Reinheardt t1_j1i5yms wrote
Reply to comment by manfromfuture in Judge kept cooperation of Alameda CEO, FTX co-founder a secret so Sam Bankman-Fried wouldn’t get spooked and fight extradition by ihavestrings
He has been making it sound complicated but it sounds like she is saying “yep it was fraud”
manfromfuture t1_j1i7kn9 wrote
Do normal FEC laws apply to crypto and NFTs? Have they really caught up to all the nonsense? I'm not sure they ever caught up (or could catch up to) to regulating CDOs.
How do you regulate a service that trades in stuff like shares of bored ape pictures?
rcxdude t1_j1igrt6 wrote
Doesn't matter, FTX was also holding and misappropriating real money as well.
Enlogen t1_j1iw7az wrote
They don't need new regulation for crypto, it's not something new or special, it's just a security with extra steps.
krum t1_j1j77rm wrote
Crypto really isn't a security. Pretending that it is is the whole problem here.
Level_-_Up t1_j1ji59u wrote
Tokens kind of are though, that’s the whole point
grinch1225 t1_j1klm7n wrote
Exchanging real currency for a representative asset with a value attached is almost textbook definition of securities and trading.
manfromfuture t1_j1kod6c wrote
Kind of what I figured and why so many of them seem to act with such impunity.
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