Really? If companies release a falsified prospectus when they seek investment, isn't there some penalties for doing so in the real world?
Maybe we could recommend to the SEC -- hey, you guys should just close up shop. "Everyone needs to take responsibility for their own actions". We don't care if scams come and go...
Yes, crypto is unregulated, but it doesn't mean we must allow scammers to flourish by sitting back and doing nothing. In this case we end up helping scams propagate. I don't want to help scams propagate.
meep