[Georgelemental]

> But more, if they didn't understand this, it was their responsibility to not allow it to happen until they did.

"Everything not explicitly permitted is forbidden" seems like a uniquely terrible legal precedent to set.

[danaris]

There's a difference between applying this in the general case, and applying it in finance, where letting something go unregulated just because it's new is nearly guaranteed to result in rampant scams and people losing their life savings to the unscrupulous who misrepresented their offerings.