The SEC’s proposed custody rule faces criticism from industry players and officials, citing overreaching authority, potential advisor inhibition, and investor asset security risks. Amidst concerns, clearer regulatory frameworks are needed to balance market stability with innovation in the crypto landscape.
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Lawsuit vs SEC: Uncovering Potential Crypto Conflicts Among Former Officials
EMPOWR files a lawsuit against the SEC, seeking access to communications between former SEC officials and their ex-employers, suspecting potential conflicts of interest concerning cryptocurrency regulation. Transparency and impartiality in SEC’s regulation of cryptocurrencies are crucial for the growth and innovation of the crypto sector.
Allegations of SEC’s Selective Enforcement: Unveiling Conflicts in Crypto Market Regulation
EMPOWR filed a complaint against the SEC alleging selective enforcement on crypto market businesses and potential conflicts of interest among high-level officials. This follows the SEC’s failure to comply with a Freedom of Information Act request, further highlighting the agency’s inability to provide clear regulations and transparency for the growing crypto industry.