Dash is still trying to decide whether or not to perform the due diligence that should have been done before launching the project.
Cite:
Proposal: Legal (September)https://www.dash.org/forum/threads/proposal-legal-sept.10457/1) Legal opinion on the treatment of masternode block rewards under the Internal Revenue Code
a. Whether they are treated similarly to mining rewards, interest, or other tax treatment
b. Tax treatment of the initial collateral “investment”
2) Liability of masternode owners for the transactions they facilitate
a. Whether masternode owners may be responsible for criminal activities connected with transactions they facilitate
b. If so, under what circumstances
c. Whether participation in “mixing” services might give rise to criminal liability
d. If so, under what circumstances
3) Liability of exchanges that support Dash transactions and guidelines on meeting existing compliance
a. Whether an exchange might be held liable for criminal activity associated with PrivateSend transactions
Jaxx should have known better, but they were bribed by Evan to add Dash.
It's been clear for years the Dash Masternode HYIP is an unregistered illegal investment security, and it's not surprising Apple is swinging the banhammer.
the SEC will be coming after you eventually for very clearly running an unregistered illegal investment security (and you come from the finance world so you know very well that you are skirting the securities law). Hope you've paid off the regulators with the $million you mined from the gullible speculators in crypto. Personally I don't see how it has been worth it. The $million you've perhaps pocketed will never sustain you to be rich for the rest of your life, and you will constantly have hanging over your head the threat of SEC action at any time in the future. That is criminal liability in exchange for $million. Not worth it. You are nearing the end of the road for your run.
I have studied the SEC regulations and all these marketing to speculators is clearly a violation of the Howey test for being an unregistered illegal investment security. It doesn't matter how you've obfuscated it by pretending the masternodes are in control, the Supreme Court has consistently said that the test overlooks any attempts to obfuscate the economic reality of the situation. Then on top of that is the evidence of deception with the premine and the advertised money supply protocol being altered ex post facto, etc.
And afaik you are a USA citizen, so thus you incur the maximum culpability.
