Re: How has SEC contributed to the blockchain industry?

Quote from: CryptSafe on June 08, 2022, 10:05:06 AM

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.

https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.bloomberg.com/news/articles/2022-06-06/us-probes-binance-over-token-that-is-now-world-s-fifth-largest&ved=2ahUKEwja4v_-yp34AhUJXxoKHVBTBEQQ0PADKAB6BAgVEAE&usg=AOvVaw2qFWiLCpAehI6iLamIpmbw

SEC has done more harm than good to the blockchain industry to be very honest. From time to time it has brought in news like banning bitcoin or Cryptos which has really taken away money from lots of investors who sold their holdings in FUD. It's true that more or less SEC has brought in some regulation into the picture by slowly probing into whatever is happening in the crypto world but I think until now they should have already brought in a good legislation which unfortunately they haven't , so really they haven't made a big impact on crypto industry.