The SEC is dismantling crypto rules in game of Jenga, commissioner warns – DL News
- The SEC is relaxing crypto rules.
- That’s dangerous, says Commissioner Caroline Crenshaw.
Relaxing crypto rules jeopardises not Wall Street, but Main Street Americans.
On Monday, Caroline Crenshaw, the sole Democrat commissioner at the Securities and Exchange Commission, issued that stark warning at the SEC Speaks conference.
Crenshaw said the agency’s ambition to ease off on regulations of and enforcement actions against crypto companies is tantamount to the rules-chopping period that preceded the 2008 financial crisis.
“It almost feels like we’re playing a game of regulatory Jenga,” she said, warning that the “carefully constructed tower of regulatory blocks will tumble” and open the door “to the same types of misconduct…
