"SEC Might, Might Not Be Doing Its Job Vis-à-Vis Bitcoin"

From DealBreaker:

There are things at which the Securities and Exchange Commission should probably have a look. Like, say, the unregistered issuance of securities by companies dealing in fake currencies. You know, just a gander, if for no other reason than to demonstrate that they’re expected to follow all of those boring, stupid rules they hate so much. And so they have! Or perhaps not.

Co-founder Evan Wagner said Counterparty had not received any letter from the SEC and that he and his colleagues were unaware of any being received by other firms using its software. Either way, he said, Counterparty is not responsible for the actions of these third-party firms….
BitBeat received similarly confident assurances from other prominent Bitcoin 2.0 companies, which seek to facilitate decentralized, middleman-free commercial enterprises.

Perhaps certain octogenarians have played a hand in this relatively free hand….MORE