/biz/ - Business & Finance

>>25330315

How did we get here?
Where are we going Edition!! (Pt.2)

August 20th, 2018, SEC Chair Jay Clayton's public calendar reveals, "Meeting with Ripple, including: Brad Garlinghouse, CEO; David Schwartz, Chief Technology Officer; and John Roscoe, Special Assistant to the President, White House Office of Presidential Personnel." https://archive.is/SerUS

October 2nd, 2018, Michael Didiuk, who served 8 years at the SEC says at the Swell conference that he does not think XRP is a security. https://archive.is/TqPxM https://archive.is/JJ9nb

June 17th, 2020 Former CFTC chairman Chris Giancarlo says to the International Financial Law Review, "like bitcoin and ether, XRP is a digital currency supported by a distributed ledger that uses cryptography to store and transfer assets...Even if XRP were to satisfy one or two of the prongs of the Howey test, it does not satisfy all the factors such that XRP is an investment contract subject to regulation as a security...Ultimately, under a fair application of the Howey test and the SEC’s presently expanding analysis, XRP should not be regulated as a security, but instead considered a currency or a medium of exchange, consistent with interpretations offered by other federal regulators." https://archive.is/DQaF5
November 16th, 2020, NYT reports Jay Clayton will step down from the SEC by the end of 2020. https://archive.is/5TCqo

November 16th, NYT reports Jay Clayton will step down from the SEC by the end of 2020. https://archive.is/5TCqo

>>25299549
That just triggered an interesting thought.
>We know the original purpose of the Dinar was "balance"

Finite amount of Gold in the world = a balance in "consumption"

The slow burn - over time will encourages / forces balance - less consumption over time.