Corporations generally avoid creating cryptocurrencies because of the immense regulation and legal work they would have to do. And because banking regulation and compliance is generally out of their wheelhouse. Facebook tried it with their fiat basket backed stable coin.
jqpabc123|3 years ago
However, the fact it isn't regulated doesn't mean they can't be sued in civil court for running a scam. This is what they are really afraid of --- see Kim Kardashian for an example.
This is why crypto bros tend to hide their identify (Satoshi) or re-locate outside the USA and go into hiding once the scam collapses (the guys from 3AC).
BOTTOM LINE: Selling electrons as money from your momma's basement is a shady business in more ways than one. Participate at your own risk.