The Sec and CFTC is not trying to destroy crypto.

It may seem like a coordinated attack, but in a bear market when a lot of the systemic risk has unwound is the best time to bring enforcement. Imagine if they did this at the top of the bubble or when exchanges were imploding. Many of you would have suffered even more losses. At least this way, they let you lose all your money on your own. Despite all the announced enforcement, prices are still off their lows, which means the timing was actually good. Yes, regulatory clarity is needed, but let's face it. There are criminals in charge of some of these exchanges that are holding people's money.