Ripple XRP News - FIRE Gary Gensler - Majority of US Investors Agree
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Show Summary
- Lack of regulatory clarity for crypto: The lack of clear, concise leadership at the highest levels of government is causing unelected bureaucrats to run amok, blurring the lines between banking and digital asset exchanges.
- Overreach by unelected bureaucrats: The current administration and unelected bureaucrats are overreaching and stepping on individual liberties, leading through enforcement rather than representation.
- Restructuring the SEC: The proposed bill to remove Gary Gensler is critical to restructuring the SEC, empowering the council, and putting a clear divide between parties.
- Overreach of the SEC: The SEC's overreach is causing destruction in the crypto space, with lawsuits stacking up and taxpayer money being spent. It's important to appeal and question their authority.
- Lack of progress in passing cryptocurrency legislation: Congress has failed to pass any bills related to cryptocurrency regulation, leaving the SEC to take enforcement action.
- Ripple lawsuit and regulatory clarity: The motivation behind the SEC's lawsuit against Ripple and its impact on achieving regulatory clarity for the cryptocurrency space is still unclear.
Links to Articles We Discuss
What are the core building blocks for leveraging digital assets? 🧱
Tokenization, custody, and off-ramps to name a few.
Learn from Ripple's @_b_berry on the financial system's tech stack in the latest #CryptoInOneMinute. ⏱️
What are the core building blocks for leveraging digital assets? 🧱
— Ripple (@Ripple) June 30, 2023
Tokenization, custody, and off-ramps to name a few.
Learn from Ripple's @_b_berry on the financial system's tech stack in the latest #CryptoInOneMinute. ⏱️ pic.twitter.com/ffnWoJjjRJ
Coinbase motion to dismiss
Deaton
I believe @coinbase’s Motion to Dismiss, based on the Major Questions Doctrine, has real teeth. I’m not saying that it will be granted for sure, I’m just saying it’s not your garden variety motion to dismiss where denial can easily be predicted. The motion has teeth because of…
I believe @coinbase’s Motion to Dismiss, based on the Major Questions Doctrine, has real teeth. I’m not saying that it will be granted for sure, I’m just saying it’s not your garden variety motion to dismiss where denial can easily be predicted. The motion has teeth because of… https://t.co/qVkwY31Zkm
— John E Deaton (@JohnEDeaton1) June 29, 2023
Hogan
Coinbase filed its 177 page (!) response to the SEC lawsuit.
What jumped out to me is how Coinbase uses information/experience from the Ripple case (See the Hinman email reference below) and also throws in new stuff (the Major Questions Doctrine).
Very Nicey.
Coinbase filed its 177 page (!) response to the SEC lawsuit.
— Jeremy Hogan (@attorneyjeremy1) June 29, 2023
What jumped out to me is how Coinbase uses information/experience from the Ripple case (See the Hinman email reference below) and also throws in new stuff (the Major Questions Doctrine).
Very Nicey. https://t.co/TYOm3SH6eb pic.twitter.com/y9Vz4Sm2D5
The main problem Coinbase faces in its SEC lawsuit is that it has to essentially defend the non-security status of numerous tokens.
Here you see that when confronted with a statement by Polygon, Coinbase can only respond "It says what it says."
Fighting from a weak position.
The main problem Coinbase faces in its SEC lawsuit is that it has to essentially defend the non-security status of numerous tokens.
— Jeremy Hogan (@attorneyjeremy1) June 29, 2023
Here you see that when confronted with a statement by Polygon, Coinbase can only respond "It says what it says."
Fighting from a weak position. https://t.co/TYOm3SH6eb pic.twitter.com/WeEjxR75sg
This is exactly what the Judge in the @Ripple case was alluding to when she said SEC lawyers were not maintaining a faithful allegiance to the law. You’re supposed to have a good faith basis to being a case, meaning you believe you can win by applying the law. You don’t wait…
This is exactly what the Judge in the @Ripple case was alluding to when she said SEC lawyers were not maintaining a faithful allegiance to the law. You’re supposed to have a good faith basis to being a case, meaning you believe you can win by applying the law. You don’t wait… https://t.co/l8IeBkL3Iu
— John E Deaton (@JohnEDeaton1) June 28, 2023
SEC v @BittrexUS litigation update.
Earlier today, @BittrexUS (the U.S. exchange), @BittrexGlobal and William Shihara (Bittrex founder) filed motions to dismiss the SEC's complaint.
This is good news for anyone concerned about the SEC's regulatory overreach.
Here's why...
SEC v @BittrexUS litigation update.
— MetaLawMan (@MetaLawMan) July 1, 2023
Earlier today, @BittrexUS (the U.S. exchange), @BittrexGlobal and William Shihara (Bittrex founder) filed motions to dismiss the SEC's complaint.
This is good news for anyone concerned about the SEC's regulatory overreach.
Here's why...
Download video - Hans Loaded sent us this
President Ruto to the West:
We no longer want IMF and World Bank.
We need a new financial architecture where governance and power is not in the hands of a few. A new organization of equas.
Things are not going forward,they are going backwards. You are not hearing us.
President Ruto to the West:
— Russian Embassy in Kenya/Посольство России в Кении (@russembkenya) June 28, 2023
1. We no longer want IMF and World Bank.
2. We need a new financial architecture where governance and power is not in the hands of a few. A new organization of equals.
3. Things are not going forward,they are going backwards. You are not hearing us.
👏 pic.twitter.com/7YiZ0xzXQq
1/ SEC Chair Gary Gensler has wrongly prejudged that all digital assets are securities.
As a result, federal law requires that he recuse himself from all enforcement decisions related to digital assets.
@MTCoppel and I wrote a paper explaining why
1/ SEC Chair Gary Gensler has wrongly prejudged that all digital assets are securities.
— Jake Chervinsky (@jchervinsky) June 29, 2023
As a result, federal law requires that he recuse himself from all enforcement decisions related to digital assets.@MTCoppel and I wrote a paper explaining why 👇https://t.co/xgJ09o4SPS
It’s time to #FireGaryGensler & restructure the @SECGov
It’s time to #FireGaryGensler & restructure the @SECGov pic.twitter.com/t7MWpGWhHm
— Warren Davidson 🇺🇸 (@WarrenDavidson) June 29, 2023
Vitalik stakes only a fairly small portion of his $ETH because meeting his bar for safety is too complicated.
@IOHK_Charles what % of your $ADA is staked? #Cardano
Vitalik stakes only a fairly small portion of his $ETH because meeting his bar for safety is too complicated.@IOHK_Charles what % of your $ADA is staked? #Cardano pic.twitter.com/hlq6LELDpF
— St₳kΣ with Pride 🌈 (@StakeWithPride) June 29, 2023
Yes, Justin also doesn't stake his ETH because he understands how it works.
Yes, Justin also doesn't stake his ETH because he understands how it works. pic.twitter.com/Nrw2Bp2xCX
— St₳kΣ with Pride 🌈 (@StakeWithPride) June 29, 2023
"🎶Whatcha gonna do when they come for you..."
Kraken ordered to turn over account information to the Internal Revenue Service (IRS) today. Transactions exceeding $20,000 (calendar year) + names, birthdates, taxpayer ID's, addresses, phone numbers, email addresses, & various…
"🎶Whatcha gonna do when they come for you..."
— 🌸Crypto Eri 🪝Carpe Diem (@sentosumosaba) July 1, 2023
Kraken ordered to turn over account information to the Internal Revenue Service (IRS) today. Transactions exceeding $20,000 (calendar year) + names, birthdates, taxpayer ID's, addresses, phone numbers, email addresses, & various… pic.twitter.com/5VL5KBitFp