The top comments on those twitter posts are already people whining about "Ohh but you let us buy it for years without saying". Well, the saner voices had always been telling you that its a scam. There was zero distribution of this copycat coin. They simply gave all of the pre-mine to themselves and let the price be piggybacked by retail investors.
Also, note that the SEC is calling it an "ongoing digital assets securities offering". Ongoing because all that Garlinghouse and his buddies do is sell those XRP slowly into the market (55 billion of which they still have). They use these funds to attract banks as partners showcasing their "technology". Their "technology" is essentially just a few servers running a private blockchain.
XRP is just the biggest of these pre-mined abominations that have flooded the space post ICO boom-bust. XRP is particularly irresponsible because they have carried the facade of doing important work for so many years while doing little else than going to party dinners and playing with the money they gave themselves.
Topic: SEC charges Ripple and two executives with conducting $1.3 billion unregistered - page 2. (Read 258 times)
December 22, 2020, 11:12:59 PM
December 22, 2020, 11:03:38 PM
Another Bad Image that probably would affect the Whole Crypto Community and Cryptocurrency Image.
This past years, a lot of scheme to scam uses crypto as its front. and this could really hurt the image of crypto.
i hope it doesnt
This past years, a lot of scheme to scam uses crypto as its front. and this could really hurt the image of crypto.
i hope it doesnt
December 22, 2020, 11:03:29 PM
Interesting... I don't like Ripple but I hope that this will not drag down the other coins too.
IMO they deserve the charges. Ripple is not real crypto anyway. It's close to 40 cents now and we could see it under 20c!
I think its inevitable event to occur that Sec will pursue them since there are no clarity with their platform and coin usage. Literally they can make a platform without their tokens. So I assumed their gonna be heavy questioned about it.
December 22, 2020, 10:54:54 PM
https://twitter.com/SEC_News/status/1341477833810522114
Press Release SEC Charges Ripple and Two Executives with Conducting $1.3 Billion
https://www.sec.gov/news/press-release/2020-338
It took them so long but after so many years the biggest scammers in crypto will finally pay their debts.
Press Release SEC Charges Ripple and Two Executives with Conducting $1.3 Billion
https://www.sec.gov/news/press-release/2020-338
It took them so long but after so many years the biggest scammers in crypto will finally pay their debts.
Interesting... I don't like Ripple but I hope that this will not drag down the other coins too.
IMO they deserve the charges. Ripple is not real crypto anyway. It's close to 40 cents now and we could see it under 20c!
December 22, 2020, 07:59:32 PM
https://twitter.com/SEC_News/status/1341477833810522114
Press Release SEC Charges Ripple and Two Executives with Conducting $1.3 Billion
https://www.sec.gov/news/press-release/2020-338
It took them so long but after so many years the biggest scammers in crypto will finally pay their debts.
Press Release SEC Charges Ripple and Two Executives with Conducting $1.3 Billion
https://www.sec.gov/news/press-release/2020-338
It took them so long but after so many years the biggest scammers in crypto will finally pay their debts.
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