An interesting take on the SEC’s position paper by a former securities lawyer… and gold / silver (and sometimes crypto) blogger. : ethtrader


TL;DW: Louis of SmaulGold lays out his takeaway from the issued paper as the SEC trying to have its cake and eat it too. They want to claim jurisdiction over crypto assets and trading, but they are not yet ready to engender a court case that they could lose (and thus lock themselves out of the space).

Nevertheless, he believes that this will actually bring more money into cryptos once Wall Street and Silicon Valley are back in control of this ICO rush. (Yeah, a bit unappetizing - but mainstream doesn’t come without regulatory oversight and insiders…)



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