Hacker News Reader

> The SEC prefers to keep the line fuzzy so that actors keep their behavior well on the “allowed” side.

In crypto it appears the exact opposite is happening.

Then crypto will get sued again and again while the SEC refine their internal model of what is lawful based on the outcome of court cases.

On the bright side, it clarify things. The downside is it cost a lot of money.

They can always do what traditional money does, stay within the safe zone with well established precedents.