Post
Topic
Board Legal
Re: Sec and EtherDelta
by
olubams
on 13/11/2018, 15:21:07 UTC
"Washington D.C., Nov. 8, 2018 —
The Securities and Exchange Commission today announced settled charges against Zachary Coburn, the founder of EtherDelta, a digital "token" trading platform. This is the SEC's first enforcement action based on findings that such a platform operated as an unregistered national securities exchange."

Do you guys really think sec has any case against EtherDelta founder?

https://www.sec.gov/news/press-release/2018-258

Of course they would have a case against him. If they don't they wouldn't have called a press conference to announce that or release a statement to that effect. The law is there and they expect everyone to comply with the law no matter who you are and whether you recognise the existence of the law. You will still be tried under the same law. This is largely what happen to the proponent of Liberty reserve sometimes in the past which is what led to the end of that at the time.

Its time to start thinking of the worst case scenario as one thing is sure, one of the condition of getting a plea is compliance with the request of shutting down the platform for good. This is the state exercising its power and there is nothing to do to stop it.