The CFTC + Stuart Alderoty

[HAL1000]

Wall Street Journal article covering some of this:- https://www.wsj.com/articles/senate-plan-would-put-bitcoin-ether-under-commodity-regulators-watch-11659499261?mod=e2tw

The SEC keeps relegating the CFTC to the kids’ table. That's their regulation by enforcement strategy – attack projects w/ varying resources so they can expand their jurisdiction beyond “securities” by telling judges w/a straight face we’re the government so we must be right. 2/3

Time for the industry to lock arms and defend this overreach together. 3/3

[HAL1000]

To break this down for all those who want the easy to grasp version of what the Gary Gensler and the Sinister Ethereum Cartel really want

[Frisia]

"Even if a fraction of people" buy a token for "investment purposes, you’re in securities land."

If that is what the SEC sustains then all crypto currencies are Securities, including BTC & ETH. Makes no sense at all and it just increases the confusion.