Ripple (XRPUSD)

[spencegp]

I wonder how this person exited the SEC... in terms of how much of this is ego / vindictive / political stuff vs an unbiased supposed presentation of what the SEC deems ‘fact’.

Most attorneys that choose to ‘serve’ in the SEC quickly find out its massively underfunded, heavily weighted with opinions of participants, and almost toxic in terms of culture.

On a somewhat unrelated note, it’s almost comical to me how the SEC has allowed a massive amount of Chinese IPOs here (especially after the virus and culpability) given the amount of fraud and companies that simply don’t have governance / GAAP standards — and others that are flat out fraudulent (see Lukin coffee).

Pick and choose I guess.... but I can guarantee there’s more American investors hurt in Chinese backed IPOs than this....