William Mougayar: SEC Does Not Get Idea Of Crypto

May 22, 2018

William Mougayar, prominent businessman and ETH Foundation advisor, has spoken out critically on the world financial regulators, on SEC, in particular, and noted, the agency does not understand sufficiently enough what crypto industry is all about.

Mougayar believes, the Commission tries to educate itself while its primary goal must be educating people. In addition, they set limits to themselves when considering cryptocurrencies as securities while it is obvious that it is not applicable to all digital currencies.

The advisor is convinced, Bitcoin may well become a native currency in the Internet but Bitcoin won’t be the only one and is going to lose away to ETH at all points.

Earlier SEC spokesmen launched a platform for promoting fake and illegal ICO HoweyCoin for educational purposes.

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