Popular trader and analyst, Tone Vays, called Ripple cryptocurrency a "scam". His statement was prompted by today's litigation involving an XRP tokenToken
– is an accounting unit that is used to represent a digital balance in an asset.Details and the SEC.
Trader's Opinion on Ripple
Ripple has become involved in a number of securities lawsuits. Investor Bradley Sostak claims that the company sells unregistered securities. In this regard, he addressed the US SEC, where he made strong arguments in favor of his opinion.
Interesting in the section: Prospects of Ripple on the financial market
Sostak's opinion was supported by another significant crypto-community trader and analyst, Tone Vays, who compared the SEC case with the Justice Hammer. In his Twitter account, Vays noted that the Ripple project can be considered fraudulent, as it does not meet all the requirements of financial regulators of securities. He further stated that "the Ripple Corp scam coin should never have existed!"
A few days later it became known that the SEC had stated the importance of Sostak's arguments. According to this information, the Ripple cryptocurrency company should respond to Sostak's accusations next month.
A popular trader called Ripple a "scam coin". Let us remind you that according to analytics https://cryptobit.media/en/statistic/numeral/, the cost of XRP has dropped by almost 2% today, making it only $0.292863. Besides, market information provider Whale Alert reported on one of the largest transactions in the history of Ripple (XRP) cryptocurrency.
Editor: Pereyidenko Ihor