The regulator is just bringing themselves closer to their own demise.
So they weed out the notsoDecentralised Autonomous Organisations with founders, pre-mines and entities in control of governance.
But what happens when they get to actual DAOs that have near bulletproof decentralised governance, run on decentralised networks?
Say like Hive's for example ;)
Seriously what happens then?
They literally can't do anything.
So do they just ignore us?
Do they make a lot of noise about us?
And then what happens when they ultimately fail and the Hive DAO remains untouchable?
Continuing to allocate UNREGULATED MONEY (ooo scary), to wherever the network votes to allocate it.
Personally, I hope the CFTC keeps pushing.
Because the more they push, the closer we can get to the point where the regular citizen taxpayer realises they are wasting everyone's time and therefore their role is forced to shift.
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I guess they can make using Hive illegal in the US. But, as long as we have enough people willing to exchange goods and services for Hive we are good.
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