Thought I'd give people here a heads up.
This has been posted and the Bancor project leads may want to take action on it,
https://www.txsrb.org/single-post/2017/10/05/Is-Bancor-an-Illegal-EntityHere is an interesting article on the founder of txsrb,
http://www.huffingtonpost.com/2012/07/30/john-gotts-gop-kansas-idaho-house_n_1721167.htmlThe following are examples of the emails they have been sending to projects threatening to label them as toxic if they don't join their organization, and was an attempt to capitalize on fear from the events in China to further pressure people and projects into joining their organization:
IMPORTANT:
With China placing a halt on all ICOs, the Russian, Ukrainian, and US SEC recent reports and announcements, there is a level of uncertainty for some coins' lives moving forward. The Token and Exchange Self-Regulatory Body has already opened and we're assisting with the compliance efforts. A list of clean coins has been posted on the website and a list of toxic coins will be posted September 14th. TXSRB members will then vote on standardization and which coins are deemed clean or toxic. We want to make sure all the toxic coins have the ability to clean themselves by that date to show an effort of compliance. If you would like to discuss more via phone, please book a time in my calendar.
TXSRB membership is FREE and encouraged to better self-govern our space.
Brian Masterson
Global Director | Revived Division
Stokens Inc. | Stokens.com
m 419.260.0245
brian@stokens.coThis article they promote,
http://www.huffingtonpost.com/entry/this-is-why-digital-currencies-need-a-self-regulating_us_5993709ee4b0afd94eb3f5c0 , claims the SEC is an industry self regulating body:
The SEC is not a government agency, rather they are a self-regulating body that was created by the member exchanges to protect and educate the public about securities. Similar agencies exist around the world providing the same service to their own citizens as the SEC does in the United States.
This article is full of name dropping, trying to create a sense of consensus and association among prominent figures in crypto where it most likely does not exist. Their marketing materials they send to prospective members are full of similar references trying to stimulate a "jump on the bandwagon" effect.
What this group is trying to do is seize control of the entire crypto industry in the US, setting themselves and their members up as gatekeepers, just as the American Medical Association did with medical care as a lobbying association for doctors in the 1800s.
I would recommend anyone or any projects mentioned by The Tokens & Exchange Self-Regulating Body (TXSRB) to disassociate themselves from them as soon as possible.
I, for one, will not do business with any project or person who is associated with TXSRB in any manner.
