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14 Jan, 5 tweets, 2 min read
#SEC case against #Ripple is not dropped no matter what you are hearing. They progressed today by appointing attorneys to represent the defendants. The case is not marked as terminated on the court docket either. You can look this up yourself, and get an account to search SDNY.
Contacts removed for their security from trolls. Image
Progress made this far. Image
pacermonitor.com/public/case/37… free to see the summary at this website, don't pay the $40 fee though you can get the info on the actual pacer website cheaper.
Case updated 1 hour ago. Image

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More from @JTheAccountant

TheAccountant Profile picture
16 Jan
#Ripple #SEC suit charges them with violating the registration provisions of the Securities Act of 1933. Securities Act of 1933 provides for fines not to exceed $10,000 and a prison term not to exceed five years, or both, for willful violations of any provisions of the act. 1/3 Image
This case has "Securities Fraud" listed as the cause. The Judge determines the sentancing after evidence has been presented. ELI5 from ABA below americanbar.org/groups/public_….) 2/3
To those saying this is a "Civil case" and not a "criminal" one that could end up with imprisonment of individuals you are wrong. The Securities act of 1933 specifically leaves that as a possibility. I'll continue to provide you an honest take on #XRP, #Ripple and what's ahead.
Read 4 tweets
TheAccountant Profile picture
14 Jan
When I rebuttal someone on twitter about #Shilling and #False information I picture them being this type of person. #RespectThePump #CryptoIsAReligion #AltcoinsAreOurGods #InItForThe💸 😂 #WhatTheHellDidIJustWatch?
I'm all about this #Pump
Read 4 tweets
TheAccountant Profile picture
26 Dec 20
Common sense- if an individual thinks they'll need money in the next 12 months, due to economic uncertainty(COVID,lockdowns,SEC) they should convert to USD or their national currency to pay their predefined debt (mortgage, car pmts, etc...) Don't use #Crytpo as a bank account.1/6
I fully expect 2021 to be a more crazy year than 2020 for the markets and local economys.Biden Tax increases are coming at a time when they will do the most damage to individuals. Unemployment is very high in USA (even for the rigged metrics). Increase to corporate taxes only 2/6
Hurts the little guys (start ups, mom and pops) who reap their sole wellbeing from their own labor. Minimum wage increases further ruins their ability since they lack the economy of scale granted to large corps/franchises. They will be priced out of the market due to gov. 3/6
Read 6 tweets
TheAccountant Profile picture
25 Dec 20
This is now a competitive advantage for #ripple, further their entire management team has been working with #SEC, #banks, and governance teams for years. Another advantage. I'm hard pressed to think they are not comfortable with each other at this point in the game. Not #Libra 6/
We literally supply the world with US dollars. A strong dollar is having bad effects for other countries (World is in a global recession, soon to be a great depression here if we keep printing the world's currency). Why? The dollar is weakening, and that's not good for 2/
us as importers ( weak dollar = paying more for goods imported to USA). How do you solve this issue? When demand for dollars is high, but US production is low, and we import a majority of our goods and you don't want to ruin your economy to benefit another? 3/
Read 10 tweets
TheAccountant Profile picture
8 Dec 20
There are a lot of people currently afraid of the impending regulatory clarity from @USOCC Brian Brooks and the Office of the Comptroller of the Currency (OCC). #cryptocurrency = wild west since 2009, we've witnessed extraordinary growth, and extraordinary amounts of fraud.
#Cryptsy #MtGox exchanges closed down, stole individuals account balances, and employees fled countries only for the individuals to have little recourse under local and international laws. 11 years later, many individuals losing it all we're getting clarity, and that is exciting.
You see like many people I've talked Crypto to family, friends, colleagues, and strangers since 2009. Every year brought exciting innovation #Ethereum, #Bitcoin #SegWit, #XRP, #Ripple. It also brought fraud #PinCoin #iFan #Bitconnect, and moral impediments #SilkRoad stopping any
Read 15 tweets

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