"The SEC wants to manage our crypto rocket at the speed of a vintage car? This wave of 'turtle-speed rule-making' might just catch up to the transition between bull and bear markets!"

The chair of the U.S. Securities and Exchange Commission (SEC) just announced that they will be developing rules for cryptocurrencies using a process called 'Notice and Comment.' What does that mean? Simply put: first, a draft is released - then it’s thrown out for public feedback (comments) - a pile of opinions is collected - then it’s revised slowly - and finally, a decision is made. This process is an old trick in the traditional financial world.

Just thinking about it makes my head spin! It’s like this:

Next door, the traditional financial sector is driving a vintage car, while the SEC is enforcing traffic rules designed for vintage cars, now trying to apply them to our crypto rocket!

The crypto market changes daily, with hot topics shifting faster than flipping a book. By the time the SEC's 'draft-discussion-revision-finalization' process is complete, the opportunity may have passed! Last time they took years to figure out some rules; we might have already gone through a whole crypto bull market while they are still in the 'collecting opinions' phase! Just thinking about it raises my blood pressure! Isn’t this like using an abacus to calculate blockchain? The inefficiency is laughable and frustrating!

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