Again in 2012, when Ripple was based, the time period “preliminary coin providing” didn’t exist. Neither did enforcement actions in opposition to the then-miniscule crypto business. In truth, the U.S. Securities and Alternate Fee (SEC) wouldn’t announce its first settlement for alleged registration violation till November, 2018 with the Airfox and Paragon ICOs. For context, Ripple’s community went into manufacturing on Jan. 1, 2013 – almost six years earlier.
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