XRP Eyes All-Time High - A Knockout Punch to Corrupt Bureaucrats
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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.
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.
Links to Articles We Discuss
H.R.4763 Financial Innovation and Technology for the 21st century Act
Hey #xrparmy! The guys, @Jeff_OnTheChain and @stephenchip went back to the future! Check out their latest episode of "On the Chain", discussing what happened in today with congress and more!#xrp #xrparmy #Ripple Oh and follow these guys if you haven't already! https://t.co/O36r8yFiaa pic.twitter.com/IoxlxeFUw2
— Oskar Arnarson (@oskararnarson) July 27, 2023
Unnamed? There are too many securities lawyers to name who think Torres’ decision is nutty but here’s one https://t.co/txR6SV3xdV https://t.co/bg9s6jiLDK
— Charles Gasparino (@CGasparino) July 26, 2023
#WebX Asia 2023: @JoelKatz talks about digitizing assets on the #Blockchain #XRPL #ripple #cryptocurrency pic.twitter.com/IPPki1BN8l
— ᙢinus ᙡells (@MinusWells) July 25, 2023
#WebX Asia 2023: @JoelKatz talks about #XLS30d Automatic Market Makers on the #XRPL#ripple #cryptocurrency pic.twitter.com/DQeUz9xwAh
— ᙢinus ᙡells (@MinusWells) July 25, 2023
🇵🇼 Palau National Treasury Director and our Industry partner @Ripple Senior Engineer & Lead Project Manager celebrate minting the very first Palau Stablecoin (PSC) at the National Capitol in Ngerulmud
— Jay Hunter Anson (@JHX_1138) July 24, 2023
The very limited & controlled PSC pilot tests specific use cases inside Palau… pic.twitter.com/LYcA1cjJJi
You did indeed my friend! 🙌 I said so to Minus 🤣
— Moonchaser ☀️🪝 (@Moonchaser2020) July 24, 2023
At our initial encounter, David S took one look at Minus’s XRP belt buckle and said that he can’t be out done and now needs to get a larger one… 🤣 pic.twitter.com/Hda2orvHz3
Thank you @JoelKatz for everything. #XRP #XRPL #HOOKS 🪝 #DeFi #AMM pic.twitter.com/vrg9N6RZLg
— 🌸Crypto Eri 🪝Carpe Diem (@sentosumosaba) July 24, 2023
SEC v. @Ripple update.
— MetaLawMan (@MetaLawMan) July 25, 2023
There's a lot of debate about what the SEC will do next in the Ripple case.
I believe there are at least 4 options under consideration...
Dear @BradSherman , I apologize for the rude question. But are you stupid? You say there is not a single securities regulation that says something can be a security at one time and not at another. Have you ever heard of Howey's orange groves? I hope you have been already signed… pic.twitter.com/LHqsPx6dDr
— Mr. Huber🔥🦅🔥 (@Leerzeit) July 26, 2023
1) This week in Congress and crypto: This is the week. Nearly 5 years after a various group of bipartisan lawmakers got together to work on a regulatory framework for crypto, we are now at the cusp of Congress moving various crypto regulatory bills. Here's what's on deck:
— Ron Hammond (@RonwHammond) July 25, 2023
Visit the #Flare booth at #WebXAsia - Tokyo!#WebX2023 #WebX #EVM #Interoperability #BlockchainForData #FAssets#LayerCake #ConnectEverything ☀️@dommoore @nickcampion @timrowley_au pic.twitter.com/2ivMa0O6CJ
— Moonchaser ☀️🪝 (@Moonchaser2020) July 25, 2023
DO NOT TRUST THESE GIRLS https://t.co/QqU1AS5uX5 pic.twitter.com/dk763l5WIz
— Mr. Huber🔥🦅🔥 (@Leerzeit) July 26, 2023