On: As Bitcoin Sinks, Industry Startups Are Forced to ...

[pera]

> If it was issued and marketed by a single entity the participants would be in hot water by now for violating the Securities and Exchange laws.

What laws are being violated by Bitcoin's participants?

[carleverett → pera]

Certainly not any SEC laws. Jay Clayton, SEC Chairman, has explicitly said that Bitcoin is not a security: https://www.investopedia.com/news/sec-chair-says-bitcoin-not...

If they were in violation of SEC laws, the parent comment is still be inaccurate since Bitcoin's immutable ledger would mean the SEC would absolutely be pursuing violations, like they are with other ICOs.