InvestorsHub Logo
Followers 16
Posts 1398
Boards Moderated 0
Alias Born 10/01/2004

Re: None

Tuesday, 12/19/2017 4:03:19 PM

Tuesday, December 19, 2017 4:03:19 PM

Post# of 156698
http://money.cnn.com/2017/12/19/investing/bitcoin-crytpocurrencies-sec-bubble/index.html

Brad Garlinghouse, CEO of Ripple, a company that developed the Ripple XRP cryptocurrency and also works to license blockchain technology with banks, says he wants to cooperate with agencies like the SEC to weed out bad actors.
"Many of the ICOs are more frauds than real businesses. The industry needs to work with regulators and not be in the shadows," he said. "ICOs are taking advantage of grey areas in securities law. What worries me the most is some of the hype in the system."