Ripple ‘guilty of fraud,’ but not securities law violations: Messari’s Selkis
Ripple Labs has been fighting the United States Securities and Exchange Commission (SEC) in an ugly court battle for almost a year now. And yet, still, there is no respite in sight. When the blockchain firm was first accused by the watchdog of violating securities laws, many in the crypto-community came out to support Ripple.
Not everyone, however.
Messari CEO Ryan Selkis believes that while Ripple is not guilty of the aforementioned, it is actually guilty of fraud and should be charged accordingly.
In a Twitter thread attacking the SEC’s leadership, the exec noted,
“They misled XRP holders over insider token selling, selectively disclosed data, and hyped partnerships as value additive to the underlying currency.”
Selkis also argued that had SEC
Read more on ambcrypto.com
