Re:Former US SEC attorney: 'Get out of crypto platforms now'
by Semaphor on Tuesday June 20, 2023 @03:04PM
(#36408926)
I don’t know, I’m relatively certain securities laws do not affect me.
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Re:Former US SEC attorney: 'Get out of crypto platforms now'
by uLogMicheal on Tuesday June 20, 2023 @03:13PM
(#36409023)
US securities law effects all US citizens. In current state, they act as a moat for the most profitable investments in society. People claim that securities laws are there to prevent grandmas from getting scammed, but grandmas (and many others) still get scammed on the daily. I would rather them lose $5,000 from investing into a high profit potential startup that could 1000x, instead of a call center in a distant country. US securities laws are geared to give the privileged private knowledge and prevent the poor from getting wealthy in their current state.