10 ms·

Gee, I wonder why the SEC isn't happy about exchanges selling unregistered securities to retail investors. They should absolutely have cracked down on it way ea

Gee, I wonder why the SEC isn't happy about exchanges selling unregistered securities to retail investors. They should absolutely have cracked down on it way earlier, but unfortunately regulatory agencies work rather slow. You threw your money in the local wishing well and are now upset that it got confiscated with your money inside it for unpaid taxes.

fallingknife 3y ago
It's not a matter of slow. Coinbase has been around since 2012 and it doesn't take 10 years. The SEC had no intent on cracking down and didn't even consider most of the market to be securities at all. Here's Gensler saying so himself in 2018 https://twitter.com/ZK_shark/status/1650689125580668931 https://twitter.com/ZK_shark/status/1650689125580668931