SEC's Crypto Regulations Draw Criticism from Rep. French Hill: 'Enforcement-by-litigation Strategy' Causes Confusion
CryptoNewsTerminal Staff18 Sep, 2024
SEC's Crypto Regulations Draw Criticism from Rep. French Hill: 'Enforcement-by-litigation Strategy' Causes Confusion
During a Securities and Exchange Commission (SEC) hearing, US House Rep. French Hill (R-Ark.) expressed his concerns about the SEC's approach to crypto regulation, arguing that it is causing confusion and uncertainty in the market. Rep. Hill criticized the SEC's "enforcement-by-litigation" strategy, stating that it is stifling innovation and adoption of compliant technologies. The congressman emphasized the need for clearer regulations, allowing businesses to operate with confidence while protecting consumers.
