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Indebta > Markets > Crypto > Harry Potter Stars Clash with Ripple Executive Over London Home Renovation Plans – What’s Going On?
Crypto

Harry Potter Stars Clash with Ripple Executive Over London Home Renovation Plans – What’s Going On?

News Room
Last updated: 2023/09/09 at 5:42 AM
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A Ripple executive is facing opposition from three renowned Harry Potter film stars over London home renovation plans. 

The dispute involves Sendi Young, Ripple’s managing director for the UK and Europe, and her plans to renovate her 1960s one-story home in the picturesque London neighborhood of West Hampstead.

According to a report from the Camden New Journal, the neighbors adjacent to Young’s property include Emma Thompson (Professor Trelawney), Imelda Staunton (Professor Umbridge), and Jim Broadbent (Professor Slughorn) from the beloved Harry Potter film franchise. 

These A-list British actors, along with their spouses, have united to voice their opposition against the proposed home renovation.

Their primary argument is against the house’s would-be modern and boxy design, which the actors find incompatible with the neighborhood’s Victorian aesthetics. 

In a letter to the Camden Council, Emma Thompson said that the proposed design would be more suitable for Malibu than the historic Conservation Area of West Hampstead. 

“This proposed building is as out of keeping with this Arts and Crafts area as it is possible to imagine. I have no inherent issues with modern design, but like planting trees – the right design in the right place. This is the wrong design in the wrong place.”

Imelda Staunton and her husband, Jim Carter, shared similar sentiments, criticizing the “uncompromising and stark” use of metal cladding, comparing it unfavorably to an industrial estate rather than an Edwardian residential area.

Both Thompson and Jim Broadbent raised similar concerns in emails to the Camden Council, arguing that approving the design would establish a “dangerous precedent” for the neighborhood.

Actors Raise Environmental and Safety Concerns

The actors did not limit their objections to aesthetic matters, also raising environmental and safety concerns. 

Staunton claimed that the proposed home would cast shadows and block daylight, potentially harming the wildlife that frequently visits her garden sanctuary. 

Additionally, the actors questioned the privacy and well-being of female students from a nearby school, fearing that the Youngs’ planned floor-to-ceiling windows could invade the students’ privacy and disrupt their activities on the adjacent cricket field.

Despite the celebrities’ various protests, the Youngs ostensibly aim to move forward with the plan. 

Scenario Architecture, the design firm responsible for the plans, defended the project and responded to the backlash from local celebrities. 

“We are surprised that people involved in a creative industry are so conservative when it comes to another field,” a representative for the firm reportedly said. 

The recent dilemma comes as Ripple has scored a win against the Securities and Exchange Commission (SEC).

Back in July, a US court ruled in favor of Ripple in the ongoing lawsuit brought by the SEC, claiming that selling XRP on exchanges in itself does not constitute an investment contract. 

The ruling, issued by the District Court for the Southern District of New York, stated that the “offer and sale of XRP on digital asset exchanges did not amount to offers and sales of investment contracts.”

However, the federal judge also ruled that XRP is a security when sold to institutional investors, as it met the conditions set in the Howey Test.

Read the full article here

News Room September 9, 2023 September 9, 2023
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