Ripple / XRP - the Answer to SEC & IRS's Tight Grip on Crypto?

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JUST IN: 🇺🇸 US Congressman Tom Emmer says SEC Chair Gary Gensler is as ineffective as he is incompetent.

pic.twitter.com/6EDvRdOfCh
— Watcher.Guru (@WatcherGuru) November 8, 2023

Introducing Ripple Payments—the next evolution of Ripple’s payments product delivering a licensed end-to-end solution for FIs and SMEs with 70+ payout markets, expanded crypto liquidity options, integration with the XRP Ledger DEX, and much more.https://t.co/khOxtCnXin
— Ripple (@Ripple) November 8, 2023

So what is Ripple Payments, and what makes it new? An initial look at the pieces we have so far. More assuredly revealed by the end of Swell. Will #XRP still be used? By all means add to the list, but please cite sources.
What we know, a 🧵/12https://t.co/sqHYMgrKx3
— WrathofKahneman (@WKahneman) November 8, 2023

For me, the biggest takeaway from this announcement is the XRPL DEX integration. Especially once the AMM is enabled, this will directly contribute to the DEX volume and revenue for liquidity providers. Ripple could even become a LP themselves for bigger efficiency. https://t.co/lBuRnL1Ew5
— Panos 🔼{X} (@panosmek) November 8, 2023

Exciting news that Ripple will be leveraging the XRPL DEX for cross-border payments. This project has been a main focus of mine this year and I’m hoping to share more technical details in the future about why the XRPL DEX is an awesome fit for ODL. https://t.co/h0k2sm6wlu
— Neil Hartner (@illneil) November 8, 2023

We’re proud to announce that our partner @Onafriq will utilize Ripple Payments, our crypto-enabled payments technology, to open up three new payments corridors between Africa and the rest of the world. 🌍

Learn more: https://t.co/FU0pjHuqIA
— Ripple (@Ripple) November 8, 2023

Crypto utility starts with payments, and for the last decade, Ripple’s focused on key components of infrastructure (liquidity, off ramps, tokenization, custody, & compliance) required for enterprise-grade payments. Today, we’re unveiling an end-to-end solution for just that. 1/3 https://t.co/nh0Bu6ESPq
— Monica Long (@MonicaLongSF) November 8, 2023

The latest report indicating Gary Gensler's @SECGov coordinated with an AI platform to develop its disastrous climate disclosure rule that would financially benefit that firm is a a gross conflict of interest.https://t.co/g6g1jvLwzU
— Financial Services GOP (@FinancialCmte) November 7, 2023

🚨NEW: @SenTedBuddNC introduced the Senate version of @WarrenDavidson’s Keep Your Coins Act.

The bill ensures the option to self custody is not infringed.

Specifically, it prohibits Federal agencies from restricting the use of convertible virtual currency by a person to…
— Taylor Barr (@taylorjbarr) November 7, 2023

Central Bank Digital Currencies should never be designed, developed, or established.

It’s like building the Death Star and saying you won’t turn it on.

Today I offered an amendment to stop the creation of #CBDCs. pic.twitter.com/cltTqMZdf0
— Warren Davidson 🇺🇸 (@WarrenDavidson) November 8, 2023

#ripple #XRP Fam Fintech DC 23 @BrianBrooksUS on Crypto adoption “Crypto is the CD player, yes your cassette tapes are super awesome but just get over it.” 😂 pic.twitter.com/TkH5jHlBxh
— 801_XRP (@801_XRP) November 7, 2023

🚀 Discover how we define the sweet spot between payments and digital cash.

Imagine a world where payments are effortless, enabling new payment types & business models 💱.

🌎 Embrace ownership & endless possibilities.

Ready for a glimpse of tomorrow? https://t.co/EsigD7CjCL
— Xumm Wallet 🪝 (@XummWallet) November 6, 2023

Bored Ape NFT event attendees report ‘severe eye burn’

Some reports claim the injuries were caused by event lighting.

The Verge

Remarkably, Gensler suggested that a crypto project retaining a lawyer is a security. That’s wrong as a matter of law, not to mention common sense. And it’s a not so subtle and outrageous threat to everyone’s right to consult with counsel. https://t.co/QF1D3T7fmE
— Stuart Alderoty (@s_alderoty) November 6, 2023

I was in a small argument with my wife last night, which means, I am thinking about "damages" this morning. For me, that is an examination of different restaurants to take her.

For Ripple and the SEC, things are a little more complex.

A small thread if you are interested.

1/ https://t.co/nETbTERVvP
— Jeremy Hogan (@attorneyjeremy1) November 5, 2023

Expect new IRS crypto surveillance to come with a surge in confiscation

The Justice Department is claiming that it’s “critical” for it to have the power to seize cryptocurrency from Americans — even if a judge never signs off.