The US Securities and Exchange Commission (SEC) is now requiring its lawyers to obtain approval from politically appointed commissioners before launching an investigation, according to anonymous sources. This change follows leadership transitions at the SEC and aims to prevent "rogue attacks" and ensure investigations are based on solid evidence. However, critics argue that this new procedure may lead to legitimate cases of fraud being missed or delayed. Under the previous administration, the SEC required approval from its enforcement directors to launch probes, and the sources did not specify whether this delegation of authority had been revoked. The SEC has recently increased regulatory actions against major crypto exchanges, drawing criticism for its broad and vague interpretation of securities laws. Critics argue that this heavy-handed approach is a step backward and will slow down investigations, ultimately benefiting fraudsters.



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