The SEC goes after devs and systems that "do harm" to crypto. Etherdelta traded many "bad ico" tokens, and it's the responsibility of the SEc to protect users from that. Steem does not harm anyone.
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The SEC goes after devs and systems that "do harm" to crypto. Etherdelta traded many "bad ico" tokens, and it's the responsibility of the SEc to protect users from that. Steem does not harm anyone.
You are right. The only way to fix this is to do it from within the system by electing politicians favorable to the interests of Steem, of the global crypto community, etc.
Whether or not there is harm is in my opinion for the community to decide and not for the ivory tower. That being said the SEC legally has the mandate. Simply reprogram the SEC via the law and the SEC will follow a new set of rules.