DD Support Board and Research Team

[BullNBear52]

But whether there were regulations or not you can’t say it would have prevented the fraud that took place. Fraud happens with regulated securities every day.


With Cryptos you would almost have to regulate them like a bank. They'd have to maintain a reserve and you'd have to figure out a way to insure the deposits up to a certain limit. I don't think cryptos are a security or a commodity. They are more like financial instruments. Give it to Treasury and let them deal with it.

You can't blame Gensler imo because the SEC can't enforce regulations that don't exist which created a window for all the fraud. And Congress simply didn't care since a collapse of crypto had no effect on the economy. VC firms come and go.