“I think it’s very clear that in the United States, the laws have not been clear, and for the SEC then to go back in time and say you should have known all along, it’s a hard case.
“Even, this past couple days, a ruling from the court finally requiring the SEC to publish information about some speeches that the Director of Corporate Finance Hinman gave about Ether not being a security.
“They’re saying there’s clarity, but then they won’t provide clarity.