Re: GAW Zen Hashlet PayCoin unofficial uncensored discussion. ALWAYS MAKE MONEY :-)

Josh, in the latest cloud miner interview (with the other Scott), you mentioned talking to the SEC about compliance.

When I have brought this issue up before in email, you did not mention this step. One might assume that you too are concerned that you might be running an unregistered security and are attempting to make it legal.

That's great if so! More power to you.

However, to pretend that you are not running an unregistered security does not inspire trust. If you are attempting to become compliant to SEC regulations, then say so. No shame in that.

We have an entire team of people we are bringing for that specific reason. Compliance managers, etc. Additionally, we have already engaged with a group that specializes in helping companies obtain the proper licenses. We are well aware of the things we need to do, and we are doing them. We want crypto to become something the banks are not afraid of. We think we have a shot at that.

Thank you for the response--can you answer a bit more straight-forwardly?

1. Are you attempting to seek compliance or clarification on compliance from the SEC right now regarding potential unregistered securities violations?

2. When did such an attempt begin in earnest?

We have throughly checked to insure that we are not violating securities laws. The opinion continues to be that we are not.

But, many of the banks we have spoken to feel the risk with crypto is way too high to work with. So we are hoping through following all the "normal channels" that we can change their minds.

Thats about as specific as I can be for now.