Ripple Writes an Open Letter To Congress Including XRP. Will They Respond?

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Ripple Writes an Open Letter To Congress Including XRP. Will They Respond?

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30 COMMENTS

  1. Good advice. Get crypto offline into your nanos. The IRS cannot lock up your assets. Not sure why they are taxing them if they don’t believe it is real value. Need more clarity on the issue. Hopefully soon.

  2. facebooks biggest mistake with libra? didnt pay off politicians.. no pay, no play.. this is where crypto gets political folks. lets see, facebook is in pelosi's district – right? hmmm..

  3. Is this a sign Ripple are going nowhere in the US. Is this why Schwartz sold a massive chunk of his XRP?

  4. Silence. Libra. Hubbub. Trump and Mnuchen make Statements. Congress tells FB to Stop, has hearings. Open letter. Conclusion: Regs and recommendations are coming in 90 days or less. Regs will block certain nonsense on exchanges and certain coins, at the very least will provide enough clarity to move forward. Then behold, the preferred partner of England, the EU, the ECB, Japan, the rest of Asia, the Middle East and the IMF, not to mention the Fed is miraculously "discovered" or "approved" or granted a "No Action" letter. Shocking and completely unforeseeable. I'm shocked. Did I mention it was unforeseeable?

  5. If us reg ban it, ripple will move ahead with the rest of the world, leaving the us behind in a financial overregulation black holes

  6. Glad you're back. We have created a new drinking game. Take a sip for Everytime you say "actually".. lol

  7. Very interesting behavior the last couple weeks. David coming on stream, Brad being very vocal on both TV & twitter & now this ad on the WSJ. Huge 180 turn from the first half of this year, very cool to see where things are headed.

  8. Here is the real question – If Ripple and XRP are the "chosen one", if XRP has the inside track with regulators, agencies and the Trump administration, if the IMF and powers that be really have decided to use XRP, if Ripple is going to replace SWIFT, then why the fuck do Brad and Chris need to write a letter to congress explaining Ripple and XRP? Its because all the talk about inside governmental relationships and trump administrative knowledge about XRP is complete bullshit.

  9. Great video Alex, Like button is always SMASHED!!! The market will be manipulated down to lower levels so when the Bakkt platform fully kicks in, investors with the big money can have a bigger piece of the Bitcoin pie. Beware right now of being toooo bullish as we can all see this past month that Bitcoin is doing strange things. Bart Simpson patterns one after the other and blatant manipulation. Step out and see the bigger picture. Bullish in long term for sure but in short term/ next few weeks there will be more strange movements and not just straight to the Moon.
    That being said, the market is still all about BTC at the moment and i will advice current investors and newbies to take advantage of mr Cedric’s program, a pro trader who’s is helping investors/newbies recover loss from the crash and also accumulate more bitcoin through his amazing trading strategy, with his program i went from having 1btc to 6btc in just 3weeks. you can reach him on cryptocedricdahl@gmail or telegram @cryptocedric1

  10. Are the regulators this dumb? I don’t think so.. there are flaws that need addressed
    If anything xrp has the best chance as they are complying from the start

  11. ripple have been working with congress for the last 4 years why would they want to write a letter are these people that stupid just think its more bs nothing ever gets sorted out

  12. Come on man the regulators dont know what's going on they can put regs up because they dont know how it works > this is disinformation and red harring Ripple is the ones holding back the regulations they do not want the bull to run before the reset xrp is for the laquidity and it will help keep the old instatutions solvent they can't have a hight XRP token right now this is a smoke think man they had 4 years a intern could do it think up

  13. I have a feeling this Lab is gonna be shut down before any big bull run. Its desperate and we the investors certainly don't see this as a positive move. Face it Alex, this is a major gamble and it seems great and all but I'm hoping this little empire either gets exposed and brought down or it explodes off utility and Ll this good news we've been hearing for years now.

  14. THEY UNDERSTAND MONEY CAN BE SENT IN SECS AND W/O PREFUNDING ACCOUNTS, SO I BELIEVE WE ARE SEEING THE BATTLE BETWEEN SPECIAL INTEREST AND WHO GETS TO CONTROL THE POWER TO CREATE MONEY/THE PAYMENTS INDUSTRY.. REMEMBER YEARS AGO U.S. GOV SUED RIPPLE BC THEY SENT MONEY TO MACALEB. THEY DIDN'T SUE BC THEY DIDN'T UNDERSTAND THEY SUED BC THEY REALIZED RIPPLE CREATED A PARRALLEL COST EFFECTIVE MONEY TRANSFER /FINANCIALSYSTEM THE U.S. DIDN'T CONTROL AND THAT POTENTIALLY IF NOT SLOWED DOWN WOULD OVERRUN THEIR LEGACY SYSTEMS AND CENTERS OF POWER DURING THIS VERY TIME INWHICH THE U.S. IS FIGHTING WITH ALMOST EVERY COUNTRY USING SANCTIONS AND TRYING TO FORCE THE WORLD TO REMAIN SUBSERVIENT TO THE DOLLAR.

  15. Think those Bitcoin transactions are about trying to move those BTC to exchanges or cold wallets outside of US regulatory reach because of tomorrow?

  16. I really hope that XRP goes up in price significantly and makes you rich Alex. You deserve it !

  17. two possibilities 1 either he is loosing it or 2 they want clarity asap to start the production with various partnership

  18. yes well said the ledger nano hides your assets. exchanges like coinbase have NYC and can share your wealth with the tax man

  19. Hi all. If Congress was educated on how to make money in crypto they would pass regulations tomorrow. Enjoy the ride all.

  20. If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck. Duck is not property. Duck is payment instrument.

  21. If the IRS is currently classifying cryptocurrencies as "property" , requiring buys and sells and even purchases via cryptocurrency to be reported as such, what will the banks and financial institutions be required to file if the plan is for them to physically custody, and facilitate movement of cryptos??? Are they custodians of ones property, do they pay the gains tax as we are currently being required to do?… This is why merchants arent really accepting crypto payments because every transaction is a "taxable event" no matter the amount of the purchase. It becomes easy to evade if you spend your crypto on large price items like houses or cars with the profits as value goes up.

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