Ripple created an information vacuum such that ripple and the two insiders with the most control over at chris larsen and brat girling house, were able to sell x r p into market. Ripple received legal advice as early as twenty twelve, eight years ago, that under certain circumstances, their token, could be considered an investment contract,. And like an idiot, i pay ten dollars to some apt developer for tokens to play backgammon. The next ripple used this money to fund its operation without disclosing how it was doing so....
Jason's Twitter thread on the SEC suing Ripple: https://twitter.com/Jason/status/1341503149245272064
SEC Complaint: https://www.sec.gov/litigation/complaints/2020/comp-pr2020-338.pdf
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