Ryan Sean Adams (rsa.eth) pfp
Ryan Sean Adams (rsa.eth)
@rsa.eth
Crypto Lawyers, Can we launch a class action lawsuit against the SEC for costing Americans citizens millions of dollars in missed token airdrops? I'm sure we could get enough people. Tell me why this is a dumb idea.
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Adam Snyder  pfp
Adam Snyder
@adamsnyder.eth
The primary problem with a class action against the SEC is that federal agencies are entitled to sovereign immunity. Under sovereign immunity, government entities/officers generally cannot be sued for monetary damages, which means that we couldn't force the SEC to pay for our missed airdrops
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eggman 🔵 pfp
eggman 🔵
@eggman.eth
Honest answer It's a dumb idea because you're taking a reasonable argument to a corrupt institution. A system that's designed to keep wealth contained within the upper classes would never do so much as discuss systems that are designed to distribute wealth.
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mike@sylphdapps.eth 🎩 pfp
[email protected] 🎩
@mikesylphdapps
What have they done though? Teams are proactively blocking Americans because they are nervous. That's on them.
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Fidel Ramos pfp
Fidel Ramos
@framos.eth
Oh but the SEC is not blocking any token airdrops to US citizens... ...They just need to register... 👹
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Jabber🎩🔵 pfp
Jabber🎩🔵
@jabberwakki.eth
I mean you’re not wrong. But until lord farquaad is out of there the case will continue to build
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