Gary Gensler Crypto Litigation Tactics Challenged By Ex-SEC Chair | Bitcoinist.com

Bitcoinist
Bitcoinist

29 Jun 2023 10:55 AM

Gary Gensler litigation tactics has come under criticism as ex sec chair expressed discontentment with his regulatory approach...

  • The month of June saw the SEC filing lawsuits against Coinbase and Binance, which has sparked criticism from industry participants.
  • Former SEC Chairman Jay Clayton expressed discontentment with SEC Chairman Gary Gensler's regulatory approach, stating that cases should not be brought if they anticipate losing.
  • Cameron Winklevoss, co-founder of Gemini exchange, called Gensler's actions a "total abuse of power."
  • The ongoing discussion in the crypto sector revolves around regulatory control and the appropriate role of government.

The sentiment in the article is mostly negative, with criticism directed towards SEC Chairman Gary Gensler and concerns raised about potential bias in his decisions.

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What lawsuits were filed by the SEC in June?Who expressed discontentment with Gary Gensler's regulatory approach?What is the ongoing discussion in the crypto sector about?What concerns have arisen regarding Gensler's decisions?Who is scheduled to appear before the US House Committee for a review of the market structure for digital assets?

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