Ripple (XRPUSD)

[spencegp]

Honestly it will be a 24-36 month turn for a case like this. Highly complex, somewhat opaque, and totally ‘new’ to most folks that are enforcing what they perceive to be the law. The problem with laws in relatively new areas is that they are almost intentionally vague and leave a large amount for interpretation. All these guys can do is go In and show the good-faith effort that has been made over the years (as well as invoices and guidance from outside counsel retained) to show intent was there to do everything above bar. If the SEC can prove intent to deliberately mislead / defraud / etc... and again it has to be pretty ‘black and white’... this isn’t good.

I’m in health care and with new technologies or methodologies— we have to battle the same stuff (ill-defined laws) while the tech or method in question continues to mature and show value to both patients and insurance companies. With COVID keeping courts shut, it has pushed out most cases almost 18 months (and counting).

I’ve held for years and will continue to hold. Sold some btc gains and have been buying below $0.25. The technology is leaps and bounds more efficient, faster, cheaper, and scalable (with 80% super majority consensus) than anything I’ve seen.