R47 🦘

@cameronwills @LayahHeilpern 💯

@LayahHeilpern crypto thirst trappin 🥴

SEC drops lawsuit against $XRP Why altcoin szn will start now!

🎯🎯🎯

@CGasparino @SECGov There is no ethereum decentralization test at the SEC. This is fiction.

This is it – the moment we’ve been waiting for. The SEC will drop its appeal – a resounding victory for Ripple, for crypto, every way you look at it. The future is bright. Let's build.

Why is an XRP ETF important to price action? 🔑 “The price of an asset is SET IN THE DERIVATIVES MARKET.”🎯 “Mature derivatives are essential for price discovery.”📝 “In the derivatives market, buyers and sellers AGREE ON A PRICE.”🧩 Listen.👂 👇

@CoinClubQuincy O Wendy… why are you stoopid

Imagine calling ETH or any other network centralized because USDT or any other token listed on that network has a burn or clawback feature Gtfo this is stupid

@edward_farina 😂😂

One of the most disingenuous arguments made in crypto against any project is the idea that decentralization is equivalent to counterparty risk. There is an incorrect conflation between a networks ability to process transactions while solving the double spend problem, as a public permissionless network (where your private keys determine ownership), versus the counterparty risk that large holders represent in purchasing power terms. These are not the same thing and conflating them betrays a deep ignorance in the technical details by the people making the argument. Educate yourself instead of making a virtue of ignorance. For example, let's pretend @saylor had 99% of all Bitcoin in his wallet. This would not impact any other wallet on the bitcoin network with regards to cryptographic security or transaction processing/node recognition. Not one micro iota. nein, nada, zip, nil, zero. Now if we want to talk about counterparty risk, we are implicitly talking about purchasing power in fiat terms. That is to say that the counterparty having a large amount can sell into the market can collapse the price by selling a large amount in a short period of time. So when a bitcoin maximalists screams about decentralization (of holdings) what they are really saying is that the counterparty can make price go down in an illiquid market, which is what they are all really obsessed with, namely fiat! There's a deep irony there that should be studied. The takeaway is that when evaluating a digital asset you should study a both the quality of the network to keep your assets secure (actual decentralization) and the distribution of assets on that network to preserve your purchasing power (counterparty risk). I can think of one large holder in the top 10 by market cap that has cryptographically locked their holdings to preclude this selling event that is being postulated. Unfortunately the largest Bitcoin holders do not have such cryptographic escrow mechanics in place, here's looking at you MSTR. I wonder why? Now evaluate your risks accordingly.

Approaching $200,000,000,000 in market cap $XRP is one of the top assets being considered for the U.S. strategic crypto reserve. However, most people are missing the real reason why it might be included. Here's what $XRP brings to the table that $BTC does not:

BREAKING: VITALIK ANNOUNCES PLANS TO SCALE ETHEREUM AND ELIMINATE HIGH FEES 🚀

😳

BOOOOOOOOOOOOOOOOOOM!!! New trailer for the world's first #XRP documentary. It will be released on November 21! 🔊⤵️🍿

Gensler’s SEC has become unhinged. This will not, and should not, go unnoticed in an election year, as the SEC singlehandedly thinks it’s above the law, dragging the US further behind other G20 countries.

🚨GENSLER’S PLAN: THE FREE PASS SPEECH TO THE GET OUT OF JAIL FREE CARD🚨 📜 THE PLAN: Gary Gensler's plan is designed to conceal the SEC's corruption involving Ethereum. Gensler gives Prometheum a 'magic bullet' license which offers Ether as a security, pretends his hand is forced (by his own actions) & then justifies classifying Ether as a security with the move to proof of stake despite it being deemed as such since the ICO. 🙈🙊🙉 COVERUPS: A ‘few’ of the illicit activities Gensler’s plan would coverup include: - SEC’s favoritism to Ethereum & Prometheum, both effectively controlled the CCP affiliated entity Wanxiang. - Gensler’s admission of Lubin’s speculative ICO purchases which first turned ETH into a security. - Hinman’s DAO Report (coverup for the DAO Hack) clear conflicts of interests & Free Pass Speech. - Ethereum’s internal docs showing it wasn’t decentralized. - The motives behind the Ripple enforcement action. - Why Gensler said XRP (and not Ether) was a security while Chair of the CFTC. - The SEC’s illegally lead false prosecution to silence me which I defeated & exposed 🤫 ✏️ THE SEC PURGE: Gensler is attempting to conceal the trail of corruption & criminal activity involving Ethereum, Lubin, Vitalik, the SEC, himself, and others prior to the Merge in 2022. Like Ethereum’s planned ‘Purge’ to erase data from the blockchain older than one year, Gensler is attempting to erase all this history. 🤯 ACCOUNTABILITY: Ethereum has been tainted since the day of the ICO & appears to have colluded with the SEC to continue the charade of decentralization. To deem ETH a security from 2022 onwards & ignore all the illicit actions prior is a coverup of unprecedented proportions right in our faces. This cannot be allowed & everyone who participated in these actions must be held accountable. 🚀💣 fortune.com/crypto/2024/02…

🚨NEW: I recently reached out to the Securities Investor Protection Corporation (@sipc) regarding @PrometheumInc and discovered another reason why #crypto so badly needs legislation to figure out what its regulatory status is. When the @SECGov and @FINRA approved @PrometheumInc to become a special purpose broker-dealer of digital asset securities, Prometheum automatically became a member of SIPC, which means their customers would, in theory, be protected through SIPC if the firm fails. Most US-registered broker dealers must become members of SIPC under the Securities Investor Protection Act (SIPA) of 1970. The caveat: SIPC will NOT cover Prometheum’s so-called “digital asset securities” because they do not fall under SIPA’s definition of a security. SIPA says that in order to be considered a security, an asset must be registered with the SEC. No digital assets are currently registered with the SEC because there has not been legislation passed defining exactly what digital assets are. When I asked if being a member but not actually being covered as a member is an issue, SIPC told me that they have no authority to prevent a registered broker-dealer from being a member of SIPC, but that they would have reservations if the firm is not complying with their advertising bylaws. Their advertising bylaws say a firm should not advertise its membership if their interests are not included in the definition of the term “security.” On its website, @PrometheumInc says it’s a member of SIPC, then goes on to say that digital asset securities may not be protected under SIPA. So, they are members that are not really protected by SIPC, and even though the SEC and FINRA may consider “digital asset securities” to be securities, SIPC does not. Confused? Bottom line: Having a variety of government agencies with different views on the regulatory status of crypto could cause investor confusion and potentially be a problem.

Brilliant

The New York Department of Financial Services @NYDFS removed $XRP from its Greenlist AFTER Judge Torres ruled that the XRP token is not a security.   I wanted to find out why.   So here’s what I did about it. 👇 (Via @DigPerspectives )

THE TRUTH SHOULD MATTER

If people haven’t figured it out by now, let me help you: the speech was a pure money grab - nothing more, nothing less. Whether you believe in #ETH or whether Ethereum is a great technology or ecosystem, is not the point. As I’ve said before, had the @SECGov sued @ethereum @Consensys @ethereumJoseph & @VitalikButerin, alleging #ETH was a security, instead of @Ripple @bgarlinghouse & @chrislarsensf, I would’ve sued the SEC just like I did over #XRP. Prior to the speech being given, the SEC 💯 refused to discuss any particular crypto token. Since the speech, the SEC has 💯 refused to discuss any particular crypto token, including #ETH. Why hasn’t there been an investigation? Here’s an explanation: History books will discuss this era as the Corruption Era. An era when Congress exempts itself from insider trading laws so that members of Congress, recently briefed about a pandemic and a government shutdown, can use that non-public information and cash out of the stock market before it crashes, making hundreds of thousands of dollars. An era when the Speaker of the House presents a Bill on the House floor favoring credit cards companies, like Visa, and then shortly thereafter, the Speaker and her husband are offered millions in Pre-IPO shares of Visa, not offered to the public, making millions of dollars. An era when the Vice President of the United States uses his office and position to secure millions of dollars for his son and his family, but deny it to the American people when running for President. An era when the President of the United States has foreign governments and foreign nationals intentionally staying at his resorts and hotels, making sure he knows it, in the hopes of securing favors in the future. An era when the Secretary of State has a foundation that accepts donations and money from foreign countries and foreign nationals while she is Secretary of State, and meeting those donors in her official capacity for the United States. An era when the Chairman of the FDA literally leaves his government post and shortly thereafter is named on Board of Pfizer. The same era that the son-in-law of the President gets a loan for hundreds of millions of dollars from Apollo Group and shortly thereafter, the SEC Chair drops an investigation into Apollo Group, and then afterwords, that same SEC Chairman resigns from the SEC, but is immediately appointed as an advisor or board member to Apollo Group. An era so ripe with corruption, the CEO of an offshore exchange, and the son of Democratic operatives, donates tens of millions of dollars to the incumbent administration for the purposes of access to regulators, and after those donations, he gets private meetings with the Chairman of the SEC, the Chairman of the CFTC, and members of Congress. Because this era is marked with such a blatant disregard for conflicts of interests or appearances of improprieties, a Director of Corporation Finance wouldn’t hesitate to give a speech providing a massive regulatory advantage for the same people literally paying him. He wouldn’t hesitate to allow those same people to help write the speech. Nor would he hesitate to go work for those same folks after giving the speech. And because this speech occurred during the Corruption Era, MSM and others, don’t bat an eye. Why would they? It’s the Corruption Era. It’s expected. It’s the era of “Get yours, while you can.”