It comes from the office of the NYS attorney general. https://ag.ny.gov/consumer-frauds/pyramid-schemes
Please send them an email elucidating the finer points of what scheme is what.
Please send them an email elucidating the finer points of what scheme is what.
I'm also aware that not all communications use exact definitions at all times! Your smugness is not called for.
If you just want to link some government pages in the google results for 'pyramid scheme', here's one following the precise definition: https://www.fbi.gov/scams-and-safety/common-scams-and-crimes...
And saying they need to remove that part of the ToS to honestly accept any crypto business is silly.
You could make an argument against allowing entirely new coins, I guess, but that's more about the other ToS terms than 'pyramid scheme'.