>SEC is too smart to full out ban cryptos overnight. their function as an organization is to protect investors, and this would in theory wipe out every investor, which is something they would NEVER do.
you are legitimately retarded, acting like you know what the sec will do when this guy is former CFTC regulator.
1. xrp and eth are a fucking pimple compared to the securities market cap.
2. everybody knew or should have known this shot is coming by now
3. your not an investor, your a dumb ass that purchased illegitimate securities which were issued in contravention of securities law.
your free to believe the best possible outcome, but i wouldn't be so sure
regulators are not out to see the world burn, and that's a fact. he's a journalist so he sensationalizes, that's what journalists do. this is a warning shot across the bow for future crypto companies. also I wish XRP was destroyed over this because it's a total piece of shit but it won't be.
James Gutierrez
dude. if you are smart youd get the fuck out now
otherwise you are literally relying on the sympathy of regulators who are guaranteed going to act this year.
Andrew Rivera
I work in finance and actually work with the very regulators you speak of. I understand why you see it this way though. before I had this job I assumed they were out to get everyone too. their function truly is to protect people from their own stupidity. even if a company messes up, they work with them to fix it before any news comes out.
Caleb Johnson
i understand, so what we can expect is a trickle of warnings with increasing levels of authority until it's clear to everyone that the determination will be made they are securities.
Wyatt Gomez
yes but on the side deals will be made as well. polo is rumored to be the platform that will first support securities in full since a goldman sachs startup bought them. so you probably want to get your verification done there now if you haven't already. I suspect gemini will also strive to be compliant as soon as they can.
XRP is probably more in danger since it was never proof of work and is the most manipulated coin in the past 5 years.
Hudson Harris
Near 100% certainty there will not be retroactive enforcement. The SEC will put regulations on Ripple going forward to comply with. And will be in effect at the same time forward looking regulations on exchanges operating in the US.
Ironically XRP is better suited to comply with regulations given Ripe the company oversight. Not sure how Ethereum Foundation will comply.
