The SEC cant ban anything. They can only sue for violations of securities laws.
As for the USG banning, they can ban anything; the question is how effective. The coin are not resident in the United States, so that is a problem.
The regulation of something in the digital world shows how governments are suited to handle it.
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Thanks for the clarity. Even though the SEC regulatory procedure and so called HOWEY test looks manipulative to me (because have read paper severally but seems not to understand what they consider a security offering), I'm not sure hive chain goes against their rule.