Ripple is a private company that owned all these tokens, and they were selling them at an alarming pace. Over a billion dollars in ripples were sold by the company two a combination of retail investors on a global basis and institutions. And now trading at a meagre forty cents a token. I guess if anybody would buy them, you'd have to be a maniac and insane. The company itself, i believe, had closed funding back in february of twenty. Twenty a ten billion dollar valluation,. which left a lot of us to wonder, what is going on here?...
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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