Ripple (XRPUSD)

[Hole shot King]

Boom is on the way

🚨 BREAKING:

US PASSES BILL TO PROMOTE MASS BLOCKCHAIN ADOPTION!

GUYS WE ARE ON THE VERGE OF A WHOLE NEW ERA OF PAYMENTS 💥 #XRP https://t.co/C4vc4cT1WL pic.twitter.com/hD6yCt0XGM

— 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) December 7, 2023

[3antar]

He is probably loading...

[KC01905]

Supply is a huge factor. Uuugggeee.

[W3Research]

$XRPUSD and Shiba Inu Coin This person is a true Threat To Democracy!

JP Morgan CEO Jamie Dimon Says Feds Should 'Close Down' Bitcoin.

JP Morgan CEO has again slammed crypto and Bitcoin, saying he'd "close it down" if he were in charge of making laws.

By Mat Di Salvo

Dec 6, 2023

JP Morgan Chase CEO Jamie Dimon has again slammed crypto—today saying that he’d “close it down” if he were the U.S. government.

“The true use case for it [crypto] is criminals, drug traffickers, money laundering, tax avoidance,” Dimon told lawmakers during a Senate Banking Committee hearing Wednesday.

“If I was the government, I’d close it down,” he added. “I’ve always been opposed to crypto, Bitcoin, etcetera.”

Dimon’s comments came after Elizabeth Warren (D-Mass.) asked the billionaire bank boss why “terrorists, drug traffickers and rogue nations” like crypto.

He went on to add that you can move money “almost instantaneously” with digital assets and that it was “somewhat anonymous.”

Dimon’s latest comments are not the first time he’s criticized Bitcoin and other cryptocurrencies: he famously called Bitcoin a “fraud” back in 2017, and criticized his own daughter because she bought a bit of the biggest cryptocurrency by market cap.

The chief of the world’s biggest bank also once questioned whether Bitcoin would really have its supply capped at 21 million coins, saying: “Maybe it’s gonna get to 21 million and Satoshi’s picture is gonna come up and laugh at you all.”

Despite criticizing Bitcoin and decentralized cryptocurrencies, Dimon has praised its underlying technology and his bank has used blockchain for projects such as its JPM Coin, a digital coin that runs on a permissioned blockchain (a distributed ledger that is not publicly accessible like Ethereum or Bitcoin.)

The crypto industry’s X (formerly Twitter) users were quick to point this out—especially highlighting the amount of times JP Morgan and other banks have been fined by regulators for breaking rules.

Crypto advocates often push back at the notion that Bitcoin or other digital assets are disproportionately used by criminals, highlighting the fact that Bitcoin, in particular, operates on a transparent ledger and transactions can very easily be tracked.

Some government officials in the past, notably former CIA Director Michael Morell, have suggested that Bitcoin is actually a “boon” for law enforcement, considering how transparent it really is.

End Of Line.

[delerious1]

Elon Musk Confirms ‘Progress’ On Wild X Crypto Rumors—Triggering A Dogecoin Price Surge To Rival Bitcoin, Ethereum And XRP
Billy Bambrough
Senior Contributor

Dec 6, 2023,09:15am EST
BitcoinBTC 0.0% and cryptocurrencies are suddenly soaring as the market braces for a Wall Street earthquake that could cause price chaos.



The bitcoin price has rocketed to $45,000 per bitcoin this week, more than doubling through 2023, and boosting the price of ethereum, XPR and even the likes of dogecoin as traders bet a new bull run could have already begun.

Now, TeslaTSLA +1.6% billionaire Elon Musk has said he's making "progress" in adding payments to his social media platform X that could include bitcoin and crypto—something that will set X up for a showdown with growing crypto giant PayPal.





Bitcoin's historical halving that's expected to cause crypto price chaos is just around the corner! Sign up now for the free CryptoCodex—A daily newsletter for traders, investors and the crypto-curious that will keep you ahead of the market

MORE FROM FORBES
Bitcoin's 'Worst Kept Secret' Is About To Have A 'Huge' Price Impact
By Billy Bambrough
Elon Musk, Tesla, X, Twitter, bitcoin, bitcoin price, ethereum, ethereum price, XRP, XRP price, dogecoin, dogecoin price, image
Tesla billionaire Elon Musk has flirted with the idea of adding crypto to his social media company .


X, rebranded from Twitter by Musk earlier this year, has been acquiring money transmitter licenses across the U.S., a process that has to be done state-by-state.

"Progress," Musk posted to X, responding to an X fan account that posted a link to a report by The Street claiming X has been granted 10 licenses to move money between U.S. states and calling it a "move toward crypto payments."

In October, a leaked "all-hands" virtual meeting at X revealed Musk's plans to grow X's financial services arm, with prominent voices in the bitcoin and crypto space calling the plan something that could spur a "critical mass" of crypto adoption.

Musk, who has previously said he wants to turn X into an "updated version" of PayPal, has helped the price of bitcoin and other major cryptocurrencies, including the meme-based dogecoin, surge over the last few years as he teases crypto integration and adoption.

The dogecoin price, a bitcoin-inspired cryptocurrency that Musk was once jokingly named the "CEO" of, has surged almost 20% over the last 24 hours, following the price of bitcoin, ethereum and XRP higher ahead of a widely expected Wall Street bombshell.

PayPal has this year leaned into bitcoin and crypto, launching its own dollar-pegged stablecoin cryptocurrency after rolling out support for bitcoin, ethereum, litecoin and bitcoin cash in late 2020. PayPal's original support for bitcoin and crypto helped kick off the 2021 bitcoin price bull run that catapulted bitcoin to almost $70,000.




Elon Musk, Tesla, X, Twitter, bitcoin, bitcoin price, ethereum, ethereum price, XRP, XRP price, dogecoin, dogecoin price, chart
The dogecoin price has held onto many of the massive gains it made in 2021 despite crashing back ... [+]FORBES DIGITAL ASSETS
In August, Musk issued a stringent denial that X will launch a cryptocurrency of its own to rival bitcoin, ethereum, XRP or dogecoin, sparking speculation the platform could integrate existing cryptocurrencies.

Musk has said he personally holds bitcoin, ethereum and dogecoin while his electric car company Tesla holds almost $300 million worth of bitcoin and accepts the meme-based bitcoin rival dogecoin as payment for merchandise.

Before buying Twitter last year for an eye-watering $44 billion, Musk considered creating "a new social-media platform based on the blockchain" that "could have a payment system using dogecoin, the semi-serious cryptocurrency whose development he had been quietly funding," Musk biographer Walter Isaacson wrote in an excerpt of his new book, titled simply Elon Musk, published in the Wall Street Journal.

[Vulcanized Crawler]

getting a lil rise outta this explosive mama

[Weed farmer]

15-50$ top here coming sooooon

[WolfOfGrnStreet]

Now you see the truth. As long as a government official has their tiny dick in the equation the xrp doesn’t move. You make America Great Again. I betcha XRP moves exponentially!

[Brokemillwright]

Hmmmmm still stand true! Cute the violin music

[WolfOfGrnStreet]

Nailed it. But Joe Biden is the President. We shall see

[Gifton]

How is it possible for every other coin to move, except XRP n XLM... Who's holding these 2 down, n why?

[qualityincolor]

Once bitcoin ETF's are approved.. I'm betting gains from that catalyst will pour over into XRP... long and strong folks

[dshade]

The lunc moves are popping up and volume continues

[GOLFTEES]

LOOKING GOOD

[qualityincolor]

Keep going 💪

[delerious1]

🚀Crypto going nuts tonight, not sure what's driving it....Bitcoin hitting new highs XRP doing okay too

[W3Research]

$XRPUSD and Shiba Inu Coin More Great Legal News! Cheers!

Deaton Reacts as Court Threatens to Sanction SEC For Lying

Popular legal expert John Deaton sheds light on how courts have continued to call out the Securities and Exchange Commission for lying. 

XRP holders’ attorney John Deaton has taken to the X platform to react to a federal judge threatening to sanction the SEC’s lawyers involved in the case against crypto project Debt Box. 

Court Threatens Sanction Against SEC Lawyers

On November 30, Judge Robert Shelby warned SEC lawyers in the Debt Box lawsuit that he may sanction them for convincing a court to freeze the company’s assets under false and misleading pretenses. 

In an attempt to secure a temporary restraining order, the SEC claimed that Debt Box was closing its accounts and moving its funds out of the United States. 

However, the SEC refused to mention that Debt Box’s accounts were being closed by banks. The regulator also failed to note that the funds were moved to a credit union and not out of the United States. Following the SEC’s claim, a federal court froze the company’s bank accounts in August. 

With Debt Box proving that the SEC lied to obtain the temporary restraining order, the judge dissolved the order. 

Commenting on the development, Judge Shelby pointed out that the SEC’s misrepresentation caused Debt Box irreparable harm and undermined the integrity of the case’s proceedings. Hence, the court threatened to sanction the SEC’s lawyers in the case. 

Courts Call Out SEC For Lying  

Reacting, Attorney Deaton said the SEC has been called out for lying by every court that has dealt with it in the past three years. Per Deaton, anyone surprised that a federal judge threatened to sanction the SEC for lying has not been attentive in the past three years

End Of Line.

[Vulcanized Crawler]

it was all due to nixon's payback

[GOLFTEES]

LOOKING GOOD

[WolfOfGrnStreet]

Flip the switch already. BIDEN, obama and the bushes fucked this dollar up. Cheers

[Alpha611]

It's a win win for security and this is why I still like the price.
Being that I strongly believe they not only disagree with the courts.
But are also HEAVELY INVESTED into XRP it's self. JMHO.

[Alpha611]

Still like her for the price. But the more they pump this bitch!
The happier I am I left her. GL

[W3Research]

$XRPUSD and Shiba Inu Coin More Huge Legal News! Cheers!

Judge scolds SEC for apparent deception in crypto case, threatens to sanction agency.

The SEC is suing crypto firm DEBT Box for allegedly defrauding investors out of nearly $50 million.

BY 

LEO SCHWARTZ 

 AND  

JEFF JOHN ROBERTS

December 01, 2023 4:47 PM EST

SEC Chair Gary Gensler has engaged in an aggressive campaign of enforcement actions against crypto firms. Tom Williams—Getty Images

A federal judge has rebuked the Securities and Exchange Commission over its treatment of a crypto firm, expressing concern the agency had made “materially false and misleading representations” in order to freeze millions of dollars in assets belonging to the project.

The case, filed in Utah federal court, concerns a firm called Digital Licensing Inc., or DEBT Box. In its complaint, filed this summer, the SEC alleged the project had defrauded investors out of nearly $50 million by selling unregistered securities called “node licenses.”

As part of the initial process, the SEC successfully obtained a temporary restraining order and asset seizure through a so-called ex parte application—meaning the crypto firm was not informed of the proceedings and was not able to challenge them in court at the time.

These types of one-sided proceedings are uncommon and typically take place when a government agency fears that notifying the defendant will result in their destroying evidence or whisking assets overseas. Meanwhile, a temporary restraining order requires a party to show a high likelihood of “irreparable harm”—a high bar to clear.

?

In his Thursday order, U.S. District Judge Robert Shelby explained he had agreed to grant the SEC’s request because the agency’s lawyer, Michael Welsh, had said the crypto company was actively closing bank accounts—including 33 in the last 48 hours—as part of a bid to move the firm to Abu Dhabi and beyond the reach of U.S. regulators.

This turned out to be untrue, however. In his order, Shelby argued that some of the SEC’s arguments were “entirely without merit and misstate the record.” He wrote that subsequent legal proceedings revealed that no bank accounts had been closed during the 48-hour window and that the company had already transferred much of its operations months before. He also found that it was banks, not the company, that had closed certain accounts and that one alleged overseas transfer of $720,000 the SEC had used to justify the ex parte seizure had actually been a domestic transfer.

Shelby wrote that he was “troubled” by the SEC attorney’s misrepresentation of the account closures because there was another attorney on-screen, as well as two investigative staffers off-screen, who did not clarify or correct the attorney’s statement, nor was it addressed in later filings.

The judge also argued that the SEC has accused the crypto company of blocking investigators from viewing its social media sites, saying the agency had not shown any evidence to suggest the firm had even known about any investigation.

Given all this, Shelby concluded that the SEC had possibly deceived the court in its description of the facts used to justify the earlier orders.

“The court is concerned the Commission made materially false and misleading representations that violated Rule 11(b) and undermined the integrity of the proceedings,” wrote Shelby, citing a federal court rule that says written facts submitted to a judge must be supported by evidence.

SEC faces sanctions

The document issued by Shelby came in the form of a “show cause order”—a request that in this case demands the SEC provide reasons why the Utah court should not punish the agency for its behavior. While such orders are not uncommon, they are typically directed at private parties and very rarely at government agencies.

The order on Thursday concludes with a list of questions asking the SEC to respond to specific examples of apparent falsehoods, including the agency’s claims made about the closed bank accounts and the social media blocking.

While the tone of Shelby’s order is restrained, the judge appears to have been angered by the fact that the SEC submitted the apparent misstatements in an ex parte context and for a temporary restraining order—legal processes that courts are mostly reluctant to grant as they deprive defendants of due process. In his filing, the judge states that he is “concerned” the SEC “undermined the integrity of the proceedings.”

The federal rule cited by Shelby doesn’t provide specific sanctions for given violations but rather proposes a range of measures from a financial penalty to a directive that “suffices to deter repetition of the conduct.”

End Of Line.

[Vulcanized Crawler]

yt is pumping the crappola outta xrp...
i like xrp, but, with all the big pumping going on makes me suspicious to the max. sec n' xrp may finalize all n' everything today. hope so. im not fond of government unelected hasbeens screwing up what creative minds and establishment criminals have wrought. survival of the fit ...aint that the way? i's got more an bigger guns aimed at you than you at me. as the judge said to both sides in the case ...'' may the best lawyer win''.

[ap17]

Correct, and youtube has new clickbaits uploaded hourly touting 4 figure and up prices for XRP. If I had 1/2 cent for each youtube, I'd be rich.

[Alpha611]

This token has more predictions & news then it's actual movements! lol

[ap17]

Almost as bad as that .48 short...........ALMOST.
Better listen to Hibbs more often.

[Brokemillwright]

But but but...... Moonboyies posted 🚀🚀🚀🚀🚀. Guess they spent on their money and couldn't afford da fuel

[dshade]

Adding all the X's

[ap17]

Exactly, and he's been wrong WAY more than right on multiple crypto boards. Mostly acting as a "Short Schill"

[qualityincolor]

I'm LONG... i've stated it from the beginning, so updating you with declines is completely irrelevant. I've been in since .26 cents and plan to never sell. I will borrow against my crypto to buy other assets. Flip, short, buy, swing, do whatever, doesn't matter to me. You pointed out, no one is right all the time, but so far, I've been right about my approach being long. ✌️

[Brokemillwright]

I've never claimed to be right every time. Nobody can call every top or bottom, market will do what it'll do. It has hit it's head on rejection and is rolling over. Wasn't this headed to to moon? Can't the same be said for the pumpers being constantly wrong and being mods on the boards deleting messages in a last ditch effort to try controlling sentiment lol. Those big soft rolls with HURT longs. Keep us updated with your declines please

[qualityincolor]

You've been wrong how many times? 😄 🤣 Why even say anything price related?
I'm here long term regardless. ✌️

[Brokemillwright]

Vechain was doing that around .07, if it's anything simialr-Timber!!!!!!!! Dang look at that roll over on the one and 3 month chart

[Alpha611]

Reviewing who is still here & a reminder to Never come back. lol Investment wise!
Nahh, Just kidding. If by some small chance the price is right I may come back a small percentage.
Still think there is money to be made here just not as much. Wanted a better or safer investment until after the Holidays. Still Don't trust Security or CB with another halt. New laws will be set some time after the 1st of the year. Not sure when.
Don't want to tied up or risk what I have. / GL

[qualityincolor]

Not sure, but it moved up so incredibly fast without a ton of buying. Your probably right.

[Sonic Boom]

I just noticed that. What do you make of that price movement? I suspect someone moved some money thru the ledger.

[qualityincolor]

We just shot up to almost .65 then right back down. Crazy activity today.

[Sonic Boom]

If you left, then why are you still here? Congratulations on taking profit.

[Sonic Boom]

Ouch indeed, infinite risk shorting $XRP. This IS the banker's crypto currency.

[nowwhat2]

XRPUSD !.......GO U.S.A. Go !

[ap17]

LMFAO, like the short @ .48 you called?? OUCH OUCH!

[Brokemillwright]

Is it a bird??? Is it a plane???? Nope it's XRP doing a monster rollover and getting ready to T bag you just like sunshine bio did! Are you really that dense and can't grasp people pump junk to make a buck and leave you holding the bag? Lol

[ap17]

Youtube is FILLED with moonshot clickbait. Moonlambo the biggest offender. Don't even bother with them. Just set it and forget it.

[Alpha611]

??? 61,000 PERCENT! The more news I see the happier I am I left.
UNNNNNNN REAL! Good luck to all.

[Alpha611]

Don't agree with everything you say ACCEPT the pumping part. lol
BUT! One JP Morgan secretly buys in to XRP. That pumping can hurt after a while. Best of luck my friend.

[Alpha611]

Time to move.
Wishing all the best. Though I still believe we have a great one here.
I've done my time and setting up for the New year. Held a large amount of XRP from mid 2019 average cost $0.22.
Sold all just weeks before the halt then decided to jump back in just before the clock ran out.
Jumped back in @ 0.23 when all panic. Held for 3yrs added more after the lift and then some.
Made enough to try my luck with others. So claiming my gains as I spread my wealth to the Chain gang!
Best of luck to all and Happy Holidays!

[Sonic Boom]

Excellent suggestion as they remain incoherent. Nice and steady indeed as I'm only here to share my enthusiasm 😀

[trunkmonk]

Everyone pumping, that’s only great thing happening. Schmucks.

[Nosnibor]

IMO XRP is set to do great and XLM is set to do good too. Why is your personality so rife with Wankerism? You are a true knob-head, son.