4 ms·

It's so funny how SEC think they can just walk around and charge anyone in the world with some made up law imagine chinese SEC or egyptian SEC doing that to am

by pwb25 4y ago

It's so funny how SEC think they can just walk around and charge anyone in the world with some made up law imagine chinese SEC or egyptian SEC doing that to americans

iLoveOncall 4y ago
First, all laws are made up. Second, the Chinese SEC or the Egyptian SEC can very well charge Americans with whatever they want. It's just that those Americans probably don't care enough about China or especially Egypt to abide by the punishment they receive and would rather not do business with those countries and never set foot in it. I, iLoveOncall, am hereby charging you with the crime of idiotic comment, for which you will receive the death penalty by ball slapping. Surrender yourself to the Republic of iLoveOncallandia to receive your punishment. It's literally the same thing.
- pwb25 4y ago
  exactly they can on paper, but no one will care or be expected to care. that's what the ridicolous difference is
xtracto 4y ago
They can do it... it's as if Iran's government prosecutor body charged someone living in the US of "not wearing a burka" or whatever crazy law. They can definitely do it, and they can try to move strings to get to them. Their success will depend on their power to enforce it and coerce other countries to surrender the person(s). It's like the news we have seen in the last days, of different countries committing to arrest Putin for whatever crimes. But yeah, I agree with your overall sentiment: This is a USA legal system/government arm (SEC) playing "world police". They should just tag Tron and related cryptos as "sanctioned/illegal schemes" and prosecute anyone in their country who uses/operates them. Anything else is just meddle with other countries' citizens.
- pwb25 4y ago
  Yes they can, but a countrys law is for that country. Not for other countries. Just like you can not be prosecuted for driving as a woman in US where it is legal
  - knorker 4y ago
    Are you talking about some theoretical ideal according to you? Because you're definitely not describing how law actually works. Here's a starting point on the topic, with plenty of references and examples: https://en.wikipedia.org/wiki/Extraterritorial_jurisdiction https://en.wikipedia.org/wiki/Extraterritorial_jurisdiction
davidgerard 4y ago
Sun has US assets, he's quite touchable
simple-thoughts 4y ago
It’s not even a law, it’s the SEC own agency opinion that has been successfully challenged and failed multiple times. However they can easily extract fines for SEC profits by threatening expensive and time consuming court battles which they would ultimately lose. But for most people, paying the fine is cheaper than winning in court. There needs to be a law that if the SEC loses a case, they must pay the defendant a fine equal to what they wanted the defendant to pay the SEC.

by pwb25 4y ago

It's so funny how SEC think they can just walk around and charge anyone in the world with some made up law imagine chinese SEC or egyptian SEC doing that to americans

iLoveOncall 4y ago

First, all laws are made up. Second, the Chinese SEC or the Egyptian SEC can very well charge Americans with whatever they want. It's just that those Americans probably don't care enough about China or especially Egypt to abide by the punishment they receive and would rather not do business with those countries and never set foot in it. I, iLoveOncall, am hereby charging you with the crime of idiotic comment, for which you will receive the death penalty by ball slapping. Surrender yourself to the Republic of iLoveOncallandia to receive your punishment. It's literally the same thing.

pwb25 4y ago
exactly they can on paper, but no one will care or be expected to care. that's what the ridicolous difference is

xtracto 4y ago

They can do it... it's as if Iran's government prosecutor body charged someone living in the US of "not wearing a burka" or whatever crazy law. They can definitely do it, and they can try to move strings to get to them. Their success will depend on their power to enforce it and coerce other countries to surrender the person(s). It's like the news we have seen in the last days, of different countries committing to arrest Putin for whatever crimes. But yeah, I agree with your overall sentiment: This is a USA legal system/government arm (SEC) playing "world police". They should just tag Tron and related cryptos as "sanctioned/illegal schemes" and prosecute anyone in their country who uses/operates them. Anything else is just meddle with other countries' citizens.

pwb25 4y ago
Yes they can, but a countrys law is for that country. Not for other countries. Just like you can not be prosecuted for driving as a woman in US where it is legal
- knorker 4y ago
  Are you talking about some theoretical ideal according to you? Because you're definitely not describing how law actually works. Here's a starting point on the topic, with plenty of references and examples: https://en.wikipedia.org/wiki/Extraterritorial_jurisdiction https://en.wikipedia.org/wiki/Extraterritorial_jurisdiction

davidgerard 4y ago

Sun has US assets, he's quite touchable

simple-thoughts 4y ago

It’s not even a law, it’s the SEC own agency opinion that has been successfully challenged and failed multiple times. However they can easily extract fines for SEC profits by threatening expensive and time consuming court battles which they would ultimately lose. But for most people, paying the fine is cheaper than winning in court. There needs to be a law that if the SEC loses a case, they must pay the defendant a fine equal to what they wanted the defendant to pay the SEC.