Do you guys really think sec has any case against EtherDelta founder?
Does it matter at this point? Coburn already settled. This sets a dangerous precedent for decentralized exchanges though. The SEC has been very busy with crypto.
We're still waiting for a precedent to be set by the courts. Coburn didn't admit or deny the findings. He agreed to pay because the SEC offered him a slap on the wrist.
It'll be interesting if any DEX owners try to fight these kinds of charges in court. Etherdelta was one of the first of these kinds of exchanges. I doubt they'll be the last to be charged.