Senator Lummis Criticizes SEC’s Crypto Enforcement Strategy, Calls on Congress to Act

Odaily News Senator Cynthia Lummis warned in a recent interview with CNBC’s Squawk Box that the United States is lagging behind in digital asset regulation, especially compared to the European Union. “The European Union is ahead of us,” Lummis said, stressing the importance of the United States taking the lead in financial services and digital asset regulation. She went on to criticize the Securities and Exchange Commission’s (SEC) heavy-handed enforcement tactics, especially under Chairman Gary Gensler. (dlnews)