Call in details for tommorow.

[JASCoder]

40 minutes ago, Julian_Williams said:

These people in high office are simply stupid people with huge salaries and power given to them after years of climbing the ladder of office politics.  They have few wits and even less common sense.

Or they're all dancing to the strings attached to them and worked by their Overlord Banksters.

[Julian_Williams]

1 hour ago, JASCoder said:

Or they're all dancing to the strings attached to them and worked by their Overlord Banksters.

I wish I could know what motivates their minds, but it is not possible because they are in a completely foreign land to me. I rather imagine life a bit of a blur since they live in a bubble world of high office, money and other entitled high office friends that are removed from reality.  But right now I guess they have their adrenaline running as certainties they took for granted are falling apart and the masks that protect them are falling off.

Edited August 31, 2021 by Julian_Williams

[RobertHarpool]

A couple of my favorites from the hearing ... 

Tenreiro:  "In terms of turning the documents over for an in camera review ... ramble ramble, ramble, ramble (for several minutes) ... but if the court wants us to do that, then we will." 

Judge: "Thank you. I do." 

(with a camouflaged, but evidently indignant tone, I might add)

.... 

Or, when Judge Netburn asked if there was a specific date when SEC deliberations over XRP's status were finished ... so that the SEC could turn over all documents created after that ... or (and I quote) .. "or is this a perpetual SEC deliberation?"  .... (LOL ... This harkens to the SEC's accusation of Ripple having a "perpetual ICO",) ...  but more importantly demonstrates that if the SEC is still deliberating, then they obviously STILL don't have a position.  LOL 

.... 

Judge Netburn must have felt that Tenreiro is a couple sandwiches short of a picnic as she all but pulled out the crayons to connect the dots between if-the-SEC-didn't-know,-how-could-the-SEC-complain-CL/BG-were-'knowingly-reckless'?.

....

Then Tenreiro sets up a straw man about CL/BG should have known the 'consequences of violation' ... and that the 'consequences of violations are very clear'. Well, no sh@t!! We all know the CONSEQUENSES of violating Section 5. What they didn't know was if Section 5 was applicable.

At this point, there is no way around it: Tenreiro is just willfully dumb. 

 

FWIW: For me, there was one point toward the beginning where the convo was muted for a while ... anyone else? purposeful? or bad connection? ... Then I was further disconnected TWICE and managed to call back in. Pretty sucky since I had to get up at 5:30 a.m. (Hawaii Time) to listen in. 

 

[HAL1000]

John E Deaton in reply to someone on Twitter.

How could these Ripple attorneys possibly know what these SEC documents show?

Have you looked up the #Ripple Defense Team? Mary Jo White, former Chairwoman of SECGov, Meredith Cross, former Director of Corporation Finance. Andrew Ceresney, who served for nearly four years as the Director of Enforcement at the SEC under Chair Mary Jo White. Mathew Solomon, who formally served as the SEC’s Chief Enforcement Litigation Counsel. They might have a clue regarding what these documents show.

@MarkCrypto8

But what if these documents mysteriously disappear with no trace and SEC say they have no knowledge of them? Ex SEC employees may have no evidence they did exist.

Deaton

The documents have already been identified in a privilege log. The SEC can’t destroy them now. And if the documents were destroyed, the Judge could throw out the case as a remedy.

The Ripple attorneys seem to almost guarantee that the BTC, Ether and XRP documents that the SEC refuses to turn over will be absolutely exculpatory and potentially end the case. It’s almost as if the Ripples defence team knows something the public doesn’t.

--- Which is inline with my thinking in an earlier post in this thread and Jeremy Hogans initial assumptions in one of his early videos, saying something very similar, THE SEC ARE HIDING SOME VERY BAD THINGS---

I'm going to bed, this has been a long day for this underpaid and overworked reporter, I will dream of moons with little XRP icons jumping over it  

P.s. Stupid Enforcement Cartel, GIVE IT UP ALREADY.

[Julian_Williams]

 

[PlanK]

11 hours ago, HAL1000 said:

JC, Hinman and others (along with some still at the SEC) have and still are, playing games with the market, congress and senators, for personal gain and on behalf of some very powerful friends. They have grossly abused their positions and for once the hornets nest may sting them back enough, for them to give it up. They now can't win more than they could lose, so, IMHO, the SEC just lost on all fronts (including internally), so settlement inbound.

Justice is not a decentralised system.  None of us have a governance token that gives us voting rights on the outcome.  The judge is still a single point of failure.  Words spoken now by the judge does not equate to a certain win.

[VanHasen]

6 hours ago, PlanK said:

Justice is not a decentralised system.  None of us have a governance token that gives us voting rights on the outcome.  The judge is still a single point of failure.  Words spoken now by the judge does not equate to a certain win.

Imagine every grown up citizen would be allowed to vote on a verdict in cases like this (SEC v Ripple) - there`s about 14 % of americans holding crypto - most of the non holder still view crypto currencies as dirty money for criminals which would give the majority of the voters a much more biased view towards the SEC 

Even out of the 14% of crypto enthusiasts, the majority (BTC, ETH) still hates XRP and ripple and would love to see the SEC win this case

I don`t know but I sure as hell am happy to have a judge like netburn (and torres) ruling on this partially very complex issues.

Yes, judges are a single point of failure but they have to justify their decisions all well documented for reviewing any time - Jurys don`t have to and a decentralised voting system surely wouldn`t neither

[HAL1000]

This is WHY the SEC can not govern over crypto and class most of these cryptos as securities:-

Of course, we all need to be fair and balanced in our assessment of what's going on in this case, so errrmm, errrmmmm, errrrrmmmmrrmrmrmrm, here is the Stupid Errmrmmmrrmm Cartel's side

After much thought and deep analysis on my part of the case and vid above, my general reaction is:-

XRP TO THE MOON, I'M SURE I HEARD THIS KIND OF LAUGHTER ON THE LAST PHONE CONFERENCE - LOL

Edited September 1, 2021 by HAL1000

[RipMcGillicuddy]

Can anyone show Filan's latest tweets? Looks like Ripple has to hand over Slack communications...cool. Is the rug about to get pulled from under us?

[WarChest]

49 minutes ago, RipMcGillicuddy said:

Can anyone show Filan's latest tweets? Looks like Ripple has to hand over Slack communications...cool. Is the rug about to get pulled from under us?

So playing devils advocate, let’s say Ripple lose this case (not bothered about BG or CL)
What will be the adverse effect?

Will it be the end of the battle, will XRP be deflated for ever? If not how long will this case depress price of XRP?

I think that all that will happen is that Ripple will recover in some way or other, and XRP will just find it’s level just as if the law case hadn’t been brought by the SEC. Ripple will have covered that by having legal entities throughout the world, such that one court in one country isn’t relevant across  the world.

I have been drinking strong beer today, and my thoughts are clear, if the US courts find for the SEC, it will prove to be a side show.

Ripple will prosper, XRP will rise in value and then the US Will just di facto use Ripple products and where XRP is exchanged will be mute to the point that US will realise it’s foolish to not allow it.