SEC vs. RIPPLE/ XRP ... Round 1

So, first of all I am not a legal expert, I am not a financial advisor, I am VERY biased, but is this NOT a great time to be alive ! ! ! Alive and kicking, noticing what is going on in the crypto atmosphere.

I woke up this morning knowing it was February 22nd. Just another day ? ? ? Just another 22nd day of the month that was following the 21st day ? ? NO, not whatsoever. So, what was so special about it.

  1. SEC v Ripple pretrial conference
  2. Woke up with a massive Green XRP market ....

So, that first point, pretrial, what was I thinking ? ? ? Absolutely nothing. As it is a pretrial, more than likely dates were discussed with each other, sharing documents, Ethereum, Bitcoin not being securities, that is all. No Settlement, no W, no L, just “PRE”trial ... I heard the buzz ..... it is going to happen, but I was NOT expecting it to happen, what the buzz was saying what was going to happen ! !

Woke up with the massive green. Just happy about being green. I know, doesn't say anything what the day holds, it just is a nice waking up and wow not celebrate the small things in life also.

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Did not see this for a long time and wanted to do something with it, hence the tweet ! ! !

So, all day XRP was up and down, more up than down, but up and down. Depending what exchange/ paring you are using, but it went from 51 cents to 64 cents and volatility in between. Nice day, long green candles and ..... red ones going down again. A buzz was felt. Maybe not correct, haters where using CT once again to ridicule the Community and Community well, it went from crazy crazy to ..... crazy crazy :–) Still, it is a lot of fun reading it, reading what people think is going to happen and what the general thought was going to be following the pretrial.

In the afternoon the first rumours came out: Ripple had been the winner, SEC sharing with exchanges in 2019 not to worry about XRP, not a security, XRP to the Moon, Ripple victory ..... so all noses were in the same directions, but it sounded a little over the top. This is a serious matter and some headlines were just not cutting it.

The pretrial, you were able to follow it by phone, but could not record it ..... oh boy ! ! !

Both parties were able to tell the judge “their story” in just a couple minutes.

Going Long is an important statement, made by Brad Garlinghouse, the SEC cannot put in one sentence with all the Crypto Selling done by him. That is the heavy hitter, the SEC is going to use in this trial, in my opinion, hearing the pre trial ...

Ripple took more time showing XRP and Ripple are two different things, and Ripple does not promote XRP the way the SEC says they do. This has been all said before, but the biggest argument Ripple made is that the SEC has stated in 2019, that XRP is NOT a security; one / more exchange(s) were allowed to sell XRP in other words, XRP is NOT a security, as crypto exchanges need specific paperwork to be able to sell securities. So saying one thing (NOT a security) and doing another (suing) not too strong.

This all sounds it is pointing towards a positive outcome for Ripple, but you have to be careful, as you read things differently than they maybe are. You want to read things a particular way, but like me, there are a lot of NON-Lawyers in the XRPCommunity and based on being an investor, you may jump to the wrong conclusion. Yes, it sounds Ripple strong, but I cannot back it with facts.

Let's wait a little longer, let them “fight” it in court and get an answer.

Am I negative ? ? ?

No, not at all ! ! !

Am I positive ? ? ?

If I have to be choose one direction, yes more positive than negative ! ! ! Let's wait and see, what is going to happen. At the moment I just enjoy the green, but I am always aware of the buy the rumour and sell the news.

I am not positive, I am not negative, I am realistic

This needs to be battled in court ! ! !

The weather has been nice, and I have had a great day.

**STAY SAFE ! ! !

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