The SEC's policing of crypto is a very thinly veiled show of force to keep people under the control of the government. There is no other reasonable explanation otherwise as to why they have such a manic obsession with making sure they maintain a 100% control over the value of our currency. They have a fear of the people becoming independent of the nanny state. If they were honest in that they want to regulate it so as to protect people from making bad investments, then why don't they go after people who make reckless purchases? Its clearly not that whatsoever.