By Tony Owusu The SEC may be using too much paperwork when it opens investigations into crypto traders. So far, 2022 has been the year of crypto regulation. Money poured into cryptocurrency at the outset of the coronavirus pandemic in 2020 and continued for the next two years. The cryptocurrency market cap passed $3 trillion in 2021 for the first time, up from $14 billion five years ago, as bitcoin and ether reached record highs. And while the top digital coins have lost some of their luster in the ensuing months, cryptos have made their mark over the past two years and look to have staying po…