You might imagine the ruling as a signaling mechanism, presuming this will be eventually struck down by sec, that effectively says
"Don't be dumb money and trade shitcoins"
You might imagine the ruling as a signaling mechanism, presuming this will be eventually struck down by sec, that effectively says
"Don't be dumb money and trade shitcoins"
Regular people won’t follow the details closely, but it’s possible. I see it more as a signal to institutional investors to dump aggressively post securitized ICO in the future, because the US has your back. Related: in the past I thought the US was being kind of negative on bitcoin to suppress price to help citizens get a head start, but that’s generous in retrospect. I kind of stopped thinking deeply about what governments etc are trying to signal about the future. Bitcoin is one tool that allows me to “do my own thing” and not be bothered