Crypto-"currencies" are relatively new - and many including myself see them as innovative Pyramid-Ponzi schemes. There's also clearly a lot of VC money involved

Crypto-"currencies" are relatively new - and many including myself see them as innovative Pyramid-Ponzi schemes. There's also clearly a lot of VC money involved now, and other less savvy people's money in them - the army of HODLers, so the SEC has to tread carefully. Would you prefer - would those companies prefer - being completely ban/blocked from operating until SEC understood it all? I'm guessing no. I'm guessing too that investors would have liked the protection though, as would society in general - those who got drawn in by the shallow hype and lost money.