No, the reporter is dumb. The SEC do not see ETH or Bitcoin as securities under their framework and which require registration. Bitcoin and ETH are BOTH securities, they are SEC excluded securities. Any use of ETH such as an ICO - that is a security that requires registration.
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Replying to @ProfFaustus @c4chaos
Next, "Based on my understanding of the present state of ether" What a shame that so many of the regulators have been bamboozeled. The real issue is what happens when they find out the truth ;)
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Replying to @ProfFaustus
ah, well. i guess it’s best to leave it to lawyers and accountants and avoid ICOs altogether until there’s clear regulatory framework


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Replying to @c4chaos
There IS a clear framework - it is the Jumpstart Our Business Startups Act, or JOBS Act (2012). https://www.sec.gov/spotlight/jobs-act.shtml … Been there way before ETH and ICOs Updated details - https://www.sec.gov/info/smallbus/secg/rccomplianceguide-051316.htm …
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Replying to @ProfFaustus
but the SEC/govt can’t chase after all the ICOs. it understands that it has to make leeway else all blockchain development will move somewhere else. maybe that’s why SEC hasn’t touched popular ICOs and only went after the small fishes.
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Replying to @c4chaos
There are 50 State departments. And civil litigation. This is a multi billion USD legal fest waiting to start.
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Replying to @ProfFaustus
good luck catching big fishes who can pay them off and those global ICOs outside of their jurisdictions
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Replying to @c4chaos
Here is an irony for you... https://www.crowdjustice.com/ There is a crowdfunded litigation system to take action now ;)
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Replying to @ProfFaustus
i don’t see anyone crowdfunding litigation for any of the top 50 cryptos yet
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what you see as impatience is actually optimism on my part 
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Replying to @c4chaos @ProfFaustus
btw, what’s your take on Security ICOs?https://weisscryptocurrencyratings.com/news/rise-security-icos-1177 …
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Replying to @c4chaos
Oh. As they wasted time on ICO scam coins... I filed IP for real securities that people would want. Equity offers, what people believed they were receiving
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End of conversation
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