Did you guys really miss this one?

[Cryptjitsu]

https://www.sec.gov/news/press-release/2023-143

Pretty funny. Did see this coming for a while.

Rumor is that he was actually contacted by SEC late 2022 and ignored their request.

 

[mikeriley]

How many other entities have been operating
tokens as an investment?

The SEC is not done.

 

[Cryptjitsu]

Well, like, if you are to be honest, ask what tokens have any real utility aside from speculation?
Ethereum does have utility besides speculation, so do the derivative gas tokens.
Aside from that, maybe a few others.

 

[Cryptjitsu]

I'm quite surprised you guys haven't been discussing this whole Richard Heart/HEX/SEC bonanza. It's a pretty big event within DeFi, all things considering.