“The SEC is completely out of control. They’re going rogue,” Quintenz said.that Ethereum was an unregistered security, which, if proven, would place the second largest cryptocurrency by market cap under the purview of the SEC.“The United States has to make a decision about whether or not it will embrace and support innovators in this country,” said Quintenz on an afternoon panel. “There are jurisdictions that are mindful about this.
“We try to advise our founders about regulatory risk, but it’s hard without regulatory clarity,” added Perkins. “Other countries are not waiting for us.”
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