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20 sats \ 3 replies \ @Cje95 OP 7 Oct 2024 \ parent \ on: Coinbase's Talks With TradFi Firms Pick Up as Crypto Becomes More Bipartisan Politics_And_Law
Going overseas still leaves US customers exposed just look at FTX. Even if all the centralized exchanges delist then DeFi just fills the place.
Talking to people on The Hill the SEC is screwed with Ripple and isn’t going to win. I will throw you a bone and say they do win… well they have spent more money on that then they could recover so they wasted tax payer dollars by being bad at their jobs.
There internal notes made them an embarrassment and let’s not forget when the 5 SEC Commissioners testified and they themselves said that there isn’t a clear and concise message from the Chair. I might be a Republican but Richie Torres’s D-NY made Gensler a fool with his Pokémon card question and went it became a security.
Personally I have no issue if all the centralized exchanges de-list them all. Then people can do their 'defi' and their 'dexes'... and get the tokens that way. My guess however is that they overwhelmingly won't and they disappear.
The fact that the names XRP and Ripple are synonymous is just absurd - they are basically interchangeable.
Great then they are overseas... they cannot legally serve US customers then. If they do so anyway then that's a different issue, but they cannot legally do so (binance comes to mind).
At the end of the day if people want to buy the ripple coin then ok well then good luck to them. But then why not the walmart coin, the microsoft coin, the intel coin, the dog store coin... because THOSE ARE STOCKS. LOL
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Finance got caught letting US citizens trade as well so… again going overseas does not work. It was part of the $4bil fine lmao
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Well keep fining them. I think we've talked over this long enough - I even made another post on it I think it's a really important sticking point.
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