EXTREMELY IMPORTANT as it relates to secondary market sales for ALL crypto.

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https://www.crypto-law.us/wp-content/uploads/2022/12/12152022-ICAN-Amicus-Brief.pdf

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The lowdown, Library goes bankrupt because of the SEC and dissolves to nothing, but LBR tokens still exist and are still being used, so how can there be any contract with Library! and who now manages these non existent so called SECURITIES contracts SEC?

The answer is of course, they where never securities in the first place, JUST LIKE MOST CRYPTOS AND XRP, which makes putting Library out of business in the first place, that much more shameful, doesn't it GG, you corrupt F'ing AHOLE.

I'm sick of GG and the SEC, there stupid games have cost America any lead in the crypto space and destroyed billions of dollars worth of INVESTORS assets... pricks all of them.

I hope SBF recorded every meeting with GG and politician he met.

Edited December 16, 2022 by HAL1000

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Edited December 16, 2022 by HAL1000

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When criminals are running an agency tasked with protecting people, paid for by tax payers, then it's time to unite to teach them one simple thing, THEY are not in charge, voters and taxpayers are. GET THE CRIMINALS OUT OF THE SEC AND IN JAIL. Gensler and Hinman should be in jail and whoever supports them, signed 76,000+ XRP holders.

Edited December 16, 2022 by HAL1000

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Edited December 16, 2022 by HAL1000

[Alluvial]

For xrp holders and users of ODL, this really seems to be the most important issue.  If the court were to make it clear that non-issuer type transactions are exempt from registration then I would think that exchanges could re-list xrp and ODL could be implemented by more FI which are potentially hesitant due to the ambiguity relating to whether xrp transactions in the secondary market violate securities laws.  The xrp price would go up dramatically I would think.  And, even if xrp sales by Ripple and directors are required to be registered, those xrp apparently can be sold by those purchasers a year later and be exempt.   

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[Montoya]

On 12/16/2022 at 10:43 AM, Alluvial said:

For xrp holders and users of ODL, this really seems to be the most important issue.  If the court were to make it clear that non-issuer type transactions are exempt from registration then I would think that exchanges could re-list xrp and ODL could be implemented by more FI which are potentially hesitant due to the ambiguity relating to whether xrp transactions in the secondary market violate securities laws.  The xrp price would go up dramatically I would think.  And, even if xrp sales by Ripple and directors are required to be registered, those xrp apparently can be sold by those purchasers a year later and be exempt.   

I don't see what other choice the court has. Given the clear cut implications presented by the LBY case, any other decision would lead to a similarly irrational and self contradicting status for XRP. How can a "Security" still exist and be a security after the "common enterprise" no longer exists? By the logic of the court, LBY should've ceased to be traded completely after the folding of the company. Per the decision, all the people currently trading it are selling unregistered securities; but securities in what? a non-existent company? the whole thing demonstrates the absurdity of the decision.

However, that being said, the government has never seemed to have had an issue with handing down illogical and contradictory decisions. I really want to get back into XRP, but my distrust in the rationality of the US government gives me pause.

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XRP Holders Attorney Deaton Dives into SEC vs. LBRY Case, Files Amicus Brief Supporting LBRY

https://thecryptobasic.com/2022/12/16/xrp-holders-attorney-deaton-dives-into-sec-vs-lbry-case-files-amicus-brief-supporting-lbry/

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Hey John D Rambo, go get those Screwball Ethereum Crooks, signed 76,000+ of us 

 

Edited December 20, 2022 by HAL1000

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