Tag: ripple

ECP NetHappenings The Mellon Bank Family and Trump Crypto

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ECP NetHappenings The Mellon Bank Family and Trump Crypto

Meet Timothy Mellon — the billionaire heir who reportedly just gave $130M so our troops wouldn’t miss a paycheck.
He lives reclusively in Wyoming and hasn’t even had his photo published in decades.

Trump’s crypto pardons and family stablecoin windfalls aren’t bold business moves, they’re blatant pay-to-play corruption that makes Watergate look like a lemonade stand scam.

The @ABC @CBSNews @FoxNews @NBCNews are all owned by his buddies and don’t hire actual journalists. They are complicit. None of those “media” explains the crypto corruption.

Virginia Giuffre spent decades exposing Epstein’s network.
The Mellons spent decades funding it.
Money bought silence.

Trump is on the Epstein list.

Matthew Mellon and Timothy Mellon were cousins within the prominent Mellon family.

Matthew Mellon, born Matthew Taylor Mellon II in 1964, was a businessman and early investor in cryptocurrency, notably associated with (shitcoin) Ripple.
He served in finance roles for the Republican Party and was the son of Karl Negley Mellon and Anne Stokes Bright.
Timothy Mellon, born in 1942, is the son of Paul Mellon and Mary Conover Mellon.
Their shared ancestry traces back to Thomas Mellon, the Irish immigrant who founded Mellon Bank in the 19th century.

Paul Mellon (the late billionaire philanthropist) appears twice in Jeffrey Epstein’s flight logs from the 1990s.
Timothy Mellon, his son, is the donor who just gave $130 million to “fund the troops” during the shutdown.
Same dynasty. Everything connects.

A convicted felon is president, and he acts like a criminal EVERYDAY!!

Epstein files will likely show not only did Trump rape and traffic underage girls, but with HUGE financial crimes with Russia. MAGA will start to peel off and view his destruction of the East Wing, tariffs, theft, grifting, lies, and fake assassination attempt in a new light.

Democrat Ro Khanna is averaging 17 stock trades per day at $16,500 per trade with a trading volume of over $562 million dollars!! Why are we allowing House Representatives or anyone in gov’t to get away with this.

Eliminate Seniority System
Committee power based on longevity, not competence.

Campaign Finance Reform
Money buys power. 95% incumbent re-election. Politicians spend 30-70% of time fundraising, not governing.

End Lobbying
$4.1B spent annually. 12,000 lobbyists (2:1 ratio to Congress). 50% of former members become lobbyists.
MORE effective than campaign contributions.
Fix: Lifetime ban on former officials lobbying. Real-time disclosure of all contacts.

Reform the Bureaucracy
Unelected staff draft laws and make life-or-death decisions. Young, inexperienced staffers writing complex legislation. Then they become lobbyists.

Trump, Bondi and Epstein from WAY back. Like 3 Pedos in a Pod.
Does this give you a better idea of WHY she’s withholding the files??

IT’S ALREADY STARTED

With Republican majority, Louisiana Senate votes to push back election dates

https://lailluminator.com/2025/10/25/with-republican-majority-louisiana-senate-votes-to-push-back-election-dates/

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CyberPlayGround NetHappenings Newsletter Ripple, XRP, Coinbase, Etherium

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ECP NETHAPPENINGS NEWSLETER 7/15/23 #Ripple, #XRP, #Coinbase, #Etherium

Gary Gensler SEC just lost the Ripple suit.

The SEC will now have to cover Ripple’s legal fees as a result.
July 2022 CEO of Ripple legal battle will cost upward of $100 Million
The US Tax payer will now need to fork over the legal fee to Ripple, cause GARY IS A FOOL.
Will this com out of the SEC Budget?

Gary’s strategy is to sue everyone into compliance. Gary said something like if you aren’t losing you aren’t suing enough.


Yet, The SEC is suing on our behalf  the American citizen who never elected the guy. And Gary isn’t even a lawyer. Why would Biden, Elizabeth Warren or any other Democrat want this guy in charge of our world changing economy.

Ripple Wins

“XRP, as a digital token, is not in and of itself a ‘contract, transaction, or scheme’ that embodies the Howey requirements of an investment contract.” –Judge Torres
Link to decision  https://storage.courtlistener.com/recap/gov.uscourts.nysd.551082/gov.uscourts.nysd.551082.874.0_2.pdf

Don’t be misled that Judge Torres ruled that sometimes XRP is a security and sometimes it isn’t. That’s exactly the opposite of what she ruled:  XRP itself is NEVER a security. “ Page 15:  “XRP, as a digital token, is not in and of itself a ‘contract, transaction[,] or scheme’ that embodies the Howey requirements of an investment contract.”

FOR ALL XRP HOLDERS

VIDEO Ripple vs SEC: Congratulations XRP Holders!
From, Jeremy & Thien-Vu Hogan. And, GoodBye!
https://www.youtube.com/watch?v=FKuKAmEraSw  13:55

WHAT THE HELL !!!!

HOW MANY  COCKEYED VIEWS DO WE HAVE HERE?

This WSJ  article  reflects two entrenched trends:
1) confusing the Ripple legal analysis by insisting “sometimes tokens are securities because of how they are sold and sometimes they are not”

WRONG, Dave and Paul

2) if the outcome is unworkable as a matter of policy then the law must have been wrongfully interpreted or applied, and the decision will be overturned.

WRONG, law professors.

“The outcome must deliver the correct policy or the decision is wrong” is precisely how courts go way off the rails – making up the law as they go to reach preferred ends.  (Which law professors generally prefer them to do, and some even think they SHOULD do always.)
One of the incentive problems is that the SEC is an agency of lawyers who want to go lawyer things and measure themselves on lawyer metrics.
This is producing horribly broken outcomes and protecting nobody. Clearly the court focused on whether the transactions represented sale of securities. Whether the underlying asset is a security or a commodity seems irrelevant.
Ripple argued it is exempt from registration as XRP is not a security, but a commodity. The Court disagreed with Ripple by saying it doesn’t matter what XRP is. Rather, the conclusion would depend on the “totality of circumstances” surrounding a transaction.
The fact that Howey requires transaction level analysis and can’t be used to establish that an underlying asset is once and forever a security is itself sufficient for nuking the SEC’s entire regulation by enforcement strategy. They were just embarrassingly wrong about this.

@CGasparino Hate to break it to the XRP pumpers:
@Ripple will be paying money on the part of the case it lost; plus there isn’t a securities lawyer I’ve interviewed who thinks the part they won stands on appeal.

@BillHughesDC

Just banks worried about losing out in deposits.
There was a law that required taxis automobiles in New York to carry pooper scoopers for horses for decades. This is more of the same.

This country in contrast arbitrarily punishes people to signal the legal lesson of the day.

1) People still can’t grok that the asset is independent of the transaction.
Howey determines if a *transaction* was a *securities transaction* not if the asset in a transaction was a security. The asset is irrelevant.
2) @jchervinsky that’s not news at all. It’s always been the case, and the SEC has always acknowledged, that in a primary distribution you have to look beyond the token to the totality of circumstances and the economic reality. Crypto bros celebrating just proves their ignorance.
3) Clearly the court focused on whether the transactions represented sale of securities. Whether the underlying asset is a security or a commodity seems irrelevant.
4) Ripple argued it is exempt from registration as XRP is not a security, but a commodity. The Court disagreed with Ripple by saying it doesn’t matter what XRP is. Rather, the conclusion would depend on the “totality of circumstances” surrounding a transaction.

Joe Carlasare Let’s examine the logic of the SEC v Ripple decision and the finding that a token in and of itself cannot be an investment contract. If true, tomorrow, I can legally launch JoeCoin with the following characteristics. I will not promote JoeCoin or sell it initially (I’ll wait for “programmatic sales” later to make money).I’ll release it for free on the internet so that anyone can mine it with GPUs, but I’ll give myself a massive pre-mine (70% of supply).

Joe, one thing that hasn’t been discussed much yet (I think) is that with the ruling that the big initial institutional investment in XRP IS in fact a security investment, doesn’t that mean that other projects (Eth, cough) are also? Isn’t that how ethereum operates?
O, that’s right, it was a funded and promoted ICO where institutional buyers were suggested to use multiple wallets to go around the security label…

Just remember it’s not a security if you dump on retail. The one thing I like about alt coins is that it keeps the regulators distracted while the Trojan horse gets built. Unless something goes terribly wrong, they will all fail to take market share from btc because not only do they compete against btc but each other.

Judges are going to follow their interpretation of the laws as they see fit. The likely end result is SEC will compel congress to pass laws that clean all this up.

Speculation Rises for Potential IPO Following SEC Victory

This is is a huge win for Larsen, Garlinghouse and the XRP community.

1. While the court rules that some of Ripple’s “Institutional Sales” of XRP were investment contracts and thus, the sale of unregistered securities,

2. Ripple’s sales of XRP to “Programmatic Buyers” through Exchanges to anonymous buyers were NOT investment contracts.

3. Ripple’s other distributions of XRP to employees as compensation or to 3rd parties to develop applications for XRP or XRP Ledger are NOT investment contracts.

4. Larsen and Garlinghouse’s sales of XRP are NOT investment contracts.

2023 -2-22   The live price of XRP is $0.6070797 with a market cap of $31.90B USD.
2023-07-13 XRP, the world’s seventh-largest cryptocurrency IS NOW NOT A SECURITY

COINBASE

SEC v. @Coinbase update
https://twitter.com/MetaLawMan/status/1680198474149625856

We now have the transcript of the pre-motion conference held on Thursday.
Things went worse for the SEC than was initially reported.
The Judge explicitly aligned herself with Coinbase on a key argument.
That is unusual for a first appearance.
https://twitter.com/MetaLawMan/status/1680198472819982336

This must be so devastating to be in for an initial hearing and off-the-bat the judge is jumping in on Coinbase’s argument to further expound upon how ridiculous the SEC sounds.
https://assets.ctfassets.net/c5bd0wqjc7v0/46XloV2v8raTCNRhg8XTKZ/2a13c4bec44230bc8ae30ab37c01722e/Premotion_Conference_Tr.__7.13.23_.pdf

In the interest of transparency, here is the transcript from our hearing yesterday in the SDNY case brought against us by the SEC. We appreciate the Court’s careful consideration.
60 0F 66  THE IDEA THAT THE COMMISSION COULD AUTHORIZE THE OFFER AND SALE OF Coinbases’s securities to millions of retail investors and then turn around and flip-flop and say, oh, sorry, you are running a completely illegal business —
THE COURT: But not merely that. An S-1 registration statement for Coinbase to provide the very platform that apparently I’m being told today violates the securities laws. That’s what you’re really saying. Sourthern District Reporters, P.C. 212-805-0300

AND THERE IS ALWAYS ETHERIUM CORRUPTED BY THE CCP

LongLing Capital = Original funder of OKX 2
Remember, Longling Capital = Fembushi = Wanxiang = ETH Foundation = Vitalik Buterin = Promethius = CCP
Etherium 0x236F9F97e0E62388479bf9E5BA4889e46B0273C3
Blockchains / Ethereum Mainnet ? Address 0x236F9F97e0

Dr. Feng, who is head of Hashkey, setup/funded Longling Capital, Wanxiang Blockchain, and was the original funder of some of Huobi’s exchange wallets doesn’t believe the Crypto they issue needs to be backed by “any underlying assets, and the credibility of the Chinese Government alone is enough to compete with, and even outcomplete, any stable digital currency issuer in the current market”.

He goes on to say that the “ISSUANCE of RMB legal digital currency WILL NOT require any underlying assets.” If you followed VC money 6 months ago, you’d know that fintech Mortgage refinancing companies is one of the area’s they went in big on.
https://twitter.com/BoringSleuth/status/1680231089963401221

In March 2019, Dr. Feng, head of CCP controlled Wanxiang Blockchain stated:
“First of all, RMB legal digital currency linked the digital currency world will have first-mover advantage and seize the initiative of rule making in shaping the rules of blockchain digital currency.”  https://twitter.com/BoringSleuth/status/1671728690453946369/photo/1

JP MORGAN owns ETHERIUM

William Hinman’s Speech on Digital Asset Securities

BILL HINMAN VIDEO SEC William Hinman’s Speech on Digital Asset Securities

Five years after Bill Hinman delivered his speech on cryptocurrencies, Chief Legal Officer (CLO) at Ripple, Stuart Alderoty, has called for an investigation into the former Securities and Exchange Commission (SEC) official’s actions.

The @SECGov is being pressured to remove Gary Gensler as chairman due to promoting an unregistered security Algorand when he was a professor at MIT. Not a good look for @POTUS and the U.S government.

Stuart Alderoty @s_alderoty
Chief Legal Officer @Ripple
Over 35 years of legal experience with expertise in regulatory affairs and complex litigation.

WATCH THIS VIDEO 1ST
https://twitter.com/s_alderoty/status/1668601225418543109

1/ It’s been 5 years since Bill Hinman gave his infamous speech – and through the SEC’s lawsuit against @Ripple (and 7 court orders), we can finally share what happened behind the scenes through the now public emails / drafts of the speech.
2/ We now can all see Hinman ignored multiple warnings that his speech contained made-up analysis with no basis in law, was divorced from the Howey factors, exposed regulatory gaps, and would create not just confusion, but “greater confusion” in the market.
3/A refresher: Hinman, as Head of the SEC’s Corp Fin, gave a speech in June 2018 declaring that a token is not a security once it becomes “sufficiently decentralized” and he invented factors to consider when making a “sufficiently decentralized” determination.
4/Although Hinman claimed that the speech was his personal view, he and the SEC touted it as guidance. Then SEC Chair Jay Clayton publicly pointed to it. Despite the SEC repeatedly flip-flopping on the significance of the speech in litigation, it remains on the agency’s website.
5/ Now let’s look at what senior SEC officials directly said to Hinman about his speech as he was drafting it.
6/Head of Trading and Markets (T&M) said, “because the list of factors is so extensive – and appears to include things that go beyond the typical Howey analysis – we have concerns this might lead to greater confusion on what is a security.” Hinman ignored those concerns.
7/ T&M directly asked Hinman to tie his newly invented factors “more closely and explicitly to the Howey analysis.” Again, Hinman ignored the suggestion.
8/Office of General Counsel (OGC) and T&M called this factor legally irrelevant “Has this person or group retained a stake or other interest in the digital asset such that it would be motivated to expend efforts to cause an increase in value in the digital asset?” Hinman kept it.
9/T&M and OGC noted Hinman skipped over the threshold jurisdictional question of “whether a digital asset meets the legal standards of a security.” He jumped to asking whether SEC oversight could (in Hinman’s view) be beneficial. Hinman ignored this “regulatory gap.”
10/ On June 4, Hinman wrote that he didn’t see a “need to regulate ETH as a security” and would call Buterin later that week to confirm “our understanding.”
11/On June 12, OGC expressed its “reservations about including a statement directly about Ether in the speech … because it would make it difficult for the agency to take a different position on ETH in the future.” ETH remained as a cited example.
12/So what should happen now? First, remove the speech immediately from the SEC’s website…
13/An investigation must be conducted to understand what or who influenced Hinman, why conflicts (or, at the very least, appearances of conflicts) were ignored, and why the SEC touted the speech knowing that it would create “greater confusion.”
14/ And finally, Hinman’s speech should never again be invoked in any serious discussion about whether a token is or is not a security. Unelected bureaucrats must faithfully apply the law within the constraints of their jurisdiction. They can’t – as Hinman tried – create new law.

YELLEN SAYS WE SHOULD EXPECT SLOW DECLINE IN DOLLAR AS RESERVE CURRENCY
What happens to the Bitcoin price if the fed comes out and just says you know what guys? We’re totally screwed here and it’s time to buy Bitcoin.

The Fed should not exist; it’s basically a private NGO that robs America of its wealth, has no government oversight, and is one of the main tools of tyranny used by the Parasite Class. Listen to Alan Greenspan admitting that it is above the law.

Banks are earning more from the Fed and depositors are earning less from banks.
A new analysis suggests it’s a $290 billion gap.Meanwhile, bank lobbyists have barred citizens from accessing any alternatives.

The Great Bank Robbery Of 2023
Jun 12, 2023
David Sirota
How the government pays banks big money while letting them rip off

 

CUSTODIA BANK WANTS TO MEET THE OBLIGATIONS NECESSARY TO OVER CLIENTS FUNDS BUT DENIED.

A federal judge just denied the Fed’s motion to dismiss Custodia’s case.
So the case now proceeds to discovery where we just might learn new details of the government’s “Operation Chokepoint 2.0” effort to eliminate on/off ramps between crypto and the banking system.
Anyone who cares about government overreach in this area should pay attention as this important case progresses.

Covid B5, Biden, Houses, Abortion, NFTs, Ripple

#Covid B5, #Biden, #Houses, #Abortion, #NFTs, #Ripple

Biden administration announces new strategy to tackle Covid subvariant
https://www.theguardian.com/us-news/2022/jul/12/biden-covid-ba5-subvariant-strategy

Politicians don’t care what’s right or what’s wrong as long as they benefit in it somehow personally.
BIDEN WILL NEVER WIN IN 2024
HE PICKS ANTI ABORTION JUDGE
Biden’s WILL nominate Meredith, a member of the conservative Federalist Society who has fought abortion rights.
Eight national abortion rights groups issued a rare joint statement calling Meredith “unacceptable at any time, but especially on the heels of six Supreme Court justices taking away a fundamental right from millions of people.”

White House Privately Signaling It’s Moving Forward With Anti-Abortion Court Pick
July 12 Despite Outcry From Democrats, Biden Will Name a Pro-Life Kentucky Judge To the Federal Bench

THEN President Biden issued an order requiring US hospitals to provide abortion care if it would save a mother’s life — even if Republicans in a state ban it. Federal emergency treatment law supersedes state law.

With enough Republicans in Congress, they can override a veto. That’s why we cannot let the win any more seats in the Senate.

@AOC
– Restrain judicial review
– Expand the court
– Clinics on federal lands
– Expand education and access to Plan C
– Repeal Hyde
– Hold floor votes codifying Griswold, Obergefell, Lawrence, Loving, etc
– Vote on Escobar’s bill protecting clinics
We can do it!
We can at least TRY

US inflation hits 9.1%, a new 40-year high – the real inflation rate is well over 15%.

MORE STUPID

 

US tourist falls into Mount Vesuvius after taking selfie – “play stupid games win stupid prizes.”

 

HOUSE BUYING

“Homebuyers are backing out of deals as mortgage rates climb. Roughly 60,000 sales fell through in June, or 15% of contracts entered into that month.”
– Bloomberg

The History of NFTs:
Chapter 1: The Pre-Lawsuit Era
Chapter 2: The Lawsuit
PRESS RELEASE : @WilmerHale / @LouisTompros along with @AlfredSteiner will be representing myself & @Pauly0x in our righteous fight against Yuga Labs. Previously Louis fought the alt-right in his defense of @Matt_Furie’s Pepe and Alfred wrote one of the best papers on BAYC law.

The SEC has made an ‘unprecedented’ move to keep the names of its expert witnesses under wraps, Ripple Labs said in a filing in the agency’s highly-watched case over the cryptocurrency XRP
https://www.reuters.com/legal/transactional/ripple-slams-sec-bid-shield-experts-high-profile-crypto-case-2022-07-11/
lmao XRP is a centralized shitcoin that can have it’s supply increased or decreased indefinitely… XRP is WORSE than banks.

This is huge. Don’t know how this will end. Henan bank is NOT the only one that is having problems with liquidity. All four Chinese banks are having the same issue. Some depositors found they can save and can NOT withdraw money with their bank cards. #bankrun #China #CCP
Protest Works


On Jul 11, Henan authorities say that depositors who deposited 50K yuan or less will be paid from Jul 15, those who deposited more than 50K yuan will be paid later. However, payment can be taken back if depositors are found to have obtained extra high interests

I am happy no government controls #bitcoin.
People will either learn from the mistakes of others, the easy way or learn from their mistakes, the hard way.

Bitcoin investors fear the cryptocurrency’s crash is going to get a whole
lot worse. The only mistake you can make is to sell.