Thread by @IrishTiger15

#XRPCommunity (My current understanding ) Tomorrows SEC VS Ripple hearing in NYC is important. (we can dial-in to listen at 8pm Irish time) Judge Sarah Netburn has called a hearing to literally ‘lay the law down’ to the SEC who have downright refused 4 times already to 1/25

disclose the 68 emails that were communicated to and from SEC staff attaching and receiving comments on Hinman’s draft June 2018 speech that ultimately gave ETHEREUM the “free pass” by him asserting it was NOT a security. The INITIAL grounds CITED for the SEC’s refusal 2/25

to disclose these emails was that they are protected by DPP ( Deliberative Process Privilege) Now, most recently, the SEC have completely changed their defence citing a hybrid “Attorney Client Privilege” defence. The legal stance is untenable and everyone knows it. 3/25

The Judge has already seen ‘in-camera’ ( privately ) 10 of the emails and has some idea but she’s not seen all of them, and it may be that she orders the residual 58 for in-camera’ review before ruling & ordering immediate disclosure of the 68 emails (again) 4/25

But this to me is all about time-wasting in progressing this case and the question is why are the SEC wasting time? ( I’ll come back to that later because part of the Judges agreement to SEC motions delaying proceedings is to make doubly sure 5/25

any appeal will be most likely futile) Twitter Commentators have uncovered legal (Perkins Coie) opinion that the SEC received, ( and ignored) that all crypto currency’s bought by investors ( like us) begin life as securities, but once the ledger they are connected to 6/25

becomes “decentralised” the coins change and become digital assets or commodities and are thus regulated by the Commodities Commission and NOT the SEC ( Securities commission) Hinman’s speech identified that Ethereum had reached a decentralised state, and was therefore 7/25

not a security. Ripple at that time was precisely in the same boat as Ethereum as it had also reached a “decentralised state” but XRP was not actually mentioned in the Hinman 2018 speech. The precedent however was apparently “set” as to the criteria the SEC were adopting 8/25

to determine when a crypto centralised security changed and becomes a decentralised commodity. However, what happened on the last day of SEC Chairman Jay Clayton’s tenure, that fucker took aim and served a devastating lawsuit on Ripple on his way out the door and XRP’s 9/25

price plummeted and they lost a critical partnership with Moneygram to catapult Ripple XRP to the next level of cross border settlement. ( that’s why we are all here because that law suit grabbed my attention ! ) XRP community commentators on Twitter suspect that within 10/25

those 68 emails is evidence that Ripple XRP was expressly stated to be centralised and therefore NOT a security. This evidence I’d disclosed will immediately KILL the entire SEC v Ripple Law suit, and the price of XRP will rocket 🚀. 11/25

I said if come back to why the lawsuit time wasting by the SEC is so relevant. The following has been uncovered in what has become known as “#Ethgate” Both Jay Clayton and Bill Hinman were subsequently employed and received $Millions in payouts from organisations 12/25

who benefitted from what has become known as the “Ethereum free path speech” Ethereum is an excellent ‘smart contract’ fin-tech crypto company ( financial technological platform) that is being used successfully by other “Applications” 13/25

who are growing and evolving in the new 4th industrial revolution market ( the internet of value) One such suite of applications is Partior, Quorum & Onyx ( all owned and funded by JP Morgan ) these applications run on the Ethereum smart contract blockchain 14/25

and are currently still under development to COMPETE with the brilliance of the Ripple XRPL for Global Cross border payments market. In other words, the big banks don’t want Ripple XRP as a transparent decentralised new ‘boy scout’ technology 15/25

pushing the big banks out of a market they have dominated gaining untold power & wealth for 500 years ( since 1464 when the 1st bank was established in Italy). It would appear JP Morgan literally placed Jay Clayton and Bill Hinman ( and now Gary Gensler) 16/25

in to the SEC to literally “take out” Ripple ! But JP Morgan have hit a Fuck’n savage bump in the road! Ethereum doesn’t scale ! ( i.e. Ethereum doesn’t work! 😂)The greedy corrupt bastards backed the wrong crypto! ) After all their scheming, Ethereum 1.0 17/25

(by recent admission of it founder Vitalik Buterin) to be only a ‘prototype’ and not capable of being used by the JP Morgan cross border applications - Ethereum 2.0 is now being worked upon (in a panic) to try and solve the scaling and POW problem but 18/25

it needs time to complete ( probably another 3 years ) that, I’m suggesting, is the SEC’s instructed motive to slow down this lawsuit , to stop Ripple getting critical traction and leaving the big-banks behind. ( what did you expect the big bank to do? 19/25

Lie down and give it all up! No fucking way, they were always going to fight dirty) But delaying Ripple is not working, Ripple have exploded on the Global markets opening new corridors for cross border payment transaction every week 20/25

and are going from strength to strength despite the law suit. BIS However, ( the bank of international settlement who has 60+ Central banks of the world as members ) are running the “Dunbar Project” which is essentially is two technology workshops trying to perfect 21/25

a platform to compete against Ripple XRP (One of those platform is JP Morgan’s Partior ☝️ ) ( the other is R3 Corda which runs on XDC) in my view R3 Corda is the real threat to Ripple and that’s why time wasting on this lawsuit remains a concern. Ripple XRP works already 22/25

and is being adopted around the world - but to catapult its self we need to be free from the SEC lawsuit. Senior officers of the SEC have been corrupted by the banks and have been discovered by the XRP Twitter Global community and the evidence accumulated is overwhelming, 23/25

but nothing has been done YET to investigate #Ethgate. Fortunately, We have two excellent NYC Judges in Netburn and Torres ( 3rd generation Mexican Judge, her Dad and Grandfather were also Judges and she is known for not taking crap from the SEC) 24/25

- but we are against the clock - we ( Ripple XRP )need this case to be over, and it will be over, with or without the 68 emails as summary Judgement on a lack of fair notice is due come hell of high water by March 2023. 25/25

(Ref Tweet 1/25 above) Judge Netburn laid the law down, cleanly and clearly this evening - the SEC’s lawyer was unconvincing and appeared not to persuade the Judge. A good hearing for #XRP and Sarah Netburn will rule shortly. ( BTW, Ripple’s Lawyer was superb )