Crypto and The Game of Justice

Ripple is playing the game of justice. The SEC is simply playing games. The SEC first missed their deadline to file Form C and D. They did turn it in the day after the deadline to the court. The court accepted the filing. Now, the SEC has filed an extension requesting more time to file their brief into January.

It is my opinion that the SEC’s filings of Form C and D should not have been accepted by the court to begin with. When you are dealing with, what should be considered, some of the best lawyers in the country in order to play at this level they should adhere to the Rules of Court. They have staff and paralegals to get their work done on time and filed on time. When they don’t follow the rules accordingly they should lose. Period. They should have filed a request for more time to file the Forms, but didn’t. They simply filed late and the court accepted.

Now the SEC has filed for an extension to file something that they shouldn’t have been able to file in the first place. But, in my experience of our corrupt justice system this kind of travesty and manipulation of the rules seems par for our system.

Those familiar know that I have spent many years personally playing the game of justice within the bowels of the CA State Superior, Appellate, and Supreme Courts, as well as, Federal District Courts and IRS Court during my lawsuit against Wells Fargo Bank for fraud. Many of you have read my critically acclaimed book on the subject itself:

called “Quantum of Justice - The Fraud of Foreclosure and the Illegal Securitization of Notes by Wall Street”. This is to say that I am familiar with the legal processes that Ripple is dealing with against the SEC right now, and once again, the justice system is showing us the games that are played.

I thought it would have been a good idea for Ripple to have at the ready to file a Motion to Dismiss due to the SEC’s failure to comply with the Rules of Court and their filing deadlines for Form’s C and D.

Keep in mind that none of this will affect the standing of the XRP ledger and the ruling that it is NOT considered a Security. All eyes of the crypto investing world are on this case and watching the four year long battle of frivolousness that the SEC has been conducting.

Gary Gensler, as I have said before, is in my opinion the Ollie North of our time. He is going to become the fall guy for the crypto regulation world and the United State’s failure to properly embrace the exponential growth of this new economic paradigm. His sue happy approach to all things crypto has stifled some of the growth of the crypto world and put the United States a bit behind as a leader of crypto.

The UAE, as one example, has quickly become a beacon to the crypto investors around the world with their speed of accepting and regulating crypto investments. Gensler’s approach to all things crypto and Congress and the SEC’s snails approach to regulation is leaving the United States in catch up mode.

However, despite Gensler, the SEC, and Congress we have seen the Federal Reserve, SWIFT, and Wall Street players like JP Morgan, BlackRock, Grayscale and others continue to move the crypto world forward under the guise of not. While on the other hand, Ripple has been signing up nearly all of the countries and international financial institutions of the world to their platform and continuing to lead the way in cryptocurrency progress.

Ripple has become the global leader for their blockchain technology. The XRP Ledger will soon be handling $Trillions of dollars across its platform in cross border payments and international institutional financial transactions. The list of partners associated with Ripple is endless at this point. You are already a part of the Ripple technology if you use PayPal, MasterCard, Stripe, Amazon, and so many other myriad of ways electronic payments are conducted today.

While Ripple has been garnering business across the world the United States has been a bit slow in the uptake. Wall Street has spent years telling the public to stay out of the crypto world allthewhile they have been investing into crypto. It has only been recently where Wall Street has now been telling their investors to begin buying crypto only because Wall Street players have been able to create ETF’s (Exchange Traded Funds) therein allowing Wall Street to control the crypto assets. This is despite the crypto idea of being decentralized, but let’s not get into that right now.

Just know that it is par for Wall Street to do this kind of sleight of hand as it is just the kind of deceptive investing practices that Wall Street was advising their clients during the 2008 collapse. When they were advising their investors to buy products that the institutions knew were failing right out from under everything while the investment firms were either shorting, or reinsuring for their own investment losses. Leaving their investors out to dry.

For those too young to remember any of this I advise you to read up on the subject immediately, because what happened then is happening right now behind the scenes in the crypto and banking worlds.

Hang on!