A lot has been said lately about the SEC and how they've become the de facto Dark Knight of the industry, fishing out dubious offerings, bringing bad actors to justice, and trying to bring justice and order to the chaotic (and most times, downright shady) world of ICOs.
Or so it seems.
The SEC issued a PR in October slapping the irons on Blockvest and shutting it down:
https://www.sec.gov/litigation/litreleases/2018/lr24314.htmDespite the founder pointing out some irregularities regarding the court order and manner which it was publicized, the whole affair looked like yet another slam-dunk affair with most of the community adding BlockVest to a growing footnote in the emerging industry.
Then, this happened:
https://www.scribd.com/document/394382912/Blockvest-Ruling#from_embedA U.S. court has dismissed claims from regulator Securities and Exchange Commission (SEC) against decentralized blockchain-based assets exchange Blockvest, court documents released Nov. 27 confirm
A summary of the court decision can be found here for those of us who often find legal parlance as palatable as chewing sawdust:
https://medium.com/tabularasa/the-sec-just-got-beaten-by-an-ico-in-court-6f5e3ddc4c70With the media abuzz with this unprecedented outcome, it's probably time we begin to really question the intention of these dark knights (issues of mere flesh and bones under the cape aside). Brings to mind, this wonderful insight too about the SEC possibly overreaching:
https://www.coindesk.com/there-is-no-bitcoin-what-the-sec-doesnt-get-about-cryptocurrency
