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The SEC has become increasingly active in the crypto world in the past few months — most recently with the announced settlements involving the founder of the EtherDelta exchange and, separately, two token issuers (Airfox and Paragon). These resulted in a rare tripartite release from the SEC’s Divisions of Corporation Finance, Investment Management, and Trading and Markets. These three divisions coming together for this release — in combination with their previous actions — solidifies the SEC’s s...