U.S. Crypto Regulation by Enforcement

The SEC's crypto regulation by enforcement strategy ranks as the 10th worst regulation due to its profoundly counterproductive effects. Over 40% of U.S. crypto startups have relocated to Singapore, Dubai, or the EU since 2021, lured by clearer rulebooks that protect consumers better than America's lawsuit-driven approach. Concrete data reveals the SEC filed 83 enforcement actions without issuing a single comprehensive crypto rule, a futile approach that cost U.S. investors over $2 billion in lost domestic trading opportunities.