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I hate crypto bros and crypto land, it's a cesspool of scammers with almost zero value to it. That said, isn't it a bit concerning that we have an agency that
by hsjqllzlfkf 3y ago
I hate crypto bros and crypto land, it's a cesspool of scammers with almost zero value to it.
That said, isn't it a bit concerning that we have an agency that both writes AND enforces the laws? Why is this aspect unlike everywhere else in society?
- sokoloff 3y agoThe FAA does this as well (and it works reasonably well). I’m less familiar with the details, but it seems like the FTC, FDA, EPA, and OSHA all have significant rule-making and rule-enforcing power as well.
- Sparkyte 3y agoSEC only writes regulations not laws. They can't uphold penalty unless they can enforce regulations with laws. So when they write a regulation it has a law backed by the government supporting the regulation. It can be overturned at anytime if found that it imposes on laws or constitutions.