Sorry but two quick posts one after the other. That is just not done. But what the hell. Been sitting in the cribb room and bored. Stayed back a couple extra days to help demob the cranes and equipment from site and sometimes that can mean sitting in the cribb room and getting bored.
Crypto Is Easy
Was reading @MarkHelfman “Weekly Rundown” newsletter and it contains a piece on Ripple Labs and their XRP token. The SEC also gets an honorary mention. So with out further ado.
Disclaimer: Mark has given B18CCS permission to reproduce content, within reason.
”Ripple ordered to pay $125 million in penalty for improperly selling XRP tokens”
“Bottom line: a US court ordered Ripple to pay a civil penalty of $125 million for selling XRP to institutional investors, a fraction of the $2 billion that US regulators wanted. The judge found no evidence of substantial losses, fraud, or bad conduct.”
Marks take: US regulators lose another court case? No surprise. They’re fighting an uphill battle. THE XRP TOKEN IS STILL USELESS, but the market will eventually figure that out. Meanwhile, US regulators show they are powerless to stop crypto. Even when they win, they can barely collect what they’re asking for! (Sadly, they can still make life hard for US-based crypto businesses and developers. This doesn’t change our investment opportunities.)
Why you should care: you won’t let the crypto fearmongers influence your opinions and decisions with stories about the US government crushing crypto."
Just had to share, as always compelled to comment on posts that are shilling the XRP token and/or simply confusing Ripple Labs and XRP token as one and the same thing. And Mark is better with words than I am.
Note: I put THE XRP TOKEN IS STILL USELESS in capitals for effect.
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