Ripple Ruling, Expectations vs. Reality, and Good Podcasts
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What’s up legends 🤘
Excited for this week’s newsletter. On the docket we have:
🦾 Ripple ruling and its effect on the crypto industry
🫵 How expectations are holding you back
👂 Podcasts I enjoyed this week
No time to waste 👇
Ripple Brings Home A Win For Crypto 🎊
As most know, Ripple has been in an ongoing court battle with the SEC since
December of 2020.
The case is rather complicated, but today there were some major moves forward.
Judge Analisa Torres ruled that XRP, Ripple’s native crypto token, is not a security when it comes to programmatic sales.
The sale of XRP on exchanges is NOT a security. Which means the sales of all cryptos on exchanges are NOT securities and @SECGov and @GaryGensler have NO jurisdiction over them. This is a watershed moment that relegates the SEC to TradFi and makes it a dinosaur regulator. Buh-bye
The price of XRP shot up 96% percent and brought the market with it, specifically three coins.
Solana, Polygon, and Cardano are all moving today, but why those specifically?
Well, because they were the big three that were called out as securities by the SEC in the Coinbase and and Binance cases.
AND because XRP is not a security, that means the SEC most likely has an invalid argument on the rest of the tokens they labeled securities.
The outcome of this case gives some clarity as to how things will go in the future, and right now the market loves it.
Not to mention, this pretty much guarantees Coinbase a win against the SEC as they have demonstrated over and over that they have operated accordingly.
Coinbase has already elected to relist XRP on their exchange.
W.
W for @Ripple.
W for the industry.
W for the builders.
W for a clear rulebook.
W for updating the system.Oh, and XRP is now open for trading.
Huge win for the industry and makes me excited to continue working to make an impact here.
Expectations vs. Reality ⌛️
Recently, I have meditated on why I am not where I want to be.
I spend a lot of time thinking about it, and this is part of the problem.
I am almost certain that many of the people reading this have felt the same way at some point.
What I realized:
We set goals and ideals for ourselves.
We expect ourselves to live up to those ideals.
When we don’t live up to our expectations, we sit in a pool of self shame.
The shame marinades and pushes us further down.
The larger the gap between where we are and where we want to be, the more shame we feel.
This destructive way of thinking puts us in a negative feedback loop that does the direct opposite of what you are trying to accomplish.
Don’t be so hard on yourself, trust the work you put in, and live in the moment.
The only thing you can control is the present.
Podcasts You Need To Hear 🗣️
I have listened to some really good podcasts recently.
These are my recommendations based on your category of interest:
Fitness and Mindset
#652 - Chris Bumstead - The Mindset & Motivation Secrets Of 4X Mr Olympia
open.spotify.com/episode/2jBmfXBnhxbs72EzzgYR2f?si=b6975556c08c4551
Science You Can Use
Dr. Robert Malenka: How Your Brain’s Reward Circuits Drive Your Choices
open.spotify.com/episode/4JTAvv9UTogqXTNlobxjNa?si=a312c6d7b3b343c8
Business, Finance, Politics, And More
E136 Hacking the pod, Threads launches, Fed minutes, immigration debate, balloon farce, heart health
Listen to this episode from All-In with Chamath, Jason, Sacks & Friedberg on Spotify.
open.spotify.com/episode/5s7WNkjGM5CTKHPS6lNF6t?si=53c7199a9f6a4ded
Politics
#388 – Robert F. Kennedy Jr: CIA, Power, Corruption, War, Freedom, and Meaning
open.spotify.com/episode/79FahX9EZKO61lXPIrBqz8?si=9f073b4d07204fb4
Cool Shit, Music, Life Stories
open.spotify.com/episode/4MXoQ6wWLIo9FhbNcGImQC?si=40ee115c0c9a46dc
Let me know your favorites!
Quote of the Week ❯
“Play for the name on the front of the shirt, and they will remember the name on the back.”
— Tony Adams
Win of the Week ❯
Planning and journaling by writing things down. I normally try and store everything in my head. This doesn’t work. I am making a conscious effort to change.
Don’t miss out on learning, staying up to date on crypto, and following my journey. Hit that Subscribe button. Til next week. Much love