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Exactly this. Half of the regulations the SEC enforces look more to me like nothing but revenue generation and entrenching existing players. Day trading rules a
by jimmaswell 8y ago
Exactly this. Half of the regulations the SEC enforces look more to me like nothing but revenue generation and entrenching existing players. Day trading rules are a flagrant example - only rich people are allowed to buy stocks and sell them the same day, not proles.
- CryptoPunk 8y agoFormer securities lawyer Louis Cammarosano claimed back in July 2017 that 1. token sales are a threat to Silicon Valley and Wall Street, 2. that the SEC doesn't want to bring an enforcement action because they fear that a court will disagree with their interpretation: https://youtu.be/psqCMwhDxZo?t=12m29s https://youtu.be/psqCMwhDxZo?t=12m29s I guess time will tell.