As part of an effort to register the cryptographic industry, President Donald Trump’s administration has executed the execution of Crypto companies in the special unit of the US Securities and Exchange Commission (SEC), the major financial regulatory authorities that supervise digital assets. The number of measures has been reduced. To the New York Times.
One of the dissatisfaction of the multi -year student in the Joe Biden administration was the SEC’s “aggressive” approach and “execution regulation” under the former chairman Gary Genler. Last year, the SEC penalties for Crypto companies were a total of $ 5 billion. Under a gsler, who threatened to fire before Trump resigned last month, SEC was a digital asset company that rose from 70 while his predecessor, Trump, Jay Clayton. I looped 125 execution measures.
On Tuesday, the White House’s Crypto Czar David Sacks promised to accuse the long -standing “Arbitrary prosecution and persecution” under the previous administration and provide the clarity of sector regulations.
On the other hand, the Times reports that many of the authorities are re -assigned to other areas of agencies, and that there are at least one advanced member of the agency, and that there are “demoted” for at least one advanced member. I am.
Coinbase’s CEO, the largest encryption exchange in the United States, has recently announced that it will register a blacklist a law firm that employs a former SEC advanced lawyer who committed a “bad act.”
“It is a violation of ethics in my book to try to kill the industry illegally while refusing to publish a clear rule,” said coin -based CEO Brian Armstrong. “If you were a senior there, you can’t just follow the order. They have the options to leave SEC, many good people do it. That was not a normal employment period. “