Brother, don't be angry. Although we all lost money and slept in bridge holes and sat on rooftops, "the cryptocurrency world is really a place to make a lot of money easily" is an objective fact for him. Who is he? He is the "shameless evil American captain" - Mr.SEC!
[The US SEC earned $14 billion in a crackdown on the cryptocurrency sector in 2022]... This title sounds like a joke, but it is a true story. The U.S. Securities and Exchange Commission (SEC) is an independent agency responsible for regulating the U.S. securities market. Its mission is to protect investors, maintain fair, orderly and efficient markets, and promote capital formation. However, it behaved like a greedy robber in 2022, launching a ruthless crackdown on the cryptocurrency sector and making huge profits from it.
14 billion US dollars, that is the monument you and I have forged with countless losses, regrets, hunger and cold... Under the 760 iron fists of the SEC, you and I finally chose to forgive and choose dedication.
Is it true that a bigger fist means a stronger fist? Of course not! The legality and rationality of these enforcement actions are questionable. First, there is no clear standard and norm for the definition of whether cryptocurrencies are securities, but the SEC arbitrarily regards them as securities and uses this as a basis for regulating and punishing cryptocurrency companies. Second, the SEC's lawsuits against cryptocurrency companies often lack sufficient evidence and arguments, but instead use an overbearing and intimidating manner to threaten and blackmail. Finally, the SEC's confiscation of assets from cryptocurrency companies often exceeds the reasonable scope and proportion, and is even suspected of abusing its power and infringing on private property rights.
These enforcement actions not only harm the interests of cryptocurrency companies and investors, but also damage the image and reputation of the United States as a free, open, innovative and competitive market economy. As a regulatory agency, the SEC should serve the market, protect investors and promote innovation, rather than making money, using crackdowns and power as a weapon. The SEC should respect the development trends and needs of the cryptocurrency field, communicate and cooperate with it, and formulate reasonable and transparent rules and standards, rather than stifling this emerging field full of vitality and potential for its own selfishness.
In short, it is a shocking and outrageous fact that the US SEC earned $14 billion from its crackdown on the cryptocurrency field in 2022. This not only exposes the SEC's dereliction of duty and misconduct as a regulatory agency, but also exposes the US government's hostility and fear of the cryptocurrency field.
However, it is really unacceptable that such a thing that is full of malice towards the cryptocurrency circle has "earned" a lot of money because of the cryptocurrency circle.