By refusing to take appropriate measures and work with other federal agencies to shut down the cryptocurrency industry, the Securities & Exchange Commission (SEC) has helped this criminal industry become more mainstream. Therefore, the SEC has been partly responsible for the most blatant cryptocurrency scams that continue to this day.
First and foremost, the SEC needs to be reminded that cryptocurrencies are in fact nothing more than digital scams hiding under the guise of "innovative technology."
Let’s not forget that the so-called "innovative technology" linked to cryptocurrencies refers only to blockchain technology. Cryptocurrencies utilize blockchain technology, but there's no real innovation from bitcoin or any other cryptocurrencies.
The only innovation that has come from cryptocurrencies are new ways to defraud people.
Although blockchain technology is commonly associated with bitcoin, the technology has been around for many years prior to its use in bitcoin. Therefore, blockchain technology is not the result of bitcoin.
And I could argue that blockchain technology not particularly innovative.
The next point I want to make is that these digital scams otherwise known as cryptocurrencies are being promoted and endorsed by a wide range of charlatans outside of the financial industry, as well as parasites from within the industry.
Cryptocurrency industry allows the financial professionals to defraud investors.
Financial industry parasites continue to promote cryptocurrencies as legitimate investments because they are seeking to defraud even more naïve individuals who have fallen for an endless barrage of lies and false claims pumped out by various sources, most of which stand to benefit from increased acceptance of these digital scams.
The question is, where have securities regulators been?
In my opinion, all cryptocurrencies resemble Ponzi schemes, some more than others. No matter how you choose to compare one cryptocurrency to any other, all cryptocurrencies are in fact scams.
The cryptocurrency industry is being propped up by a massive propaganda campaign funded by tens of billions of dollars and fueled by fake news, false and misleading claims, and blatant lies from an army of dishonest financial professionals, internet marketing scam artists, professional charlatans, celebrities, influencers, and crackpots, all of which stand to profit from these activities.
And we cannot forget the role of the media industry, which serves as a platform for various cryptocurrency shills to pitch the latest cryptocurrency scam. At the end of the day, the media has played a huge role in promoting the cryptocurrency industry and should therefore be held accountable, from print and broadcast to internet and social media.
It stands to reason that anyone and/or any entity that receives any
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