The SEC needs an intervention.
I sincerely hope those who did not support Ripple in this lawsuit previously, now understand that our entire industry is under attack by an incoherent SEC drunk on power.
This is a 1T$ industry.
Despite Gensler's laughter, none of this is funny.
Just so we’re all clear here, the SEC has no authority over pure commodities or their trading venues, whether those commodities are wheat, gold, oil….or #crypto assets.
SEC Chair @GaryGensler described #Bitcoin as private money, and claimed private money has a history of failure. He's wrong twice. 1st; Bitcoin isn't private money, it's a private digital token. 2nd; it's not private money that has a history of failure, it's government fiat money!
This lawsuit is not about the @SECGov - it is about Clayton who might have used the institution for his personal gains as a tool to cut off competition to protect his personal investment. $XRP #XRPCommunity@GaryGensler look into this.
I think Anja Manuel was way too easy on you @GaryGensler - considering what has been going on for years. Please have a glance at this 2018 Ripple SWELL clip. Your condescending giggle & remarks today have left most of the world shaking their head in disbelief.