Never have new "technologies" been regulated "on release" by any government agency, i believe credit cards took ~20 years.
The SEC here is acting perhaps the fastest ever to the development of a new financial instrument.
The howey test was always clear to everyone invovled. The whole "SEC hasnt said anything yet" is a line used by liars to cover-up and distract from their patent fraud -- which takes place, not coincidently, off-shore. Every investigation so far has yielded plenty of internal chats to the effect of 'lol this is illegal lol lol'. No one here was in the dark, that's why everyone has redflags out-the-wazoo.
The background historical context here is also that gov cannot been seen to stifle new tech, and has to "give it its fair shot" absent regulation. Or else be blamed for its failure.
I think it's frankly obscene after the fraud-after-fraud-after-fraud that is the entire crypto system, that any body would pin anything on the SEC.
This is yet another lie designed to distract form the last 13 years of failure -- all the crypto system has done is breed massive amounts of fraud, money laundering, ransomware and the most industrialised grift in human history.
The SEC has not failed here one iota in comparison to this industrialised con.
The SEC here is acting perhaps the fastest ever to the development of a new financial instrument.
The howey test was always clear to everyone invovled. The whole "SEC hasnt said anything yet" is a line used by liars to cover-up and distract from their patent fraud -- which takes place, not coincidently, off-shore. Every investigation so far has yielded plenty of internal chats to the effect of 'lol this is illegal lol lol'. No one here was in the dark, that's why everyone has redflags out-the-wazoo.
The background historical context here is also that gov cannot been seen to stifle new tech, and has to "give it its fair shot" absent regulation. Or else be blamed for its failure.
I think it's frankly obscene after the fraud-after-fraud-after-fraud that is the entire crypto system, that any body would pin anything on the SEC.
This is yet another lie designed to distract form the last 13 years of failure -- all the crypto system has done is breed massive amounts of fraud, money laundering, ransomware and the most industrialised grift in human history.
The SEC has not failed here one iota in comparison to this industrialised con.