Welcome back to another Crypto Daily 3 at 3. What's going on, guys? It is Thursday, September 19th,

and today we're going to talk about a couple actions of regulators and U.S. law enforcement

clapping back on bad behavior in the crypto industry. Second, we're going to talk about the role

in responsibility of companies in the crypto space. Second, we're going to talk about the role and responsibility

of companies in the crypto space. Should they be funding specifically open source contributions?

What are their obligations to participate in this industry? So we're going to talk about that.

And then number three, we're going to talk about North Korea launching a crypto and companies looking at Argentina as a potential crypto zone. And basically

just we're going to be coming back to this question of the political nature of cryptocurrencies

and Bitcoin. But let's start with the regulators clapping back.

So yesterday there are a couple different stories in the news that reflected this theme.

The first was that the SEC was charging ICO box with securities violations.

So first of all, don't use an acronym that's popular at the moment and then stick box on it.

I feel like that should be a finable offense all on its own.

Second, this is basically so right down the pike of kind of the scummy side of ICOs.

So the quote here said from the complaint, defendants claim that ICO Box would be successful

and the ICO's tokens valuable due to the efforts of ICO Box's management team who would curate

potential digital asset projects and attract 100 plus clients per month as of the date of ICO Box's

offering.

ICO Box had yet to support a single token sale to completion.

Basically, they're just laying out the how we test in such clear terms. Common Enterprise,

effort of someone else to create profit, promise of profits. So really clear right down the pike sort of regulation.

Catherine Wu summed it up.

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