RE: Government Regulation Of Cryptocurrency Is Becoming Increasingly Strict Within The USA, And Has Lead To Even More Hurtles For US Cryptocurrency Investors. Let's Take A Look At The Harmful Guidance Issued By The SEC Could Hurt Us All.

[trending]

I'm wondering if the SEC's press release was largely misinterpreted. In the case of the DAO in particular, profits were promised to those who participated, if I'm not mistaken. I think the SEC's stance is to prevent ICOs from being used to launch new securities, not to discourage new ICOs from being launched.

Though, they did mention that it had to be done on a "valid fundraising portal," which BitcoinTalk is certainly not. Sigh.

Overreach in regulation is such a huge problem. It would be great if Trump stepped in, but hey...probably not.

Comments

[cryptofreedom]

I'm really worried that any further formal regulation and restrictions could hinder businesses and individuals ability to utilize all that blockchain technology will have to offer. Bitfinex must have felt very confident in the need to de-list all ERC20 tokens, because they have a significant interest in the success of the EOS project specifically.