SEC dismantling crypto enforcement: commissioner
Now, the SEC has reached a proposed settlement with the company, which would see it pay a reduced US$50-million penalty and asks the court to drop the injunction against it.
“The commission’s decision to exercise its discretion and seek a resolution of this pending enforcement action rests on its judgment that such resolution will facilitate the commission’s ongoing efforts to reform and renew its regulatory approach to the crypto industry, not on any assessment of the merits of the claims alleged in the action,” the SEC said in a release.
However, SEC commissioner Caroline Crenshaw, who has been critical of the SEC’s direction on crypto regulation, refused to support the proposed settlement, which requires court…
