The problem with crypto was that non-crypto people got into it. It's all fun and games when you use crypto to pay for things like a currency but the second people start hodling because they speculate its value will increase it becomes a security.
While true it would be best if the SEC enforced rules the second they were broken, when have you seen a government agency act fast? It took a literal collapse of FTX for the SEC to get involved.
The problem with crypto was that non-crypto people got into it. It's all fun and games when you use crypto to pay for things like a currency but the second people start hodling because they speculate its value will increase it becomes a security.
While true it would be best if the SEC enforced rules the second they were broken, when have you seen a government agency act fast? It took a literal collapse of FTX for the SEC to get involved.