[WinstonSmith84]

> 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]

Didn't EOS sell $4B worth? https://decrypt.co/80144/4-4-billion-eos-token-raise-fueled-...

[WinstonSmith84]

Fair 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