XRP for Financial Freedom, Tokenized Assets and Securities
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Show Summary
- Ripple lawsuit outcome: The ruling has opened up clarity for the cryptocurrency space, and XRP is now deemed a non-security. John Deaton's involvement and the XRP community's intervention were vital.
- Gary Gensler's negative mindset: Gensler only sees negativity and wants to undermine the productivity of the country and retail investors. He doesn't care about protecting them and has one agenda, which is climate control.
- Super Mojo Agenda: Super Mojo is growing in the space, combining old and new ways to facilitate future mainstream adoption.
- H.R. 4841: The Keep Your Coins Act of 2023, a very important bill to protect self-custody and individual freedom.
- Financial Services Committee Bills: Multiple bills have been pushed out of the Financial Services Committee after years of zero activity, including a long-awaited stablecoin regulatory framework and the Financial Innovation and Technology Act of the 21st century.
- Bipartisan Approach: It's important to have a bipartisan approach to bills in order for them to gain more traction in the Senate.
- Defense Funding Bill: The bill authorizes the Treasury Department to establish examination standards to help prevent cryptocurrencies from being used to finance illicit activities and conduct a study on how to counter anonymous crypto transactions.
- Digital Asset Anti Money Laundering Act: Elizabeth Warren sponsored a bill to combat illicit activities using cryptocurrencies, while major companies trace money for the same purpose.
- Pivotal year for US cryptocurrency space: 2024 is expected to be a crucial election year for the US cryptocurrency space, with regulatory clarity and definitions needed.
- Self-custody bill: Warren Davidson introduced a bill to protect self-custody of digital assets.
- Positive developments in Congress: Bills such as the Framework and Clarity for Payment Stablecoin Act and the FIT Act are helping build the community and generate more revenue.
- Concerns over potential veto: There are concerns that President Biden may veto critical legislation related to cryptocurrencies.
- Need for regulatory clarity: The US needs regulatory clarity and definitions to prevent politicians from controlling cryptocurrencies and monitoring how people spend their money.
Links to Articles We Discuss
A house, a film and a forest all have one thing in common.
— Ripple (@Ripple) July 28, 2023
They are real world assets that can be represented as tokens or fractionalized tokens on a blockchain.
Ripple’s Jas Takhar describes the potential of a tokenized future in under 60 seconds. ⏱️#CryptoInOneMinute pic.twitter.com/BzhXW7qyLi
🙏BPM team joins Brad Garlinghouse to discuss the successful launch of their MVP on the $XRP ledger!@sentosumosaba @IOV_OWL @GenfinityIO @bgarlinghouse @BPMWallet @CrypticCarola @BPMRevellers #XRPL pic.twitter.com/qkuNRqqS8z
— James Rule XRP 👊😎 (@RuleXRP) July 28, 2023
Behind the scenes. 😂 @xrpl365 @RuleXRP @KERRDEFI @BPMWallet @CrypticCarola pic.twitter.com/N2nYB4cb4a
— 🌸Crypto Eri 🪝Carpe Diem (@sentosumosaba) July 28, 2023
What an amazing experience watching a real world use case go live on the $XRP Ledger 🤩$XRP @BPMWallet @BPMRevellers @IOV_OWL @RuleXRP pic.twitter.com/Qx5KlKfIAm
— Generation Infinity (@GenfinityIO) July 28, 2023
.@bgarlinghouse trying his luck at cornhole. @BPMWallet @BPMRevellers pic.twitter.com/q5ezQ3bAm4
— James Rule XRP 👊😎 (@RuleXRP) July 28, 2023
Ripple's James Wallis discusses the retail use case of the Palau #Stablecoin. "In this pilot a number of government employees receive the PSC, the stablecoin, they're able to go & buy things in a select number of, retailers. The retailers can then redeem that back into fiat." pic.twitter.com/QLSIYVXNBY
— Mary C. Hall (@SystemsandTech) July 28, 2023
The column we've been waiting for from @RoslynLayton on the @Ripple decision.
— CryptoLaw (@CryptoLawUS) July 27, 2023
"After 3 years, the cryptocurrency case of the century ended victoriously for the people the U.S. government is supposed to protect: consumers and small investors."https://t.co/W9naU2zgzp
Anthony Pompliano shares his thoughts on the #xrp #ripple ruling.. pic.twitter.com/CQLzQQRiTz
— Jay’V🪬 (@JayVTheGreat) July 28, 2023
Important developments for #Ripple partner SendFriend, an original ODL (#XRP) user. They've rebranded as Diameter Pay! Lot going on here as they expand. The TL;DR is in the last tweet.
— WrathofKahneman 🪝 (@WKahneman) July 28, 2023
(Keeping the thread locked a bit to ward off the bots, but please do share your thoughts)
🧵/7 pic.twitter.com/LV0XFzzTq9
Has Gensler read the Howey decision?
— CryptoLaw (@CryptoLawUS) July 27, 2023
1) He has no jurisdiction over assets or asset classes, only sales.
2) Howey says explicitly that it DOESN'T MATTER if an offer is speculative or not in determining if it's a security.
3) Howey gives him NO authority to regulate blind bid… https://t.co/6Xj95DZ1ix
“Commodity backed Stablecoins” “its stable because the value of it represents one ounce of gold” -Warren Davidson speaking on a possible amendment to HR 4766 “Stablecoin Act Of 2023” #XRPCommunity pic.twitter.com/mllfsslKTZ
— MetaMan X ™️ (@MetaMan_X) July 27, 2023
Last night, the @FinancialCmte passed my bill to protect self-custody. Those attacking self-custody oppose individual freedom. They want someone they control to control your assets.
— Warren Davidson 🇺🇸 (@WarrenDavidson) July 28, 2023
Defend Freedom.#KeepYourCoins https://t.co/MMUtosy6Qm
Bitcoin Analyst Projects XRP Price to Skyrocket 2,397% to $26 https://t.co/dZG9zE4qtx
— 🇳🇱 MackAttackXRP® 🇳🇱 62K-XRP-Followers (@MackAttackXRP) July 28, 2023
🪖 Are you a fan of XRP? We bring you the Uphold XRP Army!
— Uphold (@UpholdInc) July 28, 2023
◾ For Uphold’s #XRP holders
◾ Collab with @XRPLPUNKS
◾ Live on August 1st
How to qualify 🎖️
• Download our app
• Hold a minimum of 1 XRP in your account by July 31st, 23:59 UTC pic.twitter.com/kVEoXnbany