The cryptocurrency industry, long at odds with U.S. regulators, is now pushing back harder than ever against the Securities and Exchange Commission after finding itself on more favorable ground under President Donald Trump‘s administration.
What Happened: Several leading crypto executives and firms, including Coinbase (NASDAQ:COIN) and Ripple (CRYPTO: XRP), are seizing the opportunity to challenge the SEC’s aggressive past enforcement tactics, according to Politico.
The new strategy includes efforts to block law firms from hiring former SEC employees who played key roles in investigations targeting crypto companies, while also pressing for answers on the agency’s past spending on crypto-related probes.
Coinbase CEO Brian Armstrong and Ripple’s chief legal officer Stuart Alderoty are among those leading the charge, alongside Gemini‘s Cameron and Tyler Winklevoss, who have demanded that investigators involved in their case be held accountable publicly.
“Crypto doesn’t just need regulation for the sake of investors,” wrote Cameron Winklevoss on social media. “It needs protection from regulatory overreach …
Full story available on Benzinga.com