The U.S. Securities and Exchange Commission (SEC) has come under criticism for its regulatory actions targeting reputable cryptocurrency platforms such as Kraken, Uniswap, Coinbase, Metamask, and Robinhood, while allegedly allowing a dubious entity, Unicoin (formerly known as 'Transparent Business Inc.'), to register despite promising unrealistic returns of 9,000,000%. Critics argue that the SEC's approach is creating distrust among investors and undermining its reputation as a fair regulator. The controversy highlights concerns about potential inconsistencies and corruption within the SEC as it navigates the complex cryptocurrency landscape, notably with Unicoin's advertisements on NYC cabs.
Amplifying this for awareness. The SEC continues to push back against Coinbase and contradict themselves at almost every juncture. It’s important to support Coinbase, Uniswap, Kraken, whoever is bullied by the SEC as all of our interests are aligned. Encourage Robinhood and other… https://t.co/NlfHmELE2p
What This is insane The actual obvious scam is registered with the SEC, and the actual start up is prosecuted? Can it be that it's not corruption ladies and gentlemen? @CampbellJAustin https://t.co/aSqVKz4dsk
The corruption of the SEC wrt Prometheum will be exposed in due time comes from the top Exhibit A: a coin called “Unicoin” with unicorn logo (couldn’t possibly be meant to confuse w another popular protocol?), promises 9M% returns, plastered on NYC cabs— 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 “transparent business inc”, is actually registered w the sec Can’t make this shit up 😂 https://t.co/KGMmL1mIUT https://t.co/wXRm2ukuDX
take a moment to think about how crazy this is going after the good guys, letting the bad guys scam people in the open the SEC under Gensler is a joke https://t.co/csQo7g8Zy0
The SEC targeting all of the good actors in crypto (- Kraken - Uniswap - Coinbase - Metamask - Robinhood) has turned a generation of investors against the regulator By trying to destroy an industry, nobody will ever trust them to be a good-faith actor