It's funny that this should come up right at this moment - I have just finished composing this post: https://steemit.com/div/@elfspice/the-div-kernel-a-weed-that-has-found-fertile-ground
Governance is the core and very serious problem in 'Blockchain' projects these days. The only chain that is taking the proper due care to govern itself is Dash.
You can bet your bottom dollar that Dash is going to respond to this quickly, and effectively, and Dash is gonna see $1000+ prices very soon, because such a ruling is going to put a LOTTA rackets in some serious hot water.
That means you, @ned @dan @sneak @blocktrades @smooth @abit, just to address those who are by their own trickery or collusion in such positions of being responsible for what happens here.
I'm pretty sure I am going to be very glad, over the next 3 months, that I am holding my surplus crypto in Dash.
The DIV network will also be very responsive to this very serious issue as well. I believe it will even outdo Dash for its effectiveness, once it gets out of alpha and has an avenue towards exchange.
Government might be a bunch of corrupt assholes, but they do know one thing, that everyone in crypto better pay attention to: Without governance, they are being handed yet another tax cash-cow to milk.
RE: SEC to blockchain community: You are now regulated