The SEC Are At Fault For U.S. Crypto Regulations Mess - Fines? For What? Idiocracy! - Yes I bloody darn well said it... someone has to call this out, as what it is. Gary 'The Bear' Gensler is a lunatic that needs sanctioning in my opinion - A few thoughts on The U.S. Securities and Exchange Commission... The SEC!
And without any delay my dear comrades, today we're going to talk about the jester's court that is as mentioned... The SEC and the utter mess they've made with their lack of management able to llace any form of fair regulations on cryptocurrency. It seems either the big chief Gary Gengsler and Co are more confused than a chameleon in a bag of Skittles - Or purposefully... and we can all throw many reasons... Purposefully screwing s.h.i.t. up!
Let's start with the recent fines imposed on BINANCE and Coinbase. The SEC, in all their wisdom, decided to fine Binance a whopping $80 million for not registering as a security exchange. And COINBASE got hit with a $6.5 million fine for failing to comply with regulations surrounding the listing of digital assets... Are these two companies dumb as the proverbial... Or is it the more factual: Fault of The SEC and guidelines that you need to dive down to the wreck of the RMS Olympic (Titanic) and gather the documents first before indulging in... Stupid...
Our 'You might be thinking' moment... "Well, exploitation says, these fines seem reasonable. After all, we need to scrupulously intimidate and unjustly regulate the crypto market, right?" Wrong, my friends, wrong! The SEC is so far up its own arsenine - that it can't even set out clear guidelines for how companies should comply with their regulations... It is an absolute fact, so why should crypto even bother listen to the audacious management soft, financial puppets at The SEC? Idiocracy is at its finest at The SEC - Yes you heard me you total incompetent set of buffoons Mr. Gary Gengsler!
It's like trying to play a game of Jenga with spaghetti noodles instead of blocks... It seems in the crypto business you have no idea what's going on, and it's a colossal mess. The SEC needs to stop acting like they're some sort of all-knowing Oz and come up with clear and concise guidelines for the crypto industry to follow. It's not rocket science now is it people? The SEC?
We should be asking... How can a 'Regulatory Body' get away with dishing out any fines legally via such screwy guidelines? How can The SEC even get on its soapbox when its own house is upside down, and with all the document's written in gibberish? Nuts... It just plain makes no sense!
And let's not forget about the U.S. version of Central Bank Digital Currency. What a joke! It's like they took all the worst aspects of socialism and combined them into one big pile of crap. The government can track your every move, like some sort of creepy stalker, and take your money at will. Talk about a violation of personal freedom!
It's absurd that they would turn on crypto, an industry that has the potential to provide an option for financial freedom and dignity to people all over the world. And for what? So they can continue to push their fascist, freedom-sapping agenda? It's outrageous... They must be from Pluto!
But let's not forget there could be a silver lining in all of this... The SEC's incompetence is giving us plenty of opportunities for some good old-fashioned SEC jokes. For instance, did you hear the one about the SEC regulator who walked into a bar? They promptly fined the bar for serving drinks without the proper regulatory approvals, of course!
And then there's the one about the SEC and the chicken cross the road. The SEC fined the chicken for not having the proper securities documentation, naturally...
All jokes aside, my dear comrades, the SEC is a mess, and they need to get their act together. This ridiculous fine system they have in place is doing more harm than good, and it's time for them to step up and lay out clear guidelines for the crypto industry to follow.
Again it is all Idiocracy at its finest... We have a bunch of bureaucrats sitting in their ivory towers, acting like they know everything about the crypto industry and imposing fines left and right. It's time for them to get off their high horse and start listening to the people who actually know what's going on. If they don't, they'll end up causing more harm than good, and that's no laughing matter.
So, my comrades, stay vigilant and keep fighting for the freedom and decentralization that crypto provides. And remember, The SEC's incompetence may be amusing at times, but at the end of the day, it's your hard-earned money on the line. Cheers, my lnterwebz Crypto Fringe Fraternity!
