I think it's a positive for the industry too. Reddit is nothing like what HIVE has actually evolved into. Reddit will remain heavily moderated and closed, while the whole layer zero aspect of HIVE will see it continue to open up.
Reddit is so heavily moderated and I laugh with friends who work in digital marketing that have been banned there on so many different accounts for simply trying to share links that for some reason weren't allowed.
My questions are why is Reddit allowed to do this, but Telegram/Facebook wasn't? Is it just because they're integrating an already established coin in ETH, and not creating their own?
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Telegram sold theirs. It was a way to raise funds which makes it a security (in the SEC's eyes) and thus, open to lawsuit. If Telegram gave the tokens away, then it would have gone through.
As for Libra, it isnt the SEC that is stopping them. That is a political situation, not regulatory. The Libra is a threat to the USD (and other fiat currencies) so politicians are stepping in.
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