end with definitive clarity at this point no other crypto has this.  Now lets look at the big picture here i

As he said, if the SEC wins and XRP is ruled a security, then God help the rest of the crypto industry, THE SEC - INVESTOR PROTECTION IS OUR PRIMARY GOAL, their hypocrisy knows no bounds. What's the ultimate goal SEC to screw over EVERY retail crypto investor worldwide?

"Some Men Just Want To Watch The World Burn" don't they J Clayton or should we call you Joker, you both have the same inane grin!

 

 

Edited by HAL1000
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27 minutes ago, HAL1000 said:

As he said, if the SEC wins and XRP is ruled a security, then God help the rest of the crypto industry, THE SEC - INVESTOR PROTECTION IS OUR PRIMARY GOAL, their hypocrisy knows no bounds. What's the ultimate goal SEC to screw over EVERY retail crypto investor worldwide?

"Some Men Just Want To Watch The World Burn" don't they J Clayton or should we call you Joker, you both have the same inane grin!

 

 

Don't insult the Joker.

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Why on earth are people giving this guy so much credence - he's a personal accident lawyer who specialises in ambulance-chasing. Not anywhere on his company site does it mention anything about financial law, investment law, crypto, the SEC, anything of the sort.

He just puts his suit on and lots of people snap to attention to listen to the smart-sounding man. I'm sure he's good at getting you money for falling over on the sidewalk or whatever, but come on.

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1 hour ago, HAL1000 said:

As he said, if the SEC wins and XRP is ruled a security, then God help the rest of the crypto industry, THE SEC - INVESTOR PROTECTION IS OUR PRIMARY GOAL, their hypocrisy knows no bounds. What's the ultimate goal SEC to screw over EVERY retail crypto investor worldwide?

"Some Men Just Want To Watch The World Burn" don't they J Clayton or should we call you Joker, you both have the same inane grin!

 

 

In that case Crypto exits the US.  It is a bit like when the communists tried to stop free markets; the economies stagnate whilst the rest of the world moves forward (inc China) 

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Dig if you will this picture,  The SEC case ends in settlement or a trial XRP comes out the end with definitive clarity at this point no other crypto has this.  Now lets look at the big picture here it's being said that the US Government is causing this country to fall behind in the digital asset race but I kind of beg to differ. I think the US is going to regulate and then prop up XRP as the winning digital asset and please don't take this out of context when I say winning I mean preferred because it will be wrapped in Government rules and regulations.  The SEC's case is looking weak but what the SEC does have is a platform to speak directly to legislators.  This ball is to hot for any regime to drop.  The crypto issue on regulation, the implications are such that if an administration drops the ball and this thing takes off it could destroy an entire party for years.  If it turns out to be smoke and mirrors the status quo remains and we go on, but if it is the game changing tech that we all know it is, and if it can change the way we do business like we know it can, no administration wants to be on the receiving end of not getting proactive legislation and regulation around this so that you could be seen as a front runner and pioneer as opposed to a knuckle head with no foresight.  Because of the knowledge ramp up and stage of things the Obama and Trump administration had the opportunity to kick the can down the road per say, Jay Clayton's move is forcing the Biden administration to deal with it and I don't think Biden or any of his team wants to go down as the people who caused the US to loose out on this opportunity.  As I mentioned before BTC and ETH pose no imminent threat to the global financial system but XRP does if unregulated so it has to be dealt with first and all other regulation will stream down from the regulation set for XRP.  What this regulation will do is make sure XRP stays in it's lane as a bridge currency and never can go outside that regulatory framework and challenge a nations sovereign currency and the US can do this because the amount of commerce coming in and out of the country not trying to boast but it is what it is.  The thing that stands out is once it's all said and done XRP will have a regulatory framework wrapped around it from the US Government, the US dollar is the worlds reserve currency.  All other cryptos will be ass out on official regulation status so it would probably be in their best interest to align themselves with the framework set forth for XRP and honestly some won't be able too, because guess who the feds will be coming for next. This entire thing is not about being a security but this had to be utilized to get this going as waiting on congress would cause detrimental loss, their hand had to be forced "Just my thoughts!"

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So Rikki - J Clayton is potentially a hero in your estimation for forcing the issue, NOT buying it, he had how many years IN the SEC where he could have sorted out something, clarity, a hint, a nod something, nope just a joker face. Joker gave ETH a free pass:-

https://tokenist.com/sec-chairman-lays-concerns-to-rest-ethereum-is-definitely-not-a-security/

He could have done this for XRP, but he did not, two other commissioners at the SEC publicly stated they were not in favour of this action, the ex-head of the SEC Mary Joe White said the SEC was dead wrong for doing this. This was NOT an action to force congress, this was something much darker and surreptitious in its nature, I doubt WE the little people will ever find out exactly what the truth is or what is going on behind the scenes.

As for the CLOWN, he needs to be taken out and given a good beating, hopefully by 10,000+ caped crusaders :)

 

 

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2 hours ago, Danny said:

Don't insult the Joker.

Man... I haven't seen the "recent" movie, but I think the kids might have gotten the wrong idea about what a Joker, Jester, or Fool actually does.  (Not much, I can tell you!) :)

(Oh, and to @RikkiTikki_is_Back:  The Prince sends his regards and thanks you for the reference!  He dug it!)

Edited by NightJanitor
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54 minutes ago, HAL1000 said:

So Rikki - J Clayton is potentially a hero in your estimation for forcing the issue, NOT buying it, he had how many years IN the SEC where he could have sorted out something, clarity, a hint, a nod something, nope just a joker face. Joker gave ETH a free pass:-

https://tokenist.com/sec-chairman-lays-concerns-to-rest-ethereum-is-definitely-not-a-security/

He could have done this for XRP, but he did not, two other commissioners at the SEC publicly stated they were not in favour of this action, the ex-head of the SEC Mary Joe White said the SEC was dead wrong for doing this. This was NOT an action to force congress, this was something much darker and surreptitious in its nature, I doubt WE the little people will ever find out exactly what the truth is or what is going on behind the scenes.

As for the CLOWN, he needs to be taken out and given a good beating, hopefully by 10,000+ caped crusaders :)

 

 

I didn't say Clayton was a hero at all, but as I mentioned where would we be if this process hadn't been put in place? "We still would be speculating on what XRP is or not for the foreseeable future.  Institutions at least here in the US would still be on the fence because they don't know what it is.  At least with the wheels in motion we get some closure whether it's bad or good for us that's the question but hands have been forced to move now as you mentioned the last 8 years everyone sit on their hands.  I totally believe Clayton threw the Biden administration lemons in hopes that it fails in this arena but now Biden's team can either let things sour or make lemon aid, and at this point with the potential in this space my guess is that he is going to make lemon aid and XRP will be the lemons that supply the flavor. You have to understand nobody is going full commando at XRP at least here in the states until that regulatory clarity has dried ink to it!! Your focus is on the negative not the good that can come out of this.  Once this is over XRP is done with the SEC, no other crypto will have that precedent.  The SEC can and probably will go after BTC and ETH once XRP is setup as the standard! if not the SEC it will be some other government agency!!  XRP has cleared the FINCEN hurdle and hopefully it clears the SEC hurdle.  BTC and ETH have officially cleared no hurdles if they did the SEC would have no trouble producing documents that speak to this for Ripple or anyone questioning BTC and ETH's status.

Edited by RikkiTikki_is_Back
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That's why I put the link:-

"Despite rumors over the SEC ruling Ethereum as a security, the Chairman recently came out with a statement dismissing these concerns. The clarification letter was sent out this week explaining the situation.

Jay Clayton, the Chairman of the United States Securities and Exchange Committee (SEC), has formally denied any concerns over Ethereum being a security.

In a letter of clarification made to Coin Center, the Chairman made clear that Ethereum would never be considered a security in terms of regulations. The letter was co-signed by Congressman Ted Budd.

Doubts Continue

You might have heard this rumor buzzing around as early as last year. In 2018, the Director of the Division of Corporate Finance, William Hinman, also pronounced Ethereum as not being a security."

This clarity could and should have also been provided for XRP, it was NOT, which is part of Ripples defence for good reason, Clayton and his fellow conspirators definitely sabotaged Ripple for their own reasons and gain.

 

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3 minutes ago, HAL1000 said:

That's why I put the link:-

"Despite rumors over the SEC ruling Ethereum as a security, the Chairman recently came out with a statement dismissing these concerns. The clarification letter was sent out this week explaining the situation.

Jay Clayton, the Chairman of the United States Securities and Exchange Committee (SEC), has formally denied any concerns over Ethereum being a security.

In a letter of clarification made to Coin Center, the Chairman made clear that Ethereum would never be considered a security in terms of regulations. The letter was co-signed by Congressman Ted Budd.

Doubts Continue

You might have heard this rumor buzzing around as early as last year. In 2018, the Director of the Division of Corporate Finance, William Hinman, also pronounced Ethereum as not being a security."

This clarity could and should have also been provided for XRP, it was NOT, which is part of Ripples defence for good reason, Clayton and his fellow conspirators definitely sabotaged Ripple for their own reasons and gain.

 

You do know the current administration is reviewing every policy made by the previous.  Like I said it ain't official that the ETH ball thrown on it not being a security isn't a foul!!! As we know Gensler himself called ETH a security just like he did XRP.  A lot is in the air now, I'm just saying XRP has the status of going through this first meaning once it's all said and done XRP will be the only crypto with definitive designations as to what it is. XRP will be the first not BTC or ETH.

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6 minutes ago, HAL1000 said:

The USA, the greatest country money can buy :)

If Ripple's tech had no implications for disruption of the banking industry we would not be here.  I don't disagree with your statement at all.  My problem is with the Maxi attitude in the crypto space because the support for Ripple should be unanimous across the board, because who's party gets crashed next if the ripple case goes bad??? Their going to Tank BTC with Taxes and Regulation.  It will still be around but it won't be worth it to get into it. A lot of people just don't get it this is a war on crypto not just XRP. 

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Oh I agree, wars usually end with one winner or an agreement, I just hope the world comes out the winner in this one. The future is digital payments, not stimulus cheques being sent out to be cashed at banks, the world is going to need DLT and the best answer to that right now is Ripple and XRP. Current incumbents be dammed, get out the way, the future won't wait for you.

 

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20 minutes ago, HAL1000 said:

Oh I agree, wars usually end with one winner or an agreement, I just hope the world comes out the winner in this one.. The future is digital payments, not stimulus cheques being sent out to be cashed at banks, the world is going to need DLT and the best answer to that right now is Ripple and XRP. Current incumbents be dammed, get out the way, the future won't wait for you.

 

Resistance is futile, but we have to do this regulation song and dance. For any crypto to be money it has to be regulated no way around it and a lot of people seem to be missing that point.  There is no money on this planet that is not regulated by some governing body

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