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Bloomberg’s Matt Levine is having his vacation ruined again.
But this time by Ripple, not Elon Musk. (I now get a personal notification every time his vacations are interrupted.) Levine writes:
I am not sure that it is actually all that good for crypto in the long run. The message of this decision is that crypto companies can freely sell tokens to retail investors as long as those retail investors are uninformed and the companies are secretive about it; only if they sell tokens openly to sophisticated investors will they get in trouble. That’s bad.
Ripple Is a Security and It Isn’t
[Bloomberg.com]
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