WASHINGTON, D.C.— Benjamin Schiffrin, Director of Securities Policy for Better Markets, issued the following statement in connection with Better Markets’ comment letter to the Securities and Exchange Commission (“SEC” or “Commission”) related to its proposal to substantially weaken investor protections for crypto securities offerings: 

“Seeing the failure of the crypto industry’s effort to rewrite investor protection laws on Capitol Hill, the SEC has rushed to its aid. Rather than recognizing the risks crypto poses to investors, the Commission proposes to adopt special rules that would free crypto from the guardrails that govern other securities offerings. If the Commission adopts its proposed rules, an…