Quote from: Cookie Man on August 23, 2018, 07:43:21 AM

To me this is an expression of how badly the SEC wishes they could control BTC and as long as they dont have the control button, no proposal will ever go through.

People need to understand that we have many exchanges that are created without license and by people we do not even know, the crypto world still lacks a lot of regulation, would you trust an exchange like yobit for example? let's say you have a bank, the owner of yobit appears in your bank and want that your bank accepts that yobit open account in your bank and allow your customers to trade Fiat/cryptos. you as the owner of the bank, you will do a search about yobit before closing the business and see what you will find about yobit:

Yobit Scam withholding 10BTC

Would you allow your bank to do business with yobit? Obviously you would not allow it, so you can see that the SEC has already done research on the crypto market and already realized the huge irregularities that happen in the crypto market and the SEC wants to protect people.

Quote from: dimbaba on August 24, 2018, 03:07:04 PM

I think they are just doing their job to make this market mature

I agree