Unchained

The Chopping Block: Should XRP Holders Really Be Rejoicing? - Ep. 519

Listen Later

Welcome to “The Chopping Block” – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest news. This week, crypto lawyer Stephen Palley joins an emergency live show to unpack Thursday’s judgment in the Ripple case. Crypto markets are pumping after a judge handed Ripple Labs a partial victory in its fight against the SEC. But is the jubilation warranted? “I can understand why people are happy,” said Palley, a partner at Brown Rudnick LLP. “I’m just a little more cautious on what happens next.”

Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform.

Show highlights: 

  • why Judge Analisa Torres ruled that retail sales of XRP do not violate U.S. securities laws
  • how the court denied summary judgment on some issues relating to Ripple’s Brad Garlinghouse and Chris Larsen
  • why “Footnote 16” of the ruling was so “surprising,” according to Stephen
  • whether the SEC will appeal the case and how that process could unfold
  • why Coinbase, Kraken and other exchanges re-listed XRP and whether that’s a safe step
  • whether Coinbase will cite the Ripple judgment in its lawsuit against the SEC 
  • how this ruling does not represent a binding precedent
  • why, even though this is a win for Ripple, it shouldn’t be used for investment strategy
  • why Haseeb thinks the SEC should “fire their press department”
  • whether the SEC’s case is “stronger than people on Twitter might like to believe”
  • how, if proven, the allegations against Celsius founder Alex Mashinsky are “straight-up fraud” 
  • why Stephen says that a lot of the enforcement activity focused on DeFi was an “absolute misuse of resources”


    • Hosts
    • Haseeb Qureshi, managing partner at Dragonfly 
    • Robert Leshner, founder of Compound
    • Tom Schmidt, general partner at Dragonfly 
    • Tarun Chitra, managing partner at Robot Ventures

      Guest:

      Stephen Palley, litigation partner at Brown Rudnick


      DisclosuresLinks
      • Previous coverage of Unchained on the Ripple case: 
      • New Order in SEC vs. Ripple Over XRP Is a Win for Crypto: What Happens Now?
      • The SEC's Lawsuit Against Ripple and 2 Execs: What You Need to Know 
      • Ripple's XRP: Why Its Chances of Success Are Low
      • Unchained: 
      • SEC vs Ripple: Judge Rules XRP Sold on Exchanges Is Not a Security
      • Former Celsius CEO Alex Mashinsky Arrested in New York - Unchained Crypto
      • CoinDesk:
      • Ripple, Crypto Industry Score Partial Win in SEC Court Fight Over XRP
      • Ripple Labs Ruling Throws U.S. Crypto-Token Regulation into Disarray
      • The Washington Post: Ripple ruling threatens SEC’s crypto regulation push


        • Learn more about your ad choices. Visit megaphone.fm/adchoices

        ...more
        View all episodesView all episodes
        Download on the App Store
        UnchainedBy Laura Shin
        • 4.6
        • 4.6
        • 4.6
        • 4.6
        • 4.6

        4.6

        1,185 ratings

        More shows like Unchained

        View all
        The a16z Show by Andreessen Horowitz

        The a16z Show

        1,101 Listeners

        Real Vision: Finance & Investing by Real Vision Podcast Network

        Real Vision: Finance & Investing

        908 Listeners

        CRYPTO 101 by Bryce Paul & Brendan Viehman

        CRYPTO 101

        43 Listeners

        The Breakdown by Blockworks

        The Breakdown

        742 Listeners

        The Pomp Podcast by Anthony Pompliano

        The Pomp Podcast

        1,848 Listeners

        Thinking Crypto News & Interviews by Tony Edward

        Thinking Crypto News & Interviews

        256 Listeners

        What Bitcoin Did by Danny Knowles

        What Bitcoin Did

        277 Listeners

        Bankless by Bankless

        Bankless

        1,049 Listeners

        The Wolf Of All Streets by Scott Melker

        The Wolf Of All Streets

        242 Listeners

        All-In with Chamath, Jason, Sacks & Friedberg by All-In Podcast, LLC

        All-In with Chamath, Jason, Sacks & Friedberg

        10,203 Listeners

        Empire by Blockworks

        Empire

        167 Listeners

        Coin Stories with Natalie Brunell by Natalie Brunell

        Coin Stories with Natalie Brunell

        452 Listeners

        Raoul Pal: The Journey Man by Real Vision Podcast Network

        Raoul Pal: The Journey Man

        132 Listeners

        Forward Guidance by Blockworks

        Forward Guidance

        276 Listeners

        Bell Curve by Blockworks

        Bell Curve

        33 Listeners