John McAfee Strikes Again As Crypto Followers Flooded SEC Inbox With Messages


John McAfee and its Followers Flooded SEC’s Inbox With Messages

John McAfee is again in the media after requesting its followers to ‘flood’ Securities and Exchange Commission (SEC) Chairman Jay Clayton’s email. Earlier this year on June 7, he wrote a Tweet in which he asks the crypto community to reach him and ask him to debate about initial coin offerings (ICOs).

The main discussion is around initial coin offerings and how tokens should be classified, whether as securities under federal laws or not.

According to Buzzfeed News, the requests were totally out of context and very unrespectful, considering that they were sending requests to an official governmental agency.

There are different kinds of emails. Some of them are short, while others have several paragraphs.

For example, this one is very clear, the user asks Mr. Clayton to go and debate with John McAfee to the news outlet CNN.

However, there were others such as the next one that seemed not to be so serious.

There are 103 pages of information with emails and emails to read from McAfee users from all over the world. Some of the other emails mention other cryptocurrencies such as XRP or SND.

And as seen in the last email, some users give real explanations about why they believe that ICOs are not securities.

What we can see in most of the emails written is that none of the cryptocurrency enthusiasts was able to write a proper answer analyzing risks and benefits of ICO tokens being considered securities.

The SEC receives hundreds of emails before they take a final decision about a specific product or service. However, if they are not well presented and with serious claims, then, they are for sure discarded.

Its going to take a healthy balance of sophistication and healthy doings. These kinds of emails show that the cryptocurrency community still has a lot to learn and change. If they really want virtual currencies to prosper, at least they should take the time to write a proper email to the authorities that will define the future of the space.

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