Most days, there is little love lost between the United States Securities and Exchange Commission and the world of crypto. As the regulator of the world’s largest capital market, the commission’s continuing work to track down sales for tokens it considers unregistered securities has left a fair bit of the crypto market viewing the commission like a boogeyman.
Which is not fair. There are controversial cases, but the ICO boom was rampant with predation, fraud and theft: Exactly the sort of issues you keep a regulator around to stamp out. Right now, though, the SEC is faced with a wide range of new concerns as technology enables new relationships between investors and markets, including crypto. A legitimate concern is their years-long hesitance to issue reliable guidance for well-meaning actors.
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