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by CamelCaseName 682 days ago
The SEC continues to be a huge disappointment.

All the sales made to retail were not protected, simply because they went through an exchange.

I'm so tired of waiting for regulatory authorities and legislators to wake up and do their job.

2 comments

Blame the court for this bad decision -- it's the SEC's position that the sales to retail were also problematic.
This is a false dilemma

Accountability and deterrence doesn’t have to come from the SEC

The SEC contains people passionate about this, but that doesn't mean they are the specific authority eligible

The FTC exists too, they are aware of their capabilities in the crypto space. They have circulars since 2017 as well.

There is also Congress. Agency deference is dead anyway.