4min chapter

Crypto Critics' Corner cover image

Trying to Think like the SEC (Feat. John Reed Stark)

Crypto Critics' Corner

CHAPTER

Do You Really Want C C?

Crypto lawyers love to say that if we could just get a little regulatory clarity, i think all this would be worked out in a second. But they are going to regret asking for it because 90 per cent of what the c c does is by enforcement. Is there a law that says you can't insideor trade? No,. There's a law that saying you can't lie, cheat and steal in connection with the purchaseor sale of a security. And where insider trading developed under numerous different theories. Do you really want examiners coming on sight, unannounced, and ing up at your front door and demanding to see every single customer complaint of the lasta three months? You're

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