SEC Sues Crypto Exchanges for Delisting XRP and Hurting Innocent Investors

Never shy about stepping in when they feel the fragile everyday investor is in peril, the Securities and Exchange Commission (SEC) issued a lawsuit Friday against all cryptocurrency exchanges that recently delisted the digital token XRP in light of an SEC lawsuit against blockchain payments company Ripple.

“What an egregious and harmful thing these cryptocurrency exchanges did by delisting XRP,” said acting SEC Chairperson Allison Herren Lee to XRP_Productions reporters. “Well, they might not care about innocent investors, but we do, damnit, and we're gonna bring down the hammer.”

SEC Acting Chair Allison Herren Lee telling reporters how appalled she was when she found out how many cryptocurrency exchanges “irresponsibly delisted XRP and harmed the poor little investors” after the SEC's lawsuit against blockchain payments company Ripple.

While the new lawsuit hopes to right the wrongs of the exchanges' recent actions concerning XRP, Lee hopes the current Ripple lawsuit can also act as an additional future protection to investors.

“Yes, with this lawsuit we are going after exchanges for shamefully delisting XRP,” said Lee, drawing dollar signs in her notebook, “but if our current case gives clarity that XRP is a security... we're gonna cornhole 'em with ANOTHER lawsuit! It's PERFECT! Cha-ching!”

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