New Crypto Law video - the SEC are corrupt

[HAL1000]

The SEC obviously run a bribe to play business model, ETH gate proved it, FTX proved it, if only Ripple could have gotten in with the right people there, with enough brown envelopes etc, then just maybe this lawsuit would never have been brought!

https://www.crypto-law.us/

Edited January 20 by HAL1000

[peanut56]

I've debated about the whole eth, btc, ect pay to play and the how it would affect Ripple's business model. I don't think the folks at Ripple were to naive to understand how Washington works in regards to lobbying and favors. Eventhough they maybe could have, followed suit with most large U.S. corporations, but would there be a long term deficit.

Ripple has stated its goal is to challenge swift, use xrp and other digital assets for money transfers, work with banks, businesses, institutions, and governments. Since their goal is an International one any misstep may cause the loss of trust of those they wish to work with. If Ripple maintains clean hands or as clean as possible, it should help bring in business that would otherwise stay away due to the long history of the U.S. manipulating nations with its own currency.

Long story short there are plenty of nations that despise the U.S. for manipulating nations. If Ripple plays along and becomes and behaves as an "American" company, they may not be able to penetrate various markets.

Yes Ripple probably could have played a shorter game for success, but that could cut its final position.

From an emotional level, I often thought if only ripple had the right lobbyist or greased this or that. I just feel like in the long run it would screw them because it opens the company up to blackmail.

[HAL1000]

1 hour ago, peanut56 said:

I've debated about the whole eth, btc, ect pay to play and the how it would affect Ripple's business model. I don't think the folks at Ripple were to naive to understand how Washington works in regards to lobbying and favors. Eventhough they maybe could have, followed suit with most large U.S. corporations, but would there be a long term deficit.

Ripple has stated its goal is to challenge swift, use xrp and other digital assets for money transfers, work with banks, businesses, institutions, and governments. Since their goal is an International one any misstep may cause the loss of trust of those they wish to work with. If Ripple maintains clean hands or as clean as possible, it should help bring in business that would otherwise stay away due to the long history of the U.S. manipulating nations with its own currency.

Long story short there are plenty of nations that despise the U.S. for manipulating nations. If Ripple plays along and becomes and behaves as an "American" company, they may not be able to penetrate various markets.

Yes Ripple probably could have played a shorter game for success, but that could cut its final position.

From an emotional level, I often thought if only ripple had the right lobbyist or greased this or that. I just feel like in the long run it would screw them because it opens the company up to blackmail.

Just to clarify, I'm really happy Ripple don't play the bribe game, it's refreshing

[JASCoder]

15 hours ago, HAL1000 said:

Just to clarify, I'm really happy Ripple don't play the bribe game, it's refreshing

There likely WAS a shake down attempt by the previous Administration,
and Ripple said GFY 

Why ELSE would the SEC drop such a vindictive - and knowingly harmful - case upon them,
AND its directors too - despite warnings of certain harm to US investors ?

"Sure... We'll give ya some Regulatory Clarity.
But we're gonna need a little favor first..."

#WeGotPlayed 

Edited January 21 by JASCoder

[Guest]

10 minutes ago, JASCoder said:

Why ELSE would the SEC drop such a vindictive - and knowingly harmful - case upon them,
AND its directors too - despite warnings of certain harm to US investors ?

Not the SEC. Jay Clayton. To support ConsenSys and Ethereum.

ConsenSys has since dropped out of the cross border payments business having utterly failed, inspite of bribing the right people to get a free pass and helping dump a lawsuit on Ripple, buying Quorum from JPM, still couldn’t do a damn thing to get into that market.

[JASCoder]

1 minute ago, Ripley said:

Not the SEC. Jay Clayton. To support ConsenSys and Ethereum.

ConsenSys has since dropped out of the cross border payments business having utterly failed, inspite of bribing the right people to get a free pass and helping dump a lawsuit on Ripple, buying Quorum from JPM, still couldn’t do a damn thing to get into that market.

But why make the unusual move of making it personal, going after the execs (who'd have been the ones to say "no") ?

FWIW, our good friend Bob gave my tweeted reply to him a "like" when I suggested this line of thinking...
Not that he'd be especially in a position to know wtf went on behind closed doors, but he'd sure be in a bit better position to know more than us in the peanut gallery eh ?

[Guest]

13 minutes ago, JASCoder said:

But why make the unusual move of making it personal, going after the execs (who'd have been the ones to say "no") ?

Because after the 2008 fiasco where no executive went to prison, regulators changed their stance and included going after execs as a policy. Elizabeth Holmes, Trevor Milton, now SBF, etc. That is my guess at least. 

It was a mistake in this case though because it allowed Ripple to get Hinman emails, because it came down to subjective vs objective view of XRP as a security.