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When are the feds going to start cracking down
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Date: January 8th, 2018 5:32 PM Author: Diverse coldplay fan hall Getting scary, bros
The more noobs getting in, the more likely the feds will crack down |
Date: January 8th, 2018 5:34 PM Author: irradiated shitlib headpube theyre not. republicans like freedom and markets. be worried if dems retake congress this year. (http://www.autoadmit.com/thread.php?thread_id=3853436&forum_id=7#35111576) |
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Date: January 8th, 2018 5:50 PM Author: Vigorous rehab coffee pot I'm positive various agencies have already started the process. I'd bet an ETH the major US based exchanges have received subpoenas and civil investigate demands. Shitcoins like Tezos also made themselves gigantic targets. The question is whether this adminstration will allow enforcement actions. If an agency finds outright fraud (likely) than the answer is yes. (http://www.autoadmit.com/thread.php?thread_id=3853436&forum_id=7#35111677) |
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Date: January 8th, 2018 5:55 PM Author: Vermilion High-end Brethren Fraud by the exchanges? (http://www.autoadmit.com/thread.php?thread_id=3853436&forum_id=7#35111709) |
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Date: January 8th, 2018 6:23 PM Author: Vigorous rehab coffee pot Yes. I think several are running Ponzi schemes, and also engaging in price manipulation. (http://www.autoadmit.com/thread.php?thread_id=3853436&forum_id=7#35111898) |
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Date: January 8th, 2018 6:25 PM Author: Concupiscible bbw (http://www.autoadmit.com/thread.php?thread_id=3853436&forum_id=7#35111907) |
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Date: January 8th, 2018 9:58 PM Author: Diverse coldplay fan hall Didn't Lawman circulate an article about that yesterday? Or am I thinking of something else (http://www.autoadmit.com/thread.php?thread_id=3853436&forum_id=7#35113422) |
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Date: January 8th, 2018 10:38 PM Author: appetizing gold nowag he's talking about USDT (http://www.autoadmit.com/thread.php?thread_id=3853436&forum_id=7#35113794) |
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Date: January 8th, 2018 6:34 PM Author: Henna Bat-shit-crazy Library Knife On what basis? Bittrex purposely avoids holding ico issued coins presumably to avoid the SEC (since those coins are considered securities)
Also let me say for the 100th time that no one outside of this world gives a fuck about the trials and tribulations of dogecoin holders. Compare the size and real world relevance of the cash and derivatives markets regulated by the cftc and sec to this nonsense. They have much much bigger and important fish to fry. I swear every crypto person genuinely sounds like they’re at the cutting edge of global financial markets instead of an obscure corner of the internet.
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Date: January 8th, 2018 6:42 PM Author: Vigorous rehab coffee pot On what basis? Any basis they want, as long as it colorably within the purview of their subpoena power. You don't seem to understand how federal agencies work, or the type of people that show up to wagecuck within their walls everyday. I have to lol at the notion that the SEC would not take interest in a 750 billion market that looks eerily similar to the trading of securities. Go look at their enforcement actions. They fry small fish ALL the time.
Career government attorneys, especially the SEC/DOJ want to make a name for themselves and be on new "cutting edge" cases. These agencies exist to regulate, and routinely skirt the edges on what/who they have authority over.
As I said, the only real question is whether this administration will allow enforcement. It is silly to think federal agencies aren't interested in a buckwild burgeoning market that is expanding by over a billion dollars a day. |
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Date: January 8th, 2018 9:51 PM Author: Henna Bat-shit-crazy Library Knife They still need to have some kind of jurisdiction over the activity, no? the securities and exchange commission can't just barge into any non-securities market merely because it looks fraudulent. I thought it was settled that the stuff on bittrex aren't securities.
This isnt to say that the feds can't do lots to totally fuck crypto markets. My hope is that action isnt imminent given the very small size of these markets |
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Date: January 8th, 2018 11:03 PM Author: Vigorous rehab coffee pot Yea, they need jurisdiction, but whether or not they have it is not always clear. My reading on the Bittrex report way back when was that any coin could be subject to securities law, depending on the circumstances related to the ICO, etc. So the SEC may say "this is a security" on a particular coin. And if that is the position they take, then no one will tell them otherwise except for a federal judge. So I agree that even if they are ultimately wrong, a lawsuit or administrative action could wreck havoc on the crypto market, at least temporarily.
My main point above is that federal agencies routinely take aggressive positions when it comes to new markets and business practices. Whether this results in actual enforcement is another question. |
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Date: January 8th, 2018 6:32 PM Author: contagious parlor fanboi years ago, hth (http://www.autoadmit.com/thread.php?thread_id=3853436&forum_id=7#35111958) |
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Date: January 8th, 2018 9:46 PM Author: Aromatic National What happens to your balances on an exchange that gets shut down?
Let's pray that Trump tells the SEC to "slide and let do." |
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Date: January 8th, 2018 10:52 PM Author: Exhilarant Immigrant The warning sign will be a big rush of female entrepreneurs getting involved and when there's a crash they'll bitch and moan and the feds will come in and spoil the fun (http://www.autoadmit.com/thread.php?thread_id=3853436&forum_id=7#35113935) |
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Date: January 8th, 2018 11:52 PM Author: contagious parlor fanboi ..wow (http://www.autoadmit.com/thread.php?thread_id=3853436&forum_id=7#35114570) |
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Date: January 8th, 2018 11:54 PM Author: Balding cruise ship corn cake Wow? Sounds about right to me, lol. (http://www.autoadmit.com/thread.php?thread_id=3853436&forum_id=7#35114595) |
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Date: January 8th, 2018 11:56 PM Author: Vigorous rehab coffee pot Cr. Elizabeth Holmes just got into the wrong industry. She could have easily made a $100 billion fraud coin. (http://www.autoadmit.com/thread.php?thread_id=3853436&forum_id=7#35114606) |
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Date: January 9th, 2018 12:05 AM Author: puce background story gas station bad news, brother... http://www.cbc.ca/news/business/bitcoin-s-gender-divide-could-be-a-bad-sign-experts-say-1.4458884 (http://www.autoadmit.com/thread.php?thread_id=3853436&forum_id=7#35114676) |
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Date: January 9th, 2018 12:07 AM Author: Swashbuckling Love Of Her Life this government isn't getting anything done (http://www.autoadmit.com/thread.php?thread_id=3853436&forum_id=7#35114701) |