CandleFocus Gary Gensler-Led SEC To Continue Attacks on Crypto; Expert Says Focus on Crypto Companies is Strikingly Intense
2024-09-18
Author: Content Editor
The Securities and Exchange Commission (SEC) has intensified its actions in the cryptocurrency sector, raising concerns among both Republicans and Democrats. The SEC's increased focus on crypto companies towards the end of the fiscal year is seen as a way for the agency to showcase its fulfillment of congressional mandates. While heightened activity is common during this period, what stands out is the SEC's intense scrutiny of the cryptocurrency sector compared to other industries. Lawmakers are expected to scrutinize the SEC's focus on crypto in upcoming hearings featuring Chairman Gary Gensler. The key question is whether the SEC will proceed with lawsuits, such as the one issued to OpenSea, and how it will shape cryptocurrency regulation.
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