SEC’s Regulatory Jenga with Crypto: A Risky Game

In the US, SEC Commissioner Caroline Crenshaw warns that the agency is playing a risky game of "regulatory Jenga" with the crypto market. Crenshaw, a Democrat, criticizes the dismantling of established rules and the lack of enforcement, which she believes could destabilize the market. The SEC's shift, particularly post-FTX collapse, raises concerns about repeating past mistakes. Meanwhile, others like Commissioner Hester Peirce argue that crypto shouldn't be under strict securities laws, highlighting a broad division within the agency.