#XRPCommunity #XRP #SECGov v. #Ripple #XRP BREAKING: BELOW ARE THE TWO LEGAL MEMOS THAT HAVE NOW BEEN UNSEALED.
dropbox.com/s/j3ei8s01n0kt
Conversation
1/5 Overall favorable to Ripple and the Individual Defendants. Both memos are from Perkins Coie. The first memo was prepared in February 2012 and sent to Jed McCaleb and Jesse Powell. It says that if NewCoin is sold in what now would look like an ICO
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W/ your stand re Canada gov overreach and early days w/ ripple, why did Kraken relent to US gov and delist #XRP? To be fair, I too have placed self-interest before principle at times. And many employees count on you. Still unfortunate. #courageousoutrider #gravebetrayal
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It was just too risky from a business perspective. Extremely lopsided risk/return profile. Hopefully, we'll be able to relist for US clients in the future. XRP trading has continued uninterrupted outside of the US.