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Show Summary

  • FIT for Twenty First Century Act passed Financial Services Committee: The bill is critical and the first-ever crypto bill to come out of the committee. It's expected to pass through Congress and be sent to the Senate.
  • XRP legal definition of non-security: Judge Torres' clarity ruling puts XRP in a position of want, being the only digital asset with full clarity on not being a security. This was an impetus for the Fit bill.
  • Palau's stablecoin: Plow is developing a stablecoin pegged to the US dollar, which could be interesting to see how things develop.
  • Singapore's digital asset legislation: Singapore passed important legislation regarding digital assets, which could have significant implications.
  • XRP as a security: There is ongoing debate about whether XRP should be considered a security or not, with some still arguing that it is.
  • SEC regulations: The SEC's regulations have caused concern and uncertainty in the cryptocurrency space.
  • John Deaton's comments: John Deaton has criticized the SEC's approach to regulating cryptocurrencies and has called out anonymous sources used by journalists.
  • On The Chain website: The On The Chain website provides access to show summaries, links to products and interviews, and allows users to subscribe for updates.
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Return of the XRP - SEC WARS

Epic Fail Hall of Fame inducted Gary and the SEC on July 13, 2023. Their XRP-as-security claim collapsed while XRP coolly moonwalked into the sunset, sporting its sparkling legal clarity like a new pair of Ray-Bans.

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H.R.4763 Financial Innovation and Technology for the 21st century Act

SEC appeal could amplify Ripple win, says Ripple Labs legal chief
Ripple’s chief legal officer Stuart Alderoty has predicted that an appeal of the landmark XRP ruling by the SEC could the courts side with Ripple to an even greater extent.
CointelegraphTom Mitchelhill