US SEC vs Ripple Labs, LLC (Update)
Case Closed? What Will The "Ripple Effect" Be When All Is Said And Done?
Our team has been sharing updates on this historic case for several months now as this story is the ultimate story in the end. A currency exchange does not occur overnight, but that is what this chaos is all about right now. We are talking about freedom, that only comes through the liberation of “We The People” from the illegally created, criminal syndicate known as the Federal Reserve system and its fake, fiat currency.
On 8/7/24, Judge Analisa Torres issued a final ruling in the US SEC vs Ripple Labs case. Ripple Labs has been ordered to pay a $125 million fine per document 973.
This civil monetary penalty happens to be nearly 95% less than the $2 billion fine originally levied against Ripple by the SEC. We would call this a YUGE win for Ripple.
Today’s update from The Fruited Plain on this historic case could be summarized by emphasizing these two statements of fact.
Ripple XRP is NOT a security, as ruled by the US SEC earlier in 2023.
Ripple XRP is now the first digital asset with regulatory clarity in the USA.
What does all of this mean? Well, that depends on who you are listening too. Should the US MSM even deem this story worth covering, it will likely be cast in a negative light, focusing entirely on the $125 million fine that Ripple is being ordered to pay by the court. However, this amount is a pittance or slap on the wrist in comparison to the $2 billion fine that was originally levied against Ripple.
To refresh, Gary Gensler went on record recently stating that all crypto executives will be jailed soon, which is apparently nonsense according to Ripple CEO Brad Garlinghouse. Garlinghouse responded to Gensler with these comments reminding everyone that Gensler and the SEC stood silent during the FTX scandal.
He also reminded everyone that the reduced fine is a major victory for Ripple.
In essence, the US SEC vs Ripple case is unofficially closed as it looks as if Ripple plans to pay the fine in the next 30 days or no later than 9/9/24.
It is also being reported that the US Securities and Exchange Commission (SEC) has signaled that it will NOT appeal Wednesday’s ruling by Judge Torres. More plainly stated, case closed.
Keep in mind that Ripple XRP is already widely implemented in several other countries….some more recently than others.
Yes, 7 years ago, the National Bank of Abu Dhabi Adopted Ripple Cryptocurrency Software.
Late last week, the National Bank of Abu Dhabi announced plans to adopt the Ripple protocol for all cross-border transactions.
Japan announced more recently that all banks in Japan will use XRP by 2025.
And in the Philippines, it is being reported that nearly all banks on the planet have IDs connected to RippleNet.
Of course, the entire BRICS bloc of nations (Brazil, Russia, India, China, South Africa) will likely be using XRP. Iran, Egypt, Ethiopia and United Arab Emirates (UAE) joined BRICS in January 2024. Most recently, it was announced that India and UAE agreed to use XRP for oil payments.
BRICS News: India and UAE Agree to Use XRP for Oil Payments (8/12/24)
Meanwhile, BRICS “payment systems” are expanding rapidly to 150+ other countries while the US Dollar is being set aside like trash.
159 Countries Set to Adopt BRICS New Payment System (8/16/24)
Plainly stated, Ripple has already established its presence globally with office locations in at least 15 major cities. And CEO Garlinghouse recently announced Ripple Swell 2024 will take place in Miami, FL October 14-16
And now, we see notable US Banks like Bank of America, Wells Fargo, and others announcing plans to utilize XRP.
And what a fitting date in time 8/8 was for Ripple USD (RLUSD) to start beta testing in the USA. No, RLUSD will NOT replace XRP as they are two separate things. However, it seems like an odd coincidence that the US Debt Clock would be communicating that a switch has been flipped on the same day that the first RLUSD beta test wallet appears.
And just a few days later on 8/13/24, Ripple was testing 10 quadrillion $ RLUSD? All just a coincidence, right?
Finally, it was pointed out by other analysts, way more observant than the “Maha Collective” team of citizen journalists, that 8/8/2024 in gematria is 8/8/8 as you would add 2+0+2+4=8.
Gematria is the practice of assigning a numerical value to a name, word or phrase by reading it as a number, or sometimes by using an alphanumerical cipher.
When you lay the date 8/8/2024 or 8/8/8 on its side, you get the infinity symbol x 3.
This image is quite fitting really as this bridge currency will likely be the world’s “trade” currency or world’s “bridge” currency from now until eternity or infinity x 3.
The infinity symbol (∞) is a mathematical symbol that represents the concept of infinity, or something that is endless, unlimited, or without bounds.
In other words, the world we have been living in with one country’s currency (currently the US Dollar barely) serving as the world’s reserve currency is over. Ripple XRP has likely already been established as the world’s bridge currency, allowing all recognized sovereign states or nations to have their own currency. Mark our words - a historic moment occurred on 8/8/2024. This date will go down in history.
And guess what we get to remember about it when our grandkids ask us “where were you on 8/8/2024?” We can gently remind them that the corrupt US MSM at the time decided that this story was not worth covering. We can accurately state that “We The People” were quite literally at war with the US MSM and its communist censorship practices. We can honestly tell our grandkids that we had no idea anything historic was happening on or around 8/8/2024.
Just know this…..a new found freedom has just arrived for your grandkids and future generations of Americans, unlike anything we have ever witnessed before.
Let freedom ring!
