As we all know the SEC so far was established for checkmating exchange activities be it Fiat or crypto currency but it's current outburst on crypto currencies and projects is unbecoming. Now I ask to what extent has the SEC really contributed to the improvement of the blockchain industry over the years past. Recently, binance is under investigation only God knows what the outcome would look like. I need you honest opinion.
Bit of a strange stance to take against the SEC, it has a very hard job to do between regulating potentially manipulative market behaviors, looking after end users who might be susceptible to new schemes (NFT's kinda imploded recently) and trying to create laws that are not too stifling either. In fairness to them they gave cryptocurrency a rather light touch when it came to regulation, many other oppressive countries haven chosen to ban such technology outright. If anything the SEC is usually far behind the curve and could be taking a more proactive stance against risky trends in the market place. I'd say we're getting off lightly based on how it is enforcing it right now.