Since the SEC says "criminals can use crypto", point out to them to Jack Dorsey has a big criminal userbase on his Cash app that uses US dollars.

I don't like Coinbase, but I have to admit, how the SEC treats them compared to real criminals using USD in markets that fall under their jurisdiction is wildly unfair. It's asinine at best.

You may or may not have heard the recent news, but as of Thursday Match 23, in the year two-thousand, and twenty-tres. Jack Dorsey lost over 500,000,000 net worth as his Block shares are tumbling after a new revelation popped up to block investers that his beloved cash app has a pretty big criminal user base.

Thanks to hinderburg Research pointing this out as to one big reason why they have been so successful, and why investors are backing out.

Our 2-year investigation has concluded that Block has systematically taken advantage of the demographics it claims to be helping. The “magic” behind Block’s business has not been disruptive innovation, but rather the company’s willingness to facilitate fraud against consumers and the government, avoid regulation, dress up predatory loans and fees as revolutionary technology, and mislead investors with inflated metrics".

Yeah, turns out they are using crypto. Sorry, I mean US dollars to conduct criminal activity for YEARS without being looked at by the SEC. Yes, block investment which owns cash app falls under the jurisdiction of SEC. But we don't hear them talking about more regulation to prevent this. All we hear about is crypto crypto crypto.

SEC: what's this, you are being honest to non criminal customers, and awarding them for staking crypto? We can't have that. That's bad

Also SEC: FTX is fine

Also SEC: why look into why block is successful?

FK the SEC, and Fck Jack Dorsey.