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Rats Leaving A Sinking Ship.


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"Though (Marc P.) Berger’s time in the top position was short, it bears at least one major highlight: the SEC’s $1.3 billion lawsuit against Ripple Labs, CEO Brad Garlinghouse, and Executive Chairman

Just withdrawing the case still doesn't bring any clarity. Ripple will insist on this very clarity before signing anything.

This might have gone under the radar a bit, but for me this is AMAZING news. You don't leave mid way through a hugely high profile law suit like this, something is going on behind the scenes. It doesn

15 minutes ago, PlanK said:

Gensler gets confirmed and next day this fella leaves.  Maybe he knows which way the wind is blowing.  Jumps before he gets pushed.

 

Not that it needs to to related but also the same day this was said:
"Digital money is a perfect illustration of this maxim, where after a long period of development, the field is on the cusp of major changes that have the potential to reshape cross-border payments and remittances." - by Kristalina Georgieva, IMF Managing Director

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1 hour ago, PlanK said:

Gensler gets confirmed and next day this fella leaves.  Maybe he knows which way the wind is blowing.  Jumps before he gets pushed.

 

This is also a week after Ripple won the decision by the judge for them to read through all the SEC's formal internal communications tied to this case (memos, meeting notes, etc.): https://www.coindesk.com/sec-ripple-discovery-bitcoin-ether.  We all knew SEC was contradicting itself up to this point. Then Tetragon was ordered to reimburse Ripple's legal fees based on this decision within the last week: https://www.financemagnates.com/cryptocurrency/news/tetragon-lost-case-to-reclaim-175-million-ripple-investment/.

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“But, XRP is no more a security after the SEC filed the enforcement action than it was before it,” the Delaware Judge said in the ruling on Friday. “A determination…resolves the question of whether XRP is a security.” 

“The enforcement action, by contrast, asks that question. The question is not yet resolved, so a determination has not yet been made. And when it is made, it will be made by the District Court,” the Judge added.

I am sure Berger knows he wants to have a job somewhere else, once Ripple's legal team shares their findings on the SEC internal communications.

Edited by wogojump
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