As a former public servant, I believe there is a role for the government in overseeing the cryptocurrency industry. However, recent regulatory announcements – including directives from the U.S. Federal Reserve and executive branch designed to debank crypto firms, a pending lawsuit against the largest and most trustworthy U.S. exchange, Coinbase, and increasingly hostile rhetoric from Congress – are far from appropriate.
The SEC Can’t Stop Suing Crypto Companies
“Congress should enact new legislation to avoid legal pitfalls, but it’s unclear to me whether they actually will,” Baumann added....