I think this is the SEC’s first cryptocurrency enforcement action against a well-connected firm which was operating, by cryptocurrency standards, relatively above-board. It alleges than an ICO was an unregistered securities offering. https://www.sec.gov/litigation/complaints/2019/comp-pr2019-87.pdf …
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Worked out pretty well for Airbnb and Uber.
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Yes, but their opposition was primarily state and local regulators that they could out spend on legal and PR. The SEC is a different beast.
End of conversation
New conversation -
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"everybody is doing it"
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