Why the SEC is terrified of cryptocurrency

Josie Wales

Source: Foundation for Economic Education
by Josie Wales

“The federal government is no match for innovation. This is something lawmakers have always known, and it is the reason state and federal regulations exist. But innovation, by its very nature, will always find a way around those regulations, resulting in the implementation of more regulations for creative minds to learn to evade — which they will. This results in the over-regulation we see in America today. Nothing scares the government more than something it can’t control, and the Securities and Exchange Commission (SEC) revealed this week that it is terrified of cryptocurrencies — as well it should be.” (08/01/17)

https://fee.org/articles/why-the-sec-is-terrified-of-cryptocurrency/