this post was submitted on 12 May 2024
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chapotraphouse

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[–] flan@hexbear.net 11 points 1 year ago (1 children)

i dont understand why this was treated on a case by case basis. How were some securities but others not? Most are just ethereum smart contracts.

[–] OutrageousHairdo@hexbear.net 9 points 1 year ago

Because the crypto companies really really wanted them to not be securities and kinda just went "Nahnahnah, I can't hear you!" This is just the SEC slowly working through its backlog because suing an entire industry isn't something it was ever really intended to do.

[–] Infamousblt@hexbear.net 5 points 1 year ago

Extremely critical support to the SEC for getting it right approximately once a year