By the way, in case you're not watching the #cryptocurrency space, the #SEC recently filed a suit against #Ripple Labs, the company behind the #XRP currency, for a massive unregistered securities offering. Ripple, naturally, denies that issuing XRP and selling it was a security. I believe just about every crypto exchange has delisted or at least suspended XRP due to this case.

https://www.sec.gov/news/press-release/2020-338 [www sec gov]

https://www.nasdaq.com/articles/ripple-responds-to-sec-lawsuit-over-xrp-sales-2021-01-29 [www nasdaq com]

https://nu.federati.net/url/279572 [www msn com]

https://www.scribd.com/document/492583369/FOIA-Letter [www scribd com]

(I think one potential lesson is not to pre-mine. Let the currency's users mine it, so that the originating entity isn't directly benefiting financially from new users. The other lesson might be to create the guiding organization as a strict non-profit or public-benefit org.)

#ETH #BTC