US Crypto Industry Roundtable Dominated by Criticism of SEC

IconCryptoNewsTerminal Staff10 Jul, 2024

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US Crypto Industry Roundtable Dominated by Criticism of SEC

Fox Business reporter Eleanor Terrett revealed via Twitter that "Mark Cuban and others have given me an account of a recent crypto roundtable that was held in the US. A lot of it was very critical of the SEC. Some of it was even saying that Biden should fire SEC Chair Gary Gensler." The SEC has been criticized by the crypto industry for its heavy-handed approach to regulation. The agency has taken enforcement actions against several crypto companies, including Ripple Labs and Coinbase. The SEC has also proposed new regulations that would impose stricter requirements on crypto exchanges and other crypto businesses. The crypto industry argues that the SEC's actions are stifling innovation and preventing the growth of the crypto market. The industry is calling on the SEC to adopt a more balanced approach to regulation that would encourage innovation while protecting investors.

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