Președintele SEC face mizerie inutilă cu cripto?

The U.S SEC recently launched investigations over digital assets companies have raised questions over its approach towards the industry. Experts suggest that the Commission’s Chair has too much on his plate to be messing with the market.

SEC has too much on its plate?

John Deaton, founder of CryptoLaw and lawyer of XRP holders in Proces SEC Vs Ripple has penned an op-ed over Watchdog’s overreach. He mentioned that as the crypto industry is evolving many first time investors are jumping into the space. However, he suggested that the crash in SPACs signals that the SEC chair has many sectors to be messing with.

As per the report, Deaton mentioned that SEC Chief Gary Gensler has even called the crypto market the “Wild West” of investing. Gensler believes that these assets are used for some illegal activities. Meanwhile, the majority of money laundering and fraud occurs using the greenback.

XRP lawyer said that power grabbing seems to be the thing of the SEC chair. The Commission chief has given limited input to the public over their rule making. However, it has grown the environmental (ESG) data disclosure requirements.

He added that this move will allow the SEC to progress its social agenda. This might also help them to secure a broader task in the Biden administration.

No new legislation introduced for crypto

Deaton suggested that SEC Chair’s fight against crypto might be his most dangerous and ambitious insult to constitutional norms. He highlighted that in every case since the Howey test found out that security involves an actual contract of relations between seller and buyer.

Earlier, Coingape reported that XRP lawyer suggests that the SEC commissioner might by dodging an internal inquiry over its past activities.

He also highlighted that Congress has failed to form any new law that directly involves regulating digital assets. Still, the SEC Chair has used the faulty clarity to go after the Crypto industry.

Ashish crede în descentralizare și are un interes puternic în evoluția tehnologiei Blockchain, a ecosistemului de criptomonede și a NFT-urilor. El își propune să creeze conștientizare în jurul industriei cripto în creștere prin scrierile și analizele sale. Când nu scrie, joacă jocuri video, urmărește un film thriller sau iese la niște sporturi în aer liber. Ajunge la mine la [e-mail protejat]

Conținutul prezentat poate include opinia personală a autorului și este supus condițiilor pieței. Faceți cercetările de piață înainte de a investi în criptomonede. Autorul sau publicația nu își asumă nicio responsabilitate pentru pierderea dvs. financiară personală.