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Caroline CrenshawThe only Democrat currently working in the US Securities Commission (SEC) has caused concern about the displacement of the Secret Krypto surveillance approach.
Speaking on Sec speaks event 19. Mayshe said The agency removes key rules without a proper reviewand compared the situation with the game Jengawhere too many blocks can tear down the whole tower.
Crenshaw stated that SEC has spent years building a system of rules that should support the market stability. She warned that Some of these rules are separated in ways that could create new risksEspecially in the crypto industry.
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She said the sec had used internal guidelines to silently weakened or reversed existing policies, without involvement of the public or fully explaining the reasons. These actions have shown that the Agency may not fully implement the rules in some cryptocurrencies.
Crenshaw also criticized what she called “Decree by implementation”which emphasized that SEC has stepped down from taking measures in many areas. She believes that harms the ability of the agency to win in court and create a confusion about which rules are still applied.
To point out, she used the FTX 2022 collapse as a reminder of what can go wrong when the market crypto remain unverified. Crenshaw noted that, although the risks still exist, the urgency of their solution seems to have faded.
In the meantime, SEC Chairman Paul Atkins recently talked about Blockchain could introduce new methods for managing investment. What did he say? Read the whole story.
After a master’s degree in economics, politics and culture of the East Asia region, Aaron wrote scientific papers by analyzing the differences between Western and collective forms of capitalism in the Era after World War II.
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Aaron quoted more established outlets and was the author himself. Even during her free time, she enjoys exploring market trends and looking for the next Supernova.
