There are new developments in the SEC vs. Ripple case. Do you remember the speech that the SEC tried to use as a baseline for an attempt at guidance over the use of XRP? The draft of that speech and perhaps other interesting details are likely floating around in the Hinman Emails!
The SEC has taken a new approach to safeguard the emails from public eyes. They are claiming that the speech drafts have no claim or relevance to the case. Months ago, they were trying to sell the judge on Hinman using the speech to communicate his views on enforcement protocol for XRP.
It seems as if they have had a change of heart. All of a sudden, the would-be guidance is now nothing more than a draft with no use in the case. If this is true, one has to wonder where the case now stands. The change of heart comes after the judge has repeatedly asked for the Hinman emails. The SEC has constantly defied the judge by not producing the emails; until this latest filing.
So, about those emails! The SEC is ready for the judge to see the emails, but only the judge can see the emails. One has to wonder what’s hiding inside the emails! It is starting to look like a giant whirlpool, and the government is at the center of it. Do not take my word for it; read the nitty gritty for yourself.
I will link the tweet with the new information below. It’s a good thing I am patient! I have had to sit through three pregnancies and share two bathrooms with three girls and a husband, so I specialize in waiting. As always, I am not a financial advisor, I’m just a mom with a thing for crypto.
Fun Fact, we are the only country that labeled XRP as a security and it is currently doing business worldwide. The SEC is the only thing standing between us and financial freedom.
So, if Blackrock and Coinbase came together to have a baby, could we call it Bitcoin? That’s right! We are officially seeing a giant leader in financials embrace crypto. See link below! https://www.cnbc.com/2022/08/04/coinbase-shares-jump-after-partnering-with-blackrock-to-give-clients-access-to-crypto-.html
I warned you guys for a while now that mainstream will be the top indicator of crypto acceptance. There are a few tokens right now that have me going bonkers! As in, I am trying to do extra to buy extra tokens like VeChain! A girl needs to have all her ducks in place! Smile!
My top tokens at the moment are VET, UFOgaming, XRP, and of course, I still have my Mcontent, Kishimoto, and Shiryo. Many people have shied away from crypto because of the bear market, but top companies like Blackrock and a few others are going full speed ahead. Honestly, I do not see crypto going away. I see upcoming regulations which will make it harder for some to buy into certain projects.
As for those investors like myself, we live to fight another day. However, seeing Blackrock and Coinbase come together for Bitcoin makes us smile a little more confident. We cannot control many things in life, but we can control what we believe in, and that’s the key to making life manageable. Tokens like XRP, Mcontent, and a few more will change the world as we know it.
As for the updated news on the XRP frontlines, we are still waiting for the SEC to cough up those emails. Ripple is not playing with the SEC primarily because they know the outcome of this case will either grant more power to the SEC or put crypto in the hands of another enity altogether. It is perhaps the most important case for cryptocurrency and the definition of security in the crypto world. The funny thing is that XRP has continued to take root and gain momentum worldwide. America is the only country that claimed XRP was a security. This is both interesting and very troubling for the road ahead.
So as always, I am not a financial advisor! Have a great weekend, and drink coco for me!!
If you are anything like me, you are more than ready for the SEC vs Ripple lawsuit to end. Last week, the security issue again reared its ugly head during a conversation about crypto on the hill. At this point, one has to wonder why people like SEC keep trying to push the security label onto XRP and other tokens!
Could it be the fact that most securities are often found in companies like brokerages and banks? What would the people behind the big banks and brokerage companies stand to gain if something like XRP floated over into their domain? Who are the people that normally gain from this sort of financial movement? Rich people!!!
Before we move on, I must say, I do not think XRP is a security. The SEC doesn’t have any solid laws on the books regarding crypto. It is going to be extremely hard to punish a company for a new tech that doesn’t have any guidance. This is why the SEC shouldn’t be overseeing anything regarding crypto. It still isn’t clear if the SEC didn’t perform some sort of inside trading regarding ETH with their questionable dealings with the Hinman emails.
One of the continued losers of this case is the SEC because of the arguments they keep bringing to the table! They are working really hard to hide the contents of the emails. They have corruption within their ranks, which has led to investors being hurt and XRP being crippled. One could say, the SEC has played King Slayer in the crypto world. As the case against Ripple continues into yet another year, Judge Netburn seems to be tiring with the conduct presented by the SEC. Perhaps one of the biggest revelations is the revelation of emails, which showcase behavior that could be seen as problematic.
The Hinman emails are the reason regulation needs to be in place. At this point, we know Hinman had connections to ETH. We know that he was warned about his relationship with a firm that had dealings with ETH. Top agencies should not be watchdogs on rivals in any financial market due to the potential for abuse of power.
Abuse of power cheapens innovation and promotes unfairness in the market. Perhaps, the question is, what does it take for the SEC to get hit with an ethics violation? Look at this clip and make your own mind up.
As always, I am not a financial advisor! DO YOUR RESEARCH!