2min chapter

Crypto Critics' Corner cover image

Binance, Coinbase, and the SEC (Featuring Mike Burgersburg of Dirty Bubble Media)

Crypto Critics' Corner

CHAPTER

The CFTC and the SEC: Why Aren't They Doing Anything About It?

The CFTC is distinct from the SEC and many other financial regulators in that it does not have any self-funding mechanism. Any money they make from fines and stuff go straight back to the general treasury, so like putting things in the hand of the CFTC if you think you're going to be able to gain political powers gives you a way to potentially defund the CFTC. This leads me to another devil's advocate question in regard to the SEC and what they did with Binance and Coinbase right and this idea that they mentioned I don't know how many it was was it 13, 18 something like that different tokens specifically as securities. Why aren't they going after those tokens as opposed to

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