I’m just spitballing here. I can’t get past how Scientology thugged the government with a ton of lawsuits. I feel like there’s something that can be done. Petitions have been started and signed by thousands but Gary is still chair of the SEC and his top priority is obviously squashing the crypto industry.
I’m a retail investor. Not only do I not feel “protected,” by the SEC, I feel I’m under active assault by the SEC for my choice to use crypto. It’s becoming increasingly difficult to do anything in crypto and it’s costing me more and more fees because of the SECs neverending bullshit. I feel a need to fight here. I don’t think the shit is right. I feel the central banking industry has taken a rightful big hit by crypto. Predatory banks are not happy people have other options now.
I guess I’m looking for a lawyers input. As citizens, do we have some type of angle for suing the SEC? Cryptos status is still unclear, and the SEC has kinda just claimed authority. Since our options and ability to use crypto is becoming increasingly difficult and costly because of the SEC, do we have anything to go on? To be clear, I’m not looking to win any money or anything, I’m saying, if the filing fee is only a couple hundred bucks, could we draft some type of standard lawsuit that a ton of us could file? Im totally ok throwing away 1k to file a suit. I am not ok with what’s going on with crypto and I’m willing to contribute to the fight. If a bunch of us all filed suits, maybe there’s a number we can hit where the broader government realizes maybe letting Gary go unchecked has become a problem?
Again… it’s the Scientology thing I can’t shake. If you’re unfamiliar, read up on how the church of Scientology was granted tax exemption as a religious organization.
Just spitballing here guys, don’t be salty because I’m trying to figure out something WE can do as retail investors.
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