(1/8) Uphold hopes that due process resolution to the SEC/Ripple dispute can both set the goalposts for token offerings going forward, as well as clear the fogbank of uncertainty that now presumably settles over the Stellars and Filecoins of the world, if not ETH itself.
(2/8) The SEC is a lion in the service of protecting consumers and stopping bad actors, but the Ripple Complaint presents various conundrums: What if punishing the actions of a couple of parties not only directly harms XRP holders...
(3/8) (most of whom probably assumed tacit approval after seven years of inaction), but also threatens to harm participants in similar projects. as well as virtually assure that the US will not be home to Silicon Valley II, by rights - the US's to own.
(4/8) Can something be born a security and metamorphosize into something else? How is" invoking billion dollar losses for innocent third parties", as an ex Comissioner of the SEC recently put it, in the interest of protecting consumers?
(5/8) We work in the most exciting industry of our day. This truly is the second coming of the Internet. As with all human activity, there are the well intentioned, the criminal and the crazy. But, most importantly, there are the innovators. The agents of all human progress.
(6/8) Perhaps the innovator in question poked the lion and got swatted. Now we have to see whether the lion gets up and finishes the job, or returns its attention to more likely (and deserving) next meals. It's this next action that holds the promise of providing...
(7/8) the clarity we're all hoping for. Meanwhile, we'll tiptoe in the fog, listening to the party happening in the panda enclosure, and the amusingly bitchy schadenfreude of some of our colleagues.
(8/8) Uphold will continue to list XRP until and unless the Complaint is adjudicated against Ripple - specifically citing that XRP is, today, a security, or trading volume dissipates to a point where we can no longer support.
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