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> That’s how laws work.

Not really. It's entirely reasonable to expect regulatory agencies to lay out in painstaking detail and with perfect clarity the necessary criteria for anyone to know what is or isn't within bounds, and not take 10y of mixed messages to do it.

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Unfortunately for many people on HN, you should never start a business in a legally muddy sector and ask for clarification, because you should've known all along what the SEC was thinking or would've thought of!

To many people here whenever a crypto post is posted, it's unreasonable to ask for clarification from the officials who make and enforce the law.

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