The article highlights the frustration of Miles Deutscher over the struggles in the cryptocurrency market, noting that negative events overshadow the industry's progress despite the potential of blockchain in various sectors. The market is facing skepticism due to recent debacles and the exploitation of the sector by politicians, celebrities, and scammers. The SEC has taken action against Jump Crypto Holdings and Tai Mo Shan for manipulative trading and violating securities laws related to UST and LUNA tokens. The SEC emphasized the importance of compliance with securities laws to prevent fraud and protect investors. The collapse of Terra in May 2022 disrupted the cryptocurrency ecosystem, causing severe devaluations and operational hurdles for cryptocurrency companies. This further damaged investor trust and affected digital asset lenders and trading platforms. Without proper regulations, these issues will continue to affect market confidence and altcoin performance.



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