The SEC just can't contain itself can it...

While the SEC isn't technically a government organization, it's clearly a government organization.

The Biden administration decided after FTX blew up that crypto brought more problems than benefits and told the SEC to get the industry under control.

The SEC likely said we don't have jurisdiction, to which the white house likely said, do it anyways.

That leads us to today where the SEC (somehow) thinks they can sue a company that doesn't do business within the US or do business with US based users.

It's clearly out of the jurisdiction of the SEC, but the SEC no longer cares about that.

They somehow think they are the world's police.

Why are we as a nation and world allowing this to happen?

It's time we force these out of control regulators to follow the rule of law.

The SEC doesn't make the laws, they are to enforce laws that are mandated to them.