Senator Elizabeth Warren has urged the US securities regulator to 'double down' on crypto enforcement, highlighting the industry is now 'scared' of a 'strong SEC.'
United States Senator and crypto skeptic Elizabeth Warren wants the Securities Exchange Commission to “double down” on its crypto enforcement efforts, highlighting that the cryptocurrency industry is running “scared” for what’s to come next.The Senator opined that since Gensler was sworn in as SEC Chairman in April, 2021, the Commission “has made a good start” on fixing some of the problems created by the former SEC leaders under the Trump Administration.
But that’s now being cleaned up under Gensler’s leadership, which has industry leaders scared, said Warren: The crypto skeptic senator also pointed the finger at crypto lending companies, celebrity promoters and inside traders who have allegedly misled or deceived retail investors.The Massachusetts representative said the SEC needs to “use the full force of its regulatory powers” in order to “reign in the frauds inflicted on American consumers.”
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elizabeth Warren: Crypto giants are 'collapsing under the weight of their own fraud' | CNN BusinessSenator Elizabeth Warren, a longtime crypto critic, warned recent turbulence in the digital asset space will only continue unless a host of regulators strengthen protections for investors.
Read more »
Sen. Elizabeth Warren's debt limit whopperWarren and the Democrats are like medieval monarchs who governed on the theory that individual property was granted on sufferance by the king to his inferiors. This is exactly backward, hgurdon writes.
Read more »
D.C. appeals court expedites oral arguments in Grayscale lawsuit against SECThe D.C. Court of Appeals has scheduled a date to hear oral arguments in Grayscale's lawsuit contesting the SEC's decision to deny the conversion of GBTC to an ETF.
Read more »
SEC commissioner reminds of ‘the point of crypto’ as market aims for recoveryThe SEC commissioner underscored that crypto is about solving a trust problem and how people can transact with those they do not know.
Read more »
Pro-Ripple Lawyer Shares Evidence on Why SEC Is Wrong About XRP: DetailsCrypto lawyer shares further details on what shows XRP is not security
Read more »