The one thing I would say about the SEC being slow moving, is that the sanctions available to the SEC are quite strong. It's one thing to say that the SEC will

The one thing I would say about the SEC being slow moving, is that the sanctions available to the SEC are quite strong. It's one thing to say that the SEC will never get around to investigating all of these, but really all the SEC has to do is pick one strong case, pursue it to the end.If you win you apply a strong injunction - in this case you just take Chris Dixon aside and say "Hey, we're Fyre festivaling you, you can no longer directly or indirectly participate in the issuance, purchase, offer, or sale of any security, except for your own personal account". The problem isn't that the SEC is slow. It's that it's slow and gives out speeding tickets.