Investing should be left up to the individual to decide and not the Government. When you make laws up such as the Howdy Law it excludes regular guys from taking $500 and turning it into $5000. "Investor Protection" laws only benefit the rich. Every man should have the right to invest into whatever asset he chooses to. If he does not do due diligence on what he is investing into then that's his fault when he throws it into a scam. The moral of the story is don't be a dumb ass. If you are blinding throwing in your hard earn money into anyone that promises you something without verification then you are a real dumb ass and probably deserve to lose your money. The laws should be changes in the US where anyone can invest however little or big they choose. SEC should only go after outright scammers/fraudsters and let this new token economy explode in value. Did the SEC stop the Financial Crisis in 08'? Hell no. They did nothing about the Banks leveraging out loans 1 to 1000.
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Can't say I disagree. I have always liked the idea of meting everyone make their own decisions and reaping the consequences without government intervention.
Yes, no doubt going after outright scams is one thing but labeling everything as securities and making investments exclusively for the rich is another. Government always abuses their power. While the founding of the SEC may have good intentions to "protect investors" but at what cost?