as the United States Securities and Exchange Commission does everything in its power to eradicate the current cryptocurrency system in the United States and replace it with one it deems more “fair” to the American public., cryptocurrency, or digital currency, has taken the world by storm and caught the attention of millions of investors who have an interest in digitizing their assets.
Digital currency corporations do not abide by these same regulations, wherein lies the central problem. There is no valid reason or argument for these corporations to be exempt from compliance with such laws, other than the ease it provides to crypto platforms when it comes to reinvesting money. This is to the severe detriment of the investing public, and from the viewpoint of the SEC, needs to be eradicated.
The New York Stock Exchange would also not be permitted to run a hedge fund since it would be, technically, trading against the general public who has invested in the stock market. People’s investments in the stock market would become inaccessible to them since a hedge fund is capitalizing on high-risk investments with high-return profits above the funding capabilities of the general public.
The SEC's push for compliance shakes the foundation of the crypto world. Misuse of funds and lack of regulations raise concerns, while innovation and freedom of investment clash with legal authority.