The excessive intervention of the US Securities and Exchange Commission (SEC) in the cryptocurrency sector has caused retail investors to lose more than $15 billion. The SEC's enforcement-heavy regulatory regime is frequently criticized. John Deaton stated that investors lost $15 billion due to the "excessive intervention" of the SEC. Deaton emphasized that the SEC does not consider cryptocurrencies to be securities and should provide clarity on this issue. What do you think about this stance of the SEC? Share your views in the comments.