> Not one of these things has the least to do with civic freedoms.
These things have to do with whether democracies follow the rule of law.
Civic freedoms tend to go away when democracies become authoritarian regimes.
> USAid didn't even exist before 1961
It was created by Congress in 1961, but destroyed by the ire of one man in 2025, without any Congressional approval. Does it feel like democracy to you?
1. It's not clear whether exchanges like Coinbase could technically comply with the rules for running a securities exchange, because the fine print of "what to do" doesn't fit well at all with the technical reality of "what does it mean to hold a cryptoasset" [1]
2. The SEC want token "creators" to register them as securities. Which they could do, but they would then be subject to SEC oversight, which is precisely what they're trying to avoid. ICOs are really a way of raising money from retail investors like a public company, without following any of the regulation around public companies.
So even if we solved 1., there might not be many tokens left to legally trade on a registered securities exchange.
These things have to do with whether democracies follow the rule of law. Civic freedoms tend to go away when democracies become authoritarian regimes.
> USAid didn't even exist before 1961
It was created by Congress in 1961, but destroyed by the ire of one man in 2025, without any Congressional approval. Does it feel like democracy to you?