No, they've released press releases about this many times.
When it came to their actual court filings, when it's time to put your money where your mouth is, they ... didn't really say much about a lack of guidance:
> We disagree that the majority of digital assets are securities. For those digital assets that are securities, registration under the current rules is, for many market participants, either not possible or not economically viable given
the associated and unnecessary compliance burdens
i.e. "it's too much work, and/or not profitable for us".
The SEC isn't obligated to make securities/commodities trading profitable for exchanges.
“It’s not a crime as long as you keep writing letters asking for clarity.” is such a cool perspective. Outside of selling unregistered securities, what other criminal activity enjoys the “But I asked about it!” defense?
FireBeyond|2 years ago
When it came to their actual court filings, when it's time to put your money where your mouth is, they ... didn't really say much about a lack of guidance:
> We disagree that the majority of digital assets are securities. For those digital assets that are securities, registration under the current rules is, for many market participants, either not possible or not economically viable given the associated and unnecessary compliance burdens
i.e. "it's too much work, and/or not profitable for us".
The SEC isn't obligated to make securities/commodities trading profitable for exchanges.
meepmorp|2 years ago
The SEC said that most cryptocurrencies are securities. That's their guidance, and explains what they need to do - register as a securities exchange.
They just don't like that answer and want a different one that suits them better.
jrflowers|2 years ago
EA-3167|2 years ago
Get a new excuse already and stop blaming other people for how shit crypto is.
unknown|2 years ago
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