SEC Claims All of Ethereum Falls Under US Jurisdiction
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Re: SEC Claims All of Ethereum Falls Under US Jurisdiction
#2This battle was always hanging far off in the fog of the horizon, and now it's coming into the spotlight for primetime.
Can technology defeat the bureaucrats of the United States Government?
Time will reveal all.
Re: SEC Claims All of Ethereum Falls Under US Jurisdiction
#3This sounds like bad news but I see it as good news. The only way the SEC can go after fraudsters is to have jurisdiction over what they have done. The SEC can now go after the frauds against Ethereum users no matter where the fraud was committed.
Crypto will never be a legitimate investment class if people can't trust that they will get their investment back. It's also impossible for it grow to fill a need without trust. Crypto-Land should be jumping with joy at hearing this news.
Re: SEC Claims All of Ethereum Falls Under US Jurisdiction
#4Is this a joke?
This is patently insane - the boneheaded logic behind this is unprecedented.
Granted, looks like PoS might be DOA. PoW would've made this kind of draconian tom-foolery much more difficult.
Re: SEC Claims All of Ethereum Falls Under US Jurisdiction
#5I'm confused.
Is the idea here that something from the United States is not bound by United States law because the person who made it doesn't want it to?
Google's also bound by US law. They're also international
This is just how the law works. What am I missing? Why does Ethereum get to be above US law?
Re: SEC Claims All of Ethereum Falls Under US Jurisdiction
#6Is this a joke? This is patently insane - the boneheaded logic behind this is unprecedented. Granted, looks like PoS might be DOA. PoW would've made this kind of draconian tom-foolery much more difficult.
so i don't mean to seem rude, but, i'm not really sure what other options there are
if ethereum isn't bound by us law, is it that they should be bound by someone else's law, or not at all?
like, you know that if you're a german person in france, and you make a visa transaction, because visa is an american company, they still have american requirements, right?
so i'm not being sarcastic. i'm really genuinely asking.
what jurisdiction of law, if any, do you believe governs ethereum?
Re: SEC Claims All of Ethereum Falls Under US Jurisdiction
#7Is this a joke? This is patently insane - the boneheaded logic behind this is unprecedented. Granted, looks like PoS might be DOA. PoW would've made this kind of draconian tom-foolery much more difficult.
so i don't mean to seem rude, but, i'm not really sure what other options there are if ethereum isn't bound by us law, is it that they should be bound by someone else's law, or not at all? like, you know that if you're a german person in france, and you make a visa transaction, because visa is an american company, they still have american requirements, right? so i'm not being sarcastic. i'm really genuinely asking. w…
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Re: SEC Claims All of Ethereum Falls Under US Jurisdiction
#8This sounds like bad news but I see it as good news. The only way the SEC can go after fraudsters is to have jurisdiction over what they have done. The SEC can now go after the frauds against Ethereum users no matter where the fraud was committed. Crypto will never be a legitimate investment class if people can't trust that they will get their investment back. It's also impossible for it grow to fill a need without t…
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Re: SEC Claims All of Ethereum Falls Under US Jurisdiction
#9No post body was provided.
Re: SEC Claims All of Ethereum Falls Under US Jurisdiction
#10I'm confused. Is the idea here that something from the United States is not bound by United States law because the person who made it doesn't want it to? Google's also bound by US law. They're also international This is just how the law works. What am I missing? Why does Ethereum get to be above US law?
Isn't Google a US company? Ethereum is an open source protocol with an unknown number of applications. I'm not sure this works as an analogy.