Just got off the phone with a SEC specialist. He said that the SEC is looking into Bitcoin security exchanges, and if they are unregistered and offering unlicensed securities then they are violating the law and has advised me to not invest. I asked him about if being virtual and for educational purposes covers it and he said he cannot say.
If you don't believe me ask them here
https://tts.sec.gov/oiea/QuestionsAndComments.html they called me back.
Whoa! How arrogant are these fools?
Next time you speak to this SEC specialist please ask him what gives the USA control over all the worlds exchanges? I think the assumption that if the USA disagrees it must be illegal arrogant and dense.
What law is being violated?
Perhaps in the USA but most of us live, do business and exist outside the USA.
I hate that country so much, such utter arrogance I can't believe it sometimes.