SEC vs. Ripple
Oh boy, big day today .......
The SEC filed an amended complaint today and oh boy, the SEC just doesn't look any better going this route.
General Counsel at Ripple, Stuart Alderoty formed it better than I could ever do, so these are his words:
Yes, selling done by Brad and Chris, not good, probably a fine ! ! ! The Escrow business, yes, there are some question marks, but amending the complaint:
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A Digital Asset Security ! ! ! !
That is a new terminology, I wonder if there is a Digital Asset Currency and A Digital Asset Commodity ! ! !
First of all, the complaint comes a couple years late, terminology has been presented before (Security, Currency and Commodity) but now we are just changing the game, wow ! ! ! I wonder how a judge is going to look at that.
Bringing in new evidence ? ? ?
Nothing new, just a different name and once again a little late. The whole complaint is very long, nothing really has changed, but this terminology, and no I am not a lawyer, nor do I claim to know everything about American Law; but this does not age well, in my honest opinion.
I do see, this is going to hurt the United States more than the rest of the world. It already did and that either ...... doesn't age well. This is not over yet, I am pretty sure about that. United States Citizens can only buy on two Exchanges, Bitrue & Uphold, and it even may be taken a step further, Americans can just NOT hold XRP ! ! !
It is a big circus and I hope this will be cleared soon. Nobody is benefitting a long trial; the whole crypto industry will be influenced.
It is time for all the conspiracy theories now and one I may add to the table ..... Is it actually the SEC who is behind all of this, what about companies, wealthy individuals that are trying to manipulate from the back ..... who knows. We will hear more and more in the coming days, starting on Monday, that is when the whole agenda will be made up. Good luck Ripple, Go get them ! ! !
**STAY SAFE ! ! !
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