8 ms·
Just looking at the last 6 months of press releases, I can't find a big bank anywhere. https://www.sec.gov/news/pressreleases https://www.sec.gov/news/pressrel
by sxates 9y ago
Just looking at the last 6 months of press releases, I can't find a big bank anywhere.
https://www.sec.gov/news/pressreleases https://www.sec.gov/news/pressreleases
Then there was that time back in 2008 when all these banks crashed our economy and a single guy was prosecuted and went to jail. 1 guy.
But in the last month I can remember at least 3 press releases from the SEC about crypto concerns and investigations.
- dkasper 9y agoBanks likely comply with regulations 99.9% of the time (doesn't mean the regulations work well enough though). They have teams of lawyers and have worked with the SEC for years. Contrast that with crypto where fraud is commonplace, and people constantly flaunt regulations, claim they aren't securities or banks so regulations don't apply, etc. Crypto is a new ballgame and the SEC is trying to figure out how to regulate it appropriately so of course there's a lot of activity there.