SEC charges Ripple and two executives
Ripple is everything you <i>don't</i> want in a cryptocurrency:<p><pre><code>    - centralized (as witnessed by the fact that the SEC has an actual target to go after)
    - "pre-mined" (initial Ripple crowd gave themselves everything and once in a while toss a handful of XRP to the plebs)
    - controlled by scammers
</code></pre>
I'm very glad the ecosystem is doing what it's supposed to: weeding out the weak and ill-formed.