Filan Law / Moonlambo and J Hogan - get out of this one SEC!

[HAL1000]

 

"Mr. Hinman’s personal views as to XRP’s status are dubious . . . "

 

Edited August 24, 2021 by HAL1000

[HAL1000]

 

[HAL1000]

 

[HAL1000]

To break this down into language the SEC can understand:-

Errrmmmm, Hi SEC could you please make it clear to market participants what your stance is on XRP, "if it's a security, then we are going to regulate it" say's our boss, OK so is XRP a security "we don't know". Hey Chris, Brad, Ripple you should have known it was a security, I know we the SEC didn't know, but you should off?

Also, the SEC argues that Deaton's class action can’t intervene because XRP in the market isn’t a security… so how can they possibly turn around and argue XRP in the market is a security and all sales were reckless? Which version of the SEC is lying? (Hint: It’s both of them).

The Self Enriching Clown's clarity on these matters has me confused, how about you? 

Let's just cut to the chase, you the SEC are a corrupt bunch of Aholes working for Wall Street, the bankers, and possibly the CCP, investor protection is the LAST thing you are really about. Your leadership is under investigation for corruption, you're an agency with a very sketchy history, maybe it's time WE all just shut you down for OUR own good.

Edited August 24, 2021 by HAL1000

[HAL1000]

 

[panmores]

To interrupt your talk to yourself @HAL1000 - thanks for posting all those.

Even in the hardly unlikely case of Ripple succumbing to the SEC in court, in the big picture it probably wouldn't make much difference anymore. Ripple HQ would move abroad, XRPL gets traction in so many ways.

Of course the SEC show their ugly face and they're probably praying internally to get some direly needed help from above. 

It's a U.S. power play amongst vested interests, the financial industry and the many government agencies. Not much to do with Ripple in fact. The U.S. will anyway lose out heavily whatever way the court decision goes. 

[WarChest]

1 hour ago, panmores said:

Even in the hardly unlikely case of Ripple succumbing to the SEC in court, in the big picture it probably wouldn't make much difference anymore. Ripple HQ would move abroad, XRPL gets traction in so many ways.

Anyone have any idea what the most severe penalty could be for Ripple if they were to lose their court case? 
 

[Caracappa]

3 minutes ago, WarChest said:

Anyone have any idea what the most severe penalty could be for Ripple if they were to lose their court case? 
 

The entire management team would be sentenced to working camps in China or death. That would be worst.

Or a fine for selling xrp in the early days. Still, SEC has to proof what xrp would be sold as investment contracts and which were sold to US buyers and which to the rest of the world. 

[HAL1000]

Does anybody else think it's ironic that this case is really burning up the net and is being tried by judge NetBurn!

I can imagine the SEC challenging all this if it ever goes to court (it won't), but they will most likely argue that the judge's decision, is just her OPINION and therefore has no bearing on the case, LOL.

Let's face facts at this point, the SEC don't want clear guidelines, no matter what GG say's, they want to be able to raid the crypto piggy bank at will. The fair notice defence really screws up this potential business model, and that's why they have not let this drop. There is obviously a lot more going on, but the SEC have stirred up a hornets nest, and that's bringing in other actors to bite the SEC even more. Will this dog be able to survive this fight, even the SEC has to realize they may have more to lose, than win in this case, so settlement seems much more probable, than dragging this on to an actual court hearing, (they will lose).

So my guess, settlement is going to happen, and of course that means before the court hearings begin (Feb 22 - 2022), but the terms of that settlement are the key to the future of crypto in the USA, unless the US Government / new legislation or other agencies etc, take this out of the SEC's grubby little mitts.

I expect the XRP price to explode before the above date, based on what I have stated above.

[WarChest]

2 hours ago, HAL1000 said:

unless the US Government / new legislation or other agencies etc, take this out of the SEC's grubby little mitts.

The SEC is the agency that has the task of grabbing cash from crypto, that task has been given by Govt. if SEC weren’t chosen some other agency would be, I feel certain.

[HAL1000]

CFTC commissioner says agency has broad enforcement authority on crypto derivatives

https://cointelegraph.com/news/cftc-commissioner-says-agency-has-broad-enforcement-authority-on-crypto-derivatives

[Julian_Williams]

 

Edited August 24, 2021 by Julian_Williams

[RikkiTikki_is_Back]

One has to ask themselves now being that the evidence against the SEC's case is so damning and in your face,  Have they pivoted to a quick cash grab to attempt to salvage what little integrity they have circling in the toilet bowl?? Right now a settlement is looking more better for the SEC than ripple.  I mean if they take this and loose Gensler can pretty much kiss his position goodbye.  Were looking at a massive waste of tax payer dollars in a time where dollars are crucial, sentiment for this administration is tanking in all areas, sentiment for crypto in general is growing.  So one has to ask also, does the biden administration want to be the face of the administration that lost the most public facing SEC case in recent history??? My bet is there are some settlement talks going on that will have both parties walking away with a win scenario.