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Two things: 1. Firstly, if the law isn't settled, then no they wouldn't. 2. The SEC weren't being asked by Congress, they were being asked by Coinbase. So no
by scott_w 3y ago
Two things:
1. Firstly, if the law isn't settled, then no they wouldn't.
2. The SEC weren't being asked by Congress, they were being asked by Coinbase.
So no, your attempt to torture the analogy doesn't work at all.
- sebzim4500 3y agoThe head of the SEC was asked by congress if Eth was a security, and true to form he refused to answer. I don't understand how anyone can believe these people act in good faith.
- scott_w 3y ago> 1. Firstly, if the law isn't settled, then no they wouldn't. > The head of the SEC was asked by congress if Eth was a security, and true to form he refused to answer. So what you're saying is that the Head of the SEC refused to answer a question they're not qualified to. Because it's an unsettled area of law that they're now challenging through enforcement action. > I don't understand how anyone can believe these people act in good faith. I could ask the same of you.
- amanaplanacanal 3y agoOne way to look at it: the SEC doesn’t decide what is legal. They have an opinion, but it is the courts that decide. This is the process working as designed.