U.S. SEC Commissioner Releases "Crypto 2.0: Regulatory Whip": Coinbase Enforcement Action Damages Regulatory Credibility

ChainCatcher News, U.S. Securities and Exchange Commission Commissioner Caroline A. Crenshaw released "Crypto 2.0: Regulatory Whiplash," which points out that the enforcement action against Coinbase has damaged the credibility of the SEC's enforcement division, leading people to mistakenly believe that the enforcement resources are deployed based on election cycles or in favor of the wealthy, inviting criticism and sowing seeds of distrust in the government.

The SEC's mission is to do the right thing for investors, issuers, and the capital markets.