What is most disappointing to me that all this action by regulators does little to nothing to solve/stop real scams and crimes like money laundering in the space. Why do people like Coffezilla seem to be doing the real important part of their job.

I don't think I need to explain the current situation. But looking over all the action taken by all the regulators, it is very disappointing to me that almost none of it stops the real scams and criminals in the space.

Almost everything that was done revolves around securities laws. The reality of whether tokens are securities or not is really a by-the-way issue for the real criminality. I'm not saying a number of tokens aren't securities and that they shouldn't be regulated. It's rather the fact that of all the tokens specifically outlined as securities, you'd be hard-pressed to find proof of criminality in terms of scams or money laundering.

The real crimes of scams and what not in crypto are not solved and honestly it doesn't even seem like the SEC is interested in fixing them. It comes across like these tokens are being made into scapegoats. Securities may be an issue, but it shouldn't be the main issue as the SEC makes it out to be.