RobertHarpool Posted October 6, 2021 Share Posted October 6, 2021 Perhaps I like the idea of the SEC determining that USDC is a security after all. Here's the article ... DavyJones, JASCoder, RipMcGillicuddy and 1 other 2 1 1 Link to comment Share on other sites More sharing options...
NightJanitor Posted October 6, 2021 Share Posted October 6, 2021 It does present a number of questions and perhaps a quandary, doesn't it? Link to comment Share on other sites More sharing options...
RobertHarpool Posted October 6, 2021 Author Share Posted October 6, 2021 (edited) @NightJanitor Even though there is no expectation of profit with USDC, because it is stabilized (even partly) by securities like bonds, then USDC is a security itself ... according to our boy GG, that is. Why did Coinbase get a warning but MoneyGram did not? Edited October 6, 2021 by RobertHarpool Link to comment Share on other sites More sharing options...
RipMcGillicuddy Posted October 6, 2021 Share Posted October 6, 2021 Maybe the safest place for Ripple / XRP to be right now is in a lawsuit that will very soon determine exactly what it is. While the rest of the industry begs for clarity... QuantumOfSolace, French, panmores and 4 others 7 Link to comment Share on other sites More sharing options...
NightJanitor Posted October 6, 2021 Share Posted October 6, 2021 (edited) 28 minutes ago, RobertHarpool said: @NightJanitor Even though there is no expectation of profit with USDC, because it is stabilized (even partly) by securities like bonds, then USDC is a security itself ... according to our boy GG, that is. Yeah, but the flip side of "no expectation of profit" = "**** off" is "possibility of loss"="we must protect!"; that's part of the SEC shakedown optionality that it seems some people are interested in preserving for whatever reasons. We shall see. They don't seem to be interested in clarity to the extent that the market could function without their personal "interventions"... (Just a tad odd!) Edited October 6, 2021 by NightJanitor Safety Dance! DannyRipple 1 Link to comment Share on other sites More sharing options...
crazyazz Posted October 7, 2021 Share Posted October 7, 2021 What a shameful fiasco this all turned out to be. Link to comment Share on other sites More sharing options...
brianwalden Posted October 7, 2021 Share Posted October 7, 2021 I wonder if this has anything to do with Jed's abrupt stop in XRP sales? Link to comment Share on other sites More sharing options...
Crypto_Realist Posted October 7, 2021 Share Posted October 7, 2021 This very well could be a blessing in disguise to a degree. This is now evidence of damages caused by the SEC. Besides the QNB RippleNet partnership is exciting on it's own! JASCoder 1 Link to comment Share on other sites More sharing options...
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