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Show Summary
- Sam Bankman-Fried Sent to Jail: Cryptocurrency mogul Sam Bankman-Fried was sent to jail for tampering with witnesses and violating his bail package.
- FTX's Offshore Entity: FTX's offshore entity raises questions about the source of their funds and their meetings with Gary Gensler and members of Congress.
- Celebrity Endorsements: Celebrities like Larry David, Tom Brady, and Steph Curry were hired to promote Sam Bankman-Fried's businesses, but they were not to blame for his actions.
- Airdrop for XRP Holders: An airdrop is coming for XRP holders.
- Uphold's Resilience: Uphold did not waiver in their support of XRP as a non-security, even during the SEC lawsuit against Ripple.
- Ripple's Battle: Ripple did not bend the knee during their legal battle with the SEC and fought back with top attorneys and a strong defense.
- Songbird Controversy: Flair token for XRP holders created controversy when Songbird was issued. Stress testing was done, but many didn't receive their Songbird.
- Hook Side Chain: Smart contract platform built on XRPL, coming soon. Three considerations for eligibility for the airdrop: self-custody, clone account on the hook sidechain, and not holding XRP on exchange.
- Airdrop Eligibility: The snapshot date is September 1 at 6 PM EST. Eligible for airdrop if holding XRP on an off-exchange account at snapshot date and meeting other conditions.
- Participation Opinions: Community opinions sought on airdrop participation and implications, including tax implications.
- Airdrop Distribution: 5,160,960 EVER tokens are to be distributed based on the number of participants who claim them.
- Snapshot Participation: Self-custody wallets will be part of the snapshot, but not necessarily participating in the airdrop.
- Bittrex settles charges with SEC: Bittrex and its co-founder agreed to settle charges of operating an unregistered national securities exchange broker and clearing agency with the SEC.
- SEC's role in protecting investors: The SEC is one of the largest creditors in the Block Five bankruptcy, protecting all investors, mainly retail investors, from scams.
- XRP non-security status: John Deaton heavily talked about XRP being a non-security asset, while legal minds debated whether it is a commodity or security.
- Interoperability of CBDCs: The interoperability part of the CBDC itself is more than likely to be built on a private ledger, while XRP doesn't have anything to do with it.
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Links to Articles We Discuss
3 Key Considerations:
— Evernode - No Trustline & No Support🪝 (@EvernodeXRPL) August 11, 2023
1: You will need to hold your XRP directly on-chain, not through an exchange because you will have to clone your account on the Hooks sidechain to claim any airdrop. 4/6
To be eligible for the $EVERS airdrop, self-custody your $XRP (ie. Xumm/Xaman wallet etc) by the #XRPLedger snapshot date:
— Moonchaser ☀️🪝 (@Moonchaser2020) August 11, 2023
Friday 1 September at 6.00pm AEST
▶️ Read carefully the AD conditions via the thread attached. https://t.co/8Jzb3tLyVR
XRP-Holder Airdrop Simplified.
— Evernode - No Trustline & No Support🪝 (@EvernodeXRPL) August 12, 2023
1. On 1 September hold your xrp in off-exchange account you control through XUMM wallet or similar non-custodial wallet option.
2. Do nothing. Further instructions will follow when sidechain launched.
Read more about the XRP Holders Airdrop
Hey @SECEnfDirector, you pat yourself on the back for this settlement. How many investors did you protect from this settlement? Is this one similar to the protection you provided from the @BlockFi settlement? You know the case where the @SECGov became one of the largest creditors… https://t.co/ZPZqcxDnmD
— John E Deaton (@JohnEDeaton1) August 10, 2023
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.
Senator Cynthia Lummis (R. WY) just filed an Amicus Brief supporting @Coinbase's motion to dismiss the SEC's complaint.@SenLummis is Co-Sponsor of the Lummis-Gillibrand crypto regulation bill.
— MetaLawMan (@MetaLawMan) August 11, 2023
Sen. Lummis' brief argues that:
1. Congress has not granted the SEC authority to…
Assisting countries in creating Central Bank Digital Currencies (CBDCs) isn't considered evil, even though it may allow governments to limit personal freedoms?
— Chip – onthechain.io (@stephenchip) August 12, 2023
What am I missing? https://t.co/hAEXRE4Djd
In every dystopian future, money is corrupted from a stable store of value and and efficient means of exchange into a tool for coercion and control. CBDC is a tool for tyrants, the epitome of a permissioned network, and opposite defi. China links CBDC with social credit.
— Warren Davidson 🇺🇸 (@WarrenDavidson) August 11, 2023
Do you realize that a permissioned CBDC can still be open source?
— Moon Lambo (@MoonLamboio) August 12, 2023
That means that everyone on Earth can see what the rules are, without question, even if the U.S. government has control over it.
You could then argue that the U.S. government could change code and reduce…
Some people are absolutists and I guess that's OK (though it sucks when it's person making decisions in behalf of the public). What I cannot wrap my head around is the double standard https://t.co/a4MulnEeCI pic.twitter.com/JSpy1r1HYk
— Pompous Maxi (@HODLmaxi) August 12, 2023
CBDCs constitute a complete infringement on individual liberty. https://t.co/jhy7URUNWg
— Chip – onthechain.io (@stephenchip) August 12, 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.
