Will The SEC Go After Cardano ADA?
What is the probability that the U.S. Securities and Exchange Commission (SEC) will pursue legal action against Cardano?
In a recent video the chairman of the U.S. Securities and Exchange Commission Gary Gensler said “if platforms and certain of the tokens don’t register with the SEC then they’re non-compliant with important federal protections in our laws”.
In another video Senator Warren said that cryptocurrency needs a ‘cop on the beat’ to ensure investor protection against pump-and-dump schemes and scams.
I ask the question “will the SEC go after Cardano ADA” because in doing my research it would appear that Cardano is not registered or regulated by the U.S. Security and Exchange Commission.
Moreover, it also appears that there might be a massive network of pump-and-dump scam artist working together to artificially inflate the price of ADA. Maybe these are social media influencers who are just trying to shill their own bag or whales attempting to manipulate the price. But what if someone affiliated with Cardano was orchestrating this?
I was looking for some input so as to determine if ADA is a low-risk or high-risk investment.