There is no need to panic.
The SEC is not going to pursue some guy mining coins in his garage and, barring fraud, the chance that they will pursue an exchange, or anyone at all, is very small.
Exposure to Regulation D is not new, it's been there all along, and anyone paying attention has known that. But the regulations around crowdfunding will soon change, and it's extremely unlikely that any sort of enforcement will happen before they are sorted out. Not to mention, without evidence of fraud, any enforcement is likely to come in the form of a cease and desist letter, not criminal charges.
Burnside, I'd urge you to stop speculating in public about what you may or may not do, as you are needlessly spooking the markets. Take some time to think about reducing your risk, get some advice, and come up with a plan that can be implemented over time without permanently damaging the exchange.
May cooler heads prevail!
Exactly. Again, what's going on with pirate is simply the proper procedure for the charging of Pirate, as his crime/Ponzi scheme falls under SEC established laws. It in no way suggests that there will be a subsequent case towards a bitcoin mining pool in the US, or someone kicking in money to support it (unless someone had monumental evidence proving that the pool was a ponzi scheme). If Garr and Creativex are open and honest with their earnings and business (for Cog and bASIC), then everyone will be happy.
