So the SEC just want a crackdown on those fake ICOs? That's definitely a good thing, I don't want to see another bitconnect appearing again. But I don't like what he said about giving the FBI more power. It's just doesn't sit well with me. On the otherhand bitshares going from C+ to B- and joining the steem up there is definitely a cause for celebration. Overall the news are rather positive today. We certainly need more of this kind of news to uplift the market. Thank you and a pleasant day to you.
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In this case, by asking for more power for the feds, he means "federal power" and probably his own SEC, which has the main responsibility for enforcing the federal securities laws, and maybe the CFTC as well.
Same to you and thanks for your comment.