I'm conflicted. The purpose of SEC is to protect the US citizens from shady wall street brokers and bad deals that will end up losing people money. Crypto is such a wild west right now, I'm not sure SEC is capable of handling it like stocks. I don't know..
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Hopefully they'll get an education on crytpo because not every token is a security.
I'm not sure they can get a handle on it either due to its international nature.
You're right