State Regulators Fight to Maintain Crypto Enforcement Authority
Leaving state securities regulators out of crypto enforcement in potential legislation spelling out the structure of the crypto market would “be a decision with net-negative, significant consequences for Americans,” according to the North American State Securities Regulators Association.
In a letter to U.S. Sens. Tim Scott (R-S.C.) and Elizabeth Warren (D-Mass.), the respective chairman and ranking member of the Senate Banking Committee, NASAA President and Wisconsin Securities Division Administrator Leslie Van Buskirk warned senators about the necessity of state regulators in protecting investors from crypto fraud, noting they had brought over 330 enforcement actions involving digital assets since 2017.
“Our record demonstrates the…
