XRP - Did SEC v Ripple Lawsuit SAVE CRYPTO - But $770 MILLION
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The SEC v Ripple lawsuit, initiated under Jay Clayton's leadership of the SEC, unexpectedly served as a catalyst for clearer cryptocurrency regulations in the U.S. This legal action united the cryptocurrency community, rallying them around the cause with the aid of figures like Deaton. It also restrained potential unchecked actions by Gary Gensler, the incoming SEC Chair, who might have otherwise targeted smaller, vulnerable crypto firms without such a prominent case setting precedents.
This lawsuit coincided with the early stages of FTX, raising questions about the political maneuvers that may have propelled it to global prominence. While figures like Bill Hinman, Clayton, and Gensler were perceived as anti-crypto, the lawsuit ironically brought clarity and global awareness to the issue, especially with XRP being declared a non-security. The situation also highlighted the inconsistent responses of political figures like Maxine Waters towards crypto initiatives like the Token Taxonomy Act. Reflecting on the lawsuit and Clayton's departure from the SEC, one wonders about his intentions and the long-term impacts of this pivotal moment in crypto regulation history.
“The SEC, in my opinion, has lost sight of their mission to protect investors,” Ripple CEO @bgarlinghouse tells CNBC’s @dan_murphy in Dubai following its XRP token ruling. pic.twitter.com/tAW8nUciLz
— CNBC Middle East (@CNBCMiddleEast) November 10, 2023
This will be interesting as nothing less is at stake than the sovereign rights of foreign countries.
— Jeremy Hogan (@attorneyjeremy1) November 9, 2023
The U.S. Supreme Court says that Ripple's sales must've been "in the U.S." or at least on a U.S. exchange. How is the SEC's expert going to get around that? https://t.co/k3WJYui2YK pic.twitter.com/71yLHqDHVJ
As I said on @CryptoLawUS, Ripple will not come close to paying $770M. Want to know how arrogant and broken the SEC is? The SEC seeks disgorgement related to #XRP sales in the U.K., Japan, Switzerland, etc.
— John E Deaton (@JohnEDeaton1) November 10, 2023
Not only does the Supreme Court’s Morrison decision exclude those… https://t.co/SjqCmVlaPE
Anyone in the #XRPArmy recognize this logo? 👀🔥 pic.twitter.com/CtiKRfPbYv
— tboone8 🪝 | 🏴☠️ (@tboone_8) November 10, 2023
Our plan to reorganize the bankrupt Celsius, which began last April, was approved in court today and will soon be closed.
— Michael Arrington 🇮🇱🏴☠️ 🛡️ (@arrington) November 9, 2023
Along the way I learned much about bankruptcy (I knew zero before). It is a dirty, awful process where only the bankers and lawyers come out ahead, all at… https://t.co/Xd2lD9gmHL
Imagine that the U.S. led the digital asset revolution.
— Jeremy Hogan (@attorneyjeremy1) November 11, 2023
Imagine we GLORIFIED builders of new technology instead of villifying and persecuting them.
Imagine we SUPPORTED and put the strength of our government behind the new financial system.
Imagine THAT.
We've done it Before. pic.twitter.com/LaX4VyWzMN
This will be interesting as nothing less is at stake than the sovereign rights of foreign countries.
— Jeremy Hogan (@attorneyjeremy1) November 9, 2023
The U.S. Supreme Court says that Ripple's sales must've been "in the U.S." or at least on a U.S. exchange. How is the SEC's expert going to get around that? https://t.co/k3WJYui2YK pic.twitter.com/71yLHqDHVJ
BTW, if you are rooting for Ripple...
— Jeremy Hogan (@attorneyjeremy1) November 9, 2023
Throw a big KISS at @cz_binance and Binance for their win last year in the Anderson v. Binance case which really restricted the reach of U.S. securities laws outside of the U.S..
The case helps Ripple out a lot.
Legal nerd stuff below. https://t.co/vHwKAxIVmz pic.twitter.com/Blzyfj6kew
My very first speaker badge as @Onafriq. Thanks Brad and @Ripple for your commitment to our partnership. Looking forward to building more payment pathways to and from Africans and African businesses. pic.twitter.com/QnuEBRu9Iu
— Dare Okoudjou (@dokoudjou) November 10, 2023
This will never not be funny to me. pic.twitter.com/cvk1cqz7NP
— Tyler (@ApeDurden) November 10, 2023
JUST IN: 🇺🇸 FED Chair Jerome Powell says "just close the f*cking door" after climate protestors interrupt his speech. pic.twitter.com/feDlOteRaz
— Watcher.Guru (@WatcherGuru) November 9, 2023
When life gives you lemons, call them securities. pic.twitter.com/BGTqIFMDpF
— DS 🪝🧬🟧 (@xspectDS) November 10, 2023
Ethereum Co-Founder Joseph Lubin calls him "The shining knight of decentralization." pic.twitter.com/BRL0Z1idWD
— Mr. Huber🔥🦅🔥 (@Leerzeit) November 8, 2023
📣 ICYMI we announced our partnership w @XRPToolkit this week. Check out the story in @thecryptobasic https://t.co/gL0hxM4e0x
— Uphold (@UpholdInc) November 10, 2023
Want to learn more about how Topper, our fiat-to-crypto onramp, can benefit your Web3 project? Visit https://t.co/odwXHVhy05#XRP
How is that integrity going @cryptoassetsguy?
— onledger.net (@offledger) November 11, 2023
Up until a few hours ago you have personally sold 14,139,792,226 XMEME via the DEX in 1265 sales for a total 141397 XRP.
You have paid at least 11 influencers 25112 XRP to shill your project.
That pecking order though lol 🍿😘🍿😘 https://t.co/ZPstmtzgGE pic.twitter.com/Hc4ZmARSZG