> So basically the SEC failed to protect people from that ponzi scammer boy SBF was FTX was headquartered in the Bahamas for a reason. The SEC doesn't have jur

> So basically the SEC failed to protect people from that ponzi scammer boy SBF was FTX was headquartered in the Bahamas for a reason. The SEC doesn't have jurisdiction over the Bahamas. It also takes time to build a case, which is difficult when FTX exploded and then collapsed so quickly. Binance.US and Coinbase both operate in the US, under the SEC's jurisdiction.