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RE: AMA: SEC's William Hinman's Comments on Ether.

in #crypto6 years ago

Oh that's for sure. They are only accounting for the technicalities and not for the implications of the human perspective on the real market. That's why I keep in mind that they mention the idea of list not being exhaustive. What they really want is a wiggle room for now.

Once they get their act together they can add as much as they need to this and we can even see clauses that might contradict the present ones, resulting in them being altered in the name of congruity. I am hoping that it wouldn't come to this.

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I agree. This is one potential lesson from if ether is determined not to be a security.

  1. Rob a bank;
  2. Use the ill-gotten funds to hire expensive lobbyists to make the best possible case for your position/definition of "bank" and "rob";
  3. Keep the profits. Job well done.