Here's the thing: Having laws that aren't enforced means that people who follow the law are punished by not being able to do the thing while people who don't care about following the law are rewarded. We're now 3 years into that, and the illegal money is exponentially growing.
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And to be clear, I'm talking about the SEC's lack of clarity or enforcement on things which they've known are securities since at least the DAO report and yet have allowed to be used to illegally raise billions of dollars, instead only going after actual scams. Rough situation.
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tough situation for sure. SEC may have global reach but it doesn’t have global jurisdiction and resources to follow through. also, other countries can choose a no-hands approach leaving the U.S. economy in the dustbin of history.
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Yeah that's my point, regulation isn't necessarily counter-productive unless you make laws that restrict good actors but then don't enforce them except in cases of actual fraud. Means it's a competitive disadvantage (a big one) to follow the law.
End of conversation
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