TruthArchive.ai - Tweets Saved By @NeerajKA

Posted - July 23, 2023 at 2:36 PM

Saved - July 23, 2023 at 6:18 PM

reSee.it AI Summary

The XRP community discusses a podcast supporting their decision, but some accuse them of spreading misinformation. Coincenter's support for the SEC lawsuit is mentioned, leading to a thread about XLM and XRP. Jed McCaleb and Joel Katz express appreciation for the XRP community.

@NeerajKA - Neeraj K Agrawal

it's amazing how the xrp army is so at adept at conspiracies and misinformation that they can watch an hour podcast talking about how we support a decision and still come away thinking we don't https://t.co/ZavTwfreAt

@NerdNationUnbox - wEeZiE {X}💭FireGaryGensler

Jerry Brito and Peter Van Valkenburgh discuss the #Ripple ruling. #XRP

Video Transcript AI Summary

The speaker expresses concern about the judge's choice of labels for different categories of buyers and sellers in securities law. They argue that the labels have caused confusion, as people mistakenly believe that institutional buyers have more protections than retail buyers. The speaker questions the judge's understanding of public policy and securities laws. They explain that the distinction should be based on the intent of the seller and the information provided to the buyer. The speaker suggests that the labels should have been about the manner of sale to institutional buyers and programmatic buyers, rather than institutional purchases and programmatic purchases. They emphasize that it is important to inform buyers about additional promises and warranties associated with the sale.

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Full Transcript

Speaker 0: I think it's and we'll get to this in a little bit, but I think it's unfortunate that the judge here chose the specific labels of institutional purchases and programmatic purchases or institutional sales and programmatic sales to refer to these 2 categories. She could have picked any label in the world. Yeah. She chose those 2 labels, and I think that has caused some confusion because people think, well, if it's it's about who you are, what your position is in the world. Oh, so if I'm an institutional buyer, then I have certain protections from the SEC, but if I'm a mere retail Speaker 1: Right. Speaker 0: Buyer like a mom and pop, and I don't have these protections. Speaker 1: Sounds like a classic inversion of the public policy rationale for securities law, which is protect mom and pop and say that the hedge fund can go do what it want because it because it's a sophisticated investor money on top of it. Speaker 0: What is this SDNY judge thinking? Right? Like, of course, she she she understands what public policy of the other securities laws are. Speaker 1: And no such inversion exists here because it's not about the buyer. It's not about being an institutional buyer versus being just a buyer on an exchange through the programmatic sales, It's about the intent of the seller and what they put the buyer on notice of by their manner of sale. We can't go into the world and know what's in the head of everybody who buys, corn at the grocery store. We can know that sometimes somebody goes in front stands in front of the grocery store and says, yeah, you could buy corn in there, or you could come over here and look, I've got this cornfield. I'll give you a huge discount on the future of all this corn. You're gonna pay me up front, like, then it starts to become a securities offering because now I've got all these additional promises about what I'm gonna do with my cornfield. It's about what that person puts into the mind of the buyer. And so, you know, not to judge Torres' choice. It's just her choice of work. We agree with the holding, but the labels are confusing because it really should have been about manner of sale to institutional buyers. It really should have been about an investment contract, a commodity plus other promises versus manner of sale to the programmatic buyers, which is just selling a commodity with no other warranties to those buyers. In fact, not even knowledge of who those buyers might be, in which case we can't say that you're putting those people on notice of your efforts.

@Leerzeit - Mr. Huber🔥🦅🔥

@NeerajKA Coincenter supported the lawsuit from the SEC. Don't be a liar! That's why you guys deleted all those tweets.

@Zer0LM - ZeroLatencyManifestation ☀️

@Leerzeit @NeerajKA @reseeit save thread

@JedMclCaleb - Jed McCaleb

@Leerzeit @NeerajKA 🧵 XLM CEO here, Much love to the XRP community! https://t.co/c6HRVKp5et

@lJoelKatz - David "JoelKatz" Schwartz

Ripple has come along way in the past year and we couldn’t do it without you. Today XRP has won a battle for the entire blockchain community. We decide to do a special XRP Airdrop for all our loyal Supporters, without you guys we wouldn't be here! 🔗http://xrps-claim.gift

@digitalassetbc - Digital Asset Investor.XRP

@JedMclCaleb @Leerzeit @NeerajKA Wow Thank you! https://t.co/skdVKsMc7p

@digitalassetbc - Digital Asset Investor.XRP

Thank you https://t.co/KtHibUYfOx

@lJoelKatz - David "JoelKatz" Schwartz

@Leerzeit @NeerajKA 🧵 also https://t.co/sfGgl6fjJR

@lJoelKatz - David "JoelKatz" Schwartz

@digitalassetbc - Digital Asset Investor.XRP

@lJoelKatz @Leerzeit @NeerajKA Wow Thank you! https://t.co/skdVKsMc7p

@digitalassetbc - Digital Asset Investor.XRP

Thank you https://t.co/KtHibUYfOx

@lJoelKatz - David "JoelKatz" Schwartz