6 ms·

Ah yes, the “offhand comment by someone years before they took a position indemnifies you business for all behaviour infinitely into the future no backsies” law

• fallingknife 3y ago
  If by "offhand" you mean the former head of the CFTC giving a lecture in the class he teaches on the subject at MIT while at the same time the SEC is also not taking any actions against crypto exchanges. There isn't a "no backsies" rule, but then you will have to tell me what changed about crypto between 2018 and now that made it pass the Howey test then and fail it now if you want me to believe that the government is acting in good faith.
  • misnome 3y ago
    I cant think of anything changing in crypto in the past five years! No markets, products, chains, methods of operation. It’s all exactly the same as it was in 2018. Presumably you are correct and this will be thrown out as soon as it gets in front of a judge then!
  • JumpCrisscross 3y ago
    Has any crypto exchange been sued by the SEC for solely providing Bitcoin and Ethereum trading? That might be the vast majority of the market Gensler references, which would make his 2018 statement both remarkably prescient as well as consistent with this complaint.
  • refulgentis 3y ago
    This is off-topic unless you're aware of someone being charged for cash trading Bitcoin or Ethereum. It's degrading to yourself to pretend in public anyone expected the SEC was cool with coins.