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by darthvoldemort 1692 days ago
How can the SEC and the Treasury let these crypto coins continue to exist when it's so rife with scams? Based on the TOS of Tether, it's clearly as scam with no protections for any investors.

Why hasn't the US government regulated all these coins out of existence? I feel like it's turning into a systemic risk to our economy given how much money is being turned towards them.

1 comments

Crypto-oriented startups and their investor backers are spending time and money on lobbying, that probably has at least a small effect in terms of slowing any regulatory momentum. i.e. https://www.wsj.com/articles/bitcoin-fans-are-suddenly-a-pol...