@ktreywalsh@Apple They are 100% thinking about it, but they are coming for Damus and many other innovations in Lighting that I know they will backtrack on. Imagine a lighting virtual card to pay for any goods and services, no processing fees, BTC or USD, no middleman. THIS IS THE VISION @zapdotme
@alphazeta What about when you take the amount of leverage individuals are able to take? I bet when you include how incentivized homeownership is in places like the US, it would result in a different outcome.
@nay_gmy You can’t, the SEC is right with its decision. We all knew these were unregistered securities and regulation would catch up but their execution of the enforcement of these laws were so unproductive. That’s my major issue with it.
Yes, legal caution with digital assets is necessary but the SEC is refusing to work with solid homegrown firms like @coinbase. They r relying only on enforcement and then say "ask your lawyers" when asked for a solid regulatory framework. SEC lawyers love to up their case counts.
America should be the hub for financial innovation yet the SEC is holding us back with their radio silence and indecisiveness (they have had 10+ years), pushing companies out of the US. This promotes sketchy off-shore registered companies in an industry dying for legitimacy.
1/ Remember: @Coinbase sued the SEC first.
Because of that suit, the 3d Circuit handed the SEC an order TODAY with 7 days to respond.
This means the SEC may have to issue crypto rules, and this could happen faster than legislation.
Let’s dig in to what happened