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"Unfortunately," it adds "the SEC’s refusal to productively engage with us is just another example of the Commission’s misguided and conscious refusal to provide much-needed clarity and guidance to the digital asset industry".

This is a bullshi* statement. All of the players in the Bitcoin industry had many opportuntities to put the same controls inplace as banks have to to be compliant. Now they are crying because their Ponzi scheme is comming unraveled. 

To little to late, but to early. Bitcoin fad is over, CBDC is in early stage development that requires new ISO standards for cross border transactions.

It would intresting to learn how the fraudesters are taking advantage of vulernabilites in contactless machines.