The Chaotic State of Crypto Regulations and Politics.

The Securities and Exchange Commission's (SEC) regulation of cryptocurrency is an uneven mess, with digital-coin exchanges getting approved to go public, only to be sanctioned later for selling crypto the agency doesn't like. The SEC's regulatory agenda is dangerous, and the agency has been looking like a band of keystone cops. The case of Prometheum, a privately-owned company, has raised concerns about its ties to China and the SEC's willingness to allow entities with links to the Chinese Communist Party to operate in the US. While SEC Chair Gary Gensler likes Prometheum, crypto types are skeptical about the company's platform, which will trade only SEC-sanctioned digital assets.