Community Trust ScoreVerified
Brad Garlinghouse expressed: “In 2018 Bill Hinman said ETH isn’t a security and Jay Clayton agreed. But just weeks ago, Hinman filed an affidavit in Court saying the SEC still has “not taken any position or expressed a view” on ETH’s status…so how is the market supposed to have clarity?”
The frustration in Brad’s statement is obvious, and the community were like, “Destroy them, Brad.”
It just is very obvious that the SEC is corrupt, and everyone can see it clearly. But, why has it gone so quiet? It’s like the courts dare not order the SEC to do anything or enforce orders. So, the SEC is just doing what it wants and getting away with it—finding it quite frustrating.
Everyone will understand what you were talking about when you said that “the attack on Ripple was actually an attack on the industry.”
While Gensler had more understanding of crypto and the bigger picture at stake, he just proved that the “power” of the SEC comes first a lot before investor’s protection, before the development of a new industry. It is just a political game of power for them. Gensler refusing to acknowledge facts speaks volumes about how he will approach his time as the SEC chair. The SEC is making it an easy decision for companies who are wishing to enter the blockchain or the digital asset space. The logic is to simply avoid the U.S. and flourish elsewhere.
It just looks like Bill Hinman’s employers and various connections benefited hugely from his statement.
Someone who is very intrigued asked: Okay, let’s say that you’re right: the SEC is corrupt. How is it in their interest to act the way they are? The reply: They made a shit ton of money from Ether and bitcoin. They are tied in with Alibaba and Alipay.
The XRP community firmly believes that BTC and ETH are front runners because people thought they had clarity. Once XRP has clarity, they are sure the competition is going to be insane. Ripple is making ordinary people’s dreams come true with their tech and vision. Ripple is threatening to disrupt the corrupt system.
In Japan, they talk about a revolution in financial services. The West is so far behind that it doesn’t even know it’s behind. There is the infrastructure bill, and it just goes to show that the U.S. government can’t do anything right. Time for Ripple to move to a country that will welcome the crypto revolution. Several countries have XRP armies willing to support!
Hub: XRP price, news, and analysis
