The only Democrat above Securities and Exchange Commission (Sec)) has expressed her opposition to a recent series of cryptocurrency-related decisions made by the agency.
Commissioner after the SEC rejected enforcement action against Coinbase on Thursday Caroline Crenshaw He condemned what she described as “regulatory whiplash.”
“This mid-stream reverse course, coupled with the prominent stays in other recent lawsuits — not only unprecedented, but also ignores 80-year established law,” Crenshaw said in a statement.
“I've heard many say the industry is craving legal clarity,” she added. “What we do today will be clear.”
She also targeted a statement from the SEC on Thursday. Meme Coinnot a securities, like the Trump token released last month.
The decision represents a “incomplete and unsupported view of the law,” and places the entire product category outside the SEC's scope, Crenshaw argued.
She is now the only Democrat in the SEC after being former chairman. Gary Gensler and Commissioner Jaime Lizaraga Both resigned last month.
plus: Vice President Vance Next month, we will give a keynote speech at the American Dynamism Summit of venture capital firm A16Z.
Katherine Boyle, general partner of A16Z, shares the news of X and writes that she is “excited” to join the summit with the vice president.
“It's time to build it for America,” she wrote.
A16Z was founded by venture capitalists Mark Andreessen and Ben Horowitzinvesting in a variety of emerging technologies, including cryptocurrency ventures.
