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RE: Bitconnect YouTubers Headed To Court: Prison Time? / Coinbase's New Tax Tools / BitPay Adds BCH / !

in #crypto-news7 years ago

This is the first I've seen you comment directly on Bitconnect and the Youtubers. You should try to interview Craig Grant. He was the first person I've seen mention Bitconnect and pretty much made Bitconnect popular. Now all of his Steemit posts are flagged to oblivion (understandable) but we don't get to hear the promoter side of the story. If Bitconnect goes to court and they determine 1) Bitconnect BCC is a security and 2) promoters were illegally promoting a security, this could have lasting implications for the entire crypto space. There is potential for a chilling effect but I do not blame Bitconnect for that because really the SEC was planning to crack down since before Bitconnect.

A lot will depend on how the promoters will be punished. Will they get jail time? Will they pay a fine? Or are they completely innocent?