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I’m. It sure that I agree. There has been so much blatant scamming and corruption in the cryptouspace that it’s almost certainly in need of some regulatory fire

I’m. It sure that I agree. There has been so much blatant scamming and corruption in the cryptouspace that it’s almost certainly in need of some regulatory fire and brimstone. It’s also, however self-inflicted, exploded into the popular consciousness. The SEC would probably also prefer, as prosecutors do, nearly certain victory. The nature of blockchains makes them exceptionally strong evidence, and paper trails. In particular the state can’t really afford to let money laundering on this scale continue.

JumpCrisscross 9y ago
> it’s almost certainly in need of some regulatory fire and brimstone Sure, but it pains me to see American securities regulators’ already-strapped budgets going after, almost alone, an international problem. Regulatory focus has an opportunity cost. More attention to cryptocurrencies means less to everything else. > the state can’t really afford to let money laundering on this scale continue The Treasury and Secret Service are the principal enforcers of U.S. anti-money laundering law. This action is being brought by the CFTC. In any case, there is lower hanging fruit (in terms of ease of prosecuting, volume of funds laundered, and politics vulnerability) than cryptocurrency-facilitated money laundering which, by its nature, leaves a convenient and immutable public record in fact wake.
- TeMPOraL 9y ago
  > Sure, but it pains me to see American securities regulators’ already-strapped budgets going after, almost alone, an international problem. Regulatory focus has an opportunity cost. More attention to cryptocurrencies means less to everything else. True, but cryptocurrencies - especially now, with ICOs - move such absurd amount of money that they do become a big problem. And it probably won't take much effort from SEC to make the whole charade collapse everywhere, so it might be a pretty good investment of time after all.

JumpCrisscross 9y ago

> it’s almost certainly in need of some regulatory fire and brimstone Sure, but it pains me to see American securities regulators’ already-strapped budgets going after, almost alone, an international problem. Regulatory focus has an opportunity cost. More attention to cryptocurrencies means less to everything else. > the state can’t really afford to let money laundering on this scale continue The Treasury and Secret Service are the principal enforcers of U.S. anti-money laundering law. This action is being brought by the CFTC. In any case, there is lower hanging fruit (in terms of ease of prosecuting, volume of funds laundered, and politics vulnerability) than cryptocurrency-facilitated money laundering which, by its nature, leaves a convenient and immutable public record in fact wake.

TeMPOraL 9y ago
> Sure, but it pains me to see American securities regulators’ already-strapped budgets going after, almost alone, an international problem. Regulatory focus has an opportunity cost. More attention to cryptocurrencies means less to everything else. True, but cryptocurrencies - especially now, with ICOs - move such absurd amount of money that they do become a big problem. And it probably won't take much effort from SEC to make the whole charade collapse everywhere, so it might be a pretty good investment of time after all.