The U.S. Securities and Exchange Commission (SEC) has been criticized for its regulatory approach towards cryptocurrency companies. Notable crypto platforms like Coinbase, Robinhood, Kraken, and Uniswap have been targeted by the SEC, while a dubious entity named Unicoin, formerly known as Transparent Business Inc and featuring a unicorn logo, promising unrealistic returns of 9,000,000% and advertised on NYC cabs, has been allowed to register. This situation has sparked allegations of corruption and selective enforcement within the SEC, raising concerns about the fairness and integrity of its regulatory actions.
The corruption of the SEC wrt Prometheum will be exposed in due time comes from the top Exhibit A: a coin called âUnicoinâ with unicorn logo (couldnât possibly be meant to confuse w another popular protocol?), promises 9M% returns, plastered on NYC cabsâ registered w SEC? ??? https://t.co/tGwavG1BOb
The SEC let Unicoin, a total scam promising 9,000,000%+ returns, register with them. Meanwhile they are going after real companies like Uniswap, Robinhood and countless others. You can't make this shit up. The corruption of the SEC knows no bounds. https://t.co/wOew9GG2CR
Unicoin inc, formally known as âtransparent business incâ, is actually registered w the sec Canât make this shit up đ https://t.co/KGMmL1mIUT https://t.co/wXRm2ukuDX
This caricature of a post is the precise problem with the current political discourse around crypto. I've repeatedly posted about the core issues around process, rule of law, and federal agencies not doing things like literally committing perjury to bankrupt innocent people and⊠https://t.co/y6YSCAHywX
The SEC going after the most legit crypto companies like @coinbase, @RobinhoodApp, @krakenfx, and @Uniswap is regulatory anarcho-tyranny: the worst actors are allowed to run wild, but the law-abiding are persecuted. Like your broken-into car in SF getting a parking ticket.