Ripple Daily Discussion Thread 07/19/21 [Join FlareXRP Discord] - https://discord.gg/FlareXRP |
| Daily Discussion Thread 07/19/21 [Join FlareXRP Discord] - https://discord.gg/FlareXRP Posted: 18 Jul 2021 09:00 PM PDT Hello! Welcome to our daily discussion thread. Discuss anything related to XRP, Flare Network, and Flare Finance. Read r/Ripple sub rules before posting and check out the thread containing helpful links: https://redd.it/7l94ng XRP Subbreddit Flare Network Subbreddit https://www.reddit.com/r/FlareNetwork/ >>> Join FlareXRP Discord: discord.gg/FlareXRP This is a public Discord server with over 16k members and growing.
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| Posted: 18 Jul 2021 02:52 AM PDT We all know by now that judge Netburn ordered Hinman's deposition to take place. She made two concessions: subjects to be discussed / addressed will be framed, and instead of taking place tomorrow, it was postponed to the 27th July at SEC's request. Most of us have also watched Hinman's speech, and know how bad it bodes for the SEC in the present case, but also for all future crypto lawsuits. Most observers also suspect there is much worse to come out of this deposition. We do not know what, but we know that the SEC knows that Ripple and its lawyers know exactly what to look for. Keep in mind Ripple have hired former SEC executives. Right now, the SEC is in the position of the guy with the head resting on the guillotine, waiting for the blade to come down on the 27th, the odds of which could be somewhere around 50/50. But even if the blade does not come down on the 27th, there are big chances it will come down at a later stage. Keep in mind the SEC is yet to provide all the documents requested by the judge, which are probably about as toxic. Now, if we tell our guy with the head resting on the guillotine: here is the deal, instead of your head next week or at a later stage, we can offer you to chop off one of your arms and you are free to go. What would he chose? It makes sense to me that the SEC will try all they can to avoid this deposition, and the only option left is a settlement during the week to come. It is legitimate to think that Ripple would be favorable to it. They have repetitively mentioned that they support the implementation of a regulatory framework (personally I would advocate for a third commission, peer to the SEC and the CFTC, 100% dedicated to cryptos), and they are now in the strongest position they have ever been in. Discussions might even have already started taking place weeks ago, behind the scenes. [link] [comments]  |
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