Deaton's SEC Resolution Forecast, EVM Sidechains, FTX Concerns
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Show Summary
- Peersyst Technology: A Barcelona-based software company that builds blockchain tech for people, businesses, and organizations. They claim to be coding the future of blockchain.
- XRP and USD on the new network: Pierce Technology has developed a new RippleX Dev EVM side chain that allows users to transfer assets across the XRP L chains. Users can request USD on the XRP network and transfer it as an ERC20 token on the EVM side chain.
- XRP EVM Side Chain: Integrating XRP with the EVM side chain will expand its potential and create more functionality around it, allowing for cross-chain transactions and bridging back and forth between different platforms.
- Interoperability: Interoperability between different platforms and technologies is the future of the industry, and side chains like the XRP EVM side chain will help achieve this by delivering functionality without messing with the original core functionality.
- Ripple lawsuit ruling: Attorney John Deaton speculates that the summary judgment may come on September 6th, based on Judge Torres' previous cases.
- FTX funding: FTX reportedly received $400 million in funding after allegations of a sham agreement to explain close ties with Alameda.
- FTX's co-mingling of funds: Executives didn't distinguish between customer and company money, misusing $8.7B in user funds.
- Maxine Waters' request for input on Republican crypto bill: Waters wants regulators to weigh in on the potential impact and reach of the latest draft, which she believes threatens financial market stability.
- House Democrats' concern about the Republican agenda and approach.
- Republican draft seeking more authority for CFTC to oversee crypto commodity spot markets.
- Ripple's summary judgment motion is taking longer than expected.
- Badass Yetis Coffee and its utility for owners.
- House Democrats express concern about the Republican agenda and approach.
- Blue team is concerned about the Republicans' approach to crypto regulation.
- The Republican draft seeks more authority for CFTC to oversee crypto commodity spot markets outside its current oversight, which includes bitcoin and ether derivatives.
- Ripple's summary judgment motion is taking longer than expected, with filings ten times that of the Library case.
- Badass Yetis Coffee offers discounts for owners, with a subscription option available, roasted-to-order beans, and rich flavor.
Links to Articles We Discuss
1/6🚨The new @RippleXDev #EVMSidechain is up and running!🧬
— Peersyst Technology (@Peersyst) June 27, 2023
Haven't you tried it yet? Follow these simple steps to get #XRP and #USD on the new network in <3 minute and be the first to master it✅👇🏻 pic.twitter.com/ZcVfIk1uEq
I believe the XRPL EVM Sidechain will change the game for the whole industry & it will send the XRPL ecosystem where it belongs. A huge wave of adoption, new users, apps, innovations, activity is coming!
— Panos 🔺 {X} 🪝 (@panosmek) June 27, 2023
The direct competition against Ethereum and the rest EVM chains is here. https://t.co/BNAedYMeTp
BREAKING: 🚨 #Bitcoin and crypto custodian Prime Trust lost access to wallets in 2021 and owes customers $82 million
— Bitcoin Magazine (@BitcoinMagazine) June 27, 2023
Not your keys not your coins! pic.twitter.com/O3mnxy9SuT
The filings in Ripple are 10X the filings in LBRY. Remember also, LBRY’s counsel stipulated that prongs 1 and 2 were satisfied and the only contested prong in the case was prong 3, which has a two-part test (that’s why some people say Howey is a 4 factor test). In Ripple, factor…
— John E Deaton (@JohnEDeaton1) June 26, 2023
Ripple Strikes Back – SEC WARS – T-shirt
The SEC dropped a lawsuit at the end of 2020 alleging that Ripple sold XRP as an unregistered security. Ripple Strikes Back. Game on Bitchez.