Seems like some people here got surprised into this manner which it isnt really something new for government on trying to trace up everything.They would like to know everything on what you do and what
are the things you've owned and all related stuff.

Reasons on why they do hate crypto generally because they cant able to trace up everything thats why it isnt surprising that they would do their best on making sorts of ways just to make something that can be
traced specially here on crypto.

This doesnt sound good yet we know on what are the companies will surely be targeted out but im bit sure that this would take for some time or would end up for them to fail.

if thats thier mission then i wont hesitate to support it  . i do hate ilegal activities because i was a victim before  .

 we guys dont need to worry as long we are doing legal transactions we will be fine . this is the same as government put chips and tracking device on our gadgets and the purpose is for our own good to . when we lost those gadget or it has been stole , we can easily hunt the suspect .

Everywhere it is for the reason of taxation. With the user data being provided, governments easily keep track of the transactions, and this ease the process. In specific, better than the traditional money taxation can be done effectively. The job defined for SEC is to have a processed plan, so that it'll ease the risk for people as well as benefit the governments. The reality is that we can't trust the government for several reasons.

Finally, the government decided to get involved further with many illegal activities in cryptocurrency. And through the SEC intend
to track crypto transactions, with today's increasingly rapid technological advances allowing the SEC to find tools to track crypto.
Since the SEC's job as a government agency is like the IRS to protect citizens, it's no wonder it's decided to track crypto.Although
this sounds bad for some of the crypto community, because they don't want the government to control blockchain and cryptocurrency
like the government controls the banks in the real world.

Of course technologies are changing, but in terms of cryptocurrencies, even if another cryptocurrency that is better than Bitcoin should be released, people will still be using Bitcoin because that is what they prefer, and Bitcoin is more easy to trace than others. When politicians and officials of such a regulatory authorities understand about bitcoins, then they might be approving bitcoin for ETF.


With my small knowledge on bitcoin and crypto space's core concepts, I believe only transactions are traceable and not the mapping of addresses to individuals/corporate. So, I'm not sure what kind of tool, those SEC people are actually looking for.

This is definitely not surprising.  The governments of the world are always going to try and control things that have nothing to do with them ( or monitor them ).  This is nothing, just wait until steve mnuchin secretary of treasury comes out with his crypto "guidelines".

Government agencies are interested in tracking everything under the sun lol. You said they are doing for them to be able to track bigger exchanges? If it’s for exchanges, some might say that there is no problem with that, but there’s still problem. When they start to tackle exchanges, that means the exchanges will give way for them to come in and be monitoring everything that we are all doing on the Blockchain. They might start first with exchanges as a way to take control. I don’t really know about decentralized exchanges and how it’s going to be.