There is a YUGE problem!

The SEC is not about regulation, they are about finding out if their words will be believed so that they can bring more under their tent for regulation.

Basically, this destruction of people's finances was all about the SEC floating a balloon.
Then, after the balloon got pincushioned, shot out of the air, and burned to a crisp for good measure, do they say, ohhhh, well, i guess it is not a security.

This was all bureaucratic posturing.

Next comes the Infernal Revolting Syndicate to try and see how much they can tax.

We will have to drag the bureaucracies into giving us actual rules.
Maybe we can just ignore them til they fall apart?