Crypto industry is not experiencing regulatory capture — Attorney

Summary

Brandon Ferrick, general counsel at Douro Labs, views the SEC's openness to public input and roundtable discussions as indicators that the crypto industry is not facing regulatory capture. He identifies signs of regulatory capture as a revolving door between public and private sectors, consistent attendee rosters at regulatory events, and preferential treatment for certain projects. Ferrick emphasizes the SEC's public portal for commentary and meeting scheduling as positive engagement opportunities. Concerns exist among analysts and executives regarding potential regulatory capture as the crypto sector integrates with traditional finance. The SEC has shifted from a regulation-by-enforcement approach to hosting multiple crypto roundtables, including discussions on trading rules and guidelines for crypto custodians. The next panel is scheduled for April 25.

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