The Government Is Coming for Crypto And Your Coins

Published by
The Street

By Luc Olinga The Security and Exchange Commission (SEC) has launched a major offensive to regulate the cryptocurrency industry. In the language of the cryptocurrency industry players, the new offensive of U.S. regulators can be summed up in one word: crackdown. The U.S. Securities and Exchange Commission seems determined to impose order with an iron fist on the sector, after years of a laissez-faire approach which has led to fiascos and resounding financial scandals, such as the overnight bankruptcy of the empire of the king of crypto Sam Bankman-Fried. His empire consisted of the FTC cryptoc…

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