Indeed. They get blinded by the idea of earning a huge amount of money in a short period of time which is totally too good to be true. They easily get swayed by what they see on social media as if everything is real. Even if someone will warn them about investment schemes, they won't learn until they get scammed.
Blind because most of them want to get money quickly without having to work hard. They really want to get rich quick, which is why they will be very easily influenced by various Ponzi schemes both directly and on social media. SEC is just doing it right. But it would be better if they will also be active warning people in popular social media platforms because that's where usually people get victimized. Cause personally, I don't think it's enough to reach to other people about this warning.
Of course, everyone must be selective in determining good and profitable investment. I also hope that effort will be made to prevent fraud under the guise of cryto investments classified as ponzi schemes in various media. Social media is the most potential place for scammers to get their victim, so changing the mindset and perception of these people to be more selective is a must. 
