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

I don't really see how the SEC could have contributed in any way to the crypto world. Every now and then they start saying that this coin or that token is a security, they just make waste a lot of time and energy, and the majority of the times the explanations they give are pretty questionable. It's very simple: they want to have control over everything, cryptos for them are just a problem.