Thoughts on SEC Safe Harbor Proposal?

[TokenHodlr]

The application of the federal securities laws to these transactions frustrates the network’s
ability to achieve maturity and prevents the transformation of the token sold as a security
to a non-security token functioning on the network,” Peirce said in notes detailing the proposal.

I think this is a significant breakthrough.

What say ye?

SEC Proposes 3-Year Safe Harbor Period for Crypto Token Sales

[CjMapope]

Way too late imo
This scene has already had massive scamming, all the worst scams have been done already (i.e Onecoin), and the SEC has done not much about it : /
good to see them trying tho, so i guess points for that
the USERS have already learnt mostly what to look for in a scam, all this SEC thing will do is slow down the "legit scamcoins" like Richard Heart's
so many companies and rich people are making cryptos just to print their own money and make hype for themselves