Who rates the ratings agencies?
https://money.stackexchange.com/questions/14570/is-weiss-research-inc-a-legitimate-financial-research-company
Quote
On June 22, 2006, the Commission instituted settled administrative proceedings against Weiss Research, Inc., Martin Weiss, and Lawrence Edelson (collectively, “Respondents”) for violations of the Investment Advisers Act of 1940 in connection with their operation of an unregistered investment adviser and the production and distribution of materially false and misleading marketing materials.
https://money.stackexchange.com/questions/14570/is-weiss-research-inc-a-legitimate-financial-research-company
The fact that they purport of be able to rate blockchains is utterly ridiculous. What do they know about blockchains??
Agreed. This is the reason I would not be surprised to see Ripple highly rated. The true value of crypto is EXTREMELY counter-intuitive to the status quo. For example the more decentralized one is the more we hear the Dimon types making "No government controls it!! No one knows who is controlling it!!" type statements.
I hope to be pleasantly surprised by a set of knowledgeable reports... but I doubt it HIGHLY.
And I feel that even though we might take all this with a grain of salt the establishment will not.