History was made on 12/22/20, when SEC’s Jay Clayton’s final-day act was filing suit on Ripple. The SEC’s mission is to protect investors; it attacked their investment, causing an estimated $15B in investors’ losses. This is an assaulting, profound violation of investor trust.
What if Clayton deliberately activated events that will lead to a decision on XRP. Could this have been intentional. I wonder if he is an XRP holder with a vested interest. Put it this way we would be stuck in limbo with no way forward. Now we know we could have clarity soon.
Don't get me wrong I am just as tossed off as everyone ..but I cant help but wonder if all this is an act to bring about clarity. The SEC case is extremely weak and they know it ..so why the act?
This is why regulation by enforcement wreaks such havoc. By bringing a massive enforcement case, the SEC acknowledges they didn’t “determine” anything, but the crypto markets - under pressure - interpreted the filing as such, causing massive damage to retail holders.
And now the SEC affirms that no determination has been made about XRP and it didn’t order or ask anyone to halt trading / delist, so retail holders shouldn’t blame the SEC but instead - wait for it - blame the exchanges! So who are they protecting?
