SEC's Crypto Regulation 'Playing Catch-Up'; Congressional Action Likely, Says Ex-Attorney

IconCryptoNewsTerminal Staff29 May, 2024

cryptonews.jpg

SEC's Crypto Regulation 'Playing Catch-Up'; Congressional Action Likely, Says Ex-Attorney

Marc Fagel, a former attorney for the U.S. Securities and Exchange Commission (SEC), recently stated that the SEC's approach to regulating crypto has been reactive due to its bureaucratic structure and slow decision-making. Fagel highlighted the ongoing conflicts between the SEC and crypto exchanges, suggesting that congressional intervention is necessary to provide clearer regulatory guidance. Until Congress acts, Fagel anticipates the SEC will continue its enforcement-heavy approach towards regulating crypto assets.

Related News