SEC v Ripple – Teardown Part 3 – Will XRP go to zero?
230SEC v Ripple – Teardown Part 3 – Will XRP go to zero?
On December 22, 2020, the Securities and Securities And Exchange Commission (SEC) dropped a bombshell complaint against San Francisco-based Ripple Labs.
According to the SEC's complaint, Ripple; Christian Larsen, the company's co-founder, executive chairman of its board, and former CEO; and Bradley Garlinghouse, the company's current CEO, raised capital to finance the company's business. The complaint alleges that Ripple raised funds, beginning in 2013, through the sale of digital assets known as XRP in unregistered security offering to investors in the U.S. and worldwide.
We will dive in and tear down the complaint.
Part 1 of the teardown: https://youtu.be/Q70k4dmTf9g
Part 2 of the teardown: https://youtu.be/o3pD3HrQI8I
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