Listen to the show

Watch the show

Show Summary

MetaLawMan, securities lawyer James Murphy, joins Jeff and Chip to answer the question XRP holders keep asking: if XRP won, why hasn't the market treated it like clarity? His answer is that the US still has no crypto law passed by Congress. XRP is well positioned after Judge Torres's ruling and the SEC's interpretive guidance naming it one of 16 tokens that are commodities, not securities, but guidance can change with the next administration.

  • Why a statute beats SEC guidance, and why Ripple's fair-notice argument gets stronger now that XRP is named in black and white.
  • The coming courtroom irony: to defend its new crypto rules, the SEC will make Gensler's own argument that it needs no new authority from Congress.
  • What's next after Clarity stalled: legal challenges to the SEC's new crypto rule, likely early next year, and why elections are the real path. Fairshake spent $30M electing three senators who voted no.
  • The first fix he'd make: exchange protections that keep customer funds out of a bankruptcy estate, the post-FTX safeguard Democrats voted down.
  • How the banks shaped the bill, and why Jamie Dimon's deposit-flight argument against stablecoin yield doesn't hold up.
  • Also in the back half: Deaton vs. Markey debate clips, including Markey's Siri-or-Claude answer on AI, and why MetaLawMan started a super PAC for John Deaton.

β˜• BADASSERY COFFEE

Wednesday night show, Thursday morning coffee. Roasted to order the day it ships. Not a sponsor β€” it’s ours.

Try the six-roast sampler, $14 β†’ badasserycoffee.com

Our Guest

MetaLawMan joins Jeff and Chip to break down what the Ripple ruling actually settled for XRP, what it left open, and why legal clarity still has not turned into market clarity.

🌐 metalawman.io

𝕏 @MetaLawMan on X