David Hirsch from the SEC’s Crypto Assets and Cyber Unit warns of an impending increase in charges against crypto exchanges and DeFi projects suspected of securities law violations. Expert Brandon Zemp advises caution and strategic action, noting regulatory pressures can influence DeFi evolution but also foster a healthier market and developer ecosystem.
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SEC’s Crypto Dilemma: Balancing Innovation and Investor Protection or Stifling Growth?
The SEC lawsuit against Binance and Coinbase raises questions about the regulator’s approach towards crypto, attempting to balance promoting innovation and ensuring investor protection. Critics argue that the current “regulation by enforcement” oversteps boundaries, impairing crypto sector growth, while the lack of a spot Bitcoin ETF in the US adds fuel to the debate.