| There are a few problems though. - Since Cryptocurrency is international, the US SEC does not have jurisdiction everywhere in the world. When there is millions on the line, you could just move to another country and try a scheme, or direct a foreign lackey to do it. - "The Federal Reserve simply does not have authority to supervise or regulate bitcoin in any way. To the best of my knowledge, there is no intersection at all in any way between Bitcoin and banks that the Federal Reserve has the ability to supervise and regulate." - To count for an exchange you have to issue shares. Not everybody does this. - Is cryptocurrency a token or a security? - How to distinguish between nouveau riche BTC millionaires trying out their luck with an ICO and a criminal organization using it to launder money? - Who is the single legal entity to target when the ICOs are distributed, and no single entity issues coins? - What to do with those that profit from future illegal activity, as a 3rd party? Right now there is a lot of obvious market manipulation going on. Whales banding together to influence and set prices. Pumping up interest with bots and 5-cent army trolls. Selling stolen coins for 50% of market value. Sharing upcoming announcements with a small group of investors, devs, and supporters, allowing them to speculate on insider knowledge. How do they prove I must have known about the stolen coins, when the news hasn't even broken yet and I already put out a buy order of 50% of the price in case of a flash crash? |