Over the last year or two we have seen a very aggressive SEC go after crypto. From the outside looking in it seems like it would just be random attacks but when you start to really look at things it's pretty clear the the SEC is most likely getting pushed to take on these things to try and slow down the adoption of crypto while the USA government tries to get their shit in order.
This is mainly because the USD is in some serious competition now. What was first crypto how expanded into BRICS and now an even higher push into crypto once again. Showing that the USA government and Fed system are grabbing on to straws and tugging as hard as possible to try and slow this thing down as much as possible.
CEX vs DEX
What we have seen is a major push in the last year to crunch down on CEX platforms which caused many of them to leave the USA and mainly focus down to a select few such as Coinbase being one of the mains. Which as much as people want to trash on Coinbase it feels like they are at least somewhat interested in crypto adoption to the masses without government overstepping where they shouldn't be and that's a very good thing. You also saw this with blackrock and that clearly money talks over anything else.
Once many of these CEX got shut down or are currently in court battles we are seeing random things happen with DEX and DeFi platforms. The biggest being Uniswap in which the SEC just issued a wells notice to.
What is a wells notice?
"A Wells notice is a letter that the U.S. Securities and Exchange Commission sends to people or firms at the conclusion of an SEC investigation that states the SEC is planning to bring an enforcement action against them."
The SEC has been getting slapped back in the face time and time again as the court system federal judge ruled "gross abuse of power" and we have even seen this from the house. But that's the job of the SEC and Gary. He has orders from the white house to slow this thing down as much as possible. So even though we pretty much all know that these actions are being acted on without any laws to back it up they are doing it because it simply slows down cryptos growth and starts to build doubt at least for the short term in crypto.
What Is Next
It's unclear as to what the wells notice is for but most likely it will simply come down to the SEC once again saying they are using unregistered securities or that they don't meet the legal definition of a securities exchange or broker.
It's unclear on where this will go but you see the thing about the SEC is they use your tax money to so called "protect" investors even though shit like insider trading happens none stop in the senate which for whatever reason never comes under regulation or looked at by the SEC even though everyone is sick in tired of it as citizens.
I found a stats chart the other day which was interesting and took a poll as to if you felt the USA government was acting in your best interest as a citizen.
yes, just 16% of people trust the USA government. and you'll see how quickly that was eroded in the early 2000's when people started to get more information due to the internet and realized what flat out lies the government continues to tell it's people here in the USA. So when you compare it to other countries like Russia you kind of need to do a self check and realize that our president and our government as a whole do the same BS crap as Russia if not to an even larger extent.
Thus this goes back to the SEC and why people are just sick and tired of the SEC as well and then it's only trashing more and more trust by it's people. The government and the bodies within it are doing NOTHING to regain that trust and only to continue to destroy it.