As happened with derivatives in driving the 2008 financial crash, the rewards being showered on the crypto industry by the Trump administration apparently in return for its support in the last election is going to cause a financial crash and hurt millions of innocent Main Street Americans.

These actions undermine the #SEC’s important role in the U.S. capital markets and will embolden lawbreakers while eroding the trust and confidence of investors.

The #SEC used to enforce the law without fear or favor but is now favoring the crypto industry and fearing billionaire crypto kingpins who are publicly belittling the agency.