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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?

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rcxdude t1_j1igrt6 wrote

Doesn't matter, FTX was also holding and misappropriating real money as well.

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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.

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krum t1_j1j77rm wrote

Crypto really isn't a security. Pretending that it is is the whole problem here.

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Level_-_Up t1_j1ji59u wrote

Tokens kind of are though, that’s the whole point

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grinch1225 t1_j1klm7n wrote

Exchanging real currency for a representative asset with a value attached is almost textbook definition of securities and trading.

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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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