XRP experienced a notable decline amid SEC's remedies brief, reflecting bearish trends and a contraction in trading activity due to regulatory uncertainty.
"Breaking news: The US Securities and Exchange Commission has shut down the auditor of Donald Trump’s social media company, accusing it of 'massive fraud' "
The SPAC, Special Purpose Acquisition Company, is a dormant financial tool- a shell company, existing only on paper.
DWAC was created w the help of ARC Capital, a China Shanghai-based firm specializing in listing Chinese companies on American stock markets that has been a target of Securities and Exchange Commission (SEC) investigations for misrepresenting shell corporations. Aka:Fraud.
Jeff Yass is the biggest institutional shareholder of SPAC DWAC that merged w Lies Social. Susquehanna International Group LLP, owner is the same GOP megadonor Jeff Yass.
The deal is to give fraudster, criminal defendant a massive financial lifeline.
Yass also co-owns Chinese company ByteDance, and is openly attempting to game the 2024 presidential election for himself, and has been talking with Trump a lot.
In conclusion, Yass' China based SPAC merged with a worthless, debt ridden maga message board company simply as a way for donors to funnel money to Donald without scrutiny.
"Republican-led states, energy industry companies and business groups say the rules amount to environmental regulation and therefore overstep the #SEC's legal mandate.
On the other side, environmental groups including the Sierra Club and Natural Resources Defense Council have said the rules do not go far enough. A more stringent initial draft was diluted."
OC MetaLawMan Criticizes the SEC’s Disgorgement Filling (coinedition.com)
Popular crypto attorney James Murphy, also known as MetaLawMan, has raised suspicions regarding the SEC's proposed disgorgement filing against Ripple.
OC Ripple Moves to seal Documents in SEC’s Battle: What's Behind the Sealed Documents? (coinedition.com)
Ripple moves to seal documents in SEC battle over XRP status, with implications for crypto market stability. Read more on C.E.
OC Ripple's XRP Plunges as SEC Brief Stokes Legal Woes (coinedition.com)
XRP experienced a notable decline amid SEC's remedies brief, reflecting bearish trends and a contraction in trading activity due to regulatory uncertainty.
OC Court Documents Show The SEC is Partially Opposed Ripple's Motion to Seal (cryptotale.org)
Latest court documents show that there are certain things the SEC is opposed to in Ripple motion to seal.