SEC admitting their mistakes? I think I woke up in the wrong timeline.
hiorea on
> I think our policies and our approach over the last several years have been just really a disaster for the whole industry. -Sec Commissioner, Mark Uyeda
Atleast someone man enough to say it from sec. Absolute terrible approach is hell for people who honestly trying to work in this industry. Meanwhile scammers rugging everybody but sec looking otherway
coinfeeds-bot on
tldr; SEC Commissioner Mark Uyeda criticized the agency’s approach to the crypto industry, calling it a ‘disaster’ due to unclear guidance and enforcement policies. This has led to increased lawsuits and uncertainty for investors. Uyeda’s comments highlight a divide within the SEC on how to regulate digital assets. Industry leaders like Ripple’s CEO and the Winklevoss twins argue that the lack of clarity hinders growth and pushes companies abroad. Despite criticisms, the SEC’s regulatory role is crucial for investor protection.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
uncapchad on
So not really news without a new plan is it? The entire planet knows it’s a disaster.
4 Comments
SEC admitting their mistakes? I think I woke up in the wrong timeline.
> I think our policies and our approach over the last several years have been just really a disaster for the whole industry. -Sec Commissioner, Mark Uyeda
Atleast someone man enough to say it from sec. Absolute terrible approach is hell for people who honestly trying to work in this industry. Meanwhile scammers rugging everybody but sec looking otherway
tldr; SEC Commissioner Mark Uyeda criticized the agency’s approach to the crypto industry, calling it a ‘disaster’ due to unclear guidance and enforcement policies. This has led to increased lawsuits and uncertainty for investors. Uyeda’s comments highlight a divide within the SEC on how to regulate digital assets. Industry leaders like Ripple’s CEO and the Winklevoss twins argue that the lack of clarity hinders growth and pushes companies abroad. Despite criticisms, the SEC’s regulatory role is crucial for investor protection.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
So not really news without a new plan is it? The entire planet knows it’s a disaster.