The reason regulators have waited years, despite the facts of the matter being legally obvious, is not wanting to be blamed for blowing up the whole ponzi house-of-cards. They've waited until enough such houses blew up on their own, that they feel "the facts have been demonstrated".
If you want to know why they didnt "blow up crypto", "five years ago", its because of you -- and this attitude.
Without it, vast swathes of online grifts that have ruined peoeple's lives wouldve been blown out the water by now.
The reason regulators have waited years, despite the facts of the matter being legally obvious, is not wanting to be blamed for blowing up the whole ponzi house-of-cards. They've waited until enough such houses blew up on their own, that they feel "the facts have been demonstrated".
If you want to know why they didnt "blow up crypto", "five years ago", its because of you -- and this attitude.
Without it, vast swathes of online grifts that have ruined peoeple's lives wouldve been blown out the water by now.