Ripple v. SEC = Done Just came back to Celebrate with you!

Dear Friends, My time on X has come to an END. I had no idea that when I saw that article about the Ripple lawsuit back on Christmas 2020 (yes, that long ago!), that it was the Christmas gift that would take me to places I never imagined. Thank you for being on this journey

Soooo, for a little more detail (2nd try): 1. The SEC has apparently dropped its appeal, but we don't know if Ripple agreed to the same. 2. This means, as far as negative outcomes, the judgment from Judge Torres is the WORST it can get ($125mil plus injunction). 3. There are 4

Congratulations Ripple and XRP holders!

"And, when you want something, all the universe conspires in helping you to achieve it."

I would say the exact same thing to the BTC guys but (wait for it), they are too decentralized.

If you are an XRP holder, please be kind to the BTC guys! BTC was founded on the libertarian ideal of self-custody, immunity from deflation, control, and other shenanigans (which is why I was drawn to it). So, the last few years of big-money control, and now government/political

The Blood Moon begins!

The Blood Moon begins!

BUT, with that said, I still think bringing the case back to the trial court is the best option. First, the Judge could agree and amend the judgment. Back in 2010 in the SEC v. BofA case, Judge Rakoff (of Terraform fame) wasn't happy with the agreed settlement, thinking that

A settlement agreement 100% keeps the terms within the parties' control (that is what every mediator tells you ten times every mediation). An attempt to ratify the judgment back at the trial court runs into problems that I've discussed before, namely that the Judge could say

Why not just ask the appellate court to approve the judgment? Appellate courts lack jurisdiction to impose or enforce judgments. Sometimes in Multidistrict litigation you'll see an appellate court endorse or approve a settlement but even that is rare and still the case is sent

Something in Eleanor's post caught my attention: "...case is in the process of wrapping up and could be over soon." The only way the case could "be over" soon is if Ripple and the SEC reach a private settlement agreement (which would vary from the judgment), dismiss the appeal,

I only had time tonight to skim-read the new proposed stablecoin bill, the humbly named "Genius Act." A couple of thoughts and a big QUESTION I need help with: 1. As many people in the comments have already mentioned, passage of this Act would be the death of USTD in the U.S..

To clarify: the language I'm quoting here is from a letter back in 2021 which was basically rescinded a year later and has now been unrescinded as of today (which is the link). The poor bankers are getting whiplash.

The U.S. Office of the Comptroller just released an interpretive letter Explicitly allowing banks to use distributed ledgers/stablecoins for banking activities: "We therefore conclude that a bank may validate, store, and record payments transactions by serving as a node on an

Am interesting sidenote here is that if Ripple was required to exchange XRP for dollars back when it escrowed the penalty, the Treasury lost out on almost half a billion dollars versus if it had allowed Ripple to just escrow XRP (due to the price increase). Half a billion

Although the Ripple judgment is denoted in U.S. dollars, it IS possible that Ripple could satisfy the judgment against it by transferring the same amount of XRP to a Federal XRP "stockpile" address. There's a Supreme Court case from 1869, Willard v. Tayloe, which took place

I will leave this post up forever, to memorialize my gullibility. But I'm still right! :)