On The Chain - Blockchain and Cryptocurrency News + Opinion

XRP - End of Crypto as We Know it? – Deaton for SEC Chair - The Downfall of the Fed

Susan Friedman criticizes Senator Elizabeth Warren, arguing that the US government did not specifically save the crypto industry and that the decision to protect depositors affected various groups, including crypto.

There is a call for Congress to halt the SEC's excessive overreach in cases involving Ripple, Grayscale, LBRY, and Voyager. Senator Tuberville reintroduces a bill allowing retirement crypto investments. Circle CEO discusses vulnerabilities in the US banking system, while a satirical article mocks the failure of Gringotts Bank.

There is criticism of the Biden administration for insuring all bank deposits, with some alleging that this action benefits wealthy individuals and organizations. Some argue that the Federal Reserve is responsible for economic problems and should be ended. Elon Musk shares a humorous tweet related to the situation. A bipartisan effort is made to discover the root causes of recent bank failures, with the goal of ensuring the safety and soundness of banks and avoiding taxpayer burdens.

Finally, Anthony Scaramucci criticizes elderly politicians for failing the country and attempting to limit innovation due to their ignorance.

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*DISCLAIMER:*

_All opinions expressed by content contributors that appear on OTC are solely expressing their opinions and do not reflect the opinions of OTC, its affiliates, or sponsors. Content contributors may have previously disseminated information on a social media platform, website, or another medium such as a podcast, television, or radio.

OTC, Content Contributors, Affiliates, or Sponsors are not obligated to update or correct any information. The content contributors are sharing the information which they believe to be reliable. OTC, its affiliates, or sponsors cannot guarantee the accuracy of the opinion shared, and viewers, readers, and listeners should not rely on it.

Opinions expressed are not financial advice. Please consult a licensed financial advisor before making any financial decisions. You must research before you invest in anything. Do not invest based on what someone else is doing or not doing, or based on other people’s opinions._

#XRP #Ripple

XRP - A Bank Run to Market Crash - FED Push to End Crypto - Transfer Power - SVB UK Sold for £1

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_All opinions expressed by content contributors that appear on OTC are solely expressing their opinions and do not reflect the opinions of OTC, its affiliates, or sponsors. Content contributors may have previously disseminated information on a social media platform, website, or another medium such as a podcast, television, or radio.

OTC, Content Contributors, Affiliates, or Sponsors are not obligated to update or correct any information. The content contributors are sharing the information which they believe to be reliable. OTC, its affiliates, or sponsors cannot guarantee the accuracy of the opinion shared, and viewers, readers, and listeners should not rely on it.

Opinions expressed are not financial advice. Please consult a licensed financial advisor before making any financial decisions. You must research before you invest in anything. Do not invest based on what someone else is doing or not doing, or based on other people’s opinions._

#XRP #Ripple

Ripple XRP - Garlinghouse - Ripple EXPSURE to SVB - Financial System Is Broken - BANK RUN COMING

The recent banking crisis involving Silicon Valley Bank (SIVB) and the FDIC-insured deposits of its customers has drawn attention from Ripple CEO Brad Garlinghouse. Garlinghouse took to Twitter to criticize the broken banking system, stating that it cannot even move money 24/7/365. He also made a statement regarding Ripple's exposure to SIVB, but did not provide further details. Meanwhile, a live blog by Zero Hedge reports that the FDIC is currently holding an auction for SIVB's assets, with failed bids being the likely outcome.

In related news, CNN reports that US banks are sitting on an unrealized loss of $620 billion, further highlighting the precarious state of the banking system. Meanwhile, the Zero Hedge Twitter account has criticized the Fed and Treasury for their regulatory failure in preventing billions in losses, instead focusing on board diversity and unrelated international travel.

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OTC, Content Contributors, Affiliates, or Sponsors are not obligated to update or correct any information. The content contributors are sharing the information which they believe to be reliable. OTC, its affiliates, or sponsors cannot guarantee the accuracy of the opinion shared, and viewers, readers, and listeners should not rely on it.

Opinions expressed are not financial advice. Please consult a licensed financial advisor before making any financial decisions. You must research before you invest in anything. Do not invest based on what someone else is doing or not doing, or based on other people’s opinions._

#XRP #Ripple

XRP - SEC / DOJ Attack Crypto - Banks Fail - Jim Cramer Picks SVB - ChatGPT can Save You

Ripple's latest insight on treasury management. Ripple is positioning RippleNet as access to a global network, which allows companies to bypass rough corridors such as Southeast Asia, India, Brazil, and Mexico. This reduces the need for prefunding and helps suppliers factor in their receivables.

Appeal filed by the DOJ to Judge Wiles' decision to approve Voyager's sale to Binance. The appeal seeks to stop the recovery of 73% of investors' assets held by Voyager.

There is news about the collapse of Silicon Valley Bank (SVB) and its impact on crypto companies like BlockFi, Circle, and Avalanche. Although SVB is Stock Pick of the Year for Jim Cramer.

Prominent crypto VC firm a16z, with $35 billion AUM, is banked by SVB, and SVB has also invested in crypto-friendly VC fund Sequoia. The collapse of SVB has raised concerns about the exposure of these companies to the bank.

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OTC, Content Contributors, Affiliates, or Sponsors are not obligated to update or correct any information. The content contributors are sharing the information which they believe to be reliable. OTC, its affiliates, or sponsors cannot guarantee the accuracy of the opinion shared, and viewers, readers, and listeners should not rely on it.

Opinions expressed are not financial advice. Please consult a licensed financial advisor before making any financial decisions. You must research before you invest in anything. Do not invest based on what someone else is doing or not doing, or based on other people’s opinions._

#XRP #Ripple

XRP - Ripple Judgement Day Near? There Was Fraud!!! SEC!!!

The ongoing legal battle between #Ripple and the SEC is centered around whether XRP should be classified as a security or not. The SEC claims that XRP is a security and therefore subject to federal securities laws, while Ripple maintains that XRP is a cryptocurrency and does not meet the legal criteria for a security.

The potential implications of this case extend beyond Ripple and XRP. If the SEC successfully argues that XRP is a security, it could set a precedent for how other cryptocurrencies are regulated in the future. It may also lead to increased scrutiny on companies engaging in blockchain and cryptocurrency-related products, which could have a significant and determinantal impact on the industry as a whole. As such, this case has garnered widespread attention from the cryptocurrency community and investors alike rightfully so - they will all be watching.

This ongoing legal battle between Ripple and the SEC over XRP is a complex and evolving situation that has many companies looking to incorporate offshore. It remains to be seen how this case will be resolved, the sentiment of 10s of thousands of investors are siding heavily that XRP is not a security and that there has indeed been a fraud committed. This case, and the appeals all the way to the Supreme Court will set a precedent for how cryptocurrencies and blockchain-related products are regulated in the future.

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Opinions expressed are not financial advice. Please consult a licensed financial advisor before making any financial decisions. You must research before you invest in anything. Do not invest based on what someone else is doing or not doing, or based on other people’s opinions._

#XRP #Ripple

SEC v Ripple - XRP: Petition to Intervene - Access to Hinman Emails - Lawyer for Roselyn Layton to Judge Torres

TONIGHT ON THE CHAIN - HEAR LIVE FROM Carl Cecere Attorney for Roslyn Layton.

Roslyn Layton, attorney, Carl Cecere petitioned court to intervene in the SEC v Ripple Legal Case asking the Court for access to a set of internal SEC documents relating to a speech that former SEC Director of Corporation Finance William Hinman gave June 2018

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Opinions expressed are not financial advice. Please consult a licensed financial advisor before making any financial decisions. You must research before you invest in anything. Do not invest based on what someone else is doing or not doing or based on other people’s opinions._

#XRP #Ripple

XRP - Supreme Court Ruling - Garlinghouse on US Innovation - Hadera Hashgraph

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#XRP #Ripple

XRP - Ripple - Crypto's Last Stand in the US - The FINAL ACT - SEC Needs to Hear From Investors

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#XRP #Ripple

XRP Update - SEC Is Foolish - Crypto Companies are Booming All Around the World

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#XRP #Ripple

XRP News - US Investors - You NEED TO Watch This NOW

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#XRP #Ripple