Interestingly enough, back in the day when ripple was first starting it was heavily promoted by the wall street crowd as being superior to bitcoin because it was "regulated". The logic was that ripple could better be incorporated into the traditional financial system because it would be easier to allow for know your customer and anti-money laundering compliance.
As someone who is a huge supporter of decentralized/unregulated crypto like BTC, I am just laughing my butt off watching the SEC rip ripple to pieces like this. Hope it shuts down.
It gained credit when google ventures invested in it back when it was open coin. I laughed at the thought of a competitor to bitcoin. Like what’s the point. But when Btc had its issues, I knew then I was wrong.
As someone who is a huge supporter of decentralized/unregulated crypto like BTC, I am just laughing my butt off watching the SEC rip ripple to pieces like this. Hope it shuts down.