SEC “Appalled” People Expect a Profit From Holding XRP
Opining that this rare and dangerous type of mindset is what ruins the otherwise promising future of the cryptocurrency space, the U.S. Securities and Exchange Commission (SEC) wrote in a letter to the court Monday that they are “appalled and horrified” that holders of the digital asset XRP perhaps expected to one day make a profit.
“This is sickening and a large part of why we felt we just had to sue [blockchain payments company] Ripple,” said an SEC spokesperson to XRP_Productions reporters. “You really don't see that greed in other cryptocurrencies like Bitcoin and Ethereum. Were the people who bought ETH in 2014 to fund the Ethereum Foundation expecting a profit? Of course not. Shame on these greedy XRP holders.”
Acting SEC Chair Allison Herren Lee telling reporters she is “disappointed that XRP buyers couldn't be more like Ethereum buyers” and not expect profits from their crypto purchases.
The opinion has come under fire from worldwide XRP holders, many of whom attest that XRP's utility, Ripple and non-Ripple affiliated use-cases, and supreme tech give them solid reasons to purchase and hold the decentralized asset with a realistic expectation that it will hold or increase it's current value.
“Kiss my butt, SEC,” said Leonard Mingus, a 4-year XRP holder from Liverpool, England. “My whole, entire butt.”