The head of policy at venture capitalist Andreessen Horowitz has accused the SEC of 'going rogue' in its pursuit of bitcoin and cryptocurrencies.
implosions, causing bitcoin price chaos."The SEC is completely out of control. They’re going rogue," a16z's Brian Quintenz, a former Commodities Futures Trading Commission commissioner, said during a financial conference this week, it was. Quintenz went on to warn the U.S. risks falling behind in the race to foster crypto technology.
"The United States has to make a decision about whether or not it will embrace and support innovators in this country. There are jurisdictions that are mindful about this. That is not what we are seeing in the United States, and the clock is ticking." The SEC, led by chair Gary Gensler, has brought various enforcement cases against crypto companies over the last year, arguing that almost all cryptocurrencies meet the definition of a security. In early 2021, the SEC sued XRP developer Ripple for the sale of unregistered securities, kicking off a long-running legal case that it's still fighting.
"We consider this regulation by enforcement because it's creating new legal precedent through an enforcement action, but it would be much better for the entire industry if we just had clear rules to the road," Perianne Boring, the founder and chief executive officer of the Chamber of Digital Commerce,
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
WSJ News Exclusive | Justice Department, SEC Investigating Silicon Valley Bank’s CollapseBreaking: The collapse of Silicon Valley Bank is under investigation by the Justice Department and SEC, including stock sales by officers days before the bank failed
Leer más »
Ripple v. SEC: Here's What John Deaton Believes Will Happen If SEC WinsTop crypto advocate JohnEDeaton1 shares take on what will happen if SEC beats Ripple in its ongoing case
Leer más »
SVB collapse: Justice Department, SEC investigating bank's failureDOJ & SEC are investigating the collapse of Silicon Valley Bank. While the probes may not lead to charges or allegations of misconduct, this is an action typical of prosecutors & regulators after financial institutions suffer large, unexpected losses.
Leer más »
SEC and Justice Department reportedly investigating SVB's collapse, including insider stock salesThe probes are looking into the stock sales that SVB executives' conducted ahead of the tech-focused bank's collapse.
Leer más »
SVB collapse reportedly being probed by Justice Department, SECThe investigations are also examining stock sales that SVB Financial’s executives made days before the bank failed, the report said.
Leer más »