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[Yugocean]

After the shameful defeat in the Ripple case, SEC has decided to hire crypto experts to fight crypto, but SEC is not able to find any candidates because SEC has put a condition on the interested candidates to give up their crypto so that any crypto lover should not be hired.

The problem with the SEC is that none of the crypto experts willing to work with the SEC are willing to give up their crypto.

 

[IB DD]

The Securities and Exchange Commission should just refrain from fighting crypto because it gets embarrassing with every loss they have suffered. There would not much all this their fight against crypto would do to destabilize the world of crypto.

 

[EBUBEJAH]

They already know they would loose the battle even before the battle starts, the painful truth is that you can't just fight crypto like that, that would definitely be a futile engagement, you can't fight what you don't know much about, so let them relax.

 

[IB DD]

The SEC feel usurped because they think that they should be directly regulating crypto and crypto exchanges should be submitting under their purview. All these attacks on crypto by SEC is not because the crypto industry is breaking any law. I see it as poweplay by the SEC.

 

[Wisdom01]

I think there was a news I saw of recent that sec is trying to stop the Bitcoin etf trading , I still wonder why they don't have that high interest regarding , I really wanted them to place more concern regarding crypto development

 

[Ptrikha90]

I think they should forego having a "fight".
Rather they can get more regulations and checks in place going forward.

 

[zeljko]

How they can know do you have crypto? At least not big amounts. Install Metamask, it don't require KYC, put it on special smartphone and hide that phone. Will they conduct home search and check every device?

 

[Jack / 47 F1]

the sec is just a bunch of bullies. they think because of their power, money & political connections, they can shut down who ever they want. i see this as more of a power play. or my d*ck is bigger than yours. by the sec. its also a strategy that big players do when they have a countless supply of money. they try to make the other people go broke with endless lawsuits. cryptos are here to stay, if sec or whoever likes it or not.

will there be scam cryptos now & in the future ¿?¿ of course there will be. will criminals & other people use cryptos for illegal purposes ¿?¿ of course they will. but illegal activities are only a small % of what cryptos are used for. do criminals use the us dollar, or the euro or the british pound for illegal activities ¿?¿ yes of course. or do criminals use legal shell companies for their illegal ventures ¿?¿ once again yes. but that doesnt mean all cash should be eliminated. its also scare mongering by governments, so people have a bad opinion of cryptos.

simple solucion - screw the governments.

 

[zeljko]

I guess they will find people. US is big country with different oppionios. But also there will be people who will work with crypto by side and still work in SEC.
Can non US citziens work there remote? Maybe I could apply.

 

[Ben Kempton]

The Securities and Exchange Commission should just refrain from fighting crypto because it gets embarrassing with every loss they have suffered. There would not much all this their fight against crypto would do to destabilize the world of crypto.

The governmental organisations have been trying hard to target the cryptocurrency markets. They want to make sure that they regulate and control the cryptocurrency market in many different manners, just like they do with the stock markets. However, we must understand that the stock market and cryptocurrency markets are different and they are based on different principles. Despite all this, the government has still managed to influence the cryptocurrency market to some extent.

 

[IB DD]

The governmental organisations have been trying hard to target the cryptocurrency markets. They want to make sure that they regulate and control the cryptocurrency market in many different manners, just like they do with the stock markets. However, we must understand that the stock market and cryptocurrency markets are different and they are based on different principles. Despite all this, the government has still managed to influence the cryptocurrency market to some extent.

The truth is that at some point, there would have to be some sort of regulation on the crypto sector if the government would ever allow it to be mainstream. My own suggestion is that governments across the world should sit down with major players in the crypto sector and iron out ways it could regulate, rather than making it look like a witch-hunt. The government would still lose if they use that approach.

 

[EBUBEJAH]

There's one saying I always like to quote, and it goes thus'" you can't control what you don't understand" they have been trying every means possible to stop Crypto, bit it is just way complicated beyond their imagination and understanding, so their plans keep failing, because Crypto is divine.

 

[GoldenLady]

Even though the SEC likes to fight crypto, they've accepted the spot Bitcoin ETF's. Everyone whose made money or enjoyed the tech that cryptocurrency provides will find it hard to go against it, especially with such an entity.

 

[Gamer01]

This is a very hard case and for it to happen they neeed to actually find a person who is never wishing to make a decent profit ever at all , i do not think so that any person who has ever made a decent profit from trading crypto or bitcoin will ever appear for this thing indeed .

 

[Gamer01]

The sec always plans to make such moves most of the times they have biased behaviours against the growth of the crypto market and therefore you can expect any sort of things from them that may be profesional or not but they do them

 

[Ptrikha90]

The governmental organisations have been trying hard to target the cryptocurrency markets. They want to make sure that they regulate and control the cryptocurrency market in many different manners, just like they do with the stock markets. ....

Some control and a basic taxation is important to keep illegal uses of Crypto at bay.
However, it is not a good practice when the Governments and central bankers try to limit and restrain Crypto out of the fear that it would be detrimental to the traditional banking system.
I believe that both can develop side by side.

 

[Wisdom01]

The sec always plans to make such moves most of the times they have biased behaviours against the growth of the crypto market and therefore you can expect any sort of things from them that may be profesional or not but they do them

I feel Securities and Exchange Commission (SEC) is responsible for regulating the securities industry and ensuring that investors are protected. While the SEC's actions can have an impact on the crypto market, their decisions are typically made based on legal and regulatory considerations.