Thanks @aggroed for your detailed and in-depth (and most importantly rational) analysis of this mess. Unfortunately I'm not as well versed on these crypto details as I would like.
What regs cover issues like this? Does the SEC have sway over coins like Steem? Binance and Huobi are both foreign based so how does that affect us. So many questions and issues to sort through but often it takes some sort of disaster to make something better. This disaster had brought the community together to fight an enemy. Anything JS or the associated exchanges say will never be trusted going forward. Hopefully we will prevail.