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by mvzvm 1868 days ago
I do. Right now it feels like a carnival full of carnies.
2 comments

Folks have forgotten the reasons why the SEC was created in the first place, probably because the heyday of unregistered securities, etc, was over 100 years ago.

While you could make plenty of argument that the SEC should do more, it doesn't make any sense that it should do less.

Lots of folks will lose a lot of money in cryptocurrency schemes in the next few years. We desperately need more regulation.

> I do. Right now it feels like a carnival full of carnies.

With people making fortunes or losing everything based on one dude's mood and a single tweet.

The SEC and other's exist because of the Robber-Baron's of old... I'm no "Regulation Hawk", but it does seem silly to allow this nonsense to continue.