“Concretely, this could put several projects on hold, if the SEC considers that they have sold financial securities without having registered. This is not an empty threat: the financial policeman has already brought down several projects in this way, and caused a thorn in the side of Ripple, for example. The issuer of XRP is still in the midst of a battle with the SEC. More recently, Coinbase suffered the wrath of the regulator.“
doginventer 0 points 2.7 years ago
“Concretely, this could put several projects on hold, if the SEC considers that they have sold financial securities without having registered. This is not an empty threat: the financial policeman has already brought down several projects in this way, and caused a thorn in the side of Ripple, for example. The issuer of XRP is still in the midst of a battle with the SEC. More recently, Coinbase suffered the wrath of the regulator.“