SEC Showdown: Gary Gensler Defends Crypto Policy While Commissioner Mark Uyeda Calls It ‘Disaster’ For Assets Like Bitcoin, Ethereum, Dogecoin
Posted On October 11, 2024
In a fresh display of growing discord within the SEC, Commissioner Mark Uyeda has slammed the agency’s cryptocurrency policy, calling it a “disaster” for assets like Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin (CRYPTO: DOGE). Despite rising criticism, Chairman Gary Gensler remains firm in enforcing the policy.
What Happened: During an interview with Fox Business on Thursday, Uyeda voiced his disapproval of the SEC’s approach to cryptocurrency regulation while discussing the latest lawsuit slapped by the regulator on Crypto.com, a cryptocurrency exchange.
“Our policies in the last several years have been really a disaster for the whole industry,” the commissioner said. “We have been setting these policies …
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