Why is the SEC still allowing crypto to run wild?  ...Middle East

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Why is the SEC still allowing crypto to run wild? 
The prosecutions of Sam Bankman Fried (FTX) and Changpeng Zhao (Binance) stand in stark contrast to the SEC’s approvals last week of the issuance of Bitcoin Spot ETFs. As the government is sending crypto kingpins to jail, it is also sprinkling cryptocurrencies with a veneer of government approval.   Securities and Exchange Commission Chaiman Gary Gensler says he was caught between the limits of his agency’s authority and a U.S. Court of Appeals decision that ordered the agency to better explain itself when rejecting applications. Gensler warns that the Spot ETF approvals do not signal the commission’s willingness to approve or clarify the issues surrounding other crypto assets.   Ho

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