In this episode, we cover the non-profit XRPL Commons, Ripple CEO's concerns over SEC, Biden administration's politicization of crypto, US banks' financial health, Citi exec's thoughts on digital currency, the latest Hooks testnet, and US petrodollar status. Stay tuned for an insightful discussion!

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Two big developments for XRP

We're bullish about this massive move.

XRP unveils a key technical feature amidst a bullish wave
XRP was in the middle of a bullish wave, growing 24% over the past week and 40% over the last month. XRP Ledger’s network growth reached a three-month high on 29 March. The XRP Ledger (XRPL) is a layer-1 blockchain developed by Ripple [XRP] which functions as a global payments network, serving major…
AMBCryptoSuzuki Shillsalot


Looking to learn more as a user (developer, business, etc) about the #XRPLedger, and how you can utilize it? The non-profit XRPL Commons @xrpl_commons has launched and is here to help!



Garliinghouse not happy with Gensler

Ripple CEO Brad Garlinghouse has urged lawmakers in the US to address recent statements made by the chairman of the SEC, Gary Gensler. He implied that the current securities laws are sufficient for regulating the cryptocurrency market.

Ripple CEO raises concerns over Gensler’s recent comments
Ripple CEO Brad Garlinghouse has raised concerns over a recent statement made by SEC chair Gary Gensler. Gensler earlier said that the SEC could determine whether digital assets qualify as securities.
crypto.newsBrenda Mary


Biden WH is making Crypto political

Biden Administration Is Politicizing Crypto
With Coinbase receiving a Wells Notice from the SEC, and the CFTC suing Binance, it feels like the crypto industry is at war with the U.S. government. This could get bad.
CoinDeskMichael J. Casey



US Banks Insolvent?

https://www.marketwatch.com/story/most-u-s-banks-are-technically-near-insolvency-and-hundreds-are-already-fully-insolvent-roubini-says-18b89f92


Imagined #XRP outcomes:

Best outcome: outright win for @Ripple w/the Judge smacking the SEC for gross overreach and behavior in the case (Judge Netburn has commented SEC lawyers are hypocrites, lack faithful allegiance to the law, and only care about winning the next argument);


Digital currency: Payment messaging is ‘done’ says Citi exec

Digital currency: Payment messaging is ‘done’ says Citi exec - Ledger Insights - blockchain for enterprise
The Regulated Liability Network (RLN) will be a shared infrastructure for CBDC, deposit tokens, stablecoins. And will make messaging obsolete
Ledger Insights - blockchain for enterpriseLedger Insights


“The blockchain community would have you believe that when a transaction takes place on a blockchain, the settlement has been achieved. It has not been achieved,” said McLaughlin. “Because settlement is a legal construct, it’s not a technological construct.” To address DvP (delivery versus payment) and enable the settlement of tokenized securities, you need a construct that can achieve settlement and supports multiple currencies and assets. “That’s an infrastructure that does not currently exist today,” he added.



Imagined #XRP outcomes:

Best outcome: outright win for @Ripple w/the Judge smacking the SEC for gross overreach and behavior in the case (Judge Netburn has commented SEC lawyers are hypocrites, lack faithful allegiance to the law, and only care about winning the next argument);



Thanks for the explanation!

I’m usually a big @Apple fan, but not when they pull stuff like this.

We will get the Tangem card.

Because we are HUGE fans of the @XummWallet!

We will mention this on the podcast tomorrow also.


Can you say free steak

No Settlement in Lawsuit as Ripple CEO and General Counsel Blast SEC in Recent Tweets
An XRP enthusiast said Ripple CEO and General Counsel’s criticism against SEC means there won’t be any settlement in the ongoing lawsuit.
The Crypto Basic - Bitcoin, Cryptocurrency, DeFi Topics And NewsLele Jima



Thanks for the explanation!

I’m usually a big @Apple fan, but not when they pull stuff like this.
We will get the Tangem card.
Because we are HUGE fans of the @XummWallet!
We will mention this on the podcast tomorrow also.



1/6 Announcement: Getting Ready For Launch

Evernode host announcements · Issue #70 · EvernodeXRPL/evernode-host
This will be used to communicate important updates about Evernode. Click the Subscribe button on the right pane of this issue to receive notifications when we post updates. Thank you.
GitHubEvernodeXRPL



We’re moving to the latest Hooks testnet to get ready for launch. Hosts should check out this GitHub announcement for more details and begin preparing for the switch.



US loses Petrodollar status
How to lose hegemonic power in 2 years

New worries America on verge of losing petrodollar privilege
As gold prices continue to hold firm near the $2,000 level, bulls are eying big developments ahead for the monetary metal along with the global moneta
FXStreetMike Gleason


Here’s the video where she said she “supports CBDCs”😳



US Senator Elizabeth Warren who recently launched an anti #Bitcoin & crypto re-election campaign, is now pushing for a CBDC.

🤡🤡🤡


Mr. Deaton is exactly right. “Investment contracts” must include both “investment” and “contracts” as those terms are set out by Congress and interpreted by the Supreme Court. Neither is present when it comes to secondary sales of digital assets.

https://assets.ctfassets.net/c5bd0wqjc7v0/6uKmrWxXr6Qcg2SviIYLeC/91db92783c2eb72f4041b41482f7f5f9/2023-03-13_DKT_78-2_Coinbase_Amicus_Brief.pdf



1998 Paul Krugman: By 2005, the Internet's effect on the economy is no greater than the fax machine's. 📠

2023 Paul Krugman: AI probably shouldn’t have a large effect on economic projections for the next decade. 🤖