25 Jul 2023 15:36:40
Don't know why this hasn't been bigger news but very brief but interesting announcement Ref: Swift, R3 and XRP. I only came across this today but it was around 6 days ago just after the decision in the Ripple - SEC case. I believe R3 also uses XDC.

Swift R3 article

The link is Swift- R3, R3 which uses Corda - Corda which uses XRP. I'm guessing this is some sort of ISO20022 implementation which has been pushed back more than once to July 2023 (coincidently, same month as we get the Ripple vs SEC decision). It's only a matter of time to see the rise in XRP.

{Ed033's Note - Thanks Supasub.

1.) 27 Jul 2023
27 Jul 2023 15:12:31
Do you Ed or Supasub think the result in the lawsuit so far was a draw in that both sides got what they wanted.

The result in the crap court case would that be seen as a draw as both parties got what they wanted and will the case still goto trial?

{Ed033's Note - No, i think the SEC wanted and outright win. I think Ripple were more than satisfied so far with this case.

The SEC will decide whether to appeal the present decision.

2.) 27 Jul 2023
27 Jul 2023 22:48:01
Is this case still going to trial ed or is it over apart from the appeal process.

{Ed033's Note - This case is still ongoing because the Judge hasn't decided on Ripple's early 'institutional' sales. It's likely that this decision will go the SEC's way.

The SEC might appeal this case to a higher court to get the previous decision overturned [The 'XRP is not a security' decision].

3.) 28 Jul 2023
28 Jul 2023 20:18:43
A draw? No, imo about 80% in Ripples favour. Without going into too much detail and not knowing what SEC will do next. Its a partial judgement but Torres has stated that XRP is not a security if sold indirectly like on an exchange etc going forward.

The only XRP sales deemed a security would have been pre-2017/2018 sold directly to Ripple's investors. What happens to those? Could they be burned? I hope so but I doubt it. How much will Ripple have to pay for those sales as a penalty on $780 million+ of sales? When XRP is added to the Ripplehub along with BTC, ETH etc how could they be treated differently if BTC is not a security? Is Ripplehub directly selling tokens or is it a secondary market?

We still have a window for settlement but it'll definately be in Ripples favour. Leaving SEC to go after others.
The problem for the SEC if they appeal and lose (which could take years and they probably will lose on appeal as they normally do), it'll set this all as stone in law and they don't want that. They want it to be as messy as possible for everyone so they have a level of control in the crypto banking sector for what's coming.

I expect some sort of settlement but who knows as this could have all been orchestrated from a few years ago as the timing of all this working out as it is seems fishy to me (but then I question everything) . Either way XRP is here to stay and might well be and imo it could be no.1 of crypto going forward underlaying and working with everything going forward including whatever Elon has planned for x.com/twitter. There is a link to Ripple with almost any Bank/financial institution if you search/dig deep enough in the last few years.

{Ed033's Note - Thanks for the informative post.

4.) 29 Jul 2023
29 Jul 2023 13:49:42
Just to add, we don't know what's happening with Gensler. He may not be in office in a year or 2 let alone a few years. Someone might come in under different orders. The person who brought the SEC vs Ripple case did so on their very last day in office and went to their ETH leaning company leaving other people to carry the baton.
Who knows what these puppets are instructed to do next by their masters.

{Ed033's Note - Thanks Supasub.