A Quarter of SEC Employees Stock Invested in Firms Lobbying SEC
More than 25% of the employees at the Securities and Exchanges Commission (SEC) have invested in stocks of firms that were lobbying their agency.
“More than five dozen officials at five agencies, including the Federal Trade Commission and the Justice Department, reported trading stock in companies shortly before their departments announced enforcement actions, such as charges and settlements, against those companies.”
But the US Treasury is by far the worst.
This investigation, which compiled 12,000 financial disclosures that are mostly offline, also found that close to half of all officials at the Treasury are invested in companies lobbying them.
As for cryptos:
A leaked email last year revealed that SEC has no rules against holding bitcoin, eth or XRP, or against trading the cryptos.
One of the axioms in Political Ponerology is that you know you live in a pathocracy - a psychopathic state - when every agency set up to "protect" the public does the opposite of what it was established to do. Every agency has now been captured.
Have you noticed?
And these are the vermin who seek to regulate crypto to protect the plebs.