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Do you have any examples of non-crypto companies trying to spin a $100MM fine as "pioneering efforts in securing regulatory clarity"? I know companies spin, bu
by discodave 5y ago
Do you have any examples of non-crypto companies trying to spin a $100MM fine as "pioneering efforts in securing regulatory clarity"?
I know companies spin, but this is next level.
- freemint 5y agoIt spins so hard, if you attached an electric generator you could power all the bitcoin miners. /Joke
- celticninja 5y ago"By adopting the reforms embodied in the settlement, Merrill Lynch is setting a new standard for the rest of the industry to follow," Spitzer said. This was in relation to a $100m fine for Merrill Lynch. https://products.kitsapsun.com/archive/2002/05-22/0054_merrill_lynch__company_to_pay__10.html https://products.kitsapsun.com/archive/2002/05-22/0054_merri... This took a whole minute to Google, comment and attribute/source. So it's pretty disingenuous of you to act like this is cryptocurrency specific behaviour when in fact it is standard behaviour for all companies who are fines. I'm not saying it is right but it is hardly a novel approach to dealing with an SEC fine.