Recently we are seeing many actions taking by the United States agencies and regulatory firms that are targeting crypto business with their securities laws and regulations, that somehow helps to protect customers for bad actors on the market but with continuous and abrupt actions could also hurt and destroy some legitimate business.
It's clear that many of this crypto business acting on the American soil started as small firms which somehow didn't get the right approach from the regulators and didn't filled all the necessary paperwork to have their crypto business running properly but also the regulations agencies didn't approached this companies to make them be in compliance with the law!
As Regulators firm it's they duty to make some inspections to business that are on the market to make them comply with the system and give them the necessary tools and documentation to stay up to date with them, doing this normal supervision they could make sure that many of this crypto business are legally operating in their soil and all the system is accordingly with the American law.
But isn't what happening, at least in my perspective, I strongly don't believe that a country with exhausted resources of work can wait 3 years to uncover that a firm is fake and operate illegal business also isn't in compliance with the securities and exchange commission rules.
I barely see this movement by the "uncle Sam" agencies as an trap and many business (cryptocurrency) will fall into, and more prominent figures on the space could have hard times caused by the law enforcement agency and the American regulations firm. The "big bang" of 2017 who opened the Initial Coin offering (ICO) where many crypto business projects made debuts and gained fundraiser to start their firm, today could be reason to be jailed because many of this business (legit and non legit) sold their tokens at that time, and any moment this same projects could be considered securities and englobed in the law by the "Yankee" Regulators.
Many projects who sold their assets in the Boom of ICO'S in 2017 surely aren't quite comfortable with the ongoing investigations by the law enforcement agencies in U.S and may consider to look for other appropriate places to run their business (where the law is more favorable to conduct the crypto business) or just wait to raid conducted by the law enforcement to put them in Jail.
No project is safe and who still think that because it's a big company today could fall in the grace of uncle Sam is wrong, they already jailed the BitMEX owners, John McAfee and they are just starting.
Who they will arrest tomorrow?!
Isn't time to look for places where the ecosystem is more favorable for crypto development?!
Let's just wait and see who is next to get approached by the government!
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Tanks