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Okay, but still, for the average person, the recent support for memecoins seems like a complete contradiction to the basic principles of consumer and investor p
by wslh 2y ago
Okay, but still, for the average person, the recent support for memecoins seems like a complete contradiction to the basic principles of consumer and investor protections.
- alephnerd 2y agoCrypto is legally a commodity due to 2022-23 era lobbying, not a security. As such, it falls to the CFTC to regulate it, not the SEC. The CFTC has been defanged in both administrations, but it was Sequoia and Dustin Moskovitz backing the last admin via FTX and A16Z backing the current admin.