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It suggests bad faith to ask why the SEC didn't crack down earlier. Sure, it was politics, but it seems entirely understandable. We all know that before the cr
by vba616 3y ago
It suggests bad faith to ask why the SEC didn't crack down earlier. Sure, it was politics, but it seems entirely understandable.
We all know that before the crypto bust, a lot of people would've been starting a witch hunt if the SEC had tried to enforce the law. Congress, for starters.
Gensler is being opportunistic now because that's the reality they have to work with.
The wealthy and powerful in this country take it on themselves to personally ruin public servants who get in their way sometimes.
- paulddraper 3y agoHuh??? The SEC decides when, what, and for whom it enforces rules?
- ceejayoz 3y agoThis is extremely common practice in our system. https://en.wikipedia.org/wiki/Prosecutorial_discretion https://en.wikipedia.org/wiki/Prosecutorial_discretion
- paulddraper 3y agoKinda violates "justice is blind" trope, no?
- ceejayoz 3y agoMeh, "justice is stupidly aggressive" isn't an improvement.
- vba616 3y agoNo, it's impossible to prosecute every violation of law, and this has been true since the beginning of time. Would you agree that each library can't have every book ever written, and do you think there is a distinction between not selecting a book and "banning" it?
- vba616 3y ago"In our system"? As if there is a system that catches, charges, prosecutes and/or convicts everyone who breaks the law.
- vba616 3y agoEvery organization has limited resources. A library can't have every book in the world. This doesn't mean that not selecting a book is exactly the same as "banning" it. It does mean the issue is nuanced.
- ETH_start 3y ago>>The wealthy and powerful in this country take it on themselves to personally ruin public servants who get in their way sometimes. Oh poor Gensler, former banker turned regulator worth $100 million, getting push back when he robs people of their right to invest their money how they want.
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