RE: Sunrise on Stellar - Ripple and the SEC
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Great article!
The impact of Xrp in Xlm might also be that on of Xrps co-founder is also a co-founder of Xlm!
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What?? Holy cow. I didn't read that far into it either. Being the co-founder of similar cryptocurrencies is certainly interesting. Is it nefarious, though? I would think not because there is a precedent for someone being a part of more than one company (Elon Musk). However, Elon's companies are trading per regulations.
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I've been following XRP for a long time (on and off)...if you read my post about Xrp you can see that I mention McCaleb as a co-founder of Xrp and founder of XLM. McCaleb also sold almost all of his Xrp after he got them and moved all his focus into XLM!
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Ugh. Some people. No wonder the SEC is watching them.