I can’t count how many times over the years I’ve seen someone on Crypto Twitter trot out the old saw that starts with “First they ignore you, then they laugh at you …” Well, be careful what you wish for, because over the past year, we’ve clearly reached the “then they fight you” portion of the quote often misattributed to Mahatma Gandhi.
For more than a decade, regulators including the U.S. Securities and Exchange Commission have been imposing only minimal restraints and targeting egregious frauds for prosecution, but otherwise leaving crypto largely to its own devices. But when Gary Gensler was appointed to head the SEC under the Biden administration, he signaled early and often his intention to take a more rigorous approach.
That attitude has manifested in a variety of ways, even beyond Gensler’s formal domain. In May, the SEC doubled the number of staffers in its enforcement division who were focused on crypto. Sanctions against the Tornado Cash privacy software by the Office of...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...