Ripple David Schwartz Stablecoin Issues, XRP Friendly Judge MOVE, NOBODY JOINED Anti-Crypto Army

Ripple David Schwartz Stablecoin Issues, XRP Friendly Judge MOVE, NOBODY JOINED Anti-Crypto Army

we are very open to thoughts and suggestions we want the xrp ledger to be you know owned and controlled by the community the participation that we’ve seen from validator operators from developers has has just has just been amazing hey hey everybody it’s Edie from Tokyo this is your cryptocurrency update from Japan and that intro was David Schwarz the CTO of Ripple expressing how Ripple would like to see The xrp Ledger owned and controlled by the community I know I talked about it in yesterday’s video but I thought it would be good to hear it in his own words while he was at the xrp Las Vegas now the amm was heavily discussed too while he was on stage and there’s a little bit more outflow than inflow the fees of 1.4 th000 for the week 17 is shared by more than five platforms so I know these guys are really watching the volume closely 428 pools that seems like a lot but many must not be traded because the volume is under 200,000 David has said how important it is to have a quality stable coin so I’m holding out to see the impact of that stable coin for the amm David wasn’t always convinced that stable coins were going to be a global solution you can see here I have an old post that I found on Kora and it is from 2019 and he’s bringing out the issue of centralization with the partnership that occurred between stellar and IBM he said that the use of stable coins doesn’t make sense to him even if all the banks got regulatory approval to issue their own stable coins the goal of mass adoption a universal Bridge has to be geal politically neutral and a usdb backed stablecoin doesn’t solve for that so he goes on to say that he doesn’t see how a centralized stable coin can be part part of global pools of liquidity that anyone can contribute to or Draw off of well we know with USD tether making up more than 80% of the volume in crypto is definitely part of a global liquidity pool so you just never can foresee the future exactly the way it turns out if you like to go through those old posts quora is a great place to go David Schwarz has been posting on there for years and still does as of late The Honorable Sarah netburn a US Magistrate Judge for the US District Court of the southern district of New York assisting in the Ripple case I think you recognize her name was nominated and received in the Senate and referred to the committee on the dud AR to replace the honorable Laura G scoffield who is retiring now FAO asked what implication does this have in the SEC versus Ripple case and Mark fagel replied that no impact judge Torres Remains the presiding judge and they might need a different magistrate to hear Discovery motions with net Burn’s elevation but at this point in the case it’s presumably moot should you want to follow it on the government 118th Congress website the action is pn1 1653 some interesting news I think was the US crypto super Pacs have raised more than a 100 million so this report says on Market screener today of the that 100 million 54 million of that war chest comes directly from corporate expenditures primarily from coinbase and ripple Labs the crypted super packs which stands for the political action committees have said that they’re going to focus their spending on November’s US Senate races in Ohio and Montana now I want to share a background story this is about dispersion capital and it’s got a big surprise Patrick Chang last May the founder and managing partner raised enough Capital to launch a $40 million fund for a decentralized infrastructure and ripple was a participant one of the Investments they made was in a company called Volta three days ago they received 4.1 million in a seed funding round alongside the support of dispersion Capital now here’s the surprise this changes everything Direct Control of digital assets without a centralized platform this is a non-custodial platform for financial institutions with a smart contract multi-sig wallet so in microsc you can custody transfer manage and trade I mean seriously think about this if there is no need for an exchange or a custody entity and you can manage all in a decentralized manner this is a boom announcement and taking you out on this video is Ian Kaine he is running against Attorney John Deon and also Senator Elizabeth Warren he wants that senate seat in Massachusetts he was on a podcast and he’s talking about crypto it’s quite interesting have a listen until next time do take care sign for now bye bye today on the podcast I sat down with Ian Kae Republican candidate for US senator in Massachusetts against Elizabeth Warren the current Massachusetts senator from Oklahoma so let’s get the main event here you are running for US senator against Elizabeth Warren how did this all come about as someone who’s known you for a long time I always figured you’d do something big but this is a big move outside of you’re trying to push me this way then yeah exactly no this wasn’t all that premeditated to be honest with you I’d been comfortably in my city council role and had just started looking at this in probably February and what I see here is that we have a person that currently sits in this seat that does not participate in Massachusetts this is a person that’s largely focused outside of Massachusetts on issues that Massachusetts residents do not care about we have an opportunity to take back a seat for the people here in Massachusetts to give them representation that they don’t currently have I think that what we’ve seen over the past 12 years is a person who was bestowed upon the Commonwealth of Massachusetts from Washington and took a position in the state but was immediately looking at getting back to Washington to run for president of the United States and it was clear that Massachusetts residents weren’t interested in her being president and that the country wasn’t interested in her being president either so you have a person that’s sitting in this seat that has settled on the US Senate because they didn’t get the job that they really wanted which is not good in quinsey we’re the seventh largest city in the Commonwealth and I’ve never seen Senator Warren in quiny for anything we don’t hear from her or her office about connecting on any particular issues are getting any insight and I know that personally if you’re not talking and connecting with people whether they’re constituents or local elected leaders in government to understand what’s going on on the ground then you’re not doing your job every political job is a constituent service job you go to DC to make the votes but you do the work in the place that you represent so it’s pretty wild to me that I’ve never seen that person here so this is a chance to really leverage the skills that I’ve developed and the experiences that I’ve had not only in the public sector but in the private sector as a coalition Builder as an economic developer both locally and globally to bring that experience to cities and towns across Massachusetts because the city council role is totally replicable across 351 cities and towns in Massachusetts and you get to take that to the federal government and Marshall resources back here for the state so when I’m out about talking to people on the weekends and going to kids soccer games and things like that no one really talks about crypto to me it is probably the number one issue for me political context it is surprising to me that Elizabeth Warren has taken such an active stance against it so is there a Marketplace for her anti-crypto ideas in this state why do you think she has taken such a stance so I think it’s more political opportunism I think it’s a very easy thing to take a constituency that is not necessarily as politically organized or doesn’t have concentrated votes in particular areas is and make them the fall make them the bogey person and she does that with a lot of different groups so in this case I’m going to form an anti- crypto Army which I can’t imagine anyone signed up to join I don’t think that that actually exists but that’s talking about the ambiguity of millionaires and billionaires not paying their fair share or talking about the poor people who are prevented from Blue teex and apples market share and Tesla and Elon Musk let’s take a prominent enough concept just so so that I can align with them but it actually has nothing to do with the issues that people care about in Massachusetts it’s not advancing any agenda it’s not making my life any better it’s not in proving that the people who are hurt by inflation right now and can’t afford housing they can’t afford regular groceries kids the CTI tuition is insane cost to healthcare those are the real issues that people care about and if you’re not finding ways to improve those pocketbook issues then you’re really not doing anything so how does that feed into how you would describe your priorities for this role and interested to see how crypto even factors into that it sounds like it’s probably not the number one issue people care about obviously you’re I would say an expert in the space but how do you contextualize just what you want to focus on so crypto is certainly an issue and I think one we can talk about this forever because I love this crypto unfortunately has developed a bad connotation it’s a negative term almost and that’s because of a couple of Bad actors in the space that you guys categorize and talk about regularly which is great because you’re like we’re not them we’re trying to to partner with government to make this space absolutely legitimate that there are real rules in place that govern our operations and regulations you’re asking for that that’s very clear so it will be an issue and especially in the broader context of Economic Opportunity so if you have a sitting member of Congress that is actively working against Innovation and economic growth and economic potential in actually what will end up being a globally competitive way where we’re losing Minds where we’re losing potential financial gain not only for residents of the country but money that could be obviously put into the government coffers which nobody’s interested in really paying but of course there’s that aspect of it then that’s somebody that needs to step aside that’s halting progress from our general economy the true issues that matter especially to Residents in Massachusetts right now are issues are On the Border in illegal immigration we in Massachusetts have been absorbing a very unfortunate migrant crisis we’ve been taking people into the state and it’s been costing the state an absurd amount of money last year alone it was a billion dollars and the fiscal year 25 is projected to be another billion again this member of Congress had the opportunity most recently to offset some of those financial constraints that have been put upon the state through a bill and she passed and that’s unfortunate because people are looking for Relief again from anywhere that they can because they’re so hard pressed in other areas so I outlined a whole bunch of those issues that matter to people those pocketbook issues but it starts with this migrant issue and then it goes into General econ iic opportunity and then housing in Massachusetts we’ve got a really really big problem where there’s no current path that used to exist for people to participate in the housing space as they once could housing prices have gone Skyhigh because of the limited Supply that exists in desirable places where people want to live especially around the Greater Boston area but then you couple that with the fact that we have failing and crumbling infrastructure so it’s not just roadways but think about the transit system that is unreliable so we have limitations in how far outside of the Greater Boston area people are willing to live so it’s a whole host of things that interconnect but it all comes down to improving people’s ability to live better lives to enable them to live better lives the infrastructure thing is something that we obviously see every day living up here in the Boston area it strikes me that someone like a Chuck Schumer has done a really good job of getting money for his State and building out new companies and building out infrastructure in New York why is Massachusetts not gone in that direction it’s just that no one wants to work with Elizabeth Warren on a bill or maybe she doesn’t want to work I don’t know it’s either an unwillingness or a reluctance to do the work because the work is tough so from my perspective I can work with anyone I don’t care what you think I know what my job is I know what my job would be and that’s to work with people who I might not agree with any issue but we got to figure out a way to get what people in Massachusetts need there are models of this that used to exist and irrespective of parties there’s Ed Brook in the’ 60s and 7s there’s tip O’Neal was the longtime Speaker of the House who worked collaboratively with Ronald Reagan the Republican to get things done Ted Kennedy is another we’ve had many people that have represented our government in different ways that got the work done and they didn’t let their party affiliation get in the way of the job totally

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Ian Cain runs against John Deaton and Elizabeth Warren for Senate
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