SEC vs Ripple. Telephone discovery conf. April 6th 2021 at 2pm.
Ripple joint motion to compel.
DIAL 1-877-402-9757
Access Code: 7938632#
Reminder: by LAW: "No one other than court officials shall make an audio or video."
SO ORDERED. -Judge Sarah Netburn
Enjoy!
Ripple joint motion to compel.
DIAL 1-877-402-9757
Access Code: 7938632#
Reminder: by LAW: "No one other than court officials shall make an audio or video."
SO ORDERED. -Judge Sarah Netburn
Enjoy!
In 1 hour 46 minutes.
Just joined. 150 people are in already. :)
LISTEN MODE ONLY. No need to mute.
LISTEN MODE ONLY. No need to mute.
They just asked to call back at 2PM. They cannot find the attorneys. Too many participants!!
OMG It's a scream fest!!!! Over 300 people... jumbled talking... WTH is going on!!
They just made everyone listen mode. Let's hope it can get started now.
Quiet now. It should start soon.
They are having a hard time finding the lawyers. Several hundred people on the line.
Lawyers have identified. Court reporter identified. Starting soon.
Judge has started intro.
Apparently, there are no cats on the call.
Judge has confirmed 500 people maxed on the call. They will check to increase it in the future.
HEAVY WARNING TO NOT RECORD AUDIO AND REBROADCAST THE CALL RECORDING.
Judge asking the SEC why BTC ETH assets cannot be discovered.
SEC arguing that XRP is NOT like BTC ETH. Now pivoted to another subject.
Judge interrupted to stop SEC from divulging sealed facts.
Judge interrupted to stop SEC from divulging sealed facts.
SEC saying BTC ETH are mined, while XRP is pre-mined. Says that BTC ETH miners do not gain profits?
Judge is pressing that BTC ETH decisions do not explain how XRP is not security or not? She is not happy.
SEC is on the defence. Dodged the question and pivoted to saying that they need to focus on XRP and not BTC ETH.
Judge is saying that maybe they should focus on XRP with Ripple and chris, brad and not the rest of the community. She wants to deem todays XRP as NOT a security. This is clear.
From what I understood, the SEC is citing cases that ALL XRP should be a security.
The SEC says there is no reason to look at BTC ETH.
The sec says it's not relevant to go beyond the 9 SEC insiders they agreed to.
The SEC says it would be a burden to look at all the requested communications.
The SEC says there is no relevance to internal communications in regards to XRP.
The SEC says it would be a burden to look at all the requested communications.
The SEC says there is no relevance to internal communications in regards to XRP.
The SEC says that searching for XRP internal communications would be irrelevant.
The SEC says that 10 other people that Ripple requested to get information from, are not needed for multiple reasons.
The SEC says that 10 other people that Ripple requested to get information from, are not needed for multiple reasons.
The SEC says former commissioners or chairs were not worth searching for information.
Ripple lawyer talking now. Says that 1934 law does not apply to todays new tech. (XRP)
Says BTC ETH were deemed not a security, Yet they had ICOs. Exactly what a security does to gather funds?
Says BTC ETH were deemed not a security, Yet they had ICOs. Exactly what a security does to gather funds?
Ripple says BTC ETH on how they were deemed not a security as important to know why XRP would be deemed a security.
Says the SEC is itself looking to compare XRP to other asset that were deemed securitys.
Says the SEC is itself looking to compare XRP to other asset that were deemed securitys.
Ripple says that XRP can compare to BTC ETH in certain cases.
Ripple says SEC has taken zero steps for clarity on how a crypto is not a security.
Ripple says they need to know why BTC ETH is not a security and how others are.
Ripple says SEC has taken zero steps for clarity on how a crypto is not a security.
Ripple says they need to know why BTC ETH is not a security and how others are.
Ripple says the SEC has taken 8 years to say that XRP was a security. They should have told Ripple that XRP was a security. Something they have never done.
Says meeting with exchanges and hedge funds, met with SEC asking if XRP was a security. After,
Says meeting with exchanges and hedge funds, met with SEC asking if XRP was a security. After,
they proceeded to list XRP. Showing that XRP was not in danger of being a security.
Ripple saying how SEC internal communications are important to show how XRP was or not a security. Something external communications would not show this. Meeting summary, emails, etc. are all important.
Likely to show that they were having a hard time showing that XRP was
Likely to show that they were having a hard time showing that XRP was
a security.
Ripple has a communication that 2 months before saying that XRP was a security, the SEC was unable to say if XRP was a security or not.
Ripple has a communication that 2 months before saying that XRP was a security, the SEC was unable to say if XRP was a security or not.
Ripple says the SEC is withholding information from relevant custodians to this case.
Talking about how Clayton dropped the lawsuit on the day he quit. Clayton saying that BTC ETH were not a security and yet XRP is. Causing massive damage to the XRP marketplace.
Talking about how Clayton dropped the lawsuit on the day he quit. Clayton saying that BTC ETH were not a security and yet XRP is. Causing massive damage to the XRP marketplace.
Ripple saying how BTC ETH was deemed not a security is not clear, on why they are not securities. They need to understand the factors on how BTC ETH was deemed not a security.
Brad lawyer defending Brad now.
Brad lawyer saying that todays XRP is CLEARLY not a security.
Brad lawyer says XRP has massive utility, compared to GRAM and KIK.
Chris Lawyer.
SEC was at the focus point to know if XRP was a security or not. Yet, they did not even know if XRP was a security or not.
SEC was at the focus point to know if XRP was a security or not. Yet, they did not even know if XRP was a security or not.
SEC talking.
On the defense, says the SEC should not be on trial.
On the defense, says the SEC should not be on trial.
SEC: Allowing discovery in BTC ETH would affect all other federal agencies. Saying it would even allow discovery into the defenses lawyers communications.
SEC: No reason to put SEC on trial for the way it acts normally.
Saying Ripple offered an ongoing security sell for 5 years.
Saying Ripple offered an ongoing security sell for 5 years.
BREAKING!!!!!!!
SEC lawyer: Saying the 2018 speech was not an official position that BTC and ETH was NOT a security.
BREAKING!!!!!!
SEC lawyer: Saying the 2018 speech was not an official position that BTC and ETH was NOT a security.
BREAKING!!!!!!
BREAKING!!!!
DISCOVERY BY RIPPLE INTO SEC BTC ETH XRP INTERNAL TO EXTERNAL INFORMATION HAS BEEN GRANTED
BREAKING!!!!!
DISCOVERY BY RIPPLE INTO SEC BTC ETH XRP INTERNAL TO EXTERNAL INFORMATION HAS BEEN GRANTED
BREAKING!!!!!
BREAKING!!!!
DISCOVERY BY RIPPLE INTO SEC ALL 19 CUSTODIANS HAS BEEN GRANTED
BREAKING!!!!!
DISCOVERY BY RIPPLE INTO SEC ALL 19 CUSTODIANS HAS BEEN GRANTED
BREAKING!!!!!
BREAKING!!!!
DISCOVERY BY RIPPLE INTO SEC INTERNAL/INTERNAL COMMUNICATIONS HAS BEEN DENIED
BREAKING!!!!!
DISCOVERY BY RIPPLE INTO SEC INTERNAL/INTERNAL COMMUNICATIONS HAS BEEN DENIED
BREAKING!!!!!
The call has ended.
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