The Judges In The SEC v. Ripple Case Want To Know About Those Emails! Yeah, The Hinman Emails Are Not Going Away.

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We live in an information-rich world today, which results in mass quantities of information hitting the world at any given second! As we gather information from servers across the globe, one thing becomes clear to us all! Nothing written and passed from person to person via the internet stays hidden for a long.

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When the SEC took Ripple to court nearly two years ago, you can bet they never dreamed that their emails could one day come back to haunt them. As of today, two judges in the case have now both called for the Hinman Emails to be turned over to the court. One has to conclude that the contents of these emails must put the SEC and other high-profile individuals in a compromising position.

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There are many questions regarding the treatment of XRP and the word play around it being security or not security. The world is watching, and now there are whispers about settlements and judgments. However, there’s only one thing we know about this case, and it hinges on the fact that the SEC never thought they would have to cough up the Hinman emails.

I have a love-hate idea about the emails. If the emails are something that can tank the market, I do not think they should come out. However, if they are something that shows an illegal act, then the public needs to know. We have a right to know if our government officials are ripping us off as investors. Nobody should be above the law! This is the current theme, and that notion should apply to every entity of people serving in places that are supposed to protect us.

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Many people are turning their eyes to lies and fraud within our government. In my opinion, some of these people didn’t think crypto would take off and become a contender for the current stock market. Both can coincide, but there needs to be stark regulation that lays out the acceptable conduct of those investing in certain sectors. At the end of the day, if we do not see the emails, it is because something a little less than sorted went down. If we see the emails, something horrible went down.

As always, I’m not giving financial advice. I’m just giving you the skinny. Be careful in the crypto world.

The Nervous Investor! Awaiting Word On SEC v. Ripple

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I’m sure many of us are biting our nails as we await a ruling on the SEC v. Ripple case. If you are anything like me, your nights are no longer used for sleeping. I am a nervous wreck! Hopefully, Ripple wins the case, and XRP picks up where it left off before getting delisted. I do not want to make speculations about the price because, in crypto, you never know.

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I have learned to hope for the best and mentally prepare for reality! In crypto, it’s best not to get your hopes up because when a token misses the target, it causes people to freak out. After ETH merged, some people thought it would help to bring the price back up. It was holding around $1500.00 until the SEC stated that ETH falls under US jurisdiction.

Some of your ETH investors said nasty things about XRP, and now it looks like the SEC has its eyes locked on them. It is now public knowledge that the prior head of the SEC worked with firms that had direct dealings with ETH. We do not know what kind of relationship he had with ETH, but we know he was warned against contact with a firm due to his position and their involvement with ETH.

This is why we must have regulation. I sound like a broken record, but I will keep saying it. There can be no safety in crypto without regulation. Think about society and how laws work to hold certain practices in place. If we want crypto to become a contender in finance, there have to be regulations put in place. The lack of regulation gives birth to more fraudulent activity. It would be too easy for white-collar crime to ruin the crypto space.

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I don’t want to see ETH go down the same path as XRP because the results would be horrible. However, I want to make sure we have a clear understanding of what happened, so we can prevent it from happening in the future.

As always, not financial advice. Now I can go to sleep.

Law Enforcement Must Find A Way To Work With Communities

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It is a little after 4 AM, and a child is missing somewhere in my part of the city. The police department cannot give out any information on the child. They cannot tell race, sex, age, or anything. I haven’t heard an Amber Alert go off, so how do they find this child? The mother in me can’t help but feel a little freaked out.

What if this was my child? Having the police check local areas is helpful, but why not use the Amber Alert system? The Amber Alert system is a child abduction emergency alert system that goes into effect when children are taken. I do not understand why the police cannot tell if the child is a boy, girl, white, black, 2, or 17. This limits the amount of help that a community is able to offer.

Right now, it’s still dark, and who knows how long this child has been missing. I do not understand why we haven’t heard an Amber Alert go off. Anyway, I feel like we need to do something to make sure we are able to get the max level of help when it comes to missing children. Know the sites that specialize in missing kids like https://www.missingkids.org/HOME and their Facebook information https://www.facebook.com/missingkids/ helps!

Police departments should also use their social media contacts to put alerts on Nextdoor. Nextdoor is very popular and it is used in about 33% of households in the US. This app could very well help to alert neighbors about missing children. Perhaps, the app could send an alert to security devices that trigger notifications if the children are in the area.

This should be an easy fix because we came up with coupon apps, dating apps, and health apps. Anyone, just a gripe!

Do Kwon And The South Korean Government At Odds

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Around the beginning of the summer, LUNA crashed from a position of over $100.00 to pennies in a matter of hours. The LUNA crash was prompted by the depegging of their stablecoin USD. Around that time, a lot of investors including myself were trying to talk the blockchain eco team into saving the token.

At that time, the founder Do Kwon and his team were adding trillions of tokens to the circulation, which pretty much killed any hope of LUNA being able to recover. There were multiple plans being offered by the community and even by the Binance founder Changpeng Zhao. The first idea was to burn the newly created LUNA tokens, but the problem was the number of tokens. With the new amount being in the trillions, there was no real way, a burn would work.

Keep in mind, that circulation with crypto is everything.

Rumors soon started to come to the surface about the moments before the LUNA crash. It was said that Do Kwon knew about the upcoming crash and offered information to help get some of the investors to cash out before the bulk of the investors were screwed. As new investors entered the community trying to help soften the blow, Do Kwon started to mint new tokens. Sadly, efforts fell by the wayside, and people started to ask about LUNA’s Bitcoin reserve.

After several tweets with the Binance owner, Do Kwon stated that they couldn’t use the reserve. He insisted that he used it to stabilize the USD stablecoin. However, things still didn’t add up. Investigations were called from multiple places and now South Korea has issued an Arrest Warrant according to https://watcher.guru/news/terra-south-korea-issues-arrest-warrant-against-do-kwon.

Due to the ongoing legal issues both LUNC which was the old LUNA and the new LUNA are both dipping in price. People are probably jumping because they do not want a repeat of May. In crypto, trust is perhaps the biggest factor when it comes to investing. If you cannot trust the project or the dev team, it’s hard to feel good about putting your money into their project.

There are questions about the handling of LUNA. Why did Kwon use all his Bitcoin, did he use it to try to save the project, and why did he add trillions of LUNA when people were trying to save the project by investing? Maybe South Korea will be able to get some real answers because most of us would like to know what happened to LUNA!

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