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!!
Hopefully, you are paying close attention to the crypto market this month. The lawsuit between the SEC and Ripple is starting to get a little crazy. If you are anything like me, you should be in awe of how the SEC is still managing to defy court orders. With all the affidavits flying around this case, you would think we would be near a ruling. However, we are still in limbo.
The problem is that we do not have enough people talking about what happened with the Hinman situation. Sure, we have some Republican Congressmen starting to raise concern over the Hinman emails, but we should have both sides of the house deeply invested in this case. You cannot have this sort of situation take place with members who seek to govern the very market they are attacking for personal gain.
We have a lot of XRP investors being represented by John Deaton, which is a great thing. To have a government agency interfere with the outcome of a financial market is somewhat alarming. This is why we need regulations. Regulations are not always a bad thing, they help keep people in line, they also help prevent Ponzi projects, and they protect investors.
Crypto isn’t going away! You have companies like Blackrock, JP Morgan, and Wells Fargo getting into relationships with crypto! These companies are found in 401ks across the nation and hold some of the most lucrative portfolios. So, get ready for the new normal.
As always, this is not financial advice! Talk to your advisors about any stocks or crypto-currency that you want to invest in. Have a great week.