“From at least 2013 through the present, Defendants sold over 14.6 billion units of a digital asset security called “XRP,” in return for cash or other consideration worth over $1.38 billion U.S. Dollars (“USD”), to fund Ripple’s operations […] Defendants undertook this distribution without registering their offers and sales of XRP with the SEC as required by the federal securities laws, and no exemption from this requirement applied”, — 20 Civ. 10832 case complaint filed [1].

In actual fact, the definition of “security” in potential is much broader than it even could be imagined. The regulators strengthen de facto their…

Yaroslav Levishchev

Working hard in the PE & VC field. Global Shaper of the World Economic Forum @WEF.

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