Going to be honest... Feeling really down tonight.

Ive now lost £70,000 from this SEC stuff. To be clear that hurts. But its more to do with the 3 years lost researching it, the fact i consider myself intelligent and financially savvy. As many of you know im an FCA AP with

controlling functions and have owned a FCA regulated business for over a decade and have been in the financial and insurance markets for over 24/25 years now.

To feel like I have have missed the mark so incredibly badly is a gut sickening feeling. Im seriously sickening

I still think Ripples tech is incredibly powerful. But either the timing is off, or the something else is wrong.

How can it be that Ripples vision for years, comes to fruition just a couple of weeks after the SEC action? It makes no sense to me at all.

Why hasnt the digital asset space circled the wagons to protect not just Ripple but the whole fucking space from this action. Do they not understand that if the SEC win this case its game over for a MASSIVE amount of great projects out there?

Where are the Blockchain Associations? Where are the exchanges? Where are the other projects? Is this space that self blinkered that its prepared to cannibalise itself?

Is no one other than @UpholdInc going to stand with what is wright?

We all have internal clashes

but that should cease when this action hits.

You have an action filed by a regulator who is jostling for control to regulate this space.. period.

Ive spent 48 hours trawling through the SECs website and NO no one is safe.

The SEC received communications way before 2018 but in 2018 no less than 24 communications were sent to them on their website from people who owned XRP begging to seek clarification from the SEC on what they owned.

The FCA in the UK gave clear guidelines on digital assets.

XRP being a hybrid utility/exchange DA.

For those that dont know the City of London is a money hub for the entire world.

So the FCAs pragmatic approach i thought would follow through to the US seeing as Ripple is US?

There is an asset that can transfer value from one currency to another virtually free and help BILLIONS of people keep more of their money.

What the absolute FUCK is wrong with the people in power in the US?

Lets use BTC / ETH - Ive seen the SEC documents.

You were warned about BTC transaction fees and pooling in 2016 and again in 2018. You were warned about mining pools numerous times.

This is about financial institutions building out financial products on this and you have the US SEC/ power players have bought it.

Its a fucking disgrace - You should all be ashamed.

You had a chance to build the jet engine when people were jumping off of fucking cliffs flapping their arms to fly.

Taking a very important point to task with the SEC

I do not and never did give a crap about @bgarlinghouse or @chrislarsensf ownership of XRP or sales - Most if NOT ALL of us knew they owned XRP and would sale it at their leisure.

Its their XRP to sale.

The SEC has and is putting other token holders at risk by this suit.

How many projects ran off of the back of Ripple? used a similar business model with or without use case?

All those DA holders are at risk - MILLIONS OF PEOPLE

Nice @SEC_News You did a stand up job