SEC filed its charges against FTX’s Sam Bankman-Fried (SBF)
bitcoiner max keizer Disgraced FTX CEO Sam Bankman-Fried has angered the XRP and ETH communities with his latest comments following the arrest and indictment.
While responding to a report that indicated the SEC chair’s vow to take action against platforms violating securities laws, Keiser said, “Goodbye, XRP and ETH.” The comments did not go down well with members of either community, who lambasted the Bitcoiner for his ostracizing comments.
As reported by U.Today, Keizer classified all cryptocurrencies other than bitcoin as securities. The well-known altcoin critic once called XRP centralized and urged SEC Chairman Gary Gensler to act against it.
According to a release, the SEC filed its charges against FTX’s Sam Bankman-Fried (SBF).
It quotes the words of SEC Chairman Gary Gensler: “We allege that Sam Bankman-Fried built a house of cards on a foundation of fraud, while telling investors it was one of the most secure buildings in crypto.” In addition, the SEC Chair said, “The SEC’s Enforcement Division stands ready to take action against platforms that do not comply with our securities laws.”
Ripple GC, XRP holders criticize SEC charges against SBF
The SEC charged FTX CEO and co-founder Samuel Bankman-Fried (SBF) with orchestrating a scheme to defraud equity investors.
The release issued by the agency said that the investigation was ongoing into violations of other securities laws and other entities and individuals related to the alleged misconduct.
Ripple’s general counsel, Stuart Alderoty, noted that the SEC’s charges were targeted at recovering funds for FTX’s sophisticated equity investors and not normal “consumers.”
XRP holders are also unhappy with the US Securities and Exchange Commission for failing to classify FTT as an unregistered security in its allegations against Sam Bankman-Fried.
