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The SEC can't control Bitcoin or Ethereum, they are China's and Switzerland's coins respectively. So they have the screw the American company to put blockchain several years behind the rest of the world.
We used to have capitalism and lead the world, but the government is working hard to reverse that.
I think the reason Ripple, et al. decided to take this to court instead of just settling is for the publicity.
Currently bitcoin is the only cryptocurrency talked about by the media. This is Ripple's chance to have "the biggest crypto fight of the century" publicized. This keeps Ripple away from being accused of promoting XRP via advertising.
If/When Ripple wins their case, XRP could be more popular than bitcoin.
Remember:
Craig Phillips, former counselor to U.S. Treasury Secretary Steven Mnuchin, has joined Ripple’s board of directors to advise the firm on regulatory affairs.
- and -
..Ripple’s D.C. office has two more members with government backgrounds - Susan Friedman and Ron Hammond. Friedman joined Ripple as an international policy counsel from the Treasury...
...Hammond joined Ripple as a manager of government relations. He was previously legislative assistant to U.S. Rep. Warren Davidson and worked on the Token Taxonomy Act, per the announcement...
https://www.theblockcrypto.com/linked/44176/ripple-opens-new-office-in-washington-d-c-to-woo-policymakers
Chainlink's Plans For Blockchain and Beyond in 2021
“You’re going to see a depth of data in DeFi; you’re going to see a breadth of data as well,” Nazarov told Decrypt. That ranges from sports data to insurance data covering weather, shipping, and enterprise use cases. “There's going to be all these various datasets,” he added. “We can't even predict how people are going to build around them. They'll build fascinating things like prediction markets and all kinds of use cases that I'm extremely excited to see.”
------------------------
"Instrumental in Chainlink’s plans is its 2020 acquisition of DECO, a verification protocol for oracles. Developed by Cornell University researchers, DECO can prove the authenticity of data, while ensuring privacy, and the startup is now in the process of integrating it.
DECO, said Nazarov, is going to make all kinds of data available. Identity data, for example, can be verified, allowing a transaction to meet know-your-customer (KYC) or anti-money-laundering (AML) requirements, without exposing any sensitive information on-chain.
Notably, he said, DECO has already attracted interest—even from outside the blockchain space."
https://decrypt.co/51492/chainlinks-plans-for-blockchain-and-beyond-in-2021
Data Shows New Investors Flooded into Chainlink in 2020; Upside Imminent?
https://www.newsbtc.com/analysis/link/data-shows-new-investors-flooded-into-chainlink-in-2020-upside-imminent/
I bought link (first) between about $8 and $9 over a period of several weeks. Then another large buy this morning at $11.20. As long as it's making an awesome return, I'll keep it and buy more.
And you bought BTC after you sold it?
XRP is up 23.3% per Crypto.com
https://crypto.com/price/
The 6 page rebuttal Ripple filed is awesome. (The second link in my post).
Must read! Portion of an article:
Ripple, for its part, has replied with a terse six-page submission in response by calling the SEC’s action “unprecedented and ill-conceived,” and “wrong on the facts, the law and the equities.” The SEC, it said, “is picking virtual currency winners and losers, destroying US-based, consumer-friendly innovation in the process.”
Not only is XRP a currency, Ripple countered, but “a fully functional currency that offers a better alternative to Bitcoin.” Moreover, it said, if XRP is an investment contract then the same definition should apply to Bitcoin and Ethereum (which it called “two Chinese-controlled virtual currencies”) and thousands of others like it.
https://coingeek.com/ripple-xrp-is-unregistered-security-and-heres-our-suit-sec/
Summary of Ripple’s Wells Submission
https://ripple.com/wp-content/uploads/2020/12/Ripple-Wells-Submission-Summary.pdf
Isn't the XRP price about the same as in the US? That should be an impact, but not to your exchanges.
If the SEC is going to try and argue that XRP was too centralized, then why are they trying (via the suit) to stop it. 1 billion XRP was being released monthly. Decentralizing. Bureaucrats are a strange breed.
That's hilarious...thanks I needed a good laugh.
Dream on my friend. BTC has very little utility compared to Link. When the crypto investor becomes knowledgeable of cryptos value, they'll realize BTC is just a "dutch tulip".
The SEC suit won't drag on for years. My guess the changing of all the SEC chairman, directors, and employees was either through forced resignation or voluntary.
Why? Because the SEC knows what federal regulations on crypto are coming out in a couple of weeks.
The SEC is distancing themselves from the international lawsuits coming in attorney letters in trucks packed full.
Clayton knew what his actions would do, and he did it ONLY on the way out of the door.....Why did he launch the suit on his last day? XRP has been operating since 2012.... Why within weeks of the federal regs.
Clayton will probably have the class action suit of the century coming his way from all the thousands of XRP holders, not only in the US, but from many countries because he purposely drove down the price of XRP around the world.
I wouldn't be suprised if he considers a fast way out the mess instead of a legal way.
You need to learn something about investing. Whether it be stocks or crypto, the one with the best annual return is better than the favorite one by popularity or highest percentage gain on a segment of time ( a week, or month). Unless you're flipping.
2020 YTD shows Link is much better than BTC, even with the downturn...again temporary segments of time should not be the measure.
If you could buy fractions of a stock, this still applies.
If you invested a dollar in BTC January 1, 2020 it would've given you $2.78 by December 29, 2020.
If you invested a dollar of Link January 1, 2020 it would've given you $6.15 by December 29, 2020.
Do you see a difference? If you're an investor and not a flipper, Link is clearly a better investment.
It doesn't matter if a race horse was ahead for 30 yards during a race. That doesn't pay. The horse that wins the race is what matters.
All cryptos go up and down. (And BTW, bitcoin dropped $2000 in the last few days). In the 2020 YTD chart (in previous post) Chainlink has outperformed BTC over 2 to 1.
Anyone can pick a "segment of time" and say a crypto has outperformed another. That's why I perform long term views; they don't look at daily or weekly performance, they show the "steady long term ROI". In other words, if you're not "flipping", what's the best investment. In 2020, Link was better than BTC.
Chainlink can (and probably will) go up at least 100% next year.
For bitcoin to do that, it would have to go to up to $56,000. That's a lot harder and probably not likely (in my opinion). How many people can afford to invest $56,000 for a single coin?
That would be an awesome buying opportunity since their book value $7.24/share.
If the Neos merger goes through, we can see if the synergy of consolidation pushed them to profits. I have hopes.
Aytu finished their safety study. Now they just need to present it to the FDA. It has a huge potential to start making money about 2022. It's not just for critically ill covid patients on ventilators, but can be used for almost any upper raspatory illnesses.
Also, about 2022 the synergy of the merge with Neos will start paying off.
- Merger accelerates transformation to profitability, with estimated annualized cost synergies of $15M beginning FY 2022
- Aytu adds Neos' established, multi-brand ADHD portfolio, enhancing Aytu's footprint in pediatrics and expanding its presence in adjacent specialty care segments
- Opportunity to leverage and further enhance Neos RxConnect, a best-in-class patient support program, for Aytu's product portfolio of best-in-class prescription therapeutics and consumer health products
The combined entity will have an increased footprint in the prescription pediatric market, an established, growing multi-brand ADHD portfolio addressing the $8.5 billion ADHD market and significant combined revenue scale. For the 12-month period ending September 30, 2020, Neos generated $57.0 million in revenues. On a combined pro-forma basis for this same period, Aytu and Neos' aggregate net revenue is over $100 million. In addition, this Merger facilitates operational and commercial synergies that can be harnessed to accelerate the path to profitability for the combined entity, with estimated annualized cost synergies of approximately $15.0 million beginning fiscal year 2022.
https://irdirect.net/prviewer/release_only/id/4561372
Link has outperformed bitcoin more than 2 to 1. Ignore the media's version of the best coin.
https://coinlib.io/en/compare/2020-01-01/BTC/LINK
Coinbase will hold your XRP.
If you want to buy or sell XRP, you can still do it in an overseas exchange. SEC has no influence in most of the world.
Develop a crytocurrency ... (making sure it's a currency).
From a email I got from Coinbase:
In light of the SEC’s recent action against Ripple Labs, Inc., Coinbase has moved all XRP trading books to limit only and plans to suspend trading in XRP in January. The trading suspension does not affect deposit and withdraw functionality and Coinbase is still the safest place to hold your XRP.
The trading suspension will take effect on Tuesday, January 19, 2021 at 10 AM PT for US and international customers.
Customers will remain eligible for the previously announced Spark airdrop (subject to approval in certain jurisdictions). Further, the trading suspension does not affect XRP support on Coinbase Wallet.
Coinbase remains committed to being the most trusted platform for trading cryptocurrency. We strive to provide our customers with access to a broad set of assets, all of which are evaluated against our Digital Asset Framework to assess factors like security, compliance, and the project’s alignment with our mission of creating an open financial system for the world. We take seriously any decision to change our customers’ access to one of those assets.
We will continue to monitor legal developments related to XRP and update our customers as more information becomes available. In the meantime, please visit our FAQ.
Perfect timing with news being out at the same time.
Tel Aviv research: 99.9% of COVID-19 virus dead in 30 seconds with UV LEDs
https://www.jpost.com/health-science/tel-aviv-research-999-percent-of-covid-19-germs-dead-in-30-seconds-with-uv-leds-653315
Jay Clayton Admits He's Just Jealous of Brad Garlinghouse's Beard
(Be aware: It's a Coil article)
https://coil.com/p/XRP_Productions/Jay-Clayton-Admits-He-s-Just-Jealous-of-Brad-Garlinghouse-s-Beard/o6DHysF6x
SEC Action Will Impose Substantial Harm on Innocent Holders
"The XRP action is also happening as SEC Chairman Jay Clayton decided to give his resignation. The SEC Commissioner, Hester Pierce, announced on Twitter that Elad Roisman has been appointed the acting Chair of the U.S. financial regulator. “Congratulations, Chairman Roisman,” Pierce tweeted on December 24. “I look forward to your leadership of the SEC,” she added. Moreover, The Block’s Frank Chaparro obtained a letter from Joseph Grundfest, a former Commissioner of the U.S. SEC.
Former Commissioner of the U.S. SEC, Joseph Grundfest.
According to a letter to Jay Clayton, Grundfest allegedly said that the Ripple lawsuit was “unprecedented” and there’s “no pressing reason compels immediate enforcement action.” “The views of a soon-incoming Administration and Congress as to the regulation of transactions similar to those at issue can differ substantially from current perspectives,” the Grundfest letter details.
The former SEC Commissioner further wrote:
Simply initiating the action will impose substantial harm on innocent holders of XRP, regardless of the ultimate resolution. Upon learning of the proceeding, intermediaries will cease transacting in XRP because of the associated legal risk. The resulting reduction in liquidity will cause XRP’s value to decline.
The SEC’s acting Chair Elad Roisman also reportedly discussed the evolving cryptocurrency markets back in 2018. “The SEC must examine and re-examine its rules, regulations, and guidelines to ensure that they are still working as intended to accomplish the SEC’s mission,” Roisman said at the time. “This is most recently manifested in areas such as data protection and cybersecurity, as well as the emergence of new investments and technologies such as initial coin offerings and blockchain.”
https://news.bitcoin.com/ripple-lawsuit-could-invoke-billions-in-losses-to-innocent-third-parties-says-former-sec-commissioner/
Could this be a kick starter for Healight?
Tel Aviv research: 99.9% of COVID-19 virus dead in 30 seconds with UV LEDs
https://www.jpost.com/health-science/tel-aviv-research-999-percent-of-covid-19-germs-dead-in-30-seconds-with-uv-leds-653315
Also it's estimated that over 30% of people will never get vaccinated.
Anti-vaxers, remote areas of the globe, areas where refrigeration/freezers aren't practical, and the vaccines need to be repeated every year to account for the virus mutations....just like the flu.
Covid will be around forever.
There'll no doubt be other coronaviruses come along from Sars-2. It's constantly mutating. Just a matter of time.
OOPS, I meant Jay.
Santander, one of the largest banks in the world, Group’s executive chairman said that now 50% of the bank’s annual international transfers could be covered with One Pay FX, which uses Ripple’s xCurrent.
https://ripple.com/insights/live-transaction-santanders-onepay-fx/
Imagine using a mobile device to transfer "securities" worldwide.
Fascinated by Bitcoin, they set out to create a better version that improved upon its limitations—with the goal of creating a digital asset that was more sustainable and built specifically for payments.
The XRP Ledger first launched in June 2012. Shortly thereafter, they were joined by Chris Larsen and the group started the Company OpenCoin in September 2012 (now named Ripple). The founders of the XRP Ledger gifted 80 billion XRP to the company.
https://xrpl.org/history.html#:~:text=The%20XRP%20Ledger%20first%20launched,billion%20XRP%20to%20the%20company.
Built specifically for payments, and it's most used utility today, is funds transfer. How does that come even close to being a security.
Does Western Union, MoneyGram, PayPal, etc use securities?
They have to win against Ripple first.
Link up 15% isn't that bad in my mind.
Larsen and Garlinghouse have 20 - 30 days to answer the SEC complaint.
The feds should have their crypto definitions/regulations published before the start of the court case. Federal court cases, especially this important, usually take months to start.
https://millerlawpc.com/lawsuit-take-long/#The_process_of_a_lawsuit_takes_time
I'm hoping the case will get dismissed before it even starts. And after the fed regs come closer to what FinCen has been using. (Judging XRP as a cryptocurrency).