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There's an argument to be made that it was irresponsible for the SEC to wait this long to clarify their position on enforcement. My guess is they want to deflat
by sp527 8y ago
There's an argument to be made that it was irresponsible for the SEC to wait this long to clarify their position on enforcement. My guess is they want to deflate this nonsense slowly instead of pop it. It metastasized into a somewhat 'too big to fail' situation before they had time to react properly.
- flyGuyOnTheSly 8y ago>It metastasized into a somewhat 'too big to fail' situation before they had time to react properly. What harm could come from indicting scammy ICO pushers too quickly, or those who had crowdsourced too much money?
- wmf 8y agoHypothetically it might have caused a "blockchain winter" scenario where investors refused to invest in anything, even legit stuff like Filecoin.