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#XRPCommunity #XRP #SECGov v. #Ripple #XRP BREAKING: BELOW ARE THE TWO LEGAL MEMOS THAT HAVE NOW BEEN UNSEALED. dropbox.com/s/j3ei8s01n0kt

dropbox.com

October 19, 2012 Legal Memo.pdf

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3,866

James K. Filan

106k (beware of imposters)

@FilanLaw

Feb 18

1/5 Overall favorable to Ripple and the Individual Defendants. Both memos are from Perkins Coie. The first memo was prepared in February 2012 and sent to Jed McCaleb and Jesse Powell. It says that if NewCoin is sold in what now would look like an ICO

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Jesse Powell

@jespow

Replying to

@FilanLaw

Imagine spending money on legal fees when #bitcoin was $5.

1:12 AM · Feb 19, 2022Twitter Web App

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and

You'd have to cough up a few million in today's value. "That'll be 10,000 BTC sir."

Replying to

and

W/ your stand re Canada gov overreach and early days w/ ripple, why did Kraken relent to US gov and delist #XRP? To be fair, I too have placed self-interest before principle at times. And many employees count on you. Still unfortunate. #courageousoutrider #gravebetrayal

Jesse Powell

@jespow

Feb 20

It was just too risky from a business perspective. Extremely lopsided risk/return profile. Hopefully, we'll be able to relist for US clients in the future. XRP trading has continued uninterrupted outside of the US.