But aren't there people out there who actually want the SEC's protection? Offering protection to people who don't want it is a creative use of language.
IMO the discourse around crypto is typically poor because it's a shallow proxy to politics/philosophy/economics. But instead of having a meaningful discussion about any one of those topics we get this.
Let's agree crypto is an unregulated digital casino. Why do people care so passionately about code enforcement when it comes to securities? I could possibly see the moral hazard of gambling addiction but given the state of gambling commercials that ship has sailed.
It goes along the same vein as the SEC protecting non-accredited investors from fraud and risk. I appreciate what the SEC does but there's no way to opt-out of being protected? There's no waiver that can be signed to say "I'm totally going to lose my money and that's okay"? Losing money gambling on sports is good. Losing money gambling on private equity will not be tolerated in a civilized society.
Maybe two people can look at the same fence and feel opposite about it. What makes me feel caged could make someone else feel safe
IMO the discourse around crypto is typically poor because it's a shallow proxy to politics/philosophy/economics. But instead of having a meaningful discussion about any one of those topics we get this.
Let's agree crypto is an unregulated digital casino. Why do people care so passionately about code enforcement when it comes to securities? I could possibly see the moral hazard of gambling addiction but given the state of gambling commercials that ship has sailed.
It goes along the same vein as the SEC protecting non-accredited investors from fraud and risk. I appreciate what the SEC does but there's no way to opt-out of being protected? There's no waiver that can be signed to say "I'm totally going to lose my money and that's okay"? Losing money gambling on sports is good. Losing money gambling on private equity will not be tolerated in a civilized society.
Maybe two people can look at the same fence and feel opposite about it. What makes me feel caged could make someone else feel safe