This is a security (according to the SEC) that went unregistered. Why can't they just register? With such a huge offering it's not so rich to just pay someone f

This is a security (according to the SEC) that went unregistered. Why can't they just register? With such a huge offering it's not so rich to just pay someone for filling the Form S-1/F-1. It's not like the SEC hates Bitcoin/crypto on principle. Or Elon Musk (I'm referring to the 420 tweet). It just follows the securities law, a law that was established after the 1920s stock market crash and the Great Depression that ensued afterwards. Again, it's not hard to follow the law. Fill the form, call it a day. Or don't fill the form and make sure you're only selling to accredited investors. Also, filling form S-1 will help you getting professional investors on board. A whole lot of them trust the SEC data in Edgar.