XRP Goes Up - When Bitcoin Goes Up? Greyscale BIG WIN Over SEC!!
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Show Summary
- Xahau's Hooks: A new XRP Ledger protocol chain with smart contract implementation for rippled small pieces.
- XRP and Bitcoin: XRP goes up when Bitcoin goes up, and Grayscale had a big win over Gary Gensler.
- Multi-chain XRP Ledger Protocol Ecosystem: Open for the entire ecosystem, with endless new possibilities of Hooks the Smart Contracts.
- XRP+:Xahau's secured by its native token, How XRP Plus, powered by better economics design and reward validators.
- Genesis Hooks Governance Games: The House Genesis account is powered by a hook that regulates How XRP and is governed by a two-tiered governance game with up to 20 independently owned validators as participants.
- XRP L Smart Contracts: The protocol is lightweight and efficient for destroying, transferring, buying, selling, and interoperating with hooks. It has extensible metadata and allows developers to choose their preferred storage solutions.
- NFTs as Securities: The SEC's jurisdiction over NFTs is unclear. The commission is concerned about the hype that entices people to spend almost thirty million dollars for NFTs without a clear idea of how they'll use, enjoy or profit from them.
- XRP as a security: XRP is not a security but needs to be campaigned to clarify its status.
- Gray Scale's petition: Gray Scale's petition for review to convert its GTC trust was granted, and the SEC's order was vacated.
- Bitcoin ETPs: The SEC approved two Bitcoin ETPs after demonstrating a 99% correlation between spot and futures market prices.
- Legacy investments: People used to invest in railroads, but now legacy investments like that are no longer relevant in today's market.
- Private railroad industry investment: Potential for new systems.
- AI capabilities: Text and image analysis, summary generation, and music creation.
- Upcoming show with Congressman Byron Donalds: Confirmed for Monday night.
- Ripple lawsuit impact on digital assets: Discussion of legacy investment and regulation.
Links to Articles We Discuss
For ~two years @XRPLLabs has collaborated with other entities with a track record of building on and supporting the XRPL ecosystem.
— WietseWind (🛠+🪝 Xumm @ XRPL Labs) (@WietseWind) August 28, 2023
Today, together we publish the Whitepaper for "Xahau", an XRP Ledger protocol chain.
We're proud to publish the Xahau Whitepaper alongside of… https://t.co/q75V1djsSp
Today we charged Impact Theory LLC, a media and entertainment company headquartered in Los Angeles, with conducting an unregistered offering of crypto asset securities in the form of purported NFTs. Impact Theory raised approximately $30 million from hundreds of investors.
— U.S. Securities and Exchange Commission (@SECGov) August 28, 2023
The SEC filed and settled its first NFT enforcement action today: https://t.co/RwaMGueBZK Here's Commissioner Uyeda's and my dissent: https://t.co/WhLKX3Tl8X
— Hester Peirce (@HesterPeirce) August 28, 2023
Want to know why the argument that XRP is a security resonated with people outside of the XRP community and crypto space as a whole?
— Thanasimos (@Thana_Enosys) August 29, 2023
Because they can see how many of you behave and talk about XRP and Ripple.
"XRP isn't a security, it's a utility token!"
"What do you use it…
🚨BREAKING: A DC Court of Appeals has GRANTED Grayscale’s petition for review to convert its GBTC Trust into a Bitcoin Spot ETF and has ordered the @SECGov’s order be vacated. Documents and detail to come.
— Eleanor Terrett (@EleanorTerrett) August 29, 2023
— John E Deaton (@JohnEDeaton1) August 29, 2023
Crypto's big win. @KMSmithDC joined @SquawkCNBC to discuss Grayscale's decisive victory against the SEC.
— Blockchain Association (@BlockchainAssn) August 30, 2023
Watch the clip below. https://t.co/37YsyjqhHF
Today on @scottmelker’s show I said there was a 20-25% chance Judge Faila dismisses the SEC’s complaint (or partially dismisses leaving the staking issue), ruling that Howey is inapplicable regarding secondary sales of digital assets on an
— John E Deaton (@JohnEDeaton1) August 30, 2023
Exchange in blind bid/ask transactions.… https://t.co/irSz1UvSJ9
The launch of #Xahau Network is driven by builders and developers who are seeking to deliver new possibilities and functionalities to the #XRPL and overall blockchain space.
— Moonchaser ☀️🪝 (@Moonchaser2020) August 30, 2023
Really appreciate their growing presence and voice within the community.
Educating is hard and to… pic.twitter.com/bNTWpPE4iS
Unexpected Airdrop Update:
— Evernode - No Trustline & No Support🪝 (@EvernodeXRPL) August 30, 2023
We designed our airdrop on the belief it would not be supported by any exchanges. But some exchanges are more nimble and XRP-customer centric than others... 1/4 pic.twitter.com/BNI9EYDNgU
We are proud to be part of the Xahau network (@XahauNetwork) as a launch participant.
— GateHub (@GateHub) August 28, 2023
GateHub remains fully committed to building on XRPL and will support both chains with XRPL remaining the default option.https://t.co/EvL7386Fjb
🚨SCOOP: SEC Chairman @GaryGensler has agreed to testify before @BankingGOP/@SenateBanking on Tuesday September 12th and before @FinancialCmte/@FSCDems on Wednesday September 27th.
— Eleanor Terrett (@EleanorTerrett) August 30, 2023
Gary Gensler is on a roll!
— Chip – onthechain.io (@stephenchip) August 29, 2023
Ripple: 1
Grayscale: 1
SEC: 0 pic.twitter.com/VgxrJX9DSP
🎵Gensler tried to dominate, with the SEC's heavy weight
— Chip – onthechain.io (@stephenchip) August 30, 2023
But Ripple and Grayscale, flipped the checkmate state.
We the people stand tall, won't let that hammer fall
Against the S E C wall, our spirit answers the call. pic.twitter.com/ZTTjUxFfee
#XRP IS NOT A SECURITY 💎💪 pic.twitter.com/uJBJO4nEOy
— Anonymous Astronauts NFTs (@AnonymousRealx) August 30, 2023
🎵Gensler tried to dominate, with the SEC's heavy weight
— Chip – onthechain.io (@stephenchip) August 30, 2023
But Ripple and Grayscale, flipped the checkmate state.
We the people stand tall, won't let that hammer fall
Against the S E C wall, our spirit answers the call. pic.twitter.com/ZTTjUxFfee