1/n
![Lautsprecheranlage 📢](https://abs.twimg.com/emoji/v2/72x72/1f4e2.png)
![Staubwolke 💨](https://abs.twimg.com/emoji/v2/72x72/1f4a8.png)
Are you a #cardano $ada community member?
Confused about recent #ripplelawsuit & SEC?
Seeing a lot of fud around? ![Vor Angst schreiendes Gesicht 😱](https://abs.twimg.com/emoji/v2/72x72/1f631.png)
Answered yes to above Qs? I got you. I'll tweet few
s.
Spread the knowledge, not the fud.
Thread #1![Rückhand Zeigefinger nach unten 👇](https://abs.twimg.com/emoji/v2/72x72/1f447.png)
![Rückhand Zeigefinger nach unten 👇](https://abs.twimg.com/emoji/v2/72x72/1f447.png)
#notafinancialadvice
![Lautsprecheranlage 📢](https://abs.twimg.com/emoji/v2/72x72/1f4e2.png)
![Staubwolke 💨](https://abs.twimg.com/emoji/v2/72x72/1f4a8.png)
![Rückhand Zeigefinger nach rechts 👉](https://abs.twimg.com/emoji/v2/72x72/1f449.png)
![Rückhand Zeigefinger nach rechts 👉](https://abs.twimg.com/emoji/v2/72x72/1f449.png)
![Rückhand Zeigefinger nach rechts 👉](https://abs.twimg.com/emoji/v2/72x72/1f449.png)
![Vor Angst schreiendes Gesicht 😱](https://abs.twimg.com/emoji/v2/72x72/1f631.png)
Answered yes to above Qs? I got you. I'll tweet few
![Edelstein 💎](https://abs.twimg.com/emoji/v2/72x72/1f48e.png)
![Elektrische Glühbirne 💡](https://abs.twimg.com/emoji/v2/72x72/1f4a1.png)
Thread #1
![Rückhand Zeigefinger nach unten 👇](https://abs.twimg.com/emoji/v2/72x72/1f447.png)
![Rückhand Zeigefinger nach unten 👇](https://abs.twimg.com/emoji/v2/72x72/1f447.png)
![Rückhand Zeigefinger nach unten 👇](https://abs.twimg.com/emoji/v2/72x72/1f447.png)
![Augen 👀](https://abs.twimg.com/emoji/v2/72x72/1f440.png)
2/n
Who or what is SEC?
"The mission of the SEC is to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation. The SEC strives to promote a market environment that is worthy of the public's trust."
![Elektrische Glühbirne 💡](https://abs.twimg.com/emoji/v2/72x72/1f4a1.png)
![Rückhand Zeigefinger nach rechts 👉](https://abs.twimg.com/emoji/v2/72x72/1f449.png)
3/n
The Securities And Exchange Commission (SEC) was created in 1934 to help restore investor confidence in the wake of the 1929 stock market crash.
![Rückhand Zeigefinger nach rechts 👉](https://abs.twimg.com/emoji/v2/72x72/1f449.png)
4/n
SEC is NOT an evil institution that is out there to get you. While not perfect - they rarely do something without merit. ![Denkendes Gesicht 🤔](https://abs.twimg.com/emoji/v2/72x72/1f914.png)
Their role is actually extremely important if carried out thoughtfully.
![Rückhand Zeigefinger nach rechts 👉](https://abs.twimg.com/emoji/v2/72x72/1f449.png)
![Denkendes Gesicht 🤔](https://abs.twimg.com/emoji/v2/72x72/1f914.png)
![Rückhand Zeigefinger nach rechts 👉](https://abs.twimg.com/emoji/v2/72x72/1f449.png)
![Nerd-Gesicht 🤓](https://abs.twimg.com/emoji/v2/72x72/1f913.png)
5/n
Why #ripple? Let's take notes:
Sold 14.6+ Billion $xrp in return for cash/other considerations to fund Ripple's operations and enrich Larsen & Garlinghouse (execs).
Despite being U.S. based, Ripple seems to have omitted SEC registration or application of exemption.
Why #ripple? Let's take notes:
![Rückhand Zeigefinger nach rechts 👉](https://abs.twimg.com/emoji/v2/72x72/1f449.png)
![Rückhand Zeigefinger nach rechts 👉](https://abs.twimg.com/emoji/v2/72x72/1f449.png)
6/n
allegedly created information vacuum that a general XRP holder would be unable to understand and essentially turned key executives into beneficiary insiders
![Rückhand Zeigefinger nach rechts 👉](https://abs.twimg.com/emoji/v2/72x72/1f449.png)
7/n
Ripple and execs have supposedly been advised multiple times that such behaviour could be in violation of applicable laws but have not acted upon.
![Rückhand Zeigefinger nach rechts 👉](https://abs.twimg.com/emoji/v2/72x72/1f449.png)
8/n
Ripple used the money to run the operations, supposedly without disclosure of how & what these funds are used for exactly.
But there is bigger problem here - and that's fiduciary steps of the execs.
![Rückhand Zeigefinger nach rechts 👉](https://abs.twimg.com/emoji/v2/72x72/1f449.png)
![Rückhand Zeigefinger nach rechts 👉](https://abs.twimg.com/emoji/v2/72x72/1f449.png)
9/n
Ex CEO (current Chairman of the Board), and current CEO have benefited personally with $600 million from these unregistered sales of $xrp. ![Augen 👀](https://abs.twimg.com/emoji/v2/72x72/1f440.png)
Execs have claimed publicly being 'long term holders' while failing to disclose their actual sales of their $xrp.
![Rückhand Zeigefinger nach rechts 👉](https://abs.twimg.com/emoji/v2/72x72/1f449.png)
![Augen 👀](https://abs.twimg.com/emoji/v2/72x72/1f440.png)
![Rückhand Zeigefinger nach rechts 👉](https://abs.twimg.com/emoji/v2/72x72/1f449.png)
10/n
Just by being curious - you immediately can question few steps - could they end up with insider knowledge and trading?
Why do you raise the money, pay back yourselves, & the go on further to raise more money? Greed?
More than anything - this is
here, I'd say.
![Rückhand Zeigefinger nach rechts 👉](https://abs.twimg.com/emoji/v2/72x72/1f449.png)
![Rückhand Zeigefinger nach rechts 👉](https://abs.twimg.com/emoji/v2/72x72/1f449.png)
![Rückhand Zeigefinger nach rechts 👉](https://abs.twimg.com/emoji/v2/72x72/1f449.png)
![Schlüssel 🔑](https://abs.twimg.com/emoji/v2/72x72/1f511.png)
11/n
Feel free to dig your heels further via official SEC vs. #ripplelawsuit filling doc: https://www.sec.gov/litigation/complaints/2020/comp-pr2020-338.pdf
FYI - you can always find everything SEC does on the EDGAR: https://www.sec.gov/edgar/search-and-access
![Elektrische Glühbirne 💡](https://abs.twimg.com/emoji/v2/72x72/1f4a1.png)
![Hundert Punkte Symbol 💯](https://abs.twimg.com/emoji/v2/72x72/1f4af.png)
12/n
Do we think SEC is equipped to handle #crypto world effectively, yet? Will see.![Achselzuckender Mann 🤷♂️](https://abs.twimg.com/emoji/v2/72x72/1f937-200d-2642-fe0f.png)
What we do know is that average holder is now caught in the middle - paying the price. ![Gesicht mit offenem Mund und Angstschweiß 😰](https://abs.twimg.com/emoji/v2/72x72/1f630.png)
Now back - to #cardano and why pointing fingers this way makes no sense.
Do we think SEC is equipped to handle #crypto world effectively, yet? Will see.
![Achselzuckender Mann 🤷♂️](https://abs.twimg.com/emoji/v2/72x72/1f937-200d-2642-fe0f.png)
![„Live long and prosper!“ 🖖](https://abs.twimg.com/emoji/v2/72x72/1f596.png)
![Gesicht mit offenem Mund und Angstschweiß 😰](https://abs.twimg.com/emoji/v2/72x72/1f630.png)
![Rückhand Zeigefinger nach rechts 👉](https://abs.twimg.com/emoji/v2/72x72/1f449.png)
13/n
Q1: Were #cardano vouchers sold in the US or direct/mainly to US citizens?
A1: NO. To raise funds for the development, the group wanted to do an initial coin offering (ICO) focused on Asian markets.
Thus, Cardano held its ICO in Japan with majority Japanese investors.
Q1: Were #cardano vouchers sold in the US or direct/mainly to US citizens?
A1: NO. To raise funds for the development, the group wanted to do an initial coin offering (ICO) focused on Asian markets.
![Elektrische Glühbirne 💡](https://abs.twimg.com/emoji/v2/72x72/1f4a1.png)
14/n
To quote:
"They said it would be really nice to do a large-scale distribution in Asia, as opposed to the Western world, which is already saturated with cryptocurrencies," Hoskinson said, in an interview with Bitcoin Magazine.
![Auf den Kopf gestelltes Gesicht 🙃](https://abs.twimg.com/emoji/v2/72x72/1f643.png)
"They said it would be really nice to do a large-scale distribution in Asia, as opposed to the Western world, which is already saturated with cryptocurrencies," Hoskinson said, in an interview with Bitcoin Magazine.
![Augen 👀](https://abs.twimg.com/emoji/v2/72x72/1f440.png)
![Trophäe 🏆](https://abs.twimg.com/emoji/v2/72x72/1f3c6.png)
15/n
![Rückhand Zeigefinger nach unten 👇](https://abs.twimg.com/emoji/v2/72x72/1f447.png)
"Because none of those vouchers were sold to U.S. citizens, the sale did not fall under the umbrella of the U.S. Security and Exchange Commission rules . "There was some regulatory advantages to offshoring it," said Hoskinson.
Source: https://www.nasdaq.com/articles/iohk-launches-cardano-blockchain-ada-now-trading-on-bittrex-2017-10-02
![Rückhand Zeigefinger nach unten 👇](https://abs.twimg.com/emoji/v2/72x72/1f447.png)
"Because none of those vouchers were sold to U.S. citizens, the sale did not fall under the umbrella of the U.S. Security and Exchange Commission rules . "There was some regulatory advantages to offshoring it," said Hoskinson.
Source: https://www.nasdaq.com/articles/iohk-launches-cardano-blockchain-ada-now-trading-on-bittrex-2017-10-02
16/n
Okay - but anyone could do anything - where are the companies actually based that founded #cardano? I can guarantee you - majority of people are confused about this, despite knowing IOHK acronym.
![Elektrische Glühbirne 💡](https://abs.twimg.com/emoji/v2/72x72/1f4a1.png)
![Augen 👀](https://abs.twimg.com/emoji/v2/72x72/1f440.png)
![Nerd-Gesicht 🤓](https://abs.twimg.com/emoji/v2/72x72/1f913.png)
17/n
First - who founded Cardano? The big
:
Input Output HK is HQ'ed in Hong-Kong.
Emurgo is HQ'ed in Singapore (originally in Japan)
Cardano Foundation is based in Switzerland
Remember - we think several years & decades ahead. Not beyond the 1st quarter.
First - who founded Cardano? The big
![Tastenkappe Ziffer 3 3⃣](https://abs.twimg.com/emoji/v2/72x72/33-20e3.png)
![Rückhand Zeigefinger nach rechts 👉](https://abs.twimg.com/emoji/v2/72x72/1f449.png)
![Rückhand Zeigefinger nach rechts 👉](https://abs.twimg.com/emoji/v2/72x72/1f449.png)
![Rückhand Zeigefinger nach rechts 👉](https://abs.twimg.com/emoji/v2/72x72/1f449.png)
Remember - we think several years & decades ahead. Not beyond the 1st quarter.
![Rakete 🚀](https://abs.twimg.com/emoji/v2/72x72/1f680.png)
18/n
Ripple, by contrast, is a fully U.S. based tech company.
"...has an office in this District. All Defendants sold or orchestrated sales of XRP to purchasers residing (there) & enlisted, entities domiciled...to sell the securities at issue in this case.
Ripple, by contrast, is a fully U.S. based tech company.
"...has an office in this District. All Defendants sold or orchestrated sales of XRP to purchasers residing (there) & enlisted, entities domiciled...to sell the securities at issue in this case.
19/n
Q2: Have #cardano founding entities/execs resulted in price manipulation by withholding info about their positions? & acting on it?
A2: No. In fact, ALL is on blockchain & open source - these can be tracked VERY easily from the Genesis times: https://web.archive.org/web/20190114155756/https://www.cardano.org/en/genesis-block-distribution/
Q2: Have #cardano founding entities/execs resulted in price manipulation by withholding info about their positions? & acting on it?
A2: No. In fact, ALL is on blockchain & open source - these can be tracked VERY easily from the Genesis times: https://web.archive.org/web/20190114155756/https://www.cardano.org/en/genesis-block-distribution/
20/n
In fact - to scrape the top - @CardanoStiftung + @InputOutputHK are both actively participating in community delegation strategies to enhance ecosystem. Hence, elevating system forward.
IOHK: https://iohk.io/en/blog/posts/2020/11/24/delegating-with-fresh-purpose/
Cardano Foundation: https://forum.cardano.org/t/cardano-foundation-announces-its-delegation-methodology/41090
![Elektrische Glühbirne 💡](https://abs.twimg.com/emoji/v2/72x72/1f4a1.png)
![Tastenkappe Ziffer 1 1⃣](https://abs.twimg.com/emoji/v2/72x72/31-20e3.png)
![Tastenkappe Ziffer 2 2⃣](https://abs.twimg.com/emoji/v2/72x72/32-20e3.png)
21/n
Q3: Has our leadership been too concerned about $ada token prices?
A3: NO. On countless occasions, this has been stressed that methodical & scientific way is how #cardano shall forge its future.
Not through market games/manipulation. We are NOT here to make you rich!
Q3: Has our leadership been too concerned about $ada token prices?
A3: NO. On countless occasions, this has been stressed that methodical & scientific way is how #cardano shall forge its future.
Not through market games/manipulation. We are NOT here to make you rich!
![Polizeiautos mit drehendem Licht 🚨](https://abs.twimg.com/emoji/v2/72x72/1f6a8.png)