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Crypto Regulators Are About to Get Served: The Devastating Verdict From a Top SEC Insider

A  illustration depicting a judge's gavel with broken chains and shackles lying at its base amidst flames rising from an SEC building in the background, symbolizing the devastating verdict on crypto regulations.

When you’re trying to regulate a multi-billion-dollar industry that’s as volatile as a toddler with a sugar high, something inevitably goes wrong – and in this case, it sounds like the SEC is throwing spaghetti at crypto wall, hoping some of it sticks. Commissioner Mark Uyeda isn’t having it though.

Source: cointelegraph

The United States Securities and Exchange Commission’s approach to regulating crypto is a “disaster,” and the agency has “done nothing” to clarify rules, SEC Commissioner Mark Uyeda said. Uyeda said during an Oct. 10 Fox Business panel that SEC Chair Gary Gensler has been enforcing crypto policy without ever providing clear rules or guidance for crypto firms to follow.  “We have been sending this policy through enforcement, we’ve done nothing […]

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