Dec. 24, 2020
The SEC is failing to understand the importance of digital assets! The SEC mission was to protect the American investors money from fraud and money laundering but failed at it! On December 22,2020 ,the SEC filled a lawsuit against an American company, Ripple causing more than a 70% sell off causing millions and billions of American dollars to be lost! Jay Clayton should be in INVESTIGATED and fined for filing an useless lawsuit causing millions of American investors to lose money before the holidays. As an XRP holder, I do not nor have I ever been, under the impression that I am entitled to shareholder rights for purchasing the virtual currency XRP. Chris Larson founder of Ripple Company, was forced to sell off over $550 million is “unregistered securities” due to this lawsuit and FUD this created. The SEC decision to sue Ripple after a 7 year “investigation” triggered a massive sell off in XRP. It has been deemed NOT A SECURITY by the UK, Japan and many other countries as well. Ripple has gone above and beyond trying to bring clarity here in the US but the SEC is failing to understand. WE NEED REGULATION after your Crypto Finance meeting on January 19-22 with Cfc St. Mortiz!