SEC Chairman Gary Gansler has hinted at an expansive purview, suggesting that, in his view, “everything other than Bitcoin” could potentially fall under the agency’s jurisdiction as a security. However, this perspective is not universally shared, and calls for regulatory clarity are growing louder.
He makes it clear that Slowjamastan technically meets the criteria for a sovereign nation-state as defined by the 1933 Montevideo Convention, which is typically cited as the best definition of a country.