Tim Cundiff
162 posts

Tim Cundiff
@RealMenSpot
Just an American father trying to raise his kids right 🇺🇸





I understand how excited the markets are about XRP getting its first stablecoin. Yay for Ripple, please head this way to collect their participation trophy. Now for those of us who support a real DeFi ecosystem and have *multiple* stablecoins on chain, the real game is all about how that ecosystem is evolving.


(1) The SEC's decision to appeal is disappointing, but not surprising. This just prolongs what's already a complete embarrassment for the agency. The Court already rejected the SEC’s suggestion that Ripple acted recklessly, and there were no allegations of fraud and, of course, there were no victims or losses. (2) Instead of faithfully applying the law, this agency, under this Chair, continues to engage in litigation warfare against the industry. We are evaluating whether to file a cross appeal. Either way, the SEC's lawsuit has been irrational and misguided from the start, and we're ready to prove that yet again in the appellate court (once again taking the lead for the industry) (3) Coincidence that the SEC’s Enforcement Director announced his resignation about an hour before this?


#XRPCommunity #SECGov v. #Ripple #XRP BREAKING: The @SECGov has filed a Notice of Appeal of Judge Torres’s Ruling.


"This is a field where the leading lights from a couple of years ago are either in jail, about to go to jail, or awaiting extradition." @SECGov Chair @GaryGensler #BloombergInvest @annmarie

















