Pro-Bitcoin Senator Lummis Promises to Leash SEC as She Stands With Kraken
US senator Cynthia Lummis bashed SEC for interfering with crypto companies, promises to take measures against regulator...
- Pro-crypto U.S. Senator Cynthia Lummis criticizes the U.S. Securities and Exchange Commission (SEC) for its approach to crypto regulation.
- Lummis supports the Kraken exchange, which is being sued by the SEC for trading unregistered securities.
- She argues that the SEC should establish clear rules for digital currencies to avoid unnecessary harm to consumers.
- Kraken CEO Jesse Powell comments on the lawsuit, calling it another assault on America and expressing frustration with the SEC's actions.
The sentiment in the article is mostly negative towards the SEC's approach to crypto regulation. Senator Lummis criticizes the SEC for ruling by enforcement and causing harm to consumers. Kraken CEO Jesse Powell expresses frustration and sees the lawsuit as an assault on America.