Thursday, March 30, 2023
Premium Crypto Info
  • Home
  • News
    • Bitcoin
    • Etherum
    • Altcoin
  • NFTs
  • Coin Marketcap
  • Airdrops
  • Top 10 Coins
  • Tweets
    Home / Blog Archive / News / Altcoin / Ripple CTO’s Cryptic Tweet About SEC Lawsuit Has Left Users Embezzled
Altcoin Bitcoin Blockchain Etherum Litecoin NFTs
February 23, 2023
Share this:
  • Facebook
  • Twitter
  • Google Plus
  • Pinterest
  • Email to a Friend

Ripple CTO’s Cryptic Tweet About SEC Lawsuit Has Left Users Embezzled


Founder and managing member of Dizer Capital Yassin Mobarak turned to social media and joined a thoughtful discussion regarding the SEC and ripple. But Mobarak questioned what the officer actually meant after reading Ripple’s CTO’s most recent tweet.

Ripple’s chief technology officer and co-creator of XRP Ledger, David Schwartz took to Twitter and wrote, “Yeah, I think that’s fair to say. I hope we don’t get into a position where we’re tempted to walk through a door and slam it shut behind us. But, of course, I can’t promise we won’t.”

This tweet from @JoelKatz is kind of worrying me a bit. Who goes through the door? & who is shut out?

1. Ripple goes through the door and retail XRP holders are shut out.

2. Ripple & XRP go through the door and the rest of the crypto space is shut out.

Is it 1 or 2? https://t.co/HEOcPR1xyF

— Yassin Mobarak (@Dizer_YM) February 22, 2023

There are two probable meanings for the phrase “we’re tempted to walk through a door and slam it shut behind us,” according to Yassin Mobarak.

A Twitter user started a conversation on February 21 by responding to a recent tweet from Stuart Alderoty, the chief legal officer of Ripple. The latter hinted that if the current judge supported the SEC, Ripple would take the matter to the U.S. Supreme Court.

The thing is, we can’t succeed if the industry doesn’t succeed. A world where, say, Twitter is the only successful Internet company is unimaginable. I expect we will always prefer wins for everyone in the space if we can.

— David “JoelKatz” Schwartz (@JoelKatz) February 21, 2023

According to Mr. Huber, Alderoty was using threats to pressure SEC head Gary Gensler into accepting Ripple’s terms and conditions. The leading fintech company would get “a unique advantage and clarity over all others” as a result. If not, according to Mr. Huber, Alderoty means that by defeating the SEC in the Supreme Court, Ripple “will take away his jurisdiction over cryptocurrency.”

Talking about how important the win is for the whole industry, David said, “The thing is, we can’t succeed if the industry doesn’t succeed. A world where, say, Twitter is the only successful Internet company is unimaginable. I expect we will always prefer wins for everyone in the space if we can.”

Authorities have been closely monitoring the cryptocurrency market for a while now. They have been adjusting the rules already in place to take into account the shifting market conditions and to safeguard investors.





Source link

CrypticCTOsEmbezzledLawsuitLeftRippleSECTweetUsers
Previous Post
BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, SHIB
Next Post
Forbes Journalist Files Amended Motion for Ripple vs SEC Case, Seeking Access to Hinman Documents

Related Posts

Altcoin Bitcoin Blockchain Etherum Litecoin NFTs
US SEC Sues Crypto Firm Beaxy Digital Over Failure to Register as Securities Exchange
March 29, 2023
Altcoin Bitcoin Blockchain Etherum Litecoin NFTs
Ripple (XRP), Binance Coin (BNB), Litecoin (LTC), and Orbeon Protocol (ORBN) Primed for Significant Gains
March 28, 2023
Altcoin Bitcoin Blockchain Etherum Litecoin NFTs
Ripple CTO Explains Factors That Make XRP a Good Collateral
March 28, 2023
Premium Crypto Info
About

All-in-one crypto information in one place

Categories
Copyright © 2021 PCI. All Rights Reserved.