, and that staff don’t make formal requests such as the one implied by the article without a vote of the full commission.
“We continue our discussions with the Commission, but believe that transparent and fair rule making and Congressional action represent the best path forward for American crypto users and the companies building the cryptoeconomy in the US,” the spokesperson added. The regulator sued Binance in June, with both civil cases part of SEC Chair Gary Gensler’s push to assert jurisdiction over the crypto industry.
Gensler has labelled the crypto industry a “Wild West” that has undermined investor trust in the U.S. capital markets. Crypto companies say the SEC rules are unclear, and that the agency is overreaching by trying to regulate them.