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A comment on SEC settles with EtherDelta founder for running an unlicensed exchange [pdf]. Parent comment

Re:SEC settles with EtherDelta founder for running an unlice... by bouncycastle on Thursday November 08, 2018 @08:40PM (#18411763)
It allowed you to trade any ERC-20 token, indiscriminately. If you point an ERC-20 contract address to it, it would add it automatically to the user interface.

Also, I'm not talking about if it's illegal or not, the point that I can't get over is that the ED guy didn't scam or hurt anyone. It was an honest, transparent, open source project.

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Re:SEC settles with EtherDelta founder for running an unlice... by covemarkets on Thursday November 08, 2018 @09:42PM (#18411995)
there are several issues at play: rules around trading securities and securities fraud. EtherDelta broke certain rules and that/s why the founder got fined about 400k in total. You are correct that EtherDelta wasn't a fraud or a scam - and that's why there is no criminal proceeding, no accusation of securities fraud.
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