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First: As I predicted, the Hinman letter would be a big dud. It’s meaningless decrypt.co/144569/xrp-drops-…

Next: Any chatter (2013-15) about #Bitcoin from the SEC is meaningless. It’s beyond their reach. Gensler has said this and he’s right.

The SEC will go after *BOTH* ETH & XRP as unregistered securities. The SEC works for the bank cartel and they run a protection racket for the banks. They’ll cite national security & the patriot act if needed, but no way will ETH/XRP make it.

You point about liquidity is spot on, and this effectively ’kills’ these projects.

“Code is not a security” is a dead end argument, IMO. Deserves a separate thread.

But what *is* problematic is that it can be shown, IMO, that Ripple/XRP knowingly created a fraud seeking to circumnavigate regulations.

Quoting @JohnEDeaton1:

Max, the SEC can’t “kill” XRP. I’m sure you’re aware that in 2013-2015 some people at the SEC were calling #Bitcoin a security (which is insane).👇 is a video of Joe Grundfest in 2015 discussing it. Don’t get me wrong the SEC can and has caused damage (ie dry up liquidity) and can scare some to delist, but a transient regulator like Gensler will be gone in 2 years. Software code is not a security. Even if the Judge decides Ripple violated Section 5 at some point, that doesn’t make XRP a security. I’m sure you’ve seen how ETH was favored because of regulatory capture by a group of investors. That’s your SEC at work. A level playing field with the best technologies winning is the America I want to live in.

piped.video/vLU4B8L-ROc https://decrypt.co/144569/xrp-drops-markets-digest-hinman-documents-sec-court-case

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Rimbaud 2y ago

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