Recent comments from various figures highlight concerns regarding the legitimacy and effectiveness of the U.S. Securities and Exchange Commission (SEC) following its repeated legal losses in federal court. Critics argue that these failures undermine the SEC's role as a law enforcement agency, with specific references to the agency's handling of cryptocurrency regulations. It is suggested that the SEC's actions have prevented U.S. citizens from accessing tens of billions of dollars in potential crypto gains through airdrops and other means. The SEC's perceived political capture and its impact on its authority have also been pointed out, raising questions about its competence in regulating financial markets effectively.