We asked the SEC for reasonable crypto rules. We got legal threats instead

Re:We asked the SEC for reasonable crypto rules. We got lega... by simple-thoughts on Thursday March 23, 2023 @10:33AM (#35275439)

Something can both pass the Howey test and be considered a security by the SEC, but simultaneously fail to be a security in court.

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Re:We asked the SEC for reasonable crypto rules. We got lega... by Godel_unicode on Thursday March 23, 2023 @01:46PM (#35278531)

By not passing the Howey test. Which they don’t, according to the only people whose opinion matters.

The SEC doesn’t get a vote.

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Re:We asked the SEC for reasonable crypto rules. We got lega... by simple-thoughts on Friday March 24, 2023 @10:03PM (#35298400)

Yes, so the SEC guidance is irrelevant, and is just fear mongering to get people to pay fines they don’t actually need to pay.

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Re:We asked the SEC for reasonable crypto rules. We got lega... by Godel_unicode on Saturday March 25, 2023 @11:16PM (#35310439)

That is correct.

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