On the recordJune 3, 2024
It is rife with fraud, scams, and abuse.
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congress.govIt is rife with fraud, scams, and abuse.
Gensler emphasizes the fraudulent nature of the crypto market.
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I do share your concerns that this is a field that is rife with fraud and manipulation and scams.
I think that the Congress' wisdom was to have an agency to oversee disclosure-based markets where issuers are asking the public to buy and sell their securities.
If I can say, breaking the law and not liking the law are different than lack of clarity.
It seems it is like a chia pet. It looks like a good idea for a gift until you buy it.