It's official - the SEC is suing Ripple. XRP holders are likely in for a rough ride.
https://www.businessinsider.com.au/sec-says-ripples-xrp-cryp…
Edit:
From @whooah1979 in the comments below: https://www.sec.gov/litigation/complaints/2020/comp-pr2020-3…
Lol I sold my xrp at about $2.60 or so from memory, why do people hodl stuff like this.
FOMO is a hell of a drug. Same is happening with real estate in Australia.
Got this email this morning, not sure what it means going froward.
"Our economic responsibility into moving forward together
As the coronavirus pandemic is not showing any signs of weaknesses, Ripple is pushing towards economic recovery. With two significant campaigns being launched - the Community Incentive Plan and the Support Program, Ripple is starting to unlock XRP batches previously reserved strictly for enterprise or corporate customers.
With a reserve containing over 5 Billion XRP, these economic revival operations are primarily focused on the current users of RippleNet. "
TBH I'm more concerned about this case setting a precedent that allows the SEC to get it's grubby mitts on other tokens. Would that force people to move to safer tokens? If so what are they? If the SEC win that is. If they lose does that mean they can't come after BTC and other assets?
Little less sad I dropped bags at .70 now …
The SEC only goes after whales that they know are dodgy. They take their sweet time collecting evidence. They then give the whales the opportunity to come clean and pay a small fine. Those that don't play ball ended up on the morning news.
Ripple could have settled this the easy way if they didn't have such a big ego.
Block.one only paid a 0.006% fine for their ICO. Talk about scoring a bargain.
https://www.sec.gov/news/press-release/2019-202
the new LISK
Long island serial killer?
The hash slinging - the mash ringing - the sash -
The SEC tried to subpoena Bitcoin CEO and executives and are still waiting for a response..
My average price is about $4. No harm done :)
lol Thought mine at $3.8 is pretty high already
Some recovery. Ideal ratio is 80% BTC and 20% others. I've seen people having 100% Eth or 100% XRP.
Anyone invested in Mahadao?
Maha = high risk, high gain. DYOR is vital before going degen with low cap.
Yeah. Got in at $3+ with a decent sized bag. These shit coins are nuts.
well now, who else was a little ripple surprised this morning…
https://www.sec.gov/litigation/complaints/2020/comp-pr2020-3…