Why does the SEC hate crypto?

I've often heard the question, "Why does the SEC hate crypto?" It's a complex issue, but let's delve into it. Is it simply because cryptocurrencies are decentralized and operate outside traditional financial systems? Or could it be that the SEC sees potential risks to investors, such as fraud, market manipulation, and money laundering? Perhaps the SEC is concerned about the lack of regulation surrounding cryptocurrencies, and the potential for scams and unscrupulous actors to take advantage of unsuspecting investors. Or maybe they're wary of the potential impact on financial stability if cryptocurrencies were to become widely adopted. But it's important to note that the SEC isn't solely focused on criticizing or regulating cryptocurrencies. They're also working to understand this emerging market and ensure that investors are protected. So, when asking "Why does the SEC hate crypto?", it's important to consider the full context and their overall mission to protect investors and maintain financial stability.