the stupidest part of this is that the sec has had ripple tied up in a bullshyt lawsuit for years now...meanwhile gensler is taking meetings with sbf as he's pulling off this fukkery behind the scene.
they (or congress, or the cftc, SOMEONE) needs to get their shyt together and come up with some clear regulation for crypto. it's ridiculous that the us is dragging their feet on this.
a lot of crypto and its blatantly retarded lil bro nft, have mostly been about avoiding regulations and printing money off thin air as opposed to value-based practical implications. for 99% of use cases all the positives of crypto payments can be done with 2-3 major crypto currencies
most of them are ponzi schemes and all about pumping its own value as much as possible either for selling off or perceived value. its a wild wild west. to me its simple, if it applies to stocks, it should apply to all crypto as well.
and hell, some mechanism that could prevent overvaluation of regular securities altogether could ALSO use a fukking pass... or a hundred
all stock market crashes are due to dumb overvaluation in which people print money from thin air, and the regular folk are the ones who get fukked