Yassin Mobarak, founder of Dizer Capital, said that the SEC’s fight with Ripple is good.
Yassin Mobarak, founder of Dizer Capital, said on Twitter that the SEC’s fight with Ripple is a good thing:
The @SECGov could have gone after any crypto project (remember they said most crypto tokens, thousands of them, are securities). We should thank our lucky stars that the SEC chose @Ripple to go after. Why?
What followed was an explanation of why:
Because: a. Ripple is very well resourced & can afford to take on this fight. b. It’s led by one of the most professional teams in the industry. c. They have the best interest of $XRP & its community at heart. d. They always tried to comply with regulations & the law.
Had the SEC gone after any other project, I’m not sure the fight would have been as hard as it is for them now, & an SEC win in such a case would spell disaster for the whole crypto industry.