When crypto enthusiasts complain about a lack of clarity from regulators…

When crypto enthusiasts complain about a lack of clarity from regulators, their chief complaint is that what they want to do is (pretty clearly) illegal. https://decryptmedia.com/2018/10/10/sec-tightens-the-noose-on-ico-funded-startups/

If you want to do an unregistered securities offering and receive $100 million in cash equivalents with no registration statement, a "whitepaper" as your only disclosure, and compensated agents promoting you to retail investors via WhatApp... I mean, well, clarity not lacking.

c.f. "We need clarity about whether our cryptocurrency exchange is a money transmitter." "It is." "So we need clarity on how we can avoid having to KYC customers." "You can't." "This is all very mysterious, you know?"