SEC’s Crypto Stance Is ‘Anti-Investor’: CoinRoutes CEO Slams US Regulator
Summary
The SEC's regulatory approach to the crypto industry has faced heavy criticism, with politicians and industry figures accusing the watchdog of overreach. Representative Maxine Waters opposed a bill to block the SEC's Staff Accounting Bulletin 121, claiming it undermines investor protections. This has sparked backlash from investors and industry figures, with some labeling the SEC's defenders as "anti-investors." Ripple's CEO also criticized the SEC for hindering innovation in the crypto industry. The industry remains watchful of US politicians' stance on crypto as the November presidential elections approach.
