If there's anything that makes me mad it's the shear waste of funds from the government of which they then continue to ask for more and more from it's people instead of trimming back expenses.
The SEC is once again battling the crypto markets after we thought it was almost over. This should also once again be a huge wake up call to everyone that is going to vote this year. In which this government and the people appointed are VERY anti crypto and even if they say they are not their actions to this day continue to say otherwise. If you want crypto to have a chance in the USA then Trump has to win because clearly the democrats want nothing to do with it and will continue to try and oppress it.
The SEC for the last four years has attacked crypto on all levels. Most likely crushing smaller businesses and startups that were legitimate but ended up getting shut down by aggressive actions of the SEC or simply being too confused by the rules and regulation that they didn't know the proper way to go about it.
From that point we then had major companies that fought back and without them honestly making a stand the SEC would have kept doing their illegal moves. But the courts found the SEC out of line and now pretty much all cryptos can't be touched by the SEC as they are not securities.
Things were quite for a little while and now we are back at it again. The SEC is now going after Opensea's for their NFTs now saying that they are securities. What will follow quickly is that every NFT marketplace is soon most likely about to get wells notices from the SEC as they once again over reach and try to make up random rules yet again. Let me remind you this is the same head of the SEC that the democrats put into office and want to keep into office.
OpenSea has said they are ready to go to battle and take the SEC to court and once again we are now in this cycle of where the SEC is doing nothing but killing off crypto in the USA and killing off small companies. It honestly outrages me and I hope it does others as well. The SEC does legit NOTHING to protect investors anymore and I'm not sure if they ever really did. But they seem totally out of line once again. I'd honestly hope that after they lose this court case that they end up dissolving the SEC that would be a dream come true for honestly everyone at this point.
This is once again causing artists, music creators etc to not sell or second guess how they should sell event tickets, art work, game assets and so forth because there is now once again this gray area by the SEC that leads to massive confusion if they are going to get fined and penalized for creating such things.
P.S I don't care what you say this guy looks like squidward lol