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> This could become much bigger if the SEC uses this enforcement as an example reference case for future actions against other token projects that followed a si
by WinstonSmith84 3y ago
> This could become much bigger if the SEC uses this enforcement as an example reference case for future actions against other token projects that followed a similar playbook over the past several years
There is no other project, not even a close one, who sold tokens worth almost $1b rewarding their execs, while offering no value whatsoever.
This is not a win for the SEC, this is the case they truly couldn't lose. Yes, they didn't lose everything but that was also not possible to begin with
- Psyonic 3y agoDidn't EOS sell $4B worth? https://decrypt.co/80144/4-4-billion-eos-token-raise-fueled-wash-trading-says-new-research https://decrypt.co/80144/4-4-billion-eos-token-raise-fueled-...
- WinstonSmith84 3y agoFair enough, forgot about that one... At least for EOS, that's a blockchain, and the token has a utility unlike XRP. Also in defence to the EOS foundation, which to me acts in good faith, it's block.one (the company at the origin of EOS) which pocketed the whole $4b