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PATIENCE IS A VIRTUE
It would appear the new system requires asset backed physical money digital assets and commodities all used as on and off ramps increasing money velocity in a tokenized economy
The US has stalled as long as possible in order to maintain the USD as the
It would appear the new system requires asset backed physical money digital assets and commodities all used as on and off ramps increasing money velocity in a tokenized economy
The US has stalled as long as possible in order to maintain the USD as the
world reserve currency but China& #39;s recent actions
( digital Yuan ) have made digital asset regulations a priority in Congress recently
They realize China will enjoy first movers advantage if they do not act but they also need
to protect the dollar system they have enjoyed
( digital Yuan ) have made digital asset regulations a priority in Congress recently
They realize China will enjoy first movers advantage if they do not act but they also need
to protect the dollar system they have enjoyed
ONE way to do that would be to attack speculation and volatility at the general public level of investment by declaring the masses incapable of discerning information independently without incurring economic harm to oneself accreditation will be required to buy thru regulation
They could also designate digital assets shown to be decentralized and are mined in real time as digital asset commodities as well as digital assets controlled by a single entity and premined as being digital asset securities
CBDCs will obviously be designated as virtual currencies and assets such as Flare in my opinion will be a permitted sort of hybrid
New projects will fall under the "Safe Harbors Act"
Existing assets will likely be grandfathered in under the designations listed above
New projects will fall under the "Safe Harbors Act"
Existing assets will likely be grandfathered in under the designations listed above
Why does it seem 
https://abs.twimg.com/emoji/v2/... draggable="false" alt="đź‘‘" title="Krone" aria-label="Emoji: Krone">XRP is being attacked while other projects such as BTC and ETH have seemingly a free pass ?
The truth is neither BTC or ETH are a threat to the sovereign currencies of the world
https://abs.twimg.com/emoji/v2/... draggable="false" alt="đź‘‘" title="Krone" aria-label="Emoji: Krone">XRP is ....so they must establish a framework that protects currencies first
The truth is neither BTC or ETH are a threat to the sovereign currencies of the world
BTC will be regulated using AML and KYC requirements
and all that entails as well ETH will eventually be sued by the SEC and will likely have to eventually pay fines for the ICO offering which shows they sold unregistered securities
and all that entails as well ETH will eventually be sued by the SEC and will likely have to eventually pay fines for the ICO offering which shows they sold unregistered securities
..and finally https://abs.twimg.com/emoji/v2/... draggable="false" alt="đź‘‘" title="Krone" aria-label="Emoji: Krone">XRP if I& #39;m correct will likely be designated a digital asset security due to the over 50% control of the asset by Ripple as well as it being premined
Governments will not allow private money to be issued or to compete with their sovereign currencies unless pegged
Governments will not allow private money to be issued or to compete with their sovereign currencies unless pegged
Ripple has repeatedly expressed retail investors are not their target customers
Perhaps they were advised early on private virtual currencies would never be allowed to compete on a wide scale so as a business model they focused on banks and large monetary institutions
Perhaps they were advised early on private virtual currencies would never be allowed to compete on a wide scale so as a business model they focused on banks and large monetary institutions
and would be given time to build the IOV before they face litigation from the SEC which would be used to introduce and implement regulations
How does a US fintech continue to sellhttps://abs.twimg.com/emoji/v2/... draggable="false" alt="đź‘‘" title="Krone" aria-label="Emoji: Krone">XRP abroad and to monetary institutions while avoiding litigation from the SEC if
their
How does a US fintech continue to sell
their
native token is designated a security ?
Ripple has established an LLC in Wyoming
The state of Wyoming allows what are called SPDI& #39;s
It stands for Special Purpose Depository Institution capable of operating as a custodian
of digital assets outside of the jurisdiction of the SEC
Ripple has established an LLC in Wyoming
The state of Wyoming allows what are called SPDI& #39;s
It stands for Special Purpose Depository Institution capable of operating as a custodian
of digital assets outside of the jurisdiction of the SEC
An SPDI could release digital assets to an exchange with regulatory approval to list security tokens such as coinbase
Ripple could then remain US based as long as
https://abs.twimg.com/emoji/v2/... draggable="false" alt="đź‘‘" title="Krone" aria-label="Emoji: Krone">XRP is not sold to the general public in the US as that would be the SEC& #39;s jurisdiction
Ripple could then remain US based as long as
XRP is not sold to the general public in the US as that would be the SEC& #39;s jurisdiction" title="An SPDI could release digital assets to an exchange with regulatory approval to list security tokens such as coinbase Ripple could then remain US based as long as https://abs.twimg.com/emoji/v2/... draggable="false" alt="đź‘‘" title="Krone" aria-label="Emoji: Krone">XRP is not sold to the general public in the US as that would be the SEC& #39;s jurisdiction">
XRP is not sold to the general public in the US as that would be the SEC& #39;s jurisdiction" title="An SPDI could release digital assets to an exchange with regulatory approval to list security tokens such as coinbase Ripple could then remain US based as long as https://abs.twimg.com/emoji/v2/... draggable="false" alt="đź‘‘" title="Krone" aria-label="Emoji: Krone">XRP is not sold to the general public in the US as that would be the SEC& #39;s jurisdiction">
Everyone then gets what they want
US currency is protected
Ripple remains viable if not stronger
https://abs.twimg.com/emoji/v2/... draggable="false" alt="đź‘‘" title="Krone" aria-label="Emoji: Krone">XRP can now be adopted institutionally
The price of the digital asset can now appreciate
Value can be offloaded using USDC and eventually FUSD and FEDcoin
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🙏" title="Gefaltete Hände" aria-label="Emoji: Gefaltete Hände">
US currency is protected
Ripple remains viable if not stronger
The price of the digital asset can now appreciate
Value can be offloaded using USDC and eventually FUSD and FEDcoin
