The SEC’s Strategy for Enforcing Regulation on Crypto, Explained | WSJ
As the crypto industry struggles in the wake of FTX, BlockFi and Celsius’ collapse, the question of how the SEC will react is unanswered. Here’s what past investigations tell us about how the SEC sees cryptocurrency and may regulate it moving forward.
Remember: conversations in the replies about "How I made a bunch of money and it's thank you Mr. So and so" are all scams. Don't message those people. They are lying.
Crypto has no usecase except to send funds from one person to another. Nothing to get excited about until you hear many crypto-bros have lost tons of money
Better late than never. They waited until the entire crypto space shed 70% of its value before going after them. People are gonna resist this but in the end this space was rife with people openly doing things that in any other financial space would’ve seen them imprisoned. If you’re honest and transparent about what you’re doing I don’t think you need to worry, but crypto has pulled in so many bad actors riding off the enthusiasm and financial illiteracy of its community that the space as a whole is gonna hate this.
13 Comments
Crypto-currency means 'forged money' and should be banned forthwith.
SEC is a joke.
I would just ban it outright
Disband the SEC, otherwise the Crypto Industry shall be unregulated forever!
regulation will have more bugs and loop holes that crypto currency
Remember: conversations in the replies about "How I made a bunch of money and it's thank you Mr. So and so" are all scams. Don't message those people. They are lying.
The hold financial system is afraid of crypto currency! That’s my two cents..
This is why they artificially bankrupted FTX and started killing those other Crypto CEOs
Funny how this is all happening while the government wants to make a digital currency of their own… 🕵🏽
Making money is an action.keeping money is a behaviour, but "Growing money is wisdom" I figured this out a week ago. 💯
Crypto has no usecase except to send funds from one person to another. Nothing to get excited about until you hear many crypto-bros have lost tons of money
Better late than never. They waited until the entire crypto space shed 70% of its value before going after them. People are gonna resist this but in the end this space was rife with people openly doing things that in any other financial space would’ve seen them imprisoned. If you’re honest and transparent about what you’re doing I don’t think you need to worry, but crypto has pulled in so many bad actors riding off the enthusiasm and financial illiteracy of its community that the space as a whole is gonna hate this.
Hey WSJ. Typo at 2:56: “IVESTED”.