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I saw some articles where they suggested this announcement is strange It is not strange, the SEC sends what are called Wells Notices to companies and reporting
by vmception 6y ago
I saw some articles where they suggested this announcement is strange
It is not strange, the SEC sends what are called Wells Notices to companies and reporting companies often announce the receipt of them
Ripple is not a reporting company and doesnt have an asset to report on, and coming to an agreement with the SEC on staying that way has hit an impasse, for them to announce this
- hombre_fatal 6y agoI did notice Vitalik Buterin's tweet about some "strangeness": > Looks like the Ripple/XRP team is sinking to new levels of strangeness. They're claiming that their shitcoin should not be called a security for public policy reasons, namely because Bitcoin and Ethereum are "Chinese-controlled". [Two relevant screenshots of the document enclosed in tweet] https://twitter.com/VitalikButerin/status/1341219519545556992 https://twitter.com/VitalikButerin/status/134121951954555699...
- efwfwef 6y agoThanks for sharing, not sure why you're getting downvoted as Vitalik always have good insights
- octoberfranklin 6y agoIt's not weird for securities law, but Wells Notices are kinda weird in the broader context of the US legal system. The DOJ doesn't let you know they've convened a grand jury.