On: SEC Declares Memecoins Are Not Subject to Oversight

[rco8786]

Whether it serves a "useful" purpose or not has no bearing on its legitimacy. It's used to transfer massive amounts of currency between anonymous accounts. It's exactly the sort of thing that needs to be regulated.

[MacsHeadroom → rco8786]

It's used to transfer currency between accounts on fundamentally transparent ledgers. Barely any crypto involves anonymous anything.

[rco8786 → MacsHeadroom]

The account owners are anonymous on those ledgers...