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Ripple wants a chat under oath with a former SEC official!


HAL1000
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So what I got from here. https://www.legalmatch.com/law-library/article/what-is-a-motion-to-quash.html

Apparently the motion to quash is common.

The SEC does not want Ripple to have access to Jay Clayton or Hinman and ask the question why XRP and not Ethereum, Bitcoin and others? What makes XRP explicitly considered a security in the view of the SEC. I think they  don't want Someone under oath to answer questions that they can not answer without completely ruining the SEC's case since they don't even know what is a and what is not a security when it comes to digital assets.

Edited by peanut56
forgot something
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Posted (edited)
3 hours ago, peanut56 said:

So what I got from here. https://www.legalmatch.com/law-library/article/what-is-a-motion-to-quash.html

Apparently the motion to quash is common.

The SEC does not want Ripple to have access to Jay Clayton or Hinman and ask the question why XRP and not Ethereum, Bitcoin and others? What makes XRP explicitly considered a security in the view of the SEC. I think they  don't want Someone under oath to answer questions that they can not answer without completely ruining the SEC's case since they don't even know what is a and what is not a security when it comes to digital assets.

Ripple did not have an ICO, XRP is not a security, the SEC are either corrupt (or at least some of them) or being used by higher powers. IMO, the rest of the world declared it a currency because it is, the SEC should never have gone near Ripple, former people at the SEC tried screaming this at Clayton, but he and his minions did this anyway. The minions have always followed the wrong kinda leaders :)

 

Edited by HAL1000
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5 hours ago, HAL1000 said:

The SEC - Santa's Entertainment Centre (that's what my kids now call the SEC), because, they asked me what the SEC is and I told them, that's where the clowns hang out :)

Please stop insulting clowns @HAL1000

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This is a ***-for-tat legal game at this point, the SEC asked for more time for discovery and to get more depositions etc, so Ripple's legal team are asking for the same in kind I guess. It's all rather sad and pathetic at this juncture.

 

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THIS IS BILL HINMAN BEING INTERVIEWED - LISTEN TO HIS OWN WORDS

THIS IS THE MAN WHO GAVE ETH A VERY PUBLIC PASS AND IS NOW TRYING TO WEASEL HIS WAY OUT OF ALL THIS, BY ALLEGING WE ARE THE ONES IN THE WRONG AND BULLYING HIM AND THE SEC etc. Small disclaimer, MY views, are not necessarily those of the rest of XRP chat or the larger XRP community in general :)

 

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