
Irish Tiger
4.8K posts

Irish Tiger
@IrishTiger15
The greatest trick he ever played ..








If Ripple loses to the SEC there won’t be any money collected for years and ONLY if Ripple loses on appeal. If the Supreme Court takes it on appeal (which I believe they will if Congress hasn’t acted by then), I believe Ripple hands down wins with this Supreme Court. If the SEC wins Ripple will Appeal and the status quo that exists today will continue over the next 2-5 years. Assuming the SEC wins, and the civil case lawyers get a win because the judge in California follows Judge Torres’ ruling, Ripple will appeal that case as well and there will be no money for years, if ever. Five years from now, if Ripple loses all the appeals, the SEC would then collect the money (ie $1.3B) - not the civil plaintiffs. The SEC would then offer a payback - a fund for XRP holders to sell their XRP (this is what happened in Veritaseum). If I were the Plaintiff’s attorney in the civil case I would want the SEC to lose because the SEC winning will gut the damages for the civil case. Ironically, If there was a recovery, XRP holders would get more money from the SEC fund because in the civil case the lawyers will get between 25-35% of the recovery for attorney fees BEFORE the costs of the case are deducted from the fund. Being on the 75K list is actually a good thing because a massive putative class of #XRPHolders is easily identifiable. By joining the class list I put out, NO ONE WAIVED ANYTHING whatsoever by joining the list. In fact, if there was ever any money for XRP holders, from the civil case or the SEC case, I’d likely be contacted because you have to give notice of the recovery to XRP holders and I am in possession of a list of 75K. You must ignore the morons out there who claim by joining the 75K list and arguing XRP isn’t a security is a bad thing if there is one day a monetary recovery for XRP holders. These morons have no idea what they’re talking about. A person can believe that the asset they own isn’t a security but if that person is wrong because a judge and appellate court says otherwise, you don’t get punished for being wrong. If there was a fund that allowed you to sell your XRP to the SEC or back to Ripple because of a civil lawsuit you would NOT be denied because you joined the list saying otherwise. Anyone who tells you different is an idiot. But the reality is I doubt the civil case leads to anything. If the SEC wins in the end, it would collect the most money and offer the best option, ironically. Also, if Ripple loses and Congress fixes this regulatory mess during the 5 years of appeals, it all goes away anyway. Bottom line, being on the list didn’t waive anything and, if anything, it identified your claims (if you have any) long ago.













