Members of the SEC should be banned from buying or selling cryptocurrency until a complete law on it is established.

I’m getting really tired of these privileged unelected officials buying and selling cryptocurrency while at the same time knowing that any word, murmur, or “new idea” coming out of their mouths can produce a cascading effect of FUD or hype at the drop of a dime.

To all of this, struggling people who might have or having the opportunity to make a little extra cash to help them out through difficult times have to sit back and watch as their cryptos tank single or double drops every time.

Furthermore, we all know these people in this ruling cult we call “SEC” are clearly not struggling individuals. They drive luxury cars, receive kickbacks, and earn 6 to 7 digit incomes through their salaries, investments , or whatever other side business they are engaged in combined. They are happy and enabled to so to, practice the precepts of maneuvering around their regulations at will when it comes to trading crypto.

All they have to do is buy Bitcoin, then make an announcement that there is no further ruling on crypto for the next year, and watch their coins jump 10%. Then they can sell , and make a fud announcement tanking it 20% where they buy up for cheap. Rinse and repeat. Not saying they do that exactly but in light of this…

They should be banned from buying or selling until a full rule of law on crypto is established.