SEC Commissioner Releases Crypto 2.0: The Regulatory Whip

Odaily News Caroline A. Crenshaw, Commissioner of the U.S. Securities and Exchange Commission, released "Crypto 2.0: Regulatory Whiplash," which pointed out that the enforcement action against Coinbase damaged the credibility of the U.S. Securities and Exchange Commission's enforcement department, misleading people into thinking that the enforcement department would deploy enforcement resources based on election cycles or in a way that benefits the wealthy, which attracted criticism and sowed the seeds of distrust in the government. The U.S. Securities and Exchange Commission's responsibility is to do the right thing for investors, issuers, and capital markets.