Hacker News Reader

How is this industry still an industry?

People love gambling. Get rich quick pitches have always been popular.

Now, as to why the SEC hasn’t regulated crypto out of existence.. I refer you to dementia Don

Joe had 4 years, Barack had 8. The office of the president doesn't seem motivated to regulate crypto

Regulation (laws) are handled by the Congress, not the Executive.

Congress has passed laws to delegate details to the executive departments. Congress lacks the expertise to do any kind of precision in regulation.

Yet they do it all the time. Constantly.