Discussion

• @bgarlinghouse Brad Garlinghouse on x

  Today, the SEC voted to attack crypto. Chairman Jay Clayton - in his final act - is picking winners and trying to limit US innovation in the crypto industry to BTC and ETH. (1/3) https://fortune.com/...

• @vitalikbuterin Vitalik.Eth on x

  Looks like the Ripple/XRP team is sinking to new levels of strangeness. They're claiming that their shitcoin should not be called a security for *public policy reasons*, namely because Bitcoin and Ethereum are “Chinese-controlled”. 😂😂 https://ripple.com/... https://twitter.com/..…

• @bgarlinghouse Brad Garlinghouse on x

  The SEC - out of step with other G20 countries & the rest of the US govt - should not be able to cherry-pick what innovation looks like (especially when their decision directly benefits China). Make no mistake, we are ready to fight and win - this battle is just beginning. (3/3)

• @yoshitaka_kitao @yoshitaka_kitao on x

  Japan's FSA has already made it clear that XRP is not a security. I'm optimistic that Ripple will prevail in the final ruling in the US. SBI Holdings remains a steadfast partner to Ripple, and looks forward to expanding together in Asia. https://twitter.com/...

• @nathanielpopper Nathaniel Popper on x

  Ripple's CEO often talked up the value of XRP by citing the intense interest from the financial industry. The SEC says that today only a few companies are using it and they are only doing so because of big payments from Ripple. https://twitter.com/...

• @coindesk @coindesk on x

  David Schwartz (@JoelKatz), @Ripple's CTO, is cited in the @SEC_News case as saying that Ripple's “publicly announced strategy” was to “do everything we can to maximize the price of $XRP over at least the time it takes us to sell the XRP we have.” https://www.coindesk.com/...

• @mackattackxrp @mackattackxrp on x

  The SEC's Attack on Crypto in the United States. Ripple is on the right side of the law and history. We've always said that there is a lack of regulatory clarity for crypto in the US, and the SEC here in the US has sat back and watched for years. https://ripple.com/...

• @fifikobayashi Fiona Kobayashi on x

  Those of you saying the SEC suit on Ripple will not affect XRP, have a look at SEC's 2019 suit on KiK and it's effect on the KIN token in the lead up to the filing and over the ensuing 1.5 years. As noted by @katherineykwu it's the same play in terms of process and ugliness. http…

• @ahcastor Amy Castor on x

  Ripple says it plans to fight the SEC, but not sure how far that will go. There is a strong case to be made that XRP is a noncompliant securities offering. (Kik also said it was going to fight, but ended up settling with the regulator.) https://twitter.com/...

• @vcnetworkco @vcnetworkco on x

  With all due respect, I don't believe the SEC is after the innovation, they're after how the money was raised if it falls under the securities guidelines. Also, I don't think they're cherry-picking. These same rules have been regulating Brokerage Firms for years. https://twitter.…

• @paulhjossey Paul H Jossey on x

  Not sure how I feel ab this but it's interesting former #CFTC chief Giancarlo says it's not a security. If Ripple is smart they'll hire him for whatever he asks to be their lead negotiator. https://twitter.com/...

• @dan_murphy Dan Murphy on x

  #XRP: Currency or Security? SEC looks late to this party and potential lawsuit is oddly timed. Some might say more work needed globally to shape the regulatory environment in this space. #Ripple https://twitter.com/...

• @coindesk @coindesk on x

  2/ @Ripple knew that $XRP may fulfill the requirements of being a security, the @SEC_News complaint claims, saying the company received a pair of memos in 2012 from “an international law firm” which stated that there was some risk of this assessment. https://www.coindesk.com/...

• @kylesamani Kyle Samani on x

  What is it called when the CEO of a company that issued a useless asset - and has generated billions in profit from doing so - publicly and deliberately misrepresents the truth about the asset his company issued, and somewhat vaguely related assets? https://twitter.com/...

• @canteringclark Cantering Clark on x

  Ouch...This has to hurt some feelings. That being said, they were basically saying they were dumping on you before so why act surprised? $Xrp https://twitter.com/...

• @jaredctate @jaredctate on x

  While I am not an $XRP fan w/ your 100% pre-mine/issuance or whatever you call it (it's not decentralized) I am sure you have the $$ to fight this for years. You bring up a great point. #Ripple has cooperated & been open w/ gov since 2013. Why did it take almost 8 years for this?…

• @femisapien_z Femisapien on x

  SEC calling XRP a currency? Wow... https://twitter.com/...

• @cablecarcapital Jacob Ma-Weaver on x

  This guy *personally* netted over $150m from selling XRP and has the gall to act like the lawsuit is political. https://twitter.com/...

• @bgarlinghouse Brad Garlinghouse on x

  We know crypto and blockchain technologies aren't going anywhere. Ripple has and will continue to use XRP because it is the best digital asset for payments - speed, cost, scalability and energy efficiency. It's traded on 200+ exchanges globally and will continue to thrive. (2/3)

• @nathanielpopper Nathaniel Popper on x

  If the SEC wins its case most of the intended uses for XRP would presumably be eliminated given that it would become essentially impossible to use it as a currency. How much of the $22 billion in value currently tied up in XRP might that destroy?

• @ourielohayon Ouriel Ohayon on x

  We have been begged to support xrp. We always pushed back because there was a substantial risk. Today it was confirmed. https://twitter.com/...

• @jason @jason on x

  told y'all that $xrp was likely a scam. Started out promising, but a company printing & selling imaginary money with no utility sounds bonkers to me—if that's what this is Private companies have to play by the rules, Crypto shouldn't get a free pass. https://www.wsj.com/...

• @arrington Michael Arrington on x

  I stand with XRP https://twitter.com/...

• @nathanielpopper Nathaniel Popper on x

  Do any lawyers know what happens to the crypto exchanges that have been selling XRP if it is determined to be an unregistered security? Could they also get in trouble for selling unregistered securities? https://twitter.com/...

• @jason @jason on x

  QQ: At public companies stock transactions by executives are disclosed—is it the same at crypto companies? https://twitter.com/...

• @caitlinlong_ Caitlin Long on x

  FASCINATING-The SEC will be v important player in US #crypto in 2021 bc we'll finally learn (1) if a trust co is a #qualifiedcustodian & (2) which cryptos it thinks are securities (via S-1 comment process for @coinbase IPO) but for #XRP we may know sooner https://fortune.com/...

• @nathanielpopper Nathaniel Popper on x

  XRP has grown to be worth over $22 billion on the promise that it can be a new kind of currency. Today the SEC told Ripple that it believes it is not currency, but rather an unregistered security — and plans to sue to prove it. https://www.nytimes.com/... https://twitter.com/...

• @s_alderoty Stuart Alderoty on x

  Seeing lots of tweets spreading misinformation (legal and otherwise). Here are some facts: 1. First line of the SEC complaint alleges: “From at least 2013...” (years before the DAO Report). Yet the complaint was not filed for 7 years and the day before the Chair leaves office?!

• @s_alderoty Stuart Alderoty on x

  2. There are no “fraud” or “misrepresentation” claims. There is 1 legal question: Did certain of Ripple's distributions of XRP constitute an investment contract. We look forward to litigating that in Court and providing the industry the clarity it deserves.

• @s_alderoty Stuart Alderoty on x

  3. As always, the SEC cherry-picked and truncated the facts, quotes, etc. Ex: no mention that throughout 2018, Ripple's XRP sales represented only 0.095% to 0.43% of global XRP volume and in Q1 2019, those sales amounted to 0.22% of the overall trading volume.

• @360_trader @360_trader on x

  SEC destroying the finances of investors they are supposed to be protecting. You must be proud! $XRP #Ripple will see you in court. https://twitter.com/...