The SEC’s Reckless Crusade To Crush The Cryptocurrency Market
by Tyler Durden
Wednesday, Sep 28, 2022 – 08:20 PM
Authored by Gerard Scimeca via RealClearMarkets.com
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The outcome of the SEC case against Ripple is critical in not just establishing a fair and just baseline for the protection of crypto investors, but as a test case in setting boundaries to stop overreach by federal agencies seeking to advance their power at the expense of efficiency. Crypto is popular and growing precisely because of its efficiency, flexibility, and vast utility in financial markets, benefits that can easily be quashed through intrusive and heavy-handed regulation. The ultimate arbiter of these issues is Congress, who must act, and soon, to help establish a clear framework to regulate crypto, and to limit the SEC’s power to occupy spaces where it simply does not belong.
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Sorry, but all the Gooferment ever does is impede progress.
Is an “unregulated” market “dangerous”?
No, let the buyer beware and let the “invisible hand” of the free market quickly and efficiently discipline bad actors.
No bureaucrats required.