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Comment by cperciva

ICOs are forcing the SECs hand and I think it show cases the interest that exist in the public to get into these early stage startups.

Ponzi schemes are forcing the SEC's hand, and I think it showcases the interest that exists in the public to get into these early stage pyramid schemes.

The fact that the public is interested in something doesn't make the SEC say "oh, ok, that's fine then". The SEC's job isn't to get out of the way of the public. The SEC's job is to get in the public's way, in order to protect the public from scams -- which means the more public interest there is in something, the closer the SEC will be looking at it.

parent cperciva 9 years ago

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