E1156: Emergency Pod! Ripple sued by SEC over XRP cryptocurrency, breaking down the SEC Complaint
This Week in Startups
Jason Calacanis
4.4 • 1.3K Ratings
🗓️ 23 December 2020
⏱️ 32 minutes
🧾️ Download transcript
Summary
SEC Complaint: https://www.sec.gov/litigation/complaints/2020/comp-pr2020-338.pdf
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Transcript
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| 0:00.0 | Okay everybody it's an emergency podcast |
| 0:02.8 | it's an emergency podcast |
| 0:04.8 | rippel has been sued by the security is an exchange |
| 0:11.0 | commission |
| 0:12.3 | sorry for blowing out your eardrums everybody if you didn't hear that. Yes, |
| 0:16.5 | ripple the number three cryptocurrency on the planet that I have been talking about on this very podcast and asking people like Pomp why is this |
| 0:27.4 | Consider a scam by so many people and I've been talking forever about why hasn't the SEC banned the giant scams that are occurring in |
| 0:38.7 | cryptocurrency. Well, today, after many years of the SEC picking off small projects, they went after the |
| 0:48.4 | well. |
| 0:49.4 | Ripple has been sued by the Securities and Exchange Commission and the company worth $10 billion is facing |
| 0:58.6 | what I believe will result in.AL time. I repeat, jail time. |
| 1:06.0 | That's right, jail time for the executives. |
| 1:08.0 | We're going to talk about it today on this week in startups, |
| 1:11.0 | emergency podcast, stick with us |
| 1:14.8 | Hey everybody I want to take a minute to thank and broker for |
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| 1:27.6 | I don't know how many times I got to talk to you about this you have to have insurance for your company. |
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| 1:42.5 | Crisis are 20% lower and you get better coverage than all these crazy incumbents who are |
| 1:47.8 | slow. |
... |
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