THANKS ELLIE, What a freaking whirlwind in the last 4 years! At the very end of @realDonaldTrump’s first term, on the last full day of Jay Calyton’s tenure as Chairman of the @SECGov (and after he met with @GaryGensler the day before) the SEC, AFTER SEVEN YEARS of XRP being publicly traded in the United States and listed on over 200 exchanges worldwide; AND AFTER, @chrislarsensf, IN 2013, met with the @SECGov, @CFTC & @USTreasury, to explain Ripple’s new decentralized payment protocol, utilizing XRP, the native token of the XRPLedger; AND AFTER, the @USGAO, IN 2014, described XRP as a “virtual currency utilized in a decentralized payment system called @Ripple”; AND AFTER, FinCEN & the DOJ, IN 2015, described XRP as a “convertible virtual currency” and settled with Ripple, forcing Ripple to comply with U.S. Banking laws; AND AFTER, in the SEC’s 2017 DAO Report/Guidance, it stated a cryptocurrency used as a substitute for fiat in a payment system is UNLIKELY to satisfy the Howey test; AND AFTER, IN 2018, SEC enforcement lawyers conducted a formal analysis into whether XRP satisfied the Howey Test, but after doing so, DID NOT recommend an enforcement action against Ripple OR order Ripple, or its executives, to a cease and desist from selling XRP; AND AFTER, FSOC, IN 2019, in its annual report, signed by Clayton, the CFTC Chairman and the Treasury Secretary, described XRP as a “virtual currency gaining market share” (along with BTC, ETH & LTC); AND AFTER, IN JANUARY 2019, @coinbase went to the SEC and had a meeting, specifically ABOUT XRP, and informed the SEC that Coinbase’s EXTREMELY EXPERIENCED SECURITIES LAWYERS had run XRP through its rigorous security screening and CONCLUDED, XRP IS NOT A SECURITY (which was clearly consistent with the SEC’s own enforcement lawyers determination in their 2018 XRP Howey Analysis Report), but since Coinbase intended to seek an IPO, it did not want to list XRP if the SEC disagreed with Coinbase’s determination that XRP is NOT a security; AND AFTER, the SEC DID NOT DISAGREE with Coinbase, Coinbase listed XRP in February 2019, and thereafter, aggressively marketed XRP’s utility in making cross border payments; AND AFTER, IN JUNE 2019, @MoneyGram disclosed to the SEC that it entered into a partnership with Ripple and would be utilizing XRP in MoneyGram’s cross border payments business, and MoneyGram would be selling XRP to the general public; AND AFTER, Former SEC Commissioner Joe Grundfest, who had helped Ethereum Founders liaison with the SEC, wrote a detailed letter to Clayton, Hinman and all SEC Commissioners, pleading with them NOT to file suit against Ripple and NOT allege XRP was a security, especially considering Hinman and the SEC had given ETH a free pass, and because there was NO LEGITIMATE REASON TO TREAT XRP DIFFERENTLY THAN ETH, and, if the SEC, all of sudden, alleged XRP to be a security, it would cause multi-billions in losses to innocent XRP holders with no connection to Ripple, @chrislarsensf or @bgarlinghouse, AND, it would call into question the integrity and discretion of SEC Officials (clearly, Grundfest was the first conspiracy theorist, not me); Despite all the above, and contrary to 76 years of legal precedent, on December 22, 2020, the SEC, with a big push from Bill Hinman, declared ALL XRP - no matter how acquired - even if acquired with no connection to Ripple or its executives - ALL XRP constitute unregistered securities. It was during the last 30 days of President Trump’s first term, and now, slightly more than 30 days inside President Trump’s second term, President Trump, himself, orders a Strategic Crypto Reserve to be established and the VERY FIRST TOKEN LISTED, even before BTC & ETH - is XRP! 🤯 Should be a fascinating discussion with @CGasparino and @lizclaman today.