Don Wilson, founder and CEO of Chicago-based trading giant DRW, has criticized the US Securities and Exchange Commission's (SEC) crackdown on cryptocurrencies, drawing parallels to his past victory over the Commodity Futures Trading Commission (CFTC) under the leadership of Gary Gensler. Wilson accused the SEC of selectively harassing crypto companies and argued that its lack of clarity for the sector is intentional. He cited his own experience with the CFTC, where he was accused of market manipulation and ultimately acquitted, as evidence of regulators' attempts to expand their jurisdiction. Wilson believes that the SEC's handling of crypto enforcement actions could be a deliberate strategy to slow down the evolution of decentralized technologies.



Other News from Today