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That’s not law. It’s exactly the kind of thing the rule of law is supposed to prevent. What constitutes “ripping people off” is an incredibly political and ever
by marcoperaza 8y ago
That’s not law. It’s exactly the kind of thing the rule of law is supposed to prevent. What constitutes “ripping people off” is an incredibly political and ever-shifting judgment. We vigorously debate and make laws, so that everyone knows what is allowed and what is not, regardless of what they think the law should be.
- stale2002 8y ago> What constitutes “ripping people off” is an incredibly political and ever-shifting judgment. I think that for the example given, ICOs, the opposite is true. For "most" of these situations, whether something is a straight up scam or not is very obvious. And I am glad that the SEC has chosen to mostly go after the scams. Sure, grey areas will come up. But what does it matter if the grey areas are less than 1% of the market? There are certainly cases in the world where the nitty gritty details matter, and that there are huge grey areas. I just don't think the ICO market is one of these nuanced cases.