The @SEC_Enforcement is in utter disarray. As many know, Acting Chairwoman Alison Herren Lee published her directive that conditional settlement offers would no longer be considered when negotiating potential settlements. The next day, @HesterPeirce and Elad Roisman published
a letter publicly disagreeing with Herren Lee and arguing that conditional settlement offers are necessary in achieving fair and adequate resolutions.
Recently, the public received a Risk Alert published by the @SEC_News. For those that didn’t et a chance to review the Risk
Alert, I have included my scathing review. The bottom line is that Gary Gensler is, arguably, the most important SEC Chairman appointment in U.S. history. He is walking into a publicly divided Commission. His predecessor, Jay Clayton, dropped the most significant SEC enforcement
CRYPTOCURRENCY AND DIGITAL ASSET HOLDERS PLEASE BE ADVISED
Today, I am launching CryptoLaw (crypto-law.us) The new site is filled with information, news and analysis on key U.S. legal and regulatory developments for investors & digital asset holders.
Many of you
have asked me if there is anything that you can do to support my efforts. First and foremost, I truly appreciate everyone of you that have made such generous offers to assist me.
If you could please check out CryptoLaw above and follow us on Twitter at @CryptoLawUS it would
make a significant contribution in generating attention to our cause. We launched today because of the confirmation hearing of Gary Gensler tomorrow. There is very little communication between the Digital Asset Industry and the law-makers that govern the industry.
Anyone who truly believes in Digital Assets and what the space potentially represents for a revolutionary future should want #Bitcoin to succeed (even if you despise #BTC). #BTC has found it’s purpose.
#XRPHOLDERS vs. U.S. SECURITIES & EXCHANGE COMMISSION
NOTICE OF PENDING LEGAL ACTION
#XRPCOMMUNITY PLEASE FORWARD TO ANY #XRPHOLDER WHO OWNS #XRP AND WISHES TO JOIN IN THE CLASS ACTION LAWSUIT TO BE FILED AGAINST THE SEC
Please be advised that, after I file the lawsuit
I must demonstrate to the Court that I am able to notify the potential members of the class in order to have the case be certified as a class action lawsuit. Pursuant to the Federal Rules:
“The notice may be by one or more of the following: United States mail, electronic means,
or other appropriate means.”
One viable means today is the use of social media. Obviously, Twitter is not going to serve as the only means of communicating to potential members of the class action. But it definitely serves as a good starting point. There are other means
I’ve warned the #Bitcoin Maxis that not even the King 👑 of Crypto #BTC is safe from an out of controlled scared government. I share the views of @RaoulGMI and others about ending the Crypto Tribalism that permeates the Digital Asset industry. A united crypto community is
necessary to withstand the attacks from the outside world, especially from government. Many of you saw my immediate reaction when @HesterPeirce tweeted the 🚨 RISK ALERT 🚨 above and requested feedback. After reviewing it more carefully, I was hoping to find something positive.
Below is the theory that Clayton, on his way out of the door at the @SEC_Enforcement, sent a big f**k you to @Ripple@bgarlinghouse and @chrislarsensf because he was sick and tired of the reach that Ripple had with important Politicians. Ripple got the attention of Senators,
Congressmen, and National Security Advisors. I’ve personally been involved with and witnessed how you get the attention of Politicians: 💰
According to @Cointelegraph, “Ripple Labs spent $690,000 on lobbying in the United States in 2020. Ripple's lobbying program dwarfed those
of other firms in the crypto industry. Coinbase, which looks to become the first American crypto exchange to issue public shares, spent $230,000 over the same year, while other exchanges like @binance@Gemini and @krakenfx . did not report any spending on lobbying.”
Based on the recent revelations coming from the PreTrial Hearing articulated by @XRPcryptowolf, I intend to repost my Tweet Threads discussing the possible corrupt motives behind Jay Clayton authorizing the @SEC_Enforcement action against @Ripple,
Please understand that the possible alternative corrupt motives that I discuss isn’t me just Tweeting things that people want to hear or for attention - as a few have claimed. The corrupt alternative motives I discuss in my tweets are actually
contained in my Petition for Writ of Mandamus and Memorandum of Support that I
FILED IN FEDERAL COURT.
So, to my critics, I’m not tweeting or saying anything that I’m not willing to say ON THE RECORD in OPEN COURT to a federal judge.