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RE: My theory on how EOS will attempt a hostile takeover
Another thing that might happen is if SEC consider the 2014 Ether distribution as securities, then every ICO will be considered as such and it will be a cryptoblood bath. not to mention most exchanges and companies who issued ICO needs to be shutdown and or meet securities law. I bet very few cryptos will survive it.
This would be a major issue if they had not already been given a green light. Last hearing it was pretty clear that they had the nod of approval.