SEC’s Crypto Embrace Seems Like 'Government Picking Winners and Losers', Says Crenshaw
The SEC is advancing a pro-crypto agenda under the Trump administration, prompting Democratic Commissioner Caroline Crenshaw to question whether the agency is promoting the crypto sector excessively. During a recent roundtable, Crenshaw raised concerns about the SEC's role in facilitating blockchain adoption for traditional finance, suggesting it may lead to regulatory overreach and weaken consumer protections. She emphasized the importance of remaining a tech-neutral regulator and questioned the focus on blockchain over other technologies. SEC Chairman Paul Atkins highlighted blockchain's potential to enhance market efficiency and accessibility, while Crenshaw countered that current settlement delays provide essential benefits, such as fraud prevention. Commissioner Hester Peirce acknowledged the transformative potential of blockchain but supported Crenshaw's caution regarding real-time transactions.
