Greg Kidd
3.2K posts
Greg Kidd
@gregkidd
Democratic candidate 2nd District NV. Vast Bank, USBC, Hard Yaka. Prior Promontory Financial and Federal Reserve. Proponent of Fair/Open Access for all
Crystal Bay, NV Katılım Nisan 2006
232 Takip Edilen24.8K Takipçiler
As a former federal regulator, I’m inclined to pay attentio to misinformation, regardless of whether such conduct is based on ignorance or intention. I know not the cause for providing fraudulent information, but I feel a responsibility to at least correct blatant mis-statements. To that end, please note:
”He doesn’t mention that the technology is Ripple...”
This is a lie. The technology we’ve built tokenized deposits on is Solana (fast and cheap), though we previously worked with Ethereum (flexible). It was never Ripple.
“The crypto company that the SEC sued”
This is disingenuous as the litigation with the SEC provided the fundamental breakthrough to determine when a currency is a security versus a commodity. This is regulatory R&D at the most fundamental level: ripple.com/ripple-press/l…
“He does not name Ripple, the company he co-founded”
This is a lie. The founders of Ripple are Chris Larsen, Jed McCaleb, David Schwartz, and Arthur Britto. This information is plainly and widely known. I was the 10th employee and served as the Chief Risk Officer based on my regulatory background. I’m proud of Ripple and my time there, but it was quite some time ago relative to my other endeavors. Always happy to talk more about those days and the role Ripple played as the first company in the space.
”federal regulators just forced him to shut down a retail crypto product”
This is a lie. I bought Vast Bank to support tokenized deposits — which are US dollars NOT crypto. Vast Bank had been the first Bank to receive a non-objection letter from the OCC to do crypto and I shut that down because my focus is elsewhere.
”running a venture firm …”
This is misleading. I do not, and have never operated a venture firm — i.e. investing other people’s money. I certainly have managed my own money, and yes I fully admit/describe and am proud of the early roles/investments I made in Twitter, Square, Ripple, Coinbase and Robinhood. There’s plenty of my public discussions of all of this on the internet. Why anyone would think that I’m not proud of my work/investment experience in these regards, along with a 300 page disclosure, is beyond me. Anymore than the time I spent as a regulator or working on regulatory issues for banking and financial services.
”the company whose token is the foundation of the wealth he’s now spending in this primary”
This is ridiculous and misleading. I certainly did well with Ripple, but my entrepreneurial back ground started decades before that with DMSC, the bike messenger network I took public in 1998. Twitter and Square were subsequent to that and predate Ripple. And it’s no secret about many other roles/investments I’ve made since — and yes that’s all documented in my disclosures as well as talked about in my numerous media appearances. Why anyone is representing that I’m embarrassed or hiding that is just smear journalism. The tag line for the posting is just petty clickbait.
Overall, I have no insight into the motivations or intentions behind this sort of hatchet behavior. At least this isn’t coming from a fellow candidate, as our party can win in November and beyond without resorting to lowball conduct.
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Hats off to Kindred Motors -- Rob has come a long ways since I hired him as a summer intern for my bike messenger business years ago. youtube.com/watch?v=c8_TvB…
I've got my electric build coming this summer
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