SEC Is Bringing ‘Thor’s Hammer’ Against Ripple, Warns Tone Vays
William Suberg's original article for cointelegraph.com reduced by 58%
Ripple is coming under fire from a serial Bitcoin proponent this week after news emerged a lawsuit against the company has intensified. Ripple will feel U.S. regulators' wrath, says Vays.
According to reports, the SEC's latest pronouncements lend weight to Sostack's argument, and a filing now shows Ripple must respond to the accusations next month. Commenting on the events meanwhile, Tone Vays, the veteran trader and host of the Bitcoin Law Review podcast, levelled harsh criticism at Ripple. "The SEC is bringing Thor's Hammer," he wrote on Twitter Aug.
14, openly calling XRP a scam token. Controversy surrounding both Ripple and XRP has been almost constant in recent years. In a separate development this week, cryptocurrency exchange Beaxy announced it had stopped trading after a coordinated attack on Ripple saw a huge sell-off on its order book, driving down XRP prices by 40% on the exchange.
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