Did Your Shitcoin Break the Law?

A generation of blockchain founders thought they’d beat the system by classifying their tokens as “utilities” rather than “securities” (an investment) The SEC, CFTC, FTC and FinCen have all come out with guidance about crypto asset regulation. Unfortunately, the SEC has given some notoriously bad actors a pass, opening up new channels for retribution. Block.one was featured by HBO’s John Oliver in a segment on fraud, deceit and flagrant misstatements in the cryptocurrency industry.