Posted 5 hours ago by Jon Evans (@rezendi), Columnist
*** begin quote ***
The ICO regulators are here, and they’re carrying big sticks.
“Coins or other digital assets issued on a blockchain may be securities under the federal securities laws… tokens were securities as defined by Section 2(a)(1) of the Securities Act because they were investment contracts … An investment contract is an investment of money in a common enterprise with a reasonable expectation of profits to be derived from the entrepreneurial or managerial efforts of others.”
*** end quote ***
Laissez-faire is an economic system in which transactions between private parties are free from intrusive government restrictions, tariffs, and subsidies, with only enough regulations to protect property rights.
We don’t need the Gooferment to “protect” us.
Their only interest is to protect their established interests.
Crypto-currencies do represent a huge threat to the fiat currencies that enable the Federal Reserve System — — The Federal Reserve Bank is a misnomer. IT ain’t “federal”. It reserves nothing. And, it ain’t a “bank”. It is a private cartel of the elite banks run for their benefit and that of the entrenched politicians. — — to fund the welfare / warfare state.
# – # – # – # – #