Banks 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 t

Banks 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.